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Differences between AI-crypto and traditional cryptocurrencies
Purpose: AI-crypto projects are intended to fuel AI applications, whereas standard cryptocurrencies are intended to be used as a medium of exchange or a store of wealth.
Technology: AI-crypto projects employ blockchain technology to safeguard transactions and record ownership, but they also employ AI algorithms to perform activities such as data analysis and decision-making.
Traditional cryptocurrencies mostly depend on the use of blockchain technology.
Scalability: AI-crypto projects are frequently built to be more scalable than regular cryptocurrencies, allowing them to process more transactions per second.
This is due to the ability of AI algorithms to improve the blockchain network. #AI #BTC #ETH #BinanceXAI
Purpose: AI-crypto projects are intended to fuel AI applications, whereas standard cryptocurrencies are intended to be used as a medium of exchange or a store of wealth.
Technology: AI-crypto projects employ blockchain technology to safeguard transactions and record ownership, but they also employ AI algorithms to perform activities such as data analysis and decision-making.
Traditional cryptocurrencies mostly depend on the use of blockchain technology.
Scalability: AI-crypto projects are frequently built to be more scalable than regular cryptocurrencies, allowing them to process more transactions per second.
This is due to the ability of AI algorithms to improve the blockchain network. #AI #BTC #ETH #BinanceXAI
divergence in AI=Crypto AND TRADITIONAL CRYPTOCURRENCIES
Purpose: AI-crypto projects are intended to fuel AI applications, whereas standard cryptocurrencies are intended to be used as a medium of exchange or a store of wealth.
Technology: AI-crypto projects employ blockchain technology to safeguard transactions and record ownership, but they also employ AI algorithms to perform activities such as data analysis and decision-making.
Traditional cryptocurrencies mostly depend on the use of blockchain technology.
Scalability: AI-crypto projects are frequently built to be more scalable than regular cryptocurrencies, allowing them to process more transactions per second.
This is due to the ability of AI algorithms to improve the blockchain network.
Privacy: Since AI algorithms are used to encrypt data, AI crypto projects may provide more privacy than regular cryptocurrencies.
However, there is no assurance that AI-crypto projects will be fully secret.
Investment potential: AI-crypto projects appear to have a long-term investment advantage over traditional cryptocurrencies.
The reason I agree with this is that they are more or less connected to the growth of AI.
NB: Always DYOR before investing in any project.
Examples of AI Crypt projects
The Graph: #TheGraph is an indexing protocol for data querying in networks like Ethereum and IPFS, supporting DeFi and Web3 ecosystems.
It enables developers to create and publish open APIs called subgraphs, which applications can access through GraphQL.
Fetch.ai (FET): #Fetch.AI, founded in 2017, launched in March 2019. It creates an open, decentralized machine-learning network with a crypto economy.
The network allows anyone to connect and access secure datasets using autonomous AI to perform tasks, leveraging the global data network.
Render (RNDR): #RNDR is a distributed GPU rendering network on the Ethereum blockchain, connecting artists and studios with mining partners who rent GPU capabilities.
It uses an ERC-20 utility token for artists to exchange GPU compute power, with a manual and automatic proof of render system.
Others are #Injective (INJ), #OasisNetwork, #SingularityNET (AGIX), and #OceanProtocol (OCEAN).
Conclusion
AI crypto tokens are designed to support AI applications and platforms.
AI crypto tokens facilitate decentralized AI networks, incentivize data sharing, fund AI projects, and promote collaborative development in the digital space.
They are significant in the digital economy, encouraging AI development and democratizing AI access.
DYOR before investing.
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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Technology: AI-crypto projects employ blockchain technology to safeguard transactions and record ownership, but they also employ AI algorithms to perform activities such as data analysis and decision-making.
Traditional cryptocurrencies mostly depend on the use of blockchain technology.
Scalability: AI-crypto projects are frequently built to be more scalable than regular cryptocurrencies, allowing them to process more transactions per second.
This is due to the ability of AI algorithms to improve the blockchain network.
Privacy: Since AI algorithms are used to encrypt data, AI crypto projects may provide more privacy than regular cryptocurrencies.
However, there is no assurance that AI-crypto projects will be fully secret.
Investment potential: AI-crypto projects appear to have a long-term investment advantage over traditional cryptocurrencies.
