Matrix AI Network

Matrix AI Network

MAN
$0.035024448%-0.47

Key Metrics

Price$0.035024448
Real Volume (24H)$240,776.55
Marketcap$15,565,838.44
Fully Diluted ValuationN/A
ATH$2.08
ATH Date5/3/2018, 10:11:54 PM
ATL$0.00349726
ATL Date10/2/2020, 11:28:34 PM
Circulating Supply150M
Total Supply250M
WebsiteN/A
WhitepaperN/A
Popularity Rank1183
Chart
What is Matrix AI Network?

MATRIX AI Network (MAN) is a cryptocurrency that combines artificial intelligence and blockchain technology. It was developed to allow users to utilize MAN tokens for rewards, payments, and virtual asset authentication. The platform uses a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Stake (PoS).

In this hybrid mechanism, the PoW mechanism is executed in a smaller network of representatives chosen with a randomly distributed voting algorithm. The chances of a node being picked are proportional to the PoS. The delegate who is chosen to generate the next block shares the PoW prize with other nodes in its cluster. The platform allows transaction validators, block-generating miners, and users to acquire MAN tokens as a reward. From leasing extra computing ability to purchasing AI services on the network, everything can be settled in MAN.

One of the most notable advantages of MAN is that users of smart contracts do not need to learn how to code with a programming language. The coin only requires the user to type in the intent of the contract, such as input, output, and transaction requirements, as a script. This simplifies the process of creating smart contracts and makes it accessible to more people.

AI plays a crucial role in shaping MATRIX as a smart blockchain. The platform uses AI-based tools to improve the security infrastructure of the blockchain. The security infrastructure of MATRIX includes a rule-based syntactic and semantic analysis tool for smart contracts, a formal validation toolkit to verify the security aspects of smart contracts, an AI-based detection machine for transaction sample identification and security verification, and a deep learning-based platform for diligent security verification and improvement.

In addition, users can convert their computing power, algorithmic prototypes, or AI artworks into virtual assets by burning a specific quantity of MAN in the casting of NFTs. Coin burning is a process where cryptocurrency miners and creators terminate a specific quantity of coins from circulation to regulate its price.

Owen Tao, who holds a dual bachelor's degree in economics and physics from Peking University, is the CEO of MATRIX AI Network. The platform has gained popularity due to its unique combination of AI and blockchain technology, making it a popular choice among users.

In conclusion, MATRIX AI Network is a unique platform that combines the benefits of AI and blockchain technology. Its hybrid consensus mechanism, simplified smart contract creation process, and AI-based security infrastructure make it a popular choice among cryptocurrency users. Its ability to allow users to convert their computing power, algorithmic prototypes, or AI artworks into virtual assets by burning a specific quantity of MAN in the casting of NFTs makes it an attractive platform for creators and developers.

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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