How Is Crypto Related to Artificial Intelligence (AI)?

The debate of crypto versus AI originates from the fact that both of these technologies are focused on the same audience, and have the same main goal of making our lives more convenient.

While there are lots of heated debates going on around the topic of crypto versus AI, we should not take these debates negatively. That is because these debates are common with every emerging technology.

With the help of its decentralization feature, Blockchain allows the storage and transfer of securely encrypted data within a specific network. The technology can be used to track payments, orders, and accounts-related information.

The log or public ledger is fully transparent, and every user on the blockchain sees the same version of the data. Every piece of information collected by the blockchain is locked in the hash and is converted into blocks that are safely stored on the blockchain forever.

On the other hand, AI technology is focused on the use of computers and the latest AI algorithms in areas like decision-making and problem-solving. AI is a vast field and includes deep learning and machine learning as well.

These technologies can easily train their algorithms with the help of real-world data, and solve problems in real-time. With the help of AI technology, repetitive tasks can be easily streamlined and automated. This is done through data sets that are properly trained with the help of real-world information.

The key difference between artificial intelligence and blockchain technology is that AI relies on centralized data, which opposes the decentralized nature of cryptocurrency. However, these differences do not alienate the chances of both these technologies merging and working together shortly. This can be easily done by removing obstacles like usability and accessibility in the upcoming years.

Discouraging or ignoring crypto to embrace AI is the wrong approach whether you are a company or a single investor. The real fun happens when new technology is much and works together seamlessly. With the merger, we can move towards a more digitalized world where crypto and AI will no longer be seen as enemies.

By combining the functionalities and benefits of both these technologies, crypto and AI can successfully develop a symbiotic relationship in which everyone benefits from it.

This can be done by decentralized computing and encrypted platforms related to the crypto technology getting implemented into AI platforms.

The use of AI in the crypto industry can make mining more profitable. Moreover, generative modeling and machine learning algorithms and platforms can be easily audited by blockchain authentication.

There are various areas like sentiment analysis, development of AI ecosystem, democratic governance, and others that can mutually benefit from crypto and AI, thus ending the crypto vs AI debate.