Highlights of MANIA
Separation of Ownership and Right to Use
The separation of ownership and right to use is a core feature of MANIA. It guarantees that algorithm models are easy to trade and thus in good liquidity while making sure they are also easy to use by people who are interested in their functionality. There are two types of NFTs: 1. ownership NFT, a token of ownership for the correlating algorithm, and 2. Right-to-use NFT, granting the right to access the correlating algorithm and AI service on MANAS through PPC nodes.
Picture: Separation of the Ownership and Usage Right of an Algorithm NFT
Privacy Layer Structure
The secret to separating ownership and…
NFT
A non-fungible token is a unit of data stored on a digital ledger. Unique and indivisible, it is already widely used for the authentication of intellectual properties, certificates and other paperwork, invoices and receipts, tax documents, in-game digital items, etc. In the future, NFT will continue to transform industries (such as art, gaming, etc.) where ownership authentication is critical.
On Mar. 11th, 2021, Everydays: the First 5000 Days, a collage of 5000 digital images created by Beeple for his Everydays series, was sold at Christie’s for a record-breaking 69.34 million USD. This incident heralds the coming of the digital economy.
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Here is a complete technical guide to running multiple Mining Masternodes on the same machine.
It is recommended to have a machine with at least:
- 8-core CPU (or more)
- 16 GB of RAM (or more)
- Approximately 500 GB of disk space per Masternode (anticipating large storage space as it keeps increasing with time)
- At least 1MB/s internet bandwidth per MasterNode
Key points:
- To launch a Mining Masternode, you must stake at least 10,000 MAN.
- To launch a Validation Masternode (used for pools), you must stake at least 100,000 MAN.
- Each Masternode must have 2 Wallets A and B associated with…
The Value Foundation of AI and Challenges
The value foundation of AI rests on the raw materials necessary for producing it, namely data and computing power, while real social and economic value is created by AI algorithms. Algorithm models are the layer that’s closest to us, as AI applications are only made possible by them. In other words, the value of data and computing power is actualized through algorithm models. Without the models, any amount of computing power is futile.
In the past few years, cheap and efficient computing power (made possible by GPU), a near-infinite storage capacity for big data, an omnipresent deployment of sensors and…
Matrix AI Network Bi-weekly report
Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain.
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The Arrival of the Age of AI
In this age of information and technology explosion, the AI industry is on a fast track seeing ever-growing application in the business world. AI has also become part and parcel of people’s daily life, enabling novel use scenarios such as unmanned transportation, distribution, storage, aerial flights, etc. In medical care, AI can be used to analyze images for assistive diagnoses. AI also has a lot to contribute in agricultural, industrial and public governance scenarios.
Although AI is still in its infancy when it comes to commercialization. AI solutions are estimated to be an industry with a compound annual growth rate…
Did you miss the AMA with APEX and LemoChain held on September 11, 2021? Check out the full transcript below!
Eric Choy:
Hi Matrix Community, today is a special day as we are hosting the first AMA on an ecosystem project, named APEX.
APEX (AI-Powered Exchange) is a decentralized protocol based on Matrix’s AI technology, supporting the minting and cross-chain exchange of multiple algorithmic stablecoins. By integrating AI with algorithmic stablecoins, APEX will create scalable decentralized stablecoins suited for the specific needs of different countries and regions, and support the free exchange among all types of stablecoins.
This tutorial is for educational purposes only, I’m not responsible for any losses, damages, or other liabilities which may occur by using any info/code provided here(or anywhere else it is posted).
I’m under no circumstances a Javascript professional (or a JS Ninja/Expert)!
The code is not production ready! (only for learning purposes)
In this guide, I’m going to show you how to send a MAN transaction (Mainnet).
We will make use of the following packages : ‘aiman’, ‘matrixjs-tx’, ‘bignumber.js.
You can install them by using :
Governance Token – AX
AX is APEX’s governance token. It grants voting power regarding 1. the addition of a new algorithmic stablecoin, 2. the increase or decrease of staking pools and the adjustment of stake percentage, and 3. the extent and frequency of stake percentage adjustments in inflationary and deflationary cycles.
In the genesis stage, a total of 100 million AX will be issued, and for every new algorithmic stablecoin added, an extra 30 million AX will be issued. As the demand for algorithmic stablecoins grows, AX will be on a deflationary trend.
AX’s market value is bolstered by APEX…
Smart Stake Percentage Adjustment
Generally speaking, stablecoins on APEX go through two cycles: the inflationary cycle and the deflationary cycle. In an inflationary cycle, APEX will reduce the percentage of stakes but raise the percentage of AX required to mint an algorithmic stablecoin. While in a deflationary cycle, APEX will raise the percentage of stakes, and people redeeming their AX will get more AX and fewer stakes.
The functions contained in stablecoin contracts will calculate and update the smart adjustment process on an hourly basis, and the percentage of stakes will be adjusted by 0.25% each time. Take AUSD for…
Matrix AI Network
Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain. Website: www.matrix.io Telegram: t.me/matrixainetwork
