AI Driven Blockchain Reward Insights Using ML

Several industries have embraced blockchain technology due to the change it has brought, especially in the way records are kept. However, one major problem inherent in the concept of blockchain from the participants perspective is the presence of unpredictable rewards in proof-of-work and proof- of-stake models. That is why this research aims at developing a new strategy to solve this problem by incorporating artificial intelligence (AI) as well as machine learning (ML) algorithms into blockchain compensation prediction. This project seeks to analyze how artificial intelligence (AI) and machine learning (ML) methods may be incorporated into blockchain technology to solve the problem of the unpredictability of rewards. Using the EtherScan API, we have obtained 1000 timestamps and block reward values, and for prediction of rewards for certain timestamps, we use the KNN algorithm, linear regression algorithm, and random forest regressor algorithm. Thus, a What We KNN attained an accuracy of performance specifies, and a random forest regressor attained an impression accuracy range of 74% particular timestamps. These outcomes show the benefits of advanced ML to the blockchain ecosystem as a tool that helps stakeholders make informed decisions concerning activities like mining, staking, or investing in blockchains with potentially high rewards.

Authors

Institutions

Publication Details

Published
2024-11-26
DOI
https://doi.org/10.1109/etecte63967.2024.10823911
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

AI Driven Blockchain Reward Insights Using ML

A. N. Malik, Faisal Bukhari, Hafiz Muhammad Talha
Blockchain Technology Applications and Security
article

AI Driven Blockchain Reward Insights Using ML

A. N. Malik, Faisal Bukhari, Hafiz Muhammad Talha
article en

Abstract

Several industries have embraced blockchain technology due to the change it has brought, especially in the way records are kept. However, one major problem inherent in the concept of blockchain from the participants perspective is the presence of unpredictable rewards in proof-of-work and proof- of-stake models. That is why this research aims at developing a new strategy to solve this problem by incorporating artificial intelligence (AI) as well as machine learning (ML) algorithms into blockchain compensation prediction. This project seeks to analyze how artificial intelligence (AI) and machine learning (ML) methods may be incorporated into blockchain technology to solve the problem of the unpredictability of rewards. Using the EtherScan API, we have obtained 1000 timestamps and block reward values, and for prediction of rewards for certain timestamps, we use the KNN algorithm, linear regression algorithm, and random forest regressor algorithm. Thus, a What We KNN attained an accuracy of performance specifies, and a random forest regressor attained an impression accuracy range of 74% particular timestamps. These outcomes show the benefits of advanced ML to the blockchain ecosystem as a tool that helps stakeholders make informed decisions concerning activities like mining, staking, or investing in blockchains with potentially high rewards.

University of the Punjab (PK)
Openalex Percentile: Top 60%
Blockchain Technology Applications and Security
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.