The reason I agree with this is that they are more or less connected to the growth of AI.
NB: Always DYOR before investing in any project.
Examples of AI Crypt projects
The Graph: #TheGraph is an indexing protocol for data querying in networks like Ethereum and IPFS, supporting DeFi and Web3 ecosystems.
It enables developers to create and publish open APIs called subgraphs, which applications can access through GraphQL.
Fetch.ai (FET): #Fetch.AI, founded in 2017, launched in March 2019. It creates an open, decentralized machine-learning network with a crypto economy.
The network allows anyone to connect and access secure datasets using autonomous AI to perform tasks, leveraging the global data network.
Render (RNDR): #RNDR is a distributed GPU rendering network on the Ethereum blockchain, connecting artists and studios with mining partners who rent GPU capabilities.
It uses an ERC-20 utility token for artists to exchange GPU compute power, with a manual and automatic proof of render system.
Others are #Injective (INJ), #OasisNetwork, #SingularityNET (AGIX), and #OceanProtocol (OCEAN).
Conclusion
AI crypto tokens are designed to support AI applications and platforms.
AI crypto tokens facilitate decentralized AI networks, incentivize data sharing, fund AI projects, and promote collaborative development in the digital space.
They are significant in the digital economy, encouraging AI development and democratizing AI access.
DYOR before investing.
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
1.9k
6
3
Top
Other posts from
avatar
Chuks Njr
What is zySync era?
Jul 28, 2023
Do you see $LTC dumping? Where will #LTC touch in the next 7 days? $80 or $97?
Aug 2, 2023
What you need to know about FDUSD
Aug 2, 2023
Is Ripple Losing Against the SEC?
Aug 1, 2023
All you need to know about CyberConnect
Aug 1, 2023
The Xai token is the utility token of the Xai ecosystem and it has three different use cases: As the gas token of the Xai network. As rewards for validator nodes for validating transactions for the network. #XAI
There are two partnerships on the roadmap—with leading game developers who plan to migrate their content to the Xai blockchain—that are yet to be announced. When announced, these are likely to positively affect the token price. Other announcements of partnerships within the gaming ecosystem—be that Web2 or Web3—are also likely to fuel price action.
Game Releases: With 5 games already in development we can expect that the release of each game, or announcement of a release date, will result in a bump in token price. Any existing big gaming titles announcing a move to the Xai network are also likely to fuel positive price action.
There are two partnerships on the roadmap—with leading game developers who plan to migrate their content to the Xai blockchain—that are yet to be announced. When announced, these are likely to positively affect the token price. Other announcements of partnerships within the gaming ecosystem—be that Web2 or Web3—are also likely to fuel price action.
Game Releases: With 5 games already in development we can expect that the release of each game, or announcement of a release date, will result in a bump in token price. Any existing big gaming titles announcing a move to the Xai network are also likely to fuel positive price action.
Binance introduced its 41st Launchpool project, the NFPrompt (NFP) token
#NFPtokens
Binance introduced its 41st Launchpool project, the NFPrompt (NFP) token
In a recent development, Binance introduced the 41st project on Binance Launchpool: NFPrompt (NFP). This project is an AI-driven User Generated Content (UGC) platform tailored for Web3 creators.
With this Launchpool, Binance allows crypto enthusiasts to farm NFP, the native token of the AI-based UGC platform. Specifically, Binance allows users to stake their BNB and stablecoins FDUSD and TUSD in distinct pools over a seven-day NFP token farming period.
The farming activity will commence on Wednesday, December 20. Notably, Binance aims to distribute 110,000,000 NFP tokens, which represent 11% of the total token supply, to the participants of the 41st Launchpool. Prospective participants are required to complete standard Know Your Customer (KYC) procedures before engaging in the staking activities.
#NFPtokens
Binance introduced its 41st Launchpool project, the NFPrompt (NFP) token
In a recent development, Binance introduced the 41st project on Binance Launchpool: NFPrompt (NFP). This project is an AI-driven User Generated Content (UGC) platform tailored for Web3 creators.
With this Launchpool, Binance allows crypto enthusiasts to farm NFP, the native token of the AI-based UGC platform. Specifically, Binance allows users to stake their BNB and stablecoins FDUSD and TUSD in distinct pools over a seven-day NFP token farming period.
