AI agents are all around, in real life as well as in crypto. Magic Labs, backed by PayPal, launched Newton, a secure and autonomous agent.
So, let’s find out what Newton and its AI agents are all about.
Newton AI agents don’t need access to your wallet information. This is already a big difference, with, for instance, Telegram bots. This exposes you to potential hacks or losses that you can’t retrieve. That’s why Magic Labs launched magic Newton. These are AI agents that connect DeFi with AI in a secure way.
Newton is an autonomous agent. You can see it as your copilot in managing your portfolio and completing tasks. You set the parameters, and Newton will strictly act within these parameters. So, besides automation, it also offers verifiability.
Magic Labs’ founders started back in 2018. Magic Labs leads the embedded wallet sector. It handles over 50 million wallets. For example, with companies like Polymarket, WalletConnect, Helium, Immutable, or Forbes.
Newton completes tasks, set by you, without that you need to hand over control of your wallet. You keep in charge of your private keys. There’s no need to hand them over. So, to explain this, I need to get a bit more technical. As already mentioned, you set the parameters.
Now, Newton implements these with a Trusted Execution Environment (TEE). This TEE protects the confidentiality and integrity of code and data. Verification happens with zero-knowledge proof. This means that you can prove that a statement is true. However, you don’t reveal any information, besides the statement. See the picture below for Newton’s architecture.
Source: Newton’s Litepaper
The Newton team calls this “self-driving crypto”. In other words, AI agents follow goals set by you. The AI agents operate autonomous and with full transparency. At the same time, they double down on security.
With Newton, you can set parameters for various tasks, beyond simple automation. For example,
So, Newton offers plenty of useful use cases. You can safely delegate complex tasks to Newton’s AI agents.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
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