Role of AI in fortifying cryptocurrency security

By Rajesh Dangi

Cryptocurrencies have undergone a remarkable evolution since Bitcoin’s groundbreaking launch in 2009. Initially lauded as a radical, decentralised alternative to traditional financial systems, they’ve faced considerable headwinds. Issues like extreme price volatility, rampant fraud and scams, and a global landscape of regulatory uncertainty have consistently challenged their mainstream acceptance. These persistent hurdles have underscored an urgent need for more robust security measures. This is precisely where Artificial Intelligence (AI) is stepping in, playing a pivotal role in enhancing the security and stability of digital assets, thereby paving the way for broader adoption and cultivating greater trust among users and institutions alike.

Overlooking the Crypto’s Journey

At their technological core, cryptocurrencies operate on Distributed Ledger Technology (DLT), most notably blockchain, which inherently offers transparency and immutability. While these attributes are foundational strengths, they haven’t insulated the crypto market from significant growing ...