Understanding Tokenomics

Tokenomics is an amalgamation of ‘tokens’ and ‘economics.’ It refers to the blend of factors that determine a token’s distribution, value, and how it operates within its ecosystem. The components of tokenomics include supply, distribution, utility, and demand. These elements are crucial for investors to make informed decisions, as they significantly impact a cryptocurrency’s market performance and potential for growth.

Case Study: A Comparison

Consider Bitcoin and Ethereum, two titans in the crypto world, each with distinct tokenomics. Bitcoin’s capped supply of 21 million coins instills scarcity, driving its value. While not capped, Ethereum has introduced mechanisms like EIP-1559, which burns a portion of transaction fees, adding a deflationary aspect to its economics.

Key Factors of Successful Tokenomics

Supply Management

Cryptocurrencies can have a fixed supply, like Bitcoin, or an inflationary one, where new tokens are continuously created. A fixed supply can create scarcity, potentially increasing value over time, provided demand remains steady or grows. In contrast, an inflationary supply can deter devaluation from oversupply but might dilute the value if not managed carefully.

Distribution

How tokens are distributed plays a pivotal role in a cryptocurrency’s acceptance and stability. An equitable distribution can prevent market manipulation and encourage a more decentralized network. Conversely, a concentration of tokens among a few can pose risks of centralization and manipulation.

Utility

A token must have a clear utility within its ecosystem. Whether used for transactions, governance, or access to specific features, the utility ensures that a token remains relevant and in demand. The absence of utility can reduce a token to a speculative asset vulnerable to market volatility.

Demand

Sustaining demand is crucial for a token’s long-term viability. Partnerships, real-world applications, and continuous development contribute to sustained demand. A cryptocurrency that solves real-world problems or offers unique advantages will likely maintain or grow its user base.

Case Studies of Cryptocurrencies with the Best Tokenomics

Case Study 1: Bitcoin

Bitcoin exemplifies the strength of capped supply tokenomics. Its diminishing supply, due to halving events, coupled with increasing adoption, has historically driven its price upwards, showcasing the effectiveness of scarcity-driven value.

Case Study 2: Binance Coin (BNB)

BNB illustrates the power of utility in tokenomics. Initially used for discounted trading fees, its utility has expanded across the Binance ecosystem and beyond, sustaining its demand and value.

Case Study 3: Yearn.finance (YFI)

YFI’s innovative distribution, where all tokens were distributed to users without a pre-sale or team allocation, exemplifies fair distribution and has fostered a strong, engaged community, contributing to its success.

Evaluating Tokenomics for Investment

When considering a cryptocurrency investment, evaluate its tokenomics by examining:

• The total and circulating supply and how it’s managed.
• Distribution mechanisms and whether they promote decentralization.
• The clear utility within the ecosystem.
• Factors driving demand and potential for sustained interest.

Awareness of pitfalls, like opaque token distribution or lack of utility, can prevent investment missteps.

Future Trends in Tokenomics

The future of tokenomics will likely see innovations that enhance transparency, inclusivity, and sustainability. Concepts like DAOs (Decentralized Autonomous Organizations) and token-based governance models push the boundaries of how economic principles apply in decentralized settings.

Conclusion

In the intricate tapestry of the cryptocurrency market, tokenomics emerges as a cornerstone, profoundly influencing the success and longevity of digital assets. This concept extends beyond mere numbers and specifications; it embodies the economic heartbeat of a cryptocurrency, dictating its functionality, appeal, and potential for enduring relevance in an ever-evolving digital landscape.

A cryptocurrency’s tokenomics is a multifaceted blueprint that investors, developers, and enthusiasts meticulously examine to gauge its viability and prospective growth. It’s a blend of art and science, where the supply dynamics, distribution strategies, utility, and demand drivers must harmoniously align to foster a robust and sustainable ecosystem.

