AI? A branch of computer science called artificial intelligence (AI) allows machines to make judgments based on data, progressively emulating human intelligence. Recent well-known examples include ChatGPT, an application that can "write" in accordance with a user-submitted brief, and AI-generated artwork, in which a program analyzes human prompts expressed in natural language to create digital artwork. These applications are becoming more complex, and in both situations, the outputs are sufficiently similar to what a human might produce to be mistaken for human creation. AI has practically endless applications, and it has even made its way into the Bitcoin market.
AI Cryptocurrency?
The coins that drive AI blockchain platforms like SingularityNET and The Graph are known as AI cryptocurrencies. To access the sites and its integrated artificial intelligence, users must spend tokens. To evaluate how AI is being applied in the industry, we have examined the top ten AI cryptocurrency projects based on their market capitalizations.
AI Cryptocurrencies Safe?
Depending on how you store them and your risk tolerance, AI coins may or may not be safe from hackers or market volatility. Regarding the latter, no cryptocurrency is immune to market volatility, and the volatility of cryptocurrencies was exposed in 2022. For instance, Bitcoin rose to over INR 3 million in March before ending the year at about INR 1 million (-56%), having begun the year at about INR 2 million. The same was true for Ethereum, which began 2022 at about INR 196,928.40 INR 1 lakh and ended the year at just under INR 98,463.29.
Hackers are likely to continue targeting cryptocurrency wallets and exchanges, putting people's valuables at the mercy of the security measures taken by them and their exchanges.
Although cold wallets protect against hacking, they lose their security once they are linked to a computer that is connected to the internet.
