Book Image

Practical Artificial Intelligence and Blockchain

By : Ganesh Prasad Kumble
Book Image

Practical Artificial Intelligence and Blockchain

By: Ganesh Prasad Kumble

Overview of this book

AI and blockchain are two emerging technologies catalyzing the pace of enterprise innovation. With this book, you’ll understand both technologies and converge them to solve real-world challenges. This AI blockchain book is divided into three sections. The first section covers the fundamentals of blockchain, AI, and affiliated technologies, where you’ll learn to differentiate between the various implementations of blockchains and AI with the help of examples. The second section takes you through domain-specific applications of AI and blockchain. You’ll understand the basics of decentralized databases and file systems and connect the dots between AI and blockchain before exploring products and solutions that use them together. You’ll then discover applications of AI techniques in crypto trading. In the third section, you’ll be introduced to the DIApp design pattern and compare it with the DApp design pattern. The book also highlights unique aspects of SDLC (software development lifecycle) when building a DIApp, shows you how to implement a sample contact tracing application, and delves into the future of AI with blockchain. By the end of this book, you’ll have developed the skills you need to converge AI and blockchain technologies to build smart solutions using the DIApp design pattern.
Table of Contents (15 chapters)
Section 1: Overview of Blockchain Technology
Section 2: Blockchain and Artificial Intelligence
Section 3: Developing Blockchain Products

Cryptocurrency trading

Trading cryptocurrencies has become a global alternative to wealth creation, apart from offering liquidity in the space for users in the respective blockchain platforms. Several entities, ranging from small crypto exchanges to billion-dollar hedge funds, offer wealth management services both directly and indirectly for their clients, in the form of trading services.

With well over 2,000 cryptocurrencies floating on multiple blockchains, and access to purchase, use, and trade, the holding of cryptocurrencies has never been easier over the internet. With the highest market capitalization of all the cryptocurrencies crossing 500 billion US Dollars (USD) in 2018, cryptocurrency has been regarded as an alternative wealth creation medium in the long term.

Let's now understand how crypto trading actually works. The following diagram is helpful:

Fig 6.1: Working illustration of cryptocurrency trading in a decentralized exchange

The preceding diagram is a generic demonstration...