The farming activity will commence on Wednesday, December 20. Notably, Binance aims to distribute 110,000,000 NFP tokens, which represent 11% of the total token supply, to the participants of the 41st Launchpool. Prospective participants are required to complete standard Know Your Customer (KYC) procedures before engaging in the staking activities.
I’m $ETH https://s.binance.com/D1tGy71T
LIVEAZCoinNews
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Federal Reserve Hints At Rate Cuts, Bitcoin Soars To $42,000
The US Federal Reserve opted to maintain its benchmark interest rate at 5.50% despite acknowledging the evident slowdown in economic growth and the job market. This decision, however, arrived hand-in-hand with acknowledgment that inflation, though persistently above the 2% target, has shown signs of easing. What sent ripples through the financial world, though, was the Fed’s subtle indication of potential rate cuts in the near future, potentially up to 75 basis points, marking a notable departure from their recent tightening strategy.
This pivotal announcement didn’t just affect the traditional markets. It catalyzed a significant surge in Bitcoin’s value, propelling the leading cryptocurrency beyond the $42,000 mark. The reasoning behind this sudden upward movement lies in the anticipation surrounding the potential approval of Bitcoin exchange-traded funds (ETFs) by US regulators. The prospect of a more accessible and regulated Bitcoin market for millions of investors contributed substantially to this surge.
BTC/USDT 1 day-chart on Binance | Source: TradingView
But the impact didn’t stop there. The broader financial markets experienced a positive jolt, particularly in riskier asset categories. Investors interpreted the Fed’s potential shift towards rate cuts as a green light for riskier ventures, like Bitcoin. This pivot in sentiment stems from the conventional belief that interest rate cuts correlate with improving economic conditions, prompting a migration towards higher-risk assets like cryptocurrencies.
This intriguing correlation between the Federal Reserve’s monetary policies and Bitcoin’s value highlights the sensitivity of the cryptocurrency market to global monetary shifts. It underscores how investors, seeking diversification and potential havens amid economic uncertainties, are increasingly viewing Bitcoin as a viable addition to their portfolios.
The evolving relationship between the Fed’s stance and the crypto market reaffirms Bitcoin’s growing relevance in the broader financial landscape. As regulatory landscapes evolve and central banks navigate economic complexities, the intersection between traditional monetary policies and the digital asset realm becomes increasingly intertwined.
Source: https://azcoinnews.com/federal-reserve-hints-at-rate-cuts-bitcoin-soars-to-42000.html
This pivotal announcement didn’t just affect the traditional markets. It catalyzed a significant surge in Bitcoin’s value, propelling the leading cryptocurrency beyond the $42,000 mark. The reasoning behind this sudden upward movement lies in the anticipation surrounding the potential approval of Bitcoin exchange-traded funds (ETFs) by US regulators. The prospect of a more accessible and regulated Bitcoin market for millions of investors contributed substantially to this surge.
BTC/USDT 1 day-chart on Binance | Source: TradingView
But the impact didn’t stop there. The broader financial markets experienced a positive jolt, particularly in riskier asset categories. Investors interpreted the Fed’s potential shift towards rate cuts as a green light for riskier ventures, like Bitcoin. This pivot in sentiment stems from the conventional belief that interest rate cuts correlate with improving economic conditions, prompting a migration towards higher-risk assets like cryptocurrencies.
This intriguing correlation between the Federal Reserve’s monetary policies and Bitcoin’s value highlights the sensitivity of the cryptocurrency market to global monetary shifts. It underscores how investors, seeking diversification and potential havens amid economic uncertainties, are increasingly viewing Bitcoin as a viable addition to their portfolios.
The evolving relationship between the Fed’s stance and the crypto market reaffirms Bitcoin’s growing relevance in the broader financial landscape. As regulatory landscapes evolve and central banks navigate economic complexities, the intersection between traditional monetary policies and the digital asset realm becomes increasingly intertwined.
Source: https://azcoinnews.com/federal-reserve-hints-at-rate-cuts-bitcoin-soars-to-42000.html
the easiest method to make 100 to 1000$ in Binance
This strategy applies only to spot trading. If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.#BinanceTournament https://s.binance.com/D1tGy71TI have been trading with Binance for 3month now
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