The case studies of Bitcoin, Binance Coin, and Yearn.finance underscore the diversity and innovation in tokenomic models, illustrating how distinct approaches can lead to success in the crypto realm. Bitcoin’s capped supply exemplifies the allure of scarcity, Binance Coin demonstrates the power of utility expansion, and Yearn.finance highlights the impact of equitable distribution on community engagement and asset value.

As we look to the future, the evolution of tokenomics promises to introduce more sophisticated and equitable models, reflecting the growing maturity of the cryptocurrency sector. Innovations such as decentralized finance (DeFi) and non-fungible tokens (NFTs) are already showcasing new applications and dimensions of tokenomics, expanding the horizons of what’s possible within this digital asset class.

A profound understanding of tokenomics is indispensable for those navigating the cryptocurrency landscape. It serves as a critical lens through which to assess the potential and pitfalls of digital assets, empowering stakeholders to make informed decisions in a market known for its volatility and innovation.

In conclusion, tokenomics is not just a foundational aspect of cryptocurrency; it’s a dynamic and evolving field reflecting broader shifts in economics, technology, and society. As the digital and physical worlds continue to converge, the principles of tokenomics will increasingly influence not just the future of money but also the broader contours of global commerce and interaction. Thus, delving deep into tokenomics is not merely a pursuit of financial insight but a journey into the future of decentralized economies and their potential to reshape our world.

Additional Resources

To deepen your understanding of tokenomics and stay informed about the latest trends, consider exploring academic journals, cryptocurrency analysis platforms, and blockchain news websites. Engaging with the community through forums and social media can also provide valuable insights and diverse perspectives on the ever-evolving world of cryptocurrency tokenomics.

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The architecture of Polkadot is ingeniously branched into two components: relay chains and para chains. The relay chain acts as the backbone, handling and processing all transactions within the network. In contrast, the para chain represents an expansive ecosystem where users or entities can operate independent blockchains. This dual-layered structure not only enhances efficiency but also fosters an environment of interoperability and collaboration.

Distinct from its contemporaries like Ethereum or ATOM, Polkadot doesn’t position itself as a direct competitor. Instead, it focuses on facilitating cross-chain communication and interoperability. This forward-thinking approach aims to enable various blockchain applications and products to seamlessly operate within the Polkadot ecosystem, paving the way for future blockchains to integrate and interact without barriers.

The brain behind Polkadot: Dr. Gavin Wood’s vision

The visionary behind Polkadot is none other than Dr. Gavin Wood, a prominent figure in the cryptocurrency world, best known for co-founding Ethereum. His journey didn’t end there; driven by a vision to enhance the crypto space, Dr. Wood embarked on creating Polkadot. His goal? To enable seamless communication among diverse blockchains, addressing a critical need for interoperability.

Dr. Wood’s contributions to the crypto world extend beyond Polkadot. He is also the founder of Web 3 and Parity, which are integral to the development of Web 3.0 – envisioned as the new Internet of value. This innovative layer aims to redefine online interactions, placing a premium on decentralized and user-centric experiences.

Another notable achievement of Dr. Wood is the creation of Solidity, a programming language that has become a cornerstone in blockchain development. Used by Ethereum and various other projects, Solidity underpins a multitude of decentralized applications, further cementing Dr. Wood’s status as a pioneer in the field.

Navigating Polkadot wallets: hardware and web options

When it comes to storing and managing DOT, choosing the best wallet for Polkadot is paramount, users have a range of wallet options, each catering to different needs and preferences. Let’s dive into the two popular choices: hardware wallets and web wallets.

Hardware wallets: the Fort Knox of Polkadot storage

A hardware wallet is a tangible device, roughly the size of a small smartphone, that securely stores your private keys offline. This type of wallet is akin to a digital safe – your assets remain inaccessible to online threats. Brands like Ellipal Titan even offer air-gapped security systems, completely isolating the wallet from external connections like WiFi or Bluetooth.

Pros:

• Enhanced security due to offline storage.
• Protected by PIN codes, adding an extra layer of security.

Cons:

• Less convenient for frequent traders due to the need to connect to a main device for transactions.
• Higher initial cost, with premium options like Ledger Nano starting at $70.

