How Blockchain Benefits From Artificial Intelligence

Despite being around for many decades, the replication of human intelligence in machines - artificial intelligence - has now become popularized.

With AI and cryptocurrencies to become formidable fortresses, how does artificial intelligence impact distributed ledger technology?

Cryptocurrency tradingAfter the emergence of blockchain technology in the post-crisis era, the industry has continued to attract a significant number of investors and prove doubters wrong.

As more investors join the blockchain space, the impact of AI becomes increasingly significant to crypto trading.

Blockchain securityThe blockchain industry has suffered a high level of malware, phishing and 51% attacks, among other corrupt endeavors.

Blockchain hacks and attacks are usually very time-sensitive, with the first response to the hack being critical.

In 2017, a popular blockchain manufacturing company, Bitmain, increased its operations to include AI in the chips of its application-specific integrated circuits, or ASICs.

Without a doubt, while technology in general is largely shifting toward machine learning and artificial intelligence, blockchain and cryptocurrencies are equally benefitting from the evolution of artificial intelligence.

Joshua Esan is a freelance writer and editor passionate about blockchain technology and the health industry.

He is a fourth-year medical student and has worked with various companies and blogs since the blockchain revolution began.