• 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

Tether Processes $156 Billion in Small Transactions in 2025

chest

Tether has processed a remarkable $156 billion in transactions of $1,000 or less in 2025, indicating a significant rise in retail adoption of stablecoins.

user avatarMiguel Rodriguez

USDT Dominance Rejected at 65 Resistance, Signaling Potential Altseason

chest

USDT dominance was rejected at the 65 resistance level, indicating potential capital inflows into altcoins.

user avatarLuis Flores

Cryptocurrency Market Rebounds with Bitcoin and XRP

chest

The cryptocurrency market is rebounding, with Bitcoin reclaiming the 87,000 price level and XRP rallying 56% in daily charts.

user avatarArif Mukhtar

Delaware Supreme Court Restores Elon Musk's $56 Billion Compensation Package

chest

The Delaware Supreme Court reinstated Elon Musk's $56 billion pay package from 2018, reversing a previous ruling that deemed the approval process rigged.

user avatarAndrew Smith

Delaware Supreme Court Awards $545 Million in Legal Fees in Musk Pay Case

chest

The Delaware Supreme Court awarded $545 million in fees to the legal team representing shareholder Richard Tornetta after reinstating Elon Musk's $56 billion pay package.

user avatarMaria Gutierrez

US Federal Reserve Launches New Liquidity Program Amid Concerns

chest

The US Federal Reserve has launched a new program called Reserve Management Purchases (RMP) to inject $40 billion into money markets, raising concerns about potential hidden inflation and wealth transfer.

user avatarDavid Robinson

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.