Matrix AMA with Crypto Auditorium
Missed the Q&A session between the Crypto Auditorium Telegram Community and the Matrix AI Network on January 04, 2021?
Check out the full transcript below!
A transcript of the Q&A with GigiHadid, Telegram Community Manager at Crypto Auditorium, and Ken, Matrix AI Network Marketing Director.
GigiHadid : Welcome to the Crypto Auditorium @Joker13133276195 (Ken)
Ken :Hi guys！How are you doing？
GigiHadid : Hi ,I’m fine , what about you ?
Ken : Happy new year！
GigiHadid : Awww, same to you.
Should we begin?
Ken :Perfect！Excited to start the AMA
Sure！
GigiHadid : Me too
1.Hi Ken, it’s an honor to have you here. Please introduce yourself and tell us about Matrix AI Network.
Ken : Hello everyone I’m the Marketing Director of Matrix. Today I’m glad to have the chance to talk about Matrix, blockchain gaming, NFT, Metaverse, AI, etc.
Matrix AI Network was founded in 2017. It’s an open-source high-performance public chain built by top-notch Chinese scientists. We hope that with the help of AI, blockchain can solve traditional problems of slow speed, security risks, high entry barriers, and resource waste. We aim to build an easy-to-use, fast, secure, and environmentally friendly blockchain platform and Matrix 1.0 is the product of that ideal. On top of this foundation, we are launching Matrix 2.0, a project that would not be possible without a highly efficient blockchain, to build a decentralized AI ecosystem.
Matrix 2.0 has a few core components. The first part is the basis of Matrix 2.0. This part was completed in Matrix 1.0. We used Matrix’s PoW nodes to build a decentralized cloud computing platform. As we know, computing power is the basis for AI. Neither training new algorithm models nor providing services for users can be done without computing power.
The second component is the digital asset chain. Through blockchain and distributed storage, we authenticate the personal data that users upload, and separate the ownership and usage rights of these data so that users’ data can truly become their own assets. In the future, companies will need to pay to use the personal data of people, and such data can only be used for analysis but not copied.
Federated training is the core technology to separate the usage and ownership rights of data. Now that we have a high-performance decentralized computing network and a quality big data platform, we will naturally attract a large number of algorithm scientists to create AI services. On top of this, we have launched an AI service platform: MANAS.
MANAS is a decentralized AI service platform. With its help, the works of every algorithm scientist can find their way to businesses and customers, and to use these services, clients need Matrix’s computing power. Even better, we have made the entire platform open and accessible through API and SDK. This is to say that anyone can build an AI service platform based on MANAS to serve his/her clients and profit from doing so. The prerequisite for Matrix 2.0 outlined above is an effective tool for intellectual property authentication, and NFT is no doubt a good choice. Therefore, starting from this year Matrix is branching off into NFT.
In contrast to its Chinese counterparts, Matrix is a multinational project. So far, we have an international community of more than 150 thousand members. 1500 overseas nodes are participating in our main net PoW.
Of course, Matrix is not satisfied with our current scale. One of such opportunities is the integration of AI and blockchain gaming. This could be our new focus.
GigiHadid : Say done when answer the question
Ken : Done.Thank you.
GigiHadid : Such a charming and enchanting background and project
Let’s move next.
Ken : Go ahead please !
GigiHadid : 2.How does Matrix use AI to improve the efficiency of the blockchain (or in other words TPS)?
Ken : The efficiency of blockchain is not just affected by our real-world internet speed but more importantly by the consensus mechanism of the blockchain network. Drawing upon the wisdom of our predecessors, we have designed a brand-new consensus mechanism: Hybrid PoW. This is a DPoS+PoW consensus mechanism. PoW can guarantee the security of the entire network. More importantly, we have adopted a random clustering AI election algorithm, which not only solves the security issues of the current DPoS network but also uses AI voting to safeguard against deliberate sabotaging.
Matrix Mainnet has a real-world TPS of 12499. This is a remarkable achievement among other unsharded public chains of the world. We are also very proud of this.
GigiHadid : TPS abbreviation?
Ken : Transaction per second. Done！
GigiHadid : That’s cool !
Dropping next concern..
3.Bitcoin mining is criticized for its resource waste. What is special about Matrix’s mining mechanism?
Ken : Our original intention for designing our mining algorithm and consensus mechanism is to solve the problem of resource waste plaguing traditional blockchains. The waste of Bitcoin is two-fold: On one hand, if Bitcoin were a country, it would be the ninth-largest electrical power consumption in the world, using more power than about 200 countries and regions. On the other hand, Bitcoin mining consumes 70% of the world’s total computing power, which is one million times that of Google. If this amount of computing power were used instead for scientific purposes, it will move society forward by a lot.
