How Artificial Intelligence Can Prove Helpful For Cryptocurrency
                     Crypto World At Your Finger Tips!
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How Artificial Intelligence Can Prove 
Helpful For Cryptocurrency
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Today, cryptocurrency has 2
become a popular digital 
phenomenon in terms of 
finance. Gone are those 
times, when people were 
stuck to their staple mode 
of payment, i.e fiat 
currencies. With the very 
innovative development of 
Bitcoin on 3rd January 
2009 by Satoshi Nakamoto 
has ignited the growth of 
cryptocurrency as the best 
alternative to these regular 
currencies.
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● If you are abreast of the latest crypto news, then you must be aware of how 
crypto exchanges had been victim to hacking and theft by malicious players. 
There have been unfair practices participated by companies on a smaller 
scale. 
● Such insecurity raises the question mark on the cryptocurrency use. But with 
artificial intelligence, such insecurities can be swept away. 
● This is all because of persisting interest in this modern digital technology that 
has the potential to solve the security issues in blockchain technology. AI can 
help blockchain secured from the prying eyes of malicious actors. 
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Artificial Intelligence: A Helping Hand To 
Cryptocurrency
● As we have mentioned above, how artificial intelligence can be of much help 
for cryptocurrency by resolving security issues prevailing in blockchain 
technology. It does its best to keep malicious actors away from it. But besides 
ensuring security, AI is also efficient in helping other ways too. 
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Securing Digital Wallets
● If you are a crypto user, then you know this fact that digital wallets are the 
best way to store and manage your funds. The protection of these wallets 
relies on crypto codes. But if you have been regularly following the 
latest news on cryptocurrency, then you will be familiar with the past 
instances, where hackers had cleverly sneaked through cryptology and had 
successfully get away with the funds through using malware. Keeping note of 
such malware attacks, artificial intelligence comes up with a brilliant idea of 
launching a system that becomes impossible for hacking.
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Restricting Illegal Mining
● Artificial intelligence can play a very big role in restricting illegal mining. That 
is why some firms are interestingly referring to artificial intelligence to make 
sure about the fair process of selection and rewards without getting 
tampered. 
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Intercepting All Kinds Of Hacking
● Artificial intelligence is a self-learning concept, which is growing at a very 
rapid way with expanding changes in the conditions of the network and 
posing a challenge for hackers to track down any prone weaknesses. AI is 
efficient enough to resolve the problems in the blockchain. 
● It can even alert about groups that falsify fake identities to impact on the 
network. If there are maximum fake identities created by the malicious 
group, then they may redraft the blockchain for their selfish motives. Here 
comes the role of AI in alerting the system.
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Growing Craze For Artificial Intelligence By Companies
● The more relevant is artificial intelligence to the technology, the more 
blockchain is for the cryptocurrency industry. The growing liking for AI can be 
estimated with the participation of startups that have expressed interest in 
artificial intelligence more than other technological companies. 
● There are various zones where artificial technology has proven its efficiency 
in terms of automated trading. One of the zones is High-Frequency Trading. 
This factor depends upon the study of technical indicators across the number 
of exchanges to counter market running trades much speedier than the 
others in the market.
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● Having much convinced with the promising nature of artificial intelligence 
does not mean it is a solution for all aspects of the crypto industry. It won’t 
be delivering the efficient human traders superfluous swiftly as possible. Still, 
it has gained much attention and prominence in the crypto sector for 
tracking down scams and bots. 
● Acquiring machine knowledge and trading assisted with artificial intelligence 
have garnered much interest in previous years. This approach is utilized to 
examine that inability of the cryptocurrency market can be taken advantage 
of hatching unexpected benefits.
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Conclusion
 It even became a preferred choice for investment with digital assets like 
Bitcoin, Ethereum, Litecoin, Monero, Dash, and many more. But despite 
all advantages, the blockchain technology did become a target of 
malicious hackers and steal away the hefty amount of money by 
breaching the security. Thankfully, artificial intelligence came as big help 
with smart systems and solutions to ward off theft and hacking. Keep 
yourself abreast of altcoin news, to know any updates regarding crypto 
coins.
Sources
https://www.cryptoknowmics.com/news/
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Crypto gaming platform Blockchain tutorials and courses
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contact at 
- [email protected] - www.cryptoknowmics.com
- [email protected] - www.cryptoknowmics.io
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