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.
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