Web wallets: streamlined access to Polkadot tokens

Web wallets offer a more accessible approach. These wallets are available either as browser extensions or through websites, eliminating the need for additional software installations.

Pros:

• User-friendly, requiring no software installation.
• Ideal for users who transact frequently, providing quick access to funds.

Cons:

• Potentially less secure, as they’re more susceptible to online threats.
• Reliant on password strength and two-factor authentication for security.

Desktop and mobile wallets: flexibility in your hands

Polkadot’s ecosystem extends to desktop and mobile wallets, each offering a unique blend of convenience and security. Let’s explore these options and their respective advantages and challenges.

Desktop wallets: a balance of security and accessibility

Desktop wallets are software applications installed directly on your computer. They offer a middle ground between the high security of hardware wallets and the accessibility of web wallets.

Pros:

• Enhanced security, as private keys are encrypted and stored on your own computer.
• Functions as a cold wallet when the desktop is offline, adding an extra layer of security against online threats.

Cons:

• Vulnerable to cyber-attacks if the computer is constantly online.
• Risk of loss if the computer or hard drive fails, underscoring the importance of having a backup of your recovery seed phrase or private keys.

Mobile wallets: your Polkadot hub on the go

Mobile wallets are similar to desktop wallets but are designed for smartphones and tablets, providing on-the-go access to your Polkadot tokens.

Pros:

• Convenient for managing and sending DOT tokens anywhere.
• Like desktop wallets, they encrypt sensitive information on the device, reducing reliance on third-party security.

Cons:

• Increased risk due to interaction with public networks and potential physical damage or loss of the mobile device.
• The cost of repairing or replacing a mobile device can be significant, highlighting the need for secure backups.

CryptoStake DOT wallet: security meets simplicity

The CryptoStake app stands out in the Polkadot ecosystem for its commitment to both user-friendliness and robust security. This wallet, specifically designed for Polkadot’s native token, DOT, brings a harmonious balance of aesthetics, ease of use, and formidable security measures.

User-friendly interface

CryptoStake has been crafted with a minimalistic yet appealing design, ensuring that both novice and seasoned cryptocurrency users can navigate it with ease. The intuitive interface simplifies the process of managing DOT tokens, making it an ideal choice for those new to the world of crypto. For a detailed insight, consider reading a cryptostake review to understand its features and benefits better.

Uncompromising security

At the heart of CryptoStake’s design philosophy is an unwavering focus on security. The development team has built a strong defensive wall around the Polkadot wallet app infrastructure, safeguarding users’ funds against potential breaches. This commitment to security was validated by a perfect score in a stringent test by Hacken specialists, reassuring users of the wallet’s reliability.

Staking and APY benefits

Apart from storing and managing DOT, the CryptoStake Polkadot wallet for staking also offers competitive Annual Percentage Yields (APYs). This makes it an attractive option for users looking to earn returns on their DOT holdings, alongside managing other cryptocurrencies like Ethereum (ETH) and Cosmos (ATOM).

Getting started with CryptoStake: setting up and staking

Setting up and beginning to use the CryptoStake app for Polkadot is a straightforward process, designed to be accessible for users of all levels of technical expertise.

Step-by-step setup:

1. Download and Installation: The CryptoStake mobile application is available for download from the Apple Store for iOS users and directly from the official website for Android users. Follow the simple installation instructions to get started.
2. Account Creation: Secure your account with a 12-word recovery phrase, crucial for accessing the platform in case of any issues. Then, set up a strong password to protect your account, ensuring a layer of security without the need for personal information.
3. Adding Polkadot to Your Wallet: Once installed, access the wallet feature within the app and select Polkadot. Easily top up your wallet with DOT via a seamless transaction process.
4. Sending and Receiving DOT: The app enables you to send DOT with a simple tap, or receive more coins by sharing your wallet address with others.

