Analysis of the Security and Reliability of Cryptocurrency Systems Using Knowledge Discovery and Machine Learning Methods

Abstract

Cryptocurrency, often known as virtual or digital currency, is a safe platform and a key component of the blockchain that has recently attracted much interest. Utilizing blockchain technology, bitcoin transactions are recorded in blocks that provide detailed information on all financial transactions. Artificial intelligence (AI) has significant applicability in several industries because of the abundance and processing capacity of large data. One of the main issues is the absence of explanations for AI algorithms in the current decision-making standards. For instance, there is no deep-learning-based reasoning or control for the system’s input or output processes. More particularly, the bias for adversarial attacks on the process interface and learning characterizes existing AI systems. This study suggests an AI-based trustworthy architecture that uses decentralized blockchain characteristics such as smart contracts and trust oracles. The decentralized consensuses of AI predictors are also decided by this system using AI, enabling secure cryptocurrency transactions, and utilizing the blockchain technology and transactional network analysis. By utilizing AI for a thorough examination of a network, this system’s primary objective is to improve the performance of the bitcoin network in terms of transactions and security. In comparison to other state-of-the-art systems, the results demonstrate that the proposed system can achieve very accurate output.