Saturday February 27, 2021
Bitcoin (BTC) $46,877.00   Ether (ETH) $1,465.85
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Vendor Technology

Distributed computing platform Matrix AI Network launches mainnet

Published by CryptoNinjas.net
02/28/2019
Distributed computing platform Matrix AI Network launches mainnet

Matrix AI Network (MAN), a global open-source, public, intelligent blockchain-based distributed computing platform and operating system, combining advanced artificial intelligence (AI) and blockchain technology, formally announced the launch of its mainnet platform earlier today.

With the launch of the Matrix AI Network mainnet, the public can start mining and commence verification activities in as soon as four to six weeks. Block rewards mined during this initial period is expected to be redistributed to the community in the following manner:

  • 1,000,000 MAN will be airdropped to everyone who completes the token swap by or before a date that will shortly be announced to the community.
  • Everyone who tested nodes on the testnet will receive 500 MAN each.
  • Once the public can start mining, the first 200 miners (online for 100,000 blocks) will receive 1000 MAN each.
  • Once the public can start verifying, the first 100 verifiers (online for 100,000 blocks) will receive 2000 MAN each.
  • 2,000,000 MAN will be burned.
  • Approximately 400,000 MAN will be used to cover transaction fees during the first four to six weeks.
  • The remaining tokens will be used for ecosystem development.

“This release is a significant moment for Matrix AI Network and our community, we can now connect investors, developers, partners, and the community to innovate exponentially. Making the Matrix AI Network platform available on the mainnet is a clarion call for collaborative development, and a significant advance for practical blockchain and artificial intelligence technology.”

Owen Tao, Matrix AI Network's CEO

Matrix AI Network will be running several notable projects on its mainnet, including a recently announced partnership with OGI Ocean Gate Transportation Company, an international freight forwarding, and integrated logistics services company, to develop an intelligent global freight shipping application platform.

Over the past year, Matrix AI Network has announced a series of notable alliances and partnerships in both the public and private sector, with organizations such as Distributed AI Alliance; Tsinghua University Bayesian Computing Lab; Peking University Cancer Hospital; Advanced Telecommunication Chain Industry Alliance; and China Standards and Innovation Alliance’s Artificial Intelligence and Blockchain Council — a strong sign of confidence and support for MATRIX’s proprietary technology.

“We are very excited to reach this milestone, to see our AI technology begin to deliver on the promise of blockchain. Over the coming weeks, as the MATRIX team ensures the stability of the network, the Matrix mainnet will demonstrate a network throughput speed in excess of 5000 transactions per second (TPS),” continues Dr. Steve Deng, “faster speeds lead to lower transaction costs, shorter confirmation times and scalability – capable of supporting large commercial transactions. This is the next breakthrough for blockchain 3.0.”

Dr. Steve Deng, Chief AI Scientist for Matrix AI Network
With this new platform release, MATRIX AI Network will provide the following key feature sets:
  • Auto-Coding Smart Contracts – MATRIX Smart Contracts use Natural Language Programming and adaptive deep learning-based templates to auto-code. English and Chinese are currently supported, with additional languages supported later.
  • AI-powered Cybersecurity – AI-powered Secure Virtual Machine identifies potential loopholes and malicious intentions while ensuring robustness under high-intensity attack using a generative adversarial network.
  • Adaptive Blockchain Parameters – Seamless integration of public and private chains with the capability for multi-chain collaboration. Support for adaptive self-optimization and the ability to tweak certain blockchain parameters without creating a hard fork. Ability to evolve alongside users. Suitable to support enterprise and government ecosystems.
  • Value-Added Green Mining – Innovative mining mechanism uses vast computing resources to run Markov-Chain Monte Carlo (MCMC) algorithms. MCMC algorithms have valuable real-world applications. Currently being used in collaboration with Beijing Cancer Research Hospital to improve the speed and accuracy of a cancer diagnosis.
  • Dynamic Delegation Network – Proprietary network hierarchy created with a distributed random clustering process without centralized control enables hybrid PoS + PoW consensus mechanism – dubbed HPoW or Hyper PoW – and reduces transaction latency.
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Matrix AI Network to build an AI-powered commercial weather data platform
Vendor Technology

Matrix AI Network to build an AI-powered commercial weather data platform

12/26/2019
Matrixgreen2
Vendor Technology

Matrix AI Network releases Green Paper detailing its plans to democratize AI

07/01/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version