Staking your DOT

Staking Polkadot in the CryptoStake app is effortless. Locate the staking option within the app, find DOT among the options, and select “Stake.” Ensure you meet the minimum staking threshold to participate. The wallet offers competitive Annual Percentage Yields (APYs), making it an attractive choice for users looking to maximize their returns.

Safety and reliability

The CryptoStake wallet’s safety credentials are solid, underscored by a comprehensive security test conducted by Hacken. Scoring a perfect 10 out of 10, it assures users of a secure environment for their digital assets.

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The language, as well as the appropriate currency, is selected automatically, depending on the location of the user. For example, for a US resident, the site will initially open in English.

The service has accounts in social networks Twitter, Facebook, and others. Important news of the site are published there, for example, about technical works, about any innovations and updates. There you can also find comments and feedback from users, or contact technical support.

The service was launched in 2014. The company is registered in the city of Ljubljana, the capital of Slovenia. Serious updates of the site are regularly carried out. Developers improve the user interface, add help, introduce additional functionality.

The site offers users to earn money with the help of an affiliate program. Access to it opens after creating an account. It is necessary to inform tech support about the resources where you plan to place links. The administration of the resource can approve or reject your proposal. In case of success, you will be given access to graphic materials that can be placed on the site or in a blog. Your potential earnings will amount to about 5% of all funds that will be able to attract with the help of invited users. A small bonus of 0.000005 BTC will also be credited once.

The service has had some bad days. For example, at the end of 2017, the service was hacked and a large amount of bitcoins was stolen. The company announced this on Twitter. Many users then complained about interruptions in the work of the service. Someone did not have the site opened, making it impossible to get account information, and someone had difficulties with the fact that Nicehash miner does not start.

You can calculate the potential profit from investments with the help of a special calculator. It is available on the official website. The data that the calculator provides is based on the profitability of other users with the same equipment – that is, it is considered as accurate as possible. Pool members sometimes report that the calculator does not work, and communication with it is interrupted. In this case, it is worth waiting and trying to make a prediction in a few minutes.

The mining calculator is very easy to use and, unlike other similar services, does not require specifying the technical characteristics of the equipment. All you need to know is the model of the device that will be used for mining cryptocurrencies. Next, you need to specify the currency that suits you, the cost of one kilowatt of electricity at your tariff. This data will be enough to calculate the potential profit for a day, a week. All payments are made in bitcoins, so the conversion to currency is done at the current exchange rate.

Reviews of users of the miner indicate that it is a great solution for beginners in this field. Allows you to engage in cryptocurrency mining without having to understand a huge number of settings and nuances. However, the service has its own disadvantages. The main one is considered to be the lack of payments in any currencies other than Bitcoin. Everyone knows that this currency, although it is the main currency, but has a number of disadvantages. For example, transactions are too expensive, and it takes a long time to wait for their full confirmation in the blockchain. In addition, some users would like to receive rewards in the currency they are mining, but they can not or do not want to use other software.

The main advantages of this miner are: support for all the most popular algorithms, the ability to work on GPUs from AMD Radeon or Nvidia, and CPU mining is also supported. The program can independently decide to enable dual-mining, if it is beneficial at the moment. The software runs on 32- and 64-bit systems, but some algorithms only work on 64-bit systems. You should make sure that the bitness of your operating system is appropriate if you plan to use these algorithms. However, it is still not recommended to use Nicehash miner 32 bit if you do not want to see messages that Nicehash does not see your video card/processor. The older the software version, the more likely it is that it is not mining as it should.

Nicehash miner legacy source files can be found on github. It should be noted that more than one virus and mining bot has been created based on this software.

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Features of BFGMiner program

The BFGMiner program is very popular among all types of market players: both professionals (who have long been “tied” to mining and steadily mining coins) and beginners. What is the reason for such great popularity? On the one hand, it is the simplest console program, but it has a very interesting feature – the ability to interact with FPGA-devices. And not every program can boast just such characteristics.

