How Artificial Intelligence can support blockchain applications like Telcoin

In recent years, computing (AI) researchers have finally cracked issues that they need worked on for many years, from the traditional game of attend human-level speech recognition. A key piece was the flexibility to collect and learn from mountains of information, that force error rates past the success line.

AI is currently applied to virtually each potential domain, starting from health care to AI. However, there’s one domain wherever AI has not created a big breakthrough nonetheless. With the recent interest in cryptocurrencies, the blockchain has emerged as a potential different to the present industry. AI has been used with success in finance up to currently. thus why not mix AI with cryptocurrencies, like Telcoin, and add worth for finish users?

Blockchain technology by itself is simply an enormous localised and changeless distributed ledger. This shared management design encourages information sharing. Indeed, each user will access and skim the records of this public ledger. If several transactions square measure processed by the network, information can accumulate over time. this implies massive information. And if we've got massive information, AI will kick in.

For the case of Telcoin, we have a tendency to listed a minimum of four applications wherever AI will add worth. confine mind that there square measure in all probability plenty additional. Here they are:

• Deal with opposing concealing and fraud management
• Mitigate the forex risk for Telcoin, as a liquidity supplier
• Manage volatility during a cryptocurrency world
• Automatically tune the payment threshold that customers need to undergo to complete the transfer

Deal with opposing concealing and fraud management

Let’s contemplate a malicious merchandiser doing worth manipulation by causing plenty of resting orders within the order book, then canceling all of them once the market shifts. By actuation the market down, he can purchase coins at an improved worth than others. this is often reportable as market abuse and is severely prosecuted in most countries. AI is nice at pattern detection and this merchandiser will be simply detected with advanced AI systems. Let’s contemplate ANother case wherever an unlucky client has lost his phone whereas traveling abroad. A malicious character finds it and starts transferring coins. as a result of blockchain is here, we've got access to massive amounts of information and AI will perceive the quality behaviors of the purchasers which may so find anomalies. for instance, this is often the primary time that cash is shipped at the hours of darkness from another country.

Mitigate the forex risk for Telcoin, as a liquidity supplier

In the case once a mobile operator decides to shop for or sell coins to/from Telcoin, AN acceptable basic hedging forex strategy needs to be undertaken so as to supply liquidity. as a result of the inherent risk, Telcoin needs to increase the unfold between the bid and also the call for order to slightly mitigate this risk. With the recent advances of AI in quantitative finance, economical hedging methods are planned and with success applied to the forex market. One direct advantage of mistreatment AI could be a lower forex risk and a lower unfold, benefiting directly the mobile operators willing to shop for and sell Telcoins.

More info:-  

• Telcoin
• Telcoin WhitePaper
• Telcoin Twitter
• Telcoin BTCTalk

https://steemit.com/cryptocurrency/@originalworks/150-steem-sponsored-writing-contest-telcoin

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