Blockchain and artificial intelligence (AI) are two industries that exhibit similar characteristics and usually attract people with similar interests. SingularityNET , which is essentially a blockchain startup, has created a marketplace for developers and organizations to exchange AI with each other. Thus, we are able to see the benefits of artificial intelligence in relation to cryptocurrency.
Perhaps the most significant flaw in blockchain security is the way in which networks are manipulated using computational power. Since the first cryptocurrency, there have been several high-profile, with losses of billions of dollars. Of course, these thefts have been reported in the media and it seems that these thefts are the reason why customers are often unable to use these services.
Now, studies have begun to investigate whether and to what extent AI can help detect malware on a blockchain and remove it. Of course, manipulation of blockchain networks is not always aimed at hacking or theft, but also at finding different methods. That is why the Velas crypto project has created AI-enhanced Delegated Proof of Stake (AI-DPoS), which is a method to combat this.
The Velas AI-DPoS consensus method uses the speed and automation of AI to reward users for good behavior and proper use of the network. Regardless of the power of a hacker, AI would immediately recognize that something dangerous is happening and stop it.
AI is being called upon to help protect against so-called “Sybil” attacks – where a group of hackers creates hundreds of fake identities with the aim of influencing a network. In this case, humans would not be able to recognize the threat quickly, but instead AI would immediately gain an opinion on the consequences of such an attack.
The fact about AI is that its defensive systems evolve rapidly continuously and ’ this always stay ahead of the hackers.
