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New Cryptocurrencies Framework: Artificial Intelligence and Proof of Work

Published:15 March 2023Publication History

ABSTRACT

People are getting familiar with cryptocurrencies because of the rapid development of cryptography, and bitcoin, a traditional decentralized digital currency, becomes famous. Thus, it is necessary to establish a digital currency allocation framework. Two existing methods both share the same goal of reaching blockchain consensus; however, the processes are different: The proof of Work system is completely related to tasks, but the Proof of Stake system is related to tokens. Hence, service providers are more than glad to apply the Proof of Work theory after distinguishing the difference between these two systems; this system which does not have high limitations is more fair and balanced. To enhance the traditional Proof of Work system, Artificial Intelligence can properly help and make the new framework works more efficiently. AI model can pre-assign a trustworthy score via the IP address, and then it can take the responsibility to generate the puzzle for the qualification. After the model verifies the output, the trustworthy score can increase or decrease based on the performance. Finally, it can establish a loop from the trustworthy score to puzzle difficulty, and then back to the trustworthy score. Therefore, an AI assistant can accurately monitor the entire transaction process and ensure validation to be environmentally friendly.

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  1. New Cryptocurrencies Framework: Artificial Intelligence and Proof of Work

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      cover image ACM Other conferences
      EITCE '22: Proceedings of the 2022 6th International Conference on Electronic Information Technology and Computer Engineering
      October 2022
      1999 pages
      ISBN:9781450397148
      DOI:10.1145/3573428

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      Publication History

      • Published: 15 March 2023

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