Many of the 90s kids will remember the bulk-sized huge computers and heavy cellular phones that looked like bricks which only white collars could afford. Then, prior to that, there was a time people wait weeks to have a piece of a letter written by hand.
Yes, with hands!
They certainly had no idea what those “alien boxes, actually computers” and the internet are going to be the most essential part of their life that can shrink distances and modify their way of life.
From the last decade, digital currency; mainly Bitcoin; is getting on the top of the headlines which is why it is moving far beyond being a trendy stock to invest in. The blockchain is the power behind crypto and has been applied to a number of industries.
On the other side of the wall, artificial intelligence is also making a similar mark in headlines. Besides the fact that technology is not making thousands of people rich, it is uplifting industries with more work done quickly and efficiently.
AI and Cryptocurrency
AI and cryptocurrency make the perfect combo that can make a huge difference in an area. These two are the great steps towards a healthy future.
There has never been a change to that much extent which is brought by AI and cryptocurrency together. Inevitably, human lifestyles are amplified to the greater betterment with this technology.
If this will remain the pace towards development, the life 10 – 20 years from now will deliver completely a new picture. Our entire lives will be recorded by tech and robots. We will heavily rely on machines that even a tiny machine will tell us how much coffee we have in storage.
There will be a time where computerized medical diagnosis right at the palm of your hands with the precise timing, measurements, data, and quantities. In such a case, cryptocurrency will play a vital role in paying and charging for the service.
Now it’s the time we need to see some classy tends of how AI and cryptocurrency are going to reshape our future.
AI Cryptocurrency Trends
The reasons below are based on some real scientific research and studies. AI and machine learning are taken from the finance and crypto world by storm.
1. Computer algorithms are in trading
Flexible human trading skills are becoming more and more tangled in the digital treading as computers are steadily taking control over everything. Fast decision making is the way towards constant competitiveness.
50 – 70 percent of the trading in equity markets, 60 percent of the future, and 50 percent of treasuries are now using computers as their main source.
2. AI vitality in digital data
The size of digital data is getting 2x bigger every two years.
The most intriguing estimate given by IDC is that the amount of digital data will touch 44 zettabytes (trillions of gigabytes) by 2020. This amount is so big that if it is put in an iPad Air Tablet, the stack will reach from earth to moon more than six times.
3. The digital trading system is an alternate trading step
AI predicted market trends for the year of 2001 with 5 years of data between 1995 and 2000. This shows that AI confirmed the neural trading system which use some historical market data to produce superior information for the next trading day.
This technique outperforms the buy and holds a portfolio by more than 150% in less than a year.
4. AI is constructive for finance
The popular cryptocurrencies such as Bitcoin, Ether, and Litecoin are facing serious troubles in assigning proper fundamental values by crypto space. Regardless of the number of theories flown around the pricing methodologies, we are still lacking with a witty solution which is broadly accepted.
AI neural networks give proficient solutions for this.
Cryptocurrency Is The Next Frontier!
The endless benefits that AI and cryptocurrency shed over markets leave us dazed. There are ample opportunities that this combination will give in the tech industry. In addition, attributes associated with crypto are the great supporters of artificial intelligence, like – decentralized approach, transparent process, faster execution, etc.
This wholly a new field will influence the token money in the following ways:
- Unbiased: There is no rivalry that machines don’t bias between two individuals. Hence, investors and customers will have equal benefits from this option.
- Transparency: Cryptocurrency can be traded on the blockchains platform powered by AI and thus gives highly secure, transparent, and a secure platform of the transaction.
- Cost-Effectiveness: Cryptocurrency is the real-time money which can be transferred within no time in an absolutely clear way. Industries will use a blockchain platform to automatically transact money whenever the task is completed. This can lead to a more effective way while minimizing cost-cutting.
- No threats: The trading and investment process is one of the riskiest tasks in the economic forum. But people can safely invest in cryptocurrency as it is free from malicious attacks and hackers.
The real concept of AI and cryptocurrency rests in the maintenance of data in large digital data sets. AI and cryptocurrency is concomitance and digital currency cannot work independently. No zone is out of the reach of another zone. Hence vitalizing an economy, flourishing stock, and prospering life all relies upon the world of crypto.