In addition, from the features we can note the following:

• Allows you to work (carry out mining) on devices of different spectrum: CPUs, graphics adapters, Asics and FPGA systems;
• A very large selection of keys, with which you can customize the program properly;
• BFGMiner is a real opportunity to control the frequency of the coolers as well as the speed of their rotation. The efficiency of the cooling system is very important, the quality of mining depends on it. If you monitor these issues, you can earn quite a lot of tokens;
• High performance. If you look at other programs (alternative format), you can make a very simple conclusion: BFGMiner offers, indeed, very high efficiency of its work.

How to set up the BFGMiner program correctly?

Setting up any mining program is quite a complicated process (especially if you are doing it for the first time). First of all, you will need to start your own cryptocurrency wallet, and after that you will need to register on a mining pool. To do this, simply type the name of the wallet (any) + pool into the search engine. You can choose what you like.

Immediately after you have passed the registration, you should download the program from the official website. After downloading, we get an archived folder, from which we must “get” all the files and save them in a separate folder. Next, we create a file, which will have the extension *.bat. The name of the file is arbitrary (the main thing is that in the future you will not forget what this file is).

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This mining program is considered a good choice for beginners, but it is also suitable for experienced ones. It allows remote control from a smartphone or other PC on the network, and works with a lot of fine-tuning to maximize results. But there are some useful features that don’t require customization – for example, automatic detection of network devices.

The program shows notifications if there is an opportunity to switch to more profitable coins for mining at the moment. Experienced users can make up entire strategies for automatic mining. Thanks to integration with online platforms, information about coins is always up to date.

In MultiMiner you have the possibility to choose the intensity of mining by time or depending on the workload of the equipment. There is also a mobile app with which you can remotely control the miners from your mobile device. Plus the miner has a daily profit forecasting feature.

The miner notifies you immediately when there is an opportunity to switch to more profitable coins for mining at the moment. Experienced miners can even build entire strategies and algorithms to make mining happen automatically. And the presence of integration with many online platforms, gives the opportunity to always be aware of the current coins.

So, let’s summarize the results.

• The main advantages of the program:
• Convenient and simple interface.
• Ability to use different mining strategies.
• Integration with online platforms.
• Ability to manage several devices simultaneously.
• Ability to mine almost any coins.
• Profit forecasting function.
• Suitable for both beginners and experienced miners.

Disadvantages:

• No obvious disadvantages have been identified.

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It supports AMD and NVIDIA GPUs as well as CPU-based mining. You can choose between pooled mining and single mining – the program includes several mining pools to choose from. EasyMiner automatically applies SSE2, AVX and AVX2 instructions if they are available.

Features :

• bitcoin, litecoin, dogeecoin, altcoins, cpuminer, cpuminer 64, bitcoin, bitcoin miner, bitcoin miner, cpu miner, cudaminer, cgminer, gpuminer (gpu miner), proxy for stratum mining.
• Supports Stratum and sha256 mining protocols
• Tested on multiple systems including Windows

EasyMiner simplifies cryptocurrency mining by providing maximum transparency regarding its chosen log viewer.

EasyMiner is a graphical shell for minerd, cudaminer, ccminer, cgminer. It also supports ASIC mining based on cgminer ports. Runs on Windows only. Can function in one of two modes:

Classic – you can mine any cryptocurrency in any selected pool.
Moneymaker – mining Litecoin in its own pool stratum. Only in this mode is available statistics and EasyMiner wallet.

The second method is considered simpler and more efficient, it is automatically activated when the program is first launched. Earnings from mining lightcoin are updated in the wallet every two hours and when they reach 0.01 LTC they are transferred to the LTC address created in the settings.

You can only mine with EasyMiner on video cards using Radeon or Nvidia devices. Moneymaker mode is available only for LTC, for mining other cryptocurrencies you should use the classic mode.

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DeepBrain Chain offers a decentralized computing network and platform for various artificial intelligence products.

It is essentially a platform designed to compute data and trade data to allocate spare computer resources. This will ultimately require much higher AI computing costs (the project estimates a 70% reduction in AI costs), protecting against data leakage as well as providing intellectual property for products and data.

