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:

“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:
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