• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Io.net and Flock.io Announce PoAI – A First-of-Its-Kind Consensus Mechanism

user avatar

by Giorgi Kostiuk

a year ago

  1. A Consensus Mechanism
  2. Ensuring Decentralized Integrity
  3. Strategic Partnerships and Expanding Horizons


    4. Leading decentralized physical infrastructure network Io.net has announced a partnership with AI training platform Flock.io. The result of this collaboration is the introduction of a new consensus mechanism called "Proof of AI" (PoAI), which aims to enhance the integrity of decentralized networks, particularly in the field of artificial intelligence (AI).

    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.

    "PoAI enables decentralized networks to become a more trusted and scalable solution for AI applications," Milan Amin, Chief Marketing Officer at Ionet, stated. "It ensures that honest contributors are fairly compensated, while those looking to exploit the system are effectively deterred."

    Ensuring Decentralized Integrity

    The primary function of PoAI is to substantiate DePIN node integrity in an "AI-native" manner. This means that Ionet’s decentralized network will now have a system for verifying the authenticity of contributions. As a result, 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 Ionet, 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. A few months ago, Binance revealed Ionet as its 55th Launchpool project, with the IO token now available for trading. In addition to its partnership with Binance, Ionet has also teamed up with Aptos Labs. Together, they aim to create a transparent and immutable ledger of resources and creations generated by AI.

    Io.net continues to expand its capabilities in the field of decentralized AI solutions. Central to Ionet’s ecosystem is the IO token, which allows users to access global computing resources and play a crucial role in governance. With ongoing technological improvements and strategic partnerships, Ionet strengthens its market position.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Russell 2000 Index Signals Potential Rise in Risky Assets

chest

The Russell 2000 index indicates growing interest in risk assets, potentially benefiting cryptocurrencies.

user avatarLuis Flores

Bitcoin Price Fluctuates Amid Holiday Trading

chest

Bitcoin's price fluctuated around 88,000, while trading volumes dropped significantly due to the holiday week.

user avatarArif Mukhtar

Growing Institutional Interest in Solana

chest

Solana is experiencing increased institutional interest, with significant net inflows into SOL ETFs totaling $119 million.

user avatarMaria Gutierrez

Japan's 19 Billion AI Initiative Raises Questions

chest

A reported 19 billion national AI project in Japan lacks primary source confirmation, raising concerns about its scope and objectives.

user avatarDavid Robinson

US Bitcoin ETFs Face Nearly $500 Million in Outflows

chest

US-based Bitcoin ETFs faced significant outflows, totaling nearly $500 million in a week due to a decline in cryptocurrency prices.

user avatarJacob Williams

BlackRock's Bitcoin ETF Sees $25 Billion Net Inflows in 2025

chest

In a challenging year for the cryptocurrency market, BlackRock's iShares Bitcoin Trust has recorded a net inflow of approximately $25 billion, showcasing strong investor interest and potential for future growth.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.