In addition, another critical element is the DeepBrain semantics library: a library that supports voice interaction applications (similar to Amazon’s Alexa). The DeepBrain semantics library can also be used to create third-party applications that require voice, graphical, textual, and other inputs.

DeepBrain Chain capabilities

Making models for artificial intelligence requires the computation of a neural network. For this, the process of training a data model consumes a large amount of computational resources. To achieve a better product index, AI products need more data for training and as a result more computational resources are required.

This leads to many manufacturers having to invest a lot of money to buy GPUs, FPGAs, and other hardware resources, which directly leads to a rapid increase in a chip provider’s stock price, such as NVIDIA’s stock price.

Using Blockchain technology, DeepBrain Chain aims to provide a low-cost, private, flexible, secure and decentralized artificial intelligence computing platform for artificial intelligence products.

The founding team believes that DeepBrain Chain has already demonstrated precedent in the existing market, has the potential to scale in the giant market, and will be able to gradually grow around its core business of shared storage and mining computing power mechanism.

Each DBC token corresponds to a calculated service value. This means that the token is tied to real value, and if DeepBrain Chain is able to move this ambitious project forward, investors could see some pretty substantial dividends.

If DeepBrain Chain can establish itself as a pioneer in the blockchain-based AI space, it will have a substantial footing in a potentially trillion-dollar industry. Experts predict that the role of artificial intelligence will continue to grow as new AI applications emerge.

The AI industry is currently worth around $20 billion a year, with most of the cost spent on processing computation. This is where DeepBrain Chain seems to fit in, as it utilizes blockchain to reduce costs and increase transaction speeds.

What does DeepBrain Chain offer?

• Low cost : DeepBrain Chain aims to reduce the cost of hardware input, as the GAS fee that every enterprise requires is much less than the internal fee.
• Optimization : DeepBrain Chain is currently optimized on the CUDA GPU and plans to connect to an existing core deep learning system such as TensorFlow, Caffe, CNTK …
• Highly Competitive : DeepBrain Chain uses unique load balancing technology, each node container can communicate with each other to share pressure.
• Privacy . Utilizing smart contract, blockchain technology allows data ownership and usage rights to be separated.
• Flexible computing : Frequency during peak hours can be 10 times higher compared to non-peak hours. DeepBrain Chain can automatically adjust automatically by fast replication to multiple idle nodes during peak hours.

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An artificial intelligence that understands the meaning of a fictional work or legal document could be profitable because it would theoretically be able to perform some of the same tasks that humans do. For example, artificial intelligence in a self-driving car could choose its own route and deliver cargo and passengers. Such systems could be successfully used in urban public transport and long-distance transportation.

By and large, AI can be involved in very many spheres. However, experts believe that it will take decades to develop artificial intelligence that will fully think like a human.

One of Singularity Net’s goals is to develop AGI artificial intelligence and decentralize it, making it accessible to everyone. The developers want to create a framework for the emergence of decentralized human-level intelligence and publish the source so that everyone can participate in its creation.

Technical Features

Singularity Net’s main product, AI Marketplace & AI Publisher, is an ever-growing library of AI algorithms. The core of the platform is the marketplace. Developers can buy AI, as well as create and sell AI through the platform. All transactions are paid for with the SingularityNET (AGIX) cryptocurrency. In addition, they hope to create an AI training feature.

Helping the developers is the scalable OpenCog Hyperion open source general intelligence system built on OpenCog software. The creators of SingularityNET (AGIX) hope that OpenCog Hyperion will be able to support a variety of AI strategies and methods. Specifically, they want to utilize evolutionary learning, machine learning, and attention allocation.

Ecosystem

While laying the groundwork for AGI, SingularityNET is also launching an ecosystem of organizations that will fuel the platform with artificial intelligence services and enable mass adoption of the AGIX token. These spinoffs are being developed in a number of strategically selected vertical markets that include DeFi, robotics, biotech and longevity, gaming and media, arts and entertainment (music), and enterprise-level AI.