We have firstly created a hybrid consensus algorithm, introducing AI on top of the hash. This way for every PoW, part of the resources will be used for socially beneficial computing. In addition, we have abandoned universal PoW. Nodes in Matrix AI Network don’t participate in every mining cycle. For instance, if we have ten thousand nodes, only 32 of them will be selected for each mining cycle, and the remaining 9968 nodes will be idle, and their computing power will be leased out. This way, people who need the computing power will get it at a more affordable price. For these idle nodes, this is an additional source of income to PoW mining.
Moreover, regarding carbon neutrality, we are also experimenting with several related projects. In Xinjiang, we are collecting the heat from computing centers in an insulating liquid. With the help of an AI control hub, this energy can be sent to where it’s needed for central heating.
The picture above shows our pilot project in Xinjiang last winter.
This new technology was used in Dadamutu village school, Ghulja, Xinjiang in the winter of 2020. Throughout winter, the temperature inside classrooms and dorms were above 24 degrees costing only one-third that of conventional furnace heating. This success was acknowledged by the local authority, and we will keep on improving and promoting this technology.
Done
GigiHadid : Interesting information here. Hope this will be improved more..
4rth question…
4.You have mentioned NFT. This is a trending concept. What strategic plans does Matrix have in NFT?
Ken : It works in every winter i believe.
For AI, we have launched a brand new platform: MANART. It has two parts, one of which is AI art. We use AI and machine learning to get AI artists who can create NFTs independently. This is the perfect solution for real-world artists’ distrust for blockchain so that everyone can be introduced into the creative world of NFT.
GigiHadid : So everyone from anywhere can participate…
Ken : Take this painting for example. It was created using our AI. We believe that the introduction of AI will drastically lower the barrier for creating NFTs and involve everyone. At the same time, AI will diversify the art styles of NFT. In western countries, AI art is already becoming a popular form of art and giving life to the digital art market.
The second part will be for AI scientists to mint NFT using the AI algorithm models which they have uploaded to distributed storage. This feature can solve the problem of intellectual property protection in the AI world. This will also be the first time digital assets with practical value are introduced to the NFT world.
Despite the novelty of AI-based arts, provenance and authenticity remain key challenges facing the creative industry. Even today, provenance and authenticity of digital arts have largely been handled by centralized entities (middlemen) such as individual experts or institutions like online marketplaces and auction houses.
At MANART, we believe that Blockchain is a vital solution to address provenance, authenticity, and ownership problems in the digital art space. Blockchain has already made its presence felt across various industries, and the creative industry is no exception.
With distributed ledger technology (DLT), the digital arts sector can now tackle many issues related to transparency, ownership, intellectual property (IP) rights, and forgery. MANART is a Blockchain-powered AI-based art platform. The platform will enable users to create their own digital artists and artworks with AI tools by leveraging GAN and deep neural networks.
GigiHadid : Is there any example for it?
Ken : Once users have created their own digital artists and artworks, they can then mint them on the Blockchain. The platform leverages non-fungible tokens (NFTs), which can represent both the robotic artist in the format of software codes as well as the digital artworks created by these software artists. Because each NFT represents the software artist or individual digital artwork with the creator’s signature on the ledger, any user within the MANART ecosystem can easily track the asset to determine its authenticity and ownership information.
MANART will be developed atop two Blockchains: MATRIX and Ethereum. As an AI-focused Blockchain, MATRIX can significantly boost transaction speeds during training of deep neural networks with decentralized processing and offer compatibility with the interplanetary file system (IPFS) protocol as an essential storage component for NFTs.
On the other hand, most NFTs use either ERC-721 or ERC-1155 token formats, which are Ethereum standards. Ethereum Blockchain is the most popular blockchain that allows digital asset creators and owners to create and monetize their NFTs in a transparent, secure, and immutable manner with its smart contract capabilities. As such, MANART will use the Ethereum network mainly for monetization purposes for minting and trading of NFTs.
To create an open and incentivized ecosystem, MANART will leverage its own MAIN coin as a native token. MAIN is an ERC-20-based utility token that provides governance mechanisms and incentivizes positive behaviours among participants on the MANART network.
Our mission is to democratize the digital art landscape, allowing both experienced and novice participants in digital art to create and monetize their investments.
Done.
GigiHadid :Is there any example for it?
Ken : Now, the painting is available
It can be also used in music according to our plan.
I mean all art field.
GigiHadid : Also in music.
Cool ! Dropping next concern..
5.One of Matrix’s missions is to lower the barrier for blockchain. How do you plan to make this happen?
