• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight

Exclusive Interview with A.I. Coin Founders

Natalie Johnson
by Natalie Johnson
8 years ago
·
Posted in Altcoin News, Altcoins, Bitcoin Technology, Interviews, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A.I. Coin is taking blockchain technology to a new level of performance and intelligence. The promising new currency features enhanced block-chain security, instant payment transactions, lower fees, and greater efficiency. The product of eight years of research in artificial intelligence, A.I. Coin is one of the first digital currencies to utilize artificial intelligence. The A.I. Coin Project is Proof-of-Stake (POS) – 21 million coins will be minted.

Also Read: Is NeuCoin the Strongest Altcoin Opening in 2015 Thus Far?

A.I. Coin’s instant transactions offer superior safety to users — both merchants and payment recipients. Compared to Bitcoin, A.I. Coin’s transaction fees are 100x lower. A.I. Coin’s patent-pending technology also eliminates mining equipment and thus the great costs associated with it. By utilizing standard servers to securely access the blockchain and process payments, A.I. Coin is much more efficient and cost-effective.

The founders of A.I. Coin: Drew Hingorani, CEO and Stephen Reed, CTO have offered great insights into the project.


 

When did the A.I. Coin Project first begin?

The AI Coin project is a descendent of the Cooperative Mining for Bitcoin project, described in a bitcointalk forum thread started April 25, 2014 by Stephen Reed. The project whitepaper, Bitcoin Cooperative Proof-of-Stake was published May 22, 2014. Note that paying stakers a dividend now appears not to be necessary to secure our network. 

What are some of the projects and developments that are in A.I. Coin’s future?

We use Bitcoin Core as the basis for AI Coin transaction processing. Those developers have many good ideas to advance Bitcoin Core and thereby advance altcoins that such as AI Coin – that stay current with Bitcoin Core releases. We plan to contribute to core development via contributions to the recently refocused Bitcoin Foundation. Likewise for the wallets, e.g. MultiBit whose software that we re-brand. Because our technology is a platform, we expect a number of future interesting products… as well as from others when we eventually open the intelligent software agents platform to third party integration.

After the initial launch phase what are the subsequent phases of development you and the team have planned for?

The launch phase is a basic product. The emphasis after launch will be to ensure that all our paid super peer servers are located in geographically dispersed, secure datacenters where the network is safe from DDoS extortionists. We believe our network will be secure against compromised nodes, faulty communications, and more generally byzantine faults. These assertions need to be tested and demonstrated on our testnet in the months after launch.

This second phase emphasis will be network security and on the initial development of operational policies expected of a compliant Money Services Business, e.g. dual control, audit trails, and so forth. Our customers will tell us where to focus future development beyond payment-industry-standard security. We will also seek access into cryptocurrency enterprises that handle altcoins, and perhaps gain access into a few enterprises that up to now only handle Bitcoin.  

(Drew and Stephen will obtain Money Services Business licenses in all 50 states and a BitLicense in New York.)

Market volatility is a huge issue today with cryptocurrencies. What ideas or implementations do you have in mind to address this to make A.I. Coin stable?

We will warn our supporters that initial aicoin sales in the wake of our launch will likely be overpriced. That has been the history with most altcoins to date. Because the price of aicoin should tend to rise with increasing economic transaction rates, we will endeavor to steadily increase the quantity of aicoin transactions…we expect aicoin prices to rise with the introduction of compelling new features and industry partnerships. 

How does A.I. Coin achieve superior speed?

AI Coin has a network configured for a secure worldwide financial enterprise. It consists of a backbone of servers located in secure datacenters, connected with encrypted links to one another. From the network backbone, ordinary customer-facing peers are directly and redundantly connected, again with encrypted links.

This configuration yields sub second response time for transactions accepted into any point on the network. Each new transaction is immediately routed directly to the particular super peer that has the temporary responsibility for creating new blocks on the AI Coin blockchain.


 

AI COIN LOGO

A.I. Coin to Launch With Great Expectations

It seems as though everyone is creating their own cryptocurrency these days. So I asked Drew and Stephen how A.I. Coin was going to stand out from the rest. Being able to access funds instantly is perhaps the most attractive feature of A.I. Coin. As the founders put it, the speed that comes with A.I. Coin will make it much more “palatable” to merchants and consumers.

Transaction speed is undeniably one of the largest barriers that have stifled the digital currency movement. By design, A.I. Coin eliminates this barrier to adoption. A.I. Coin transactions require no wait time – an amazing accomplishment, especially since Bitcoin’s confirmation time can take up to 10 minutes.

Transparency and following Money Services Business practices also set A.I. Coin apart. According to the founders, “A portion of daily aicoin sales are to be transparently held in a dollar reserve to pay customers for losses that we create despite our best efforts.”

The A.I. Coin launch will be April 27-29 at the Inside Bitcoins New York Conference.

To find out more about A.I. Coin, visit their website and forum for more details.

A.I. Coin Founders

Drew Hingorani, CEO AI Coin

Drew Hingorani, CEO

Stephen Reed CTO AI Coin

Stephen Reed, CTO

 

Images: 1-4 via A.I. Coin

Featured image: Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Natalie Johnson

Natalie Johnson

Follow

Natalie likes to examine digital currency innovations and businesses that shape the future of finance. She especially takes interest in the human side of digital currency and its potential to solve humanitarian issues.Follow @BIT_FAN

Full Profile

Related Posts

altcoins-prets-a-exploser-septembre-2025

3 altcoins prêts à exploser en septembre 2025

1 day ago
Ethereum

Ethereum Smart Contracts Become Latest Hiding Spot For Malware

1 day ago
TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

2 days ago
acheter-token6900-avant-claim

Dernières 24h pour acheter TOKEN6900 avant le claim !

3 days ago
Ethereum

Ethereum Scores Milestone As Chinese Firm Floats 1st Public RWA Bond

3 days ago
solana-analyse-tendance-leviers-techniques

Solana en route vers les 300 $ : analyse de la tendance des leviers techniques

4 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    13 hours ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    14 hours ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    14 hours ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    19 hours ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    20 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.