The Overview Of Matrix AI Network
The blockchain community has faced difficulties with security, scalability, interoperability, etc. over the years. These difficulties inspired the MatrixAI Network, which was created to improve the speed, flexibility, security, and 'intelligence' of blockchains.
The 2016-founded MATRIX AI Network (MAN) is a distributed computing platform and operating system that combines blockchain and artificial intelligence (AI).
The Matrix AI Network has worked to gain traction among the business and tech crowd since launching its mainnet in February 2019 with the promise of providing them with a platform that combines artificial intelligence (AI) and blockchain.
ABOUT MATRIX AI NETWORK
Matrix is a high-performance blockchain powered by AI. In Stage One, we employ AI to address issues that plague traditional blockchain technologies. When blockchain performance and usability are improved, we will be able to create a complete and expandable ecosystem of high-performance AI blockchain.
Matrix is developing a multifunctional AI service platform that will include computing power leasing, data authentication and transaction, algorithm models and digital assets, AI services, and so on.
THE VISION AND MISSION OF MATRIX AI NETWORK
Vision: To build a decentralized auto-functioning AI economy
Mission：
👍Stage One: Highly efficient blockchain platform.
👍Stage Two: Decentralized cloud computing platform.
👍Stage Three: Digital asset authentication platform/Digital asset trading platform.
WHAT ARE UNIQUE FEATURES OF MATRIXAI NETWORK?
Matrix AI Network has the following distinguishing features:
SAFER: Making blockchains more robust under malicious attacks.
FASTER: Enabling faster transactions and higher processing throughput.
MORE FLEXIBLE: Seamless integration of public and private chains with the capability of adaptive optimization.
Matrix Ai network has a native token which can be used for some purposes and it's called MAN. On the Matrix network, payments for transactions are made using MAN tokens. Similar to what is found in the model of Ethereum's GAS, a processing fee will be charged in MAN once a transaction has been prepared. The Matrix AI main chain's services and applications, particularly those that employ artificial intelligence, can also be accessed using MAN. The tokens should be prepared to support daily purchases like coffee or groceries as the developers promise to eventually turn MAN into a payment unit similar to Alipay.
The Matrix AI Network platform will make a total of one billion MAN tokens available. Their market cap was worth more than $20 million as of March 2019. The tokens can be purchased through trading on various cryptocurrency exchanges, including Bitfinex and Huobi, in addition to mining.
The unique features of MAN tokens are:
Utilization: MAN coins can be used to participate in the network's consensus process, pay for transaction fees, and access advanced AI services on the MATRIX AI Network.
Governance: MAN coin holders have the right to participate in MATRIX AI Network governance, including voting on protocol updates and other important decisions.
Staking: MAN coin holders can stake their coins to earn rewards by participating in the network's consensus process.
Liquidity: MAN coins are traded on several cryptocurrency exchanges, providing liquidity for investors.
Security: The MATRIX AI Network uses advanced security measures to protect the network and user's assets.
It would also be interesting to learn more about the mind behind this magnificent project. The Matrix's Development Team
The MATRIX Foundation, headquartered in Hong Kong, manages and oversees the Matrix project. The project was launched in 2016, with work on the AI component beginning a year later. The ICO took place in early 2018, with over USD 54 million in tokens sold.
The key people behind the project include Owen Tao as its CEO and Steve Deng of Tsinghua University as the Chief AI scientist, assisted by Bill Li (Chief Network Architect) and Tim Shi (Chief Chip Scientist).
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