• 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

2 years 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

Grant Cardone Boosts Bitcoin Investment Amid Real Estate Deal

chest

Grant Cardone announces a $100 million investment in Bitcoin as part of a $235 million real estate deal, aiming to accumulate 10,000 BTC by 2026.

user avatarMaria Fernandez

White House Aims for Clarity Act Passage by July 4

chest

The White House has outlined a timeline for the Clarity Act, aiming for its passage by July 4.

user avatarKenji Takahashi

Theft of Cryptocurrency from US Marshals Service Raises Security Concerns

chest

Theft of cryptocurrency from US Marshals Service raises security concerns.

user avatarGustavo Mendoza

Colombian President Proposes Bitcoin Mining Hub on Caribbean Coast

chest

Colombian President Gustavo Petro proposes to create a Bitcoin mining hub on the Caribbean coast, inspired by Paraguay's success, aiming to utilize renewable energy and include Indigenous communities.

user avatarRajesh Kumar

Bitcoin Price Surge Triggers Major Liquidations in Derivatives Market

chest

The recent price uplift of Bitcoin has resulted in significant liquidations within the derivatives market, with over 200 million in liquidations primarily affecting short positions.

user avatarMiguel Rodriguez

Altcoin Market Cap Stabilizes After Correction

chest

The total crypto market cap for altcoins is attempting to stabilize after a prolonged corrective phase, indicating potential accumulation.

user avatarLuis Flores

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.