AI interfaces like ChatGPT have proven popular and represent one of the greatest advancements in human technology in decades. This utility extends to blockchain, and many protocols have launched that use AI in some form or another. With all protocols set to benefit, the market continues to rally. Projects like Cardano (ADA) and Fantom (FTM) have performed well, but TMS Network (TMSN) has ripped onto the scene after raising over $2 million in presale.
Fintech Fraud Detection
One of the key issues for financial tech companies is fraud detection. This is one area where AI technology can really shine. By analyzing vast amounts of data at an extreme rate, AI can quickly identify anomalies where fraud is likely with great accuracy. By leveraging AI, Fintech companies can cut costs and prevent losses through fraud.
It is not only the company that benefits. Often customers are the target of fraud, and so AI represents the next stage of consumer protection. The use cases are extensive, and many Fintech companies are set to implement AI-powered fraud detection in the coming years.
But how does this relate to crypto?
One of the older altcoins on the market, Cardano (ADA) has struggled with slow development rates. Cardano (ADA) developers come from an academic background, and so perfectionism is rife. Newer blockchains, with more practically-minded developers than Cardano (ADA) are launching all the time. Cardano (ADA) has essentially fallen behind its competitors.
AI offers an opportunity for Cardano (ADA) to catch up to the newer chains. By automating many of the developmental processes, Cardano (ADA) developers will have a chance to streamline processes and launch upgrades at a faster rate. Yet, competitors will also have access to AI technology. It is a race against time for Cardano (ADA) to definitively launch a DeFi ecosystem, and AI may be the answer.
Fantom (FTM) is another key ecosystem within the cryptosphere. The Fantom (FTM) DeFi economy is booming. Protocols within the Fantom (FTM) ecosystem can benefit from AI technology in many key areas. Similar to Cardano (ADA), smart contract developers on Fantom (FTM) can accelerate the pace of development through automation.
However, unlike Cardano (ADA), Fantom (FTM) has an army of developers creating and maintaining smart contracts within the ecosystem. The advancement of the Fantom (FTM) economy mirrors that of many other protocols within the crypto space. AI will provide a tangible boost to all tech-based industries. Cryptocurrencies like Fantom (FTM) are no exception.
TMS Network (TMSN)
TMS Network (TMSN) is a new paradigm in the decentralized trading scene. Built on Ethereum and leveraging its security, TMS Network (TMSN) brings previously unseen asset classes on-chain. Traders from all backgrounds will feel familiar with the TMS Network (TMSN) platform, with stocks, crypto, CFDs, and FOREX all accessible to trade in a decentralized and non-custodial way.
TMS Network (TMSN) rewards token holders with a share in the commission fees generated by the protocol. Over and above this, TMS Network (TMSN) holders enjoy access to a variety of bespoke trading tools. From customizable trading bots, live on-chain data, social trading, and much more, traders on the platform have all the tools they need to create an edge in the market.
Up over 1400% since preseed, TMS Network (TMSN) has clearly caught the attention of investors. As AI infiltrates all market sectors, TMS Network (TMSN) is set to capitalize by providing users access to key markets and tech stocks.
Click here for more information about TMS Network (TMSN).
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.