Why AI Agents Are Changing Everything for Crypto Payments



13h05 ▪
3
min read ▪ by
Eddy S.

In 2024, the intersection of artificial intelligence (AI) and blockchain has become a major trend. AI-focused crypto projects are now concentrating on the development of autonomous agents capable of performing tasks such as trading, investment management, and interacting with users.

A payment scene in a futuristic marketplace with an AI robot performing a crypto transactionA payment scene in a futuristic marketplace with an AI robot performing a crypto transaction

The Impact of AI Agents on Blockchain

Historically, AI projects in the crypto space primarily aimed to decentralize the infrastructure necessary for data entry and model training. However, in 2024, a shift occurred with the emergence of autonomous agents. These agents, powered by artificial intelligence, can perform tasks autonomously, without constant human intervention.

In contrast, in a blockchain, an AI agent is essentially a smart contract capable of making autonomous decisions based on data, according to James Ross. They can manage crypto wallets, sign keys, and execute transactions, thereby enhancing the user experience and automating interactions with blockchain-based assets.

Moreover, crypto payments represent an ideal area for AI agents, due to the natural synergy between AI and blockchain. As a result, they can operate without the regulatory constraints of traditional payment systems, thereby optimizing financial transactions. On trading platforms, these agents execute transactions with speed and even prevent against fraud, as Ryan Lee, chief analyst at Bitget, explains: 

Advancements in AI are transforming trading platforms like Bitget by improving efficiency, enabling the analysis of large datasets to identify market trends, and executing trades with speed and precision. AI also strengthens fraud detection and compliance by monitoring transactions for irregularities, bolstering security and user trust.

Humans at the Center of Crypto

Although AI agents on the blockchain are promising and offer opportunities for automation and optimization of crypto transactions, they still require human oversight. This supervision is crucial to verify the decisions made by these agents on-chain, thus ensuring their reliability and compliance.

Despite being autonomous, they are not yet capable of functioning without human intervention, as the verification of AI models on the blockchain is essential to ensure they operate as intended. This step of human validation is indispensable for maintaining the security and integrity of crypto operations.

In summary, AI agents on the blockchain represent a significant advancement, but their full autonomy remains a challenge. Human supervision remains essential to ensure the reliability and security of operations. The future of these technologies promises new crypto opportunities while requiring continuous vigilance for their optimal development.

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Eddy S. avatarEddy S. avatar

Eddy S.

Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.





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