Over the years AI has been becoming an increasingly large part of the crypto industry and is used in many aspects of it now. As of late various utility tokens have been upgrading the framework on which they operate for example - "
Distributed Ledger Technology (DLT) has been through several iterations over the years and currently exists in several forms. The most popular of which, blockchain, was made famous by the cryptocurrency Bitcoin as it grew in popularity over the past decade. Some other DLT concepts which support cryptocurrencies include Nano's block directed acyclic graph (blockDAG) and IOTA's transaction-based directed acyclic graph (TDAG)." However, they all encounter the same problems in that they're Proof of work and are constantly operating at full capacity which renders them fairly slow and leads to lack of decentralization. "Over the past few years, artificial intelligence has exploded in popularity, with several companies like Numerai and Peculium combining AI with blockchain concepts to improve trading accuracy. Other companies like Singularity.NET and DeepBrain Chain have developed open-source, blockchain-based services to facilitate the advancement of AI technology. However, few companies have investigated utilizing AI specifically to resolve the issues affecting how a blockchain operates." So this leaves us with a problem in that we need to upgrade the block chain to 'blockchain 3.0' via AI integration "Velas AG is a company founded by Alex Alexandrov, the CEO of long-running crypto payments platform Coinpayments. Alexandrov believes we can overcome the problems found in modern blockchains by removing the human element and automating the network's management tasks with artificial 'intuition,' rather than intelligence. His company has developed the first AI-enhanced distributed proof-of-stake (AI-DPoS) blockchain network, VELAS (Virtual Expanding Learning Autonomous System).The idea is that 'swarms' of artificial intuitions constantly evaluate every potential block producer on the network, running all necessary data through an algorithm and making the best possible decision for the network at any given moment. As conditions change, the network is slowed down or sped up as needed, and block producers are elected and re-elected to fit the requirements." This gives the concept of AI a much needed refurbishment meaning that for example
Googles model of AI is much less complex and easier to grasp than this new one, Google uses complex algorithms and large portions of logic to create their AI whereas
Velas are using swarms of 'single cell organisms' to create a much bigger framework with its own DNA making it almost human like in that it's constructed from single cells that work together to create a bigger model
source -
https://hackernoon.com/blockchain-30-taking-dlt-to-the-next-level-with-ai-integration-vu1vt3zrd
