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

Ionet and Flock.io Launch New 'Proof of AI' 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. Io.net, a leading decentralized physical infrastructure network, in partnership with Flock.io, a decentralized AI training platform, introduced a new 'Proof of AI' (PoAI) consensus mechanism.

    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. It ensures that honest contributors are fairly compensated, while those looking to exploit the system are effectively deterred.Milan Amin, Chief Marketing Officer at Ionet

    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. 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 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. Binance revealed Ionet 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, 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.

    Ionet is a decentralized physical infrastructure network (DePIN) that specializes in deploying and managing on-demand decentralized GPU clusters from geo-distributed sources to democratize GPU compute capacity, reducing costs, accelerating lead times, and expanding options.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Long Positions Hold a Slight Lead in BTC Perpetual Futures

chest

Long positions in BTC perpetual futures have a narrow majority, indicating cautious optimism in the market.

user avatarElias Mukuru

TRON Maintains Dominance with Increased USDT Transactions

chest

TRON continues to stand out in the blockchain space by focusing on stablecoin transactions, particularly USDT.

user avatarDiego Alvarez

Solana's Onchain Activity Declines Significantly

chest

Onchain activity on Solana has seen a notable decline, with active addresses and transactions dropping significantly, reflecting decreased demand.

user avatarKenji Takahashi

Upbit Suspends SEI Deposits and Withdrawals for Network Upgrade

chest

Upbit has announced a temporary halt of SEI deposits and withdrawals to facilitate a crucial network upgrade for the Sei blockchain.

user avatarMaria Fernandez

Market Dynamics: Derivatives vs Spot Investors

chest

The current market dynamics reveal a tug-of-war between derivatives traders and spot investors, impacting Bitcoin's price movement.

user avatarGustavo Mendoza

Standard Chartered and Ant International Unveil Blockchain Tokenized Deposit Solution

chest

Standard Chartered Bank, in partnership with Ant International, has launched a blockchain-based tokenized deposit solution to enhance liquidity management.

user avatarRajesh Kumar

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.