Io.net, a leading decentralized physical infrastructure network (DePIN), partnered with Flock.io, a decentralized AI training platform, to introduce 'Proof of AI' (PoAI) on August 29, according to a CoinTelegraph report.
A Consensus Mechanism
Unlike traditional consensus mechanisms that primarily validate transactions, PoAI focuses on verifying the integrity and performance of compute resources within decentralized networks. As a result, only genuine contributors are rewarded, while those who simulate contributions are penalized.
Ensuring Decentralized Integrity
The primary function of PoAI is to substantiate DePIN node integrity in an 'AI-native' manner. This means that Io.net’s decentralized network will now have a system for verifying the authenticity of contributions. In this way, the network is reportedly more secure and reliable for businesses and developers who want to provide decentralized AI solutions. The implementation of PoAI will compile node judgments within Io.net, providing a transparent and immutable record of resource contributions.
Strategic Partnerships and Expanding Horizons
The introduction of PoAI follows that of Io.net’s recent strategic partnerships and developments. Binance revealed Io.net as its 55th Launchpool project a few months before this announcement, with the IO token now available for trading. In addition to its partnership with Binance, Io.net has also teamed up with Aptos Labs. Together, they aim to create a transparent and immutable ledger of resources and creations generated by AI.
Central to Io.net’s ecosystem is the IO token, which allows users to access global computing resources and plays a crucial role in governance. A fixed supply of 800 million tokens will gradually be distributed over 20 years to encourage long-term participation and network stability.
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