AI Network

AI Network

AIN
$0.02049764%-1.55

Key Metrics

Price$0.02049764
Real Volume (24H)$82,804.79
Marketcap$5,237,495.36
Fully Diluted ValuationN/A
ATH$0.1193833254
ATH Date3/28/2022, 7:35:00 PM
ATL$0.00377945
ATL Date11/29/2022, 2:29:40 PM
Circulating SupplyN/A
Total SupplyN/A
WebsiteN/A
WhitepaperN/A
Popularity Rank1514
Chart
What is AI Network?

AI Network (AIN) is a decentralized cloud computing infrastructure that aims to revolutionize the decentralized application economy, particularly for AI programs. The platform leverages blockchain technology to provide secure access and transparent and incentivized protocols for developers and resource providers. This article aims to explore the features and benefits of AI Network and its token, AIN, as well as its potential impact on the future of AI-powered DApps.

AI Network blockchain is a decentralized cloud computing architecture that enables the transformation of text-based open-source projects into live services or open resources. The platform provides a marketized incentive protocol and secure access for heterogeneous cloud environments for open-source artificial intelligence projects. Developers can upload their programs on the open network, while resource providers focus on program operation and revenue sharing. This shift to open resources enables composability and interoperability of solutions to be significantly improved, allowing for larger scale applications and programs.

Moreover, the AI Network blockchain enables asynchronous transactions, higher transaction throughput, and serverless computing on blockchain. An open AI marketplace called ‘Ainize’ allows developers to deploy any open-source AI projects and turns them into live apps or AI instituted microservices for auto-scaling with a simple configuration.

The AIN token is an ERC-20 utility token that allows access to services available on the blockchain. Tokens can secure stable resources as service qualities such as real-timeliness, and microtransactions and prevention of price fluctuations are reduced with payments made through AIN in batches. The token incentivizes early participation, staking, and resource provision, thereby facilitating the development of the AI Network blockchain.

The AI Network blockchain is governed by a consensus among the network's validator nodes, developers, and resource providers. This mechanism seeks to ensure that coin minting continues until the total computing power in the AI Network has grown enough to warrant the minting of additional coins. Coin burning occurs when total computing power utilized throughout AI Network services has degraded significantly, leading to a decrease in the availability of tokens and an increase in their market value.

AIN tokens are for AI-powered DApp developers regarding contribution to the network using blockchain technology. Computing resource providers, AI solution providers, and AIN token holders seek to earn rewards by staking as incentives for early participation. Besides this, the platform seeks to allow token holders to earn extra rewards from the monthly compounding yield at approximately 26% annually.

In conclusion, AI Network is a blockchain-based infrastructure that seeks to revolutionize the decentralized application economy, particularly for AI programs. The platform enables developers to upload their programs on the open network, while resource providers focus on program operation and revenue sharing. Additionally, AI Network blockchain enables asynchronous transactions, higher transaction throughput, and serverless computing on blockchain. AIN token incentivizes early participation, staking, and resource provision, thereby facilitating the development of the AI Network blockchain.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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