The future of crypto: AI implementations in blockchain technology

Numerico leverages the synergy of AI and blockchain with advanced tools and a layer-2 network to empower crypto newcomers and developers.

The introduction of artificial intelligence has a profound impact on the crypto ecosystem, and it’s only going to expand, given the amount of investment and effort being put into using AI within the context of blockchain.

The intersection of AI and blockchain technology is expected to be worth over $2.7 billion by 2031. The innovation enables futuristic scenarios where AI fine-tunes trading strategies, crafts smart contracts — self-executing digital agreements — on demand and instantly identifies security flaws with precision.

By harnessing the power of AI, blockchain platforms can offer efficiency and innovation, making this fusion one of the most exciting developments in the digital finance sector. The synergy of these two technologies promises to streamline operations, boost security and make the complex world of crypto more accessible to all.

Leveraging AI and blockchain to empowerer crypto newcomers

As they embark on the next chapter of their journey, focused on implementations of AI both in trading and onchain, educational project Newscrypto has announced its rebrand to Numerico, a self-sustaining ecosystem designed to empower even complete crypto beginners to confidently enter and thrive in the crypto space.

Over the years, Newscrypto has established a strong reputation as a reliable source of information, education and trading insights, helping over 500,000 users to confidently start their crypto journey.

The Numerico rebrand aims to build on this foundation, integrating advanced AI and blockchain technologies to further demystify the crypto landscape.

Advancing layer-2 blockchain technology with AI

At the heart of Numerico’s future is its layer-2 (L2) blockchain. Currently in development, the blockchain will offer a secure and user-friendly environment for users with minimal Solidity knowledge to experiment and innovate. It will enable onchain staking, governance and the development of AI tools.

By leveraging advanced L2 scaling solutions and AI technology, Numerico’s L2 blockchain ensures decentralized applications (DApps) can manage higher transaction volumes without compromising performance or security.

Numerico’s native bridge — a system that connects different blockchain networks — utilizes AI-driven anomaly detection for real-time fraud prevention and optimized transaction routing. The technology identifies unusual patterns or activities that may indicate fraudulent behavior, enhancing security and performance while reducing latency and costs.

The L2 blockchain is fully Ethereum Virtual Machine (EVM) compatible, providing a smooth transition for Ethereum developers. EVM compatibility allows the integration of existing Ethereum DApps and wallets, such as MetaMask. Developers can continue using the tools and libraries they are accustomed to, simplifying the development process and accelerating development times.

AI-driven solutions for crypto trading and development

Numerico offers a suite of AI-enhanced tools for its users. The AI Trading Assistant helps users refine existing trading strategies and create new personalized strategies from scratch. Users can enhance their trading performance by minimizing risks and maximizing win rates. The trading strategies can be tailored to users’ individual needs and preferences.

Numerico’s AI Development Assistant simplifies the creation of smart contracts, allowing developers to turn ideas into functional onchain products. Developers can leverage the AI to generate ready-to-use code by describing the desired functionalities. The assistant also automates code optimization and error detection, significantly lowering developers’ barriers to entry.

Security plays a vital role in the crypto world, and Numerico tackles this challenge with its AI Smart Contract Audit System. This feature swiftly detects bugs, vulnerabilities and potential honeypots — deceptive traps set within smart contracts — providing detailed security assessments in just a few clicks.

The transformative potential of AI

Numerico will launch its L2 mainnet in the fourth quarter of 2024 and introduce ecosystem incentives for developers. In the first half of 2025, the project plans to implement onchain staking on the L2 mainnet, offering governance and exclusive benefits tied to a new financial product.

Projects like Numerico illustrate the transformative potential of AI in blockchain technology, offering enhanced efficiency, security and accessibility. The powerful combination of these technologies is poised to herald a new era of innovation for the crypto industry.

Source: https://cointelegraph.com/news/the-future-of-crypto-ai-implementations-in-blockchain-technology