Ken : The commercialization of blockchain began with Ethereum. One key innovation of Ethereum is smart contracts. Almost every public chain project since Ethereum supports smart contracts. Compared to real-world contracts, smart contracts are not smart enough. To take advantage of smart contracts, one has to know how to program. While anyone who can read or write can use traditional contracts. According to rough statistics, there are only 20 million people who can program in the world, and the number of people who can use Solidity is even fewer. This is to say, smart contracts in their current form cannot benefit the masses and may even be a limiting factor for the blockchain industry. We are trying to introduce AI to make creating smart contracts as easy as writing traditional contracts.
At the same time, we are lowering the entry barrier to AI. Our AutoML platform MANTA is being developed. This month it will begin stage one testing. MANTA is a system of AutoML applications based on decentralized technologies. Simply put, it will help you train the AI algorithm model you need.
The arrival of Matrix will make it much easier to train AI algorithms and deep neural networks. This will attract more algorithm scientists to Matrix, and more creative developers will mean more diversity to Matrix’s AI services. Moreover, a large quantity of AI services competing with each other will have a positive effect on their quality, and users will benefit from more options. All this will lay a solid foundation for MANAS, which will be launched soon. At the same time, the wide adoption of MANTA will create demands for computing power in the Matrix ecosystem. For Matrix miners, this will mean lucrative returns, and more and more users will be interested in becoming computing power providers. The scale of Matrix AI Network as a decentralized computing power distributor will further expand, which will lower our marginal cost and benefit users in the form of more affordable services and computing power. This will be a virtuous cycle.
Done！
GigiHadid : Nice ideas
It’s time for twitter segment..
1.If it comes to wallet security is the utmost need, Because if people feel insecure they wont follow the project and when some trust is lost, u can’t get them back. So how hard u have worked on your project that people will feel only secured and will be of no problem?
Ken : Thanks @CD7978 I’ve picked your question
you can access our wallet.matrix.io, and use the offline mode to make transactions. What’s more in our mining mechanism, you will have two wallets A and B. B is working as a bridge and always empty, the A only receives the mining rewards. So it is extremely safe. Try our wallet，it’s very powerful
Done.
GigiHadid : Seems like very nice !
Next concern coming..
Ken : OK.
GigiHadid : 2. To ensure the stability and growth of the $MAN token, do you implement some mechanisms such as the BuyBack system, you can share with us what other mechanisms and/or systems you implement deployed to provide stability and maintain constant deflation of this token?
Ken : Thanks！@drstrange202
Good question，in the matrix 2.0，there are couple of Dapps using MAN as gas.
For example：
1，when you use the MANAS(Matrix AI service Open Platform), you need man as gas to train the algorithm.
2，The computing power is also paid by MAN as well
…there are many application scenes using the MAN coin
Done.
GigiHadid : Cool ,quick answer
Next coming..
3.As I read that @MatrixAINetwork
mission is to democratise the digital art landscape, allowing both experienced and novice participants in digital art to create and monetise their investments. So What are the steps you’re taking for success of your projects!?
Ken : Thanks @ne_mar124
One of our ecosystem projects AIRTIST uses AI to create artworks. The project is built on the Matrix Mainnet and benefits from Matrix’s computing power and AI structure. AIRTIST takes away professional artists’ monopoly over art creation and gives everyone the opportunity to make his/her own art NFTs with the help of AI.
Done.
GigiHadid : Cool , should move towards next segment
Ready?
It’s live question answer segment @Joker13133276195 (Ken)
Ken : Sure! I’ll pick 3 questions randomly.
GigiHadid : Yeah.
— — Meanwhile, the questions come…. — —
GigiHadid : Time ups. @Joker13133276195 (Ken) please select
Joleen Kendrick : Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
Ken : There will be a game soon
And in the game，many roles are supposed to be NFT，so that’s one sort of NFT in matrix ecosystem.
GigiHadid : 2 more..
Di Tử Hà : I am an EXPERIENCED DEVELOPER AND ETHICAL HACKER, does you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build?
Ken : Great！We are always open to community
And we indeed need more developers around the world.
What’s more, I also propose to team we should consider DAO concept which is really decentralization in my mind.
GigiHadid : One remaining
Ken : questions are flooding
I’ll pick up the last one
GigiHadid : Hehe sure , there are lot of questions
Lorean Anderson : Where i can get all the latest news about ?
Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?
Ken : Good question,we update every movement in Twitter,official web
And use medium youtube to express more details.
GigiHadid : Cool
Share links please !
Ken : @MatrixAINetwork
Our twitter！Thanks，stay tuned！
matrix.io
Official Web
MATRIX AI Network
Share your videos with friends, family, and the world
Our youtube channel！
https://matrixainetwork.medium.com/
Official Medium
GigiHadid : Ook cool , thanks. Thank you for your time, it was fun.
I recommend everyone to join this group for more queries
https://t.me/matrixainetwork
Thank you.
Farooq Haider (admin) : What a great AMA it was .
Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain.
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