SingularityNET token holders can support the project by posting AGIX tokens. Users post tokens through the portal for 30 days. AGIX users can earn rewards and participate in the management and governance of the platform.

The Singularity Net bridge allows users to transfer AGIX tokens to other blockchains. However, it currently only supports Ethereum and Cardano blockchains. There is another token in the system which they call NTX, it can work with both Ethereum (ETH) and Cardano (ADA) blockchains. Hence, Singularity Bridge allows users to buy AI with ERC-20 and ADA tokens. In the second phase, users can exchange AGIX tokens one-to-one through Ethereum and Cardano chain.

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The rendering network is designed to connect customers and users who want to earn money by performing rendering tasks. The Render Token Marketplace is an ideal place for a secure meeting place for processing power providers and developers of 3D models, holograms, virtual reality scenes and other video content.

The Render Token cryptocurrency is designed to lower the cost of rendering using cloud-based GPUs to make it more affordable for artists. And also to extend the scalability of the network to enable holographic images. This year, Render integrated artificial intelligence technology to improve performance, and added new NFT functionality.

The history of the emergence of the Render Token

The Render blockchain network was founded in 2016 by Jules Urbach. It is a de facto “daughter” company of the graphics company OTOY. The company itself was founded in 2009. It provided services to provide software solutions for in the creation and delivery of digital content such as video games and movies.

At first, the only way to do the complex rendering work for big projects like Avatar or Transformers was through an expensive visual effects studio. Rendering was taking up huge amounts of time, money and storage space. The company’s founder envisioned a future where anyone could have an easy path to real-time cloud technology.

The model of mutual settlements in crypto-tokens for video content processing services in a peer-to-peer network was developed by OTOY managers back in 2009, but its realization became possible only after the launch of the Ethereum blockchain project. Private sales of the cryptocurrency Render Token (RNDR) started in October 2017, and on cryptocurrency exchanges this asset appeared only three years later, when the main network was launched.

Technical features, principle of operation

Owners of GPU devices connect them to the network to receive and execute rendering tasks with OctaneRender. After registering their hardware, they become node operators and can earn Render token by performing tasks from the creators of graphic models.

Render Token aims to enable the creation, sharing and monetization of any 3D object or computing environment using blockchain protocols. The developers provide an out-of-the-box solution to the problem of CGI-intensive media that requires a powerful GPU infrastructure.

The system utilizes a unique Proof-of-Render mechanism to verify transactions. Proof-of-Render is a combination of manual and automatic proof-of-work. The process includes verification of the quality of work execution.

During artwork rendering, RNDR funds are held in escrow until the artist who commissioned the rendering manually confirms successful completion of the job. To protect against malicious behavior, network assets are watermarked throughout the process until the rendering is verified and payment is sent.

Octane’s rendering protocol allows the process to be managed on the blockchain. In the current period, Octane Render is the fastest GPU-accelerated photorealistic rendering software. The network supports test rendering, this feature allows customers to see what their work will look like.

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The Fetch.AI ecosystem utilizes a distinctive smart ledger technology to deliver high quality solutions at affordable prices. The ledger uses a proof-of-work mechanism that leverages AI to accumulate knowledge over time.

Fetch aims to automate an unlimited number of markets that currently require huge manual intervention. Autonomous economic transactions will provide virtually frictionless markets running at digital speed.
Fetch.AI envisions a world where everyone owns multiple economic agents on the Fetch.AI platform that work sequentially or in parallel to produce solutions to complex current and future problems that are far more elegant and efficient than humans can produce.

Features

Fetch AI is incorporated in the UK with the goal of creating a digital economy where autonomous agents can interact with each other without human intervention.

Here are some of the problems that Fetch AI is trying to solve:

• Improving economic efficiency by providing market intelligence to prevent problems such as empty container delivery and energy waste using the electricity grid
• “Disconnection” between centralized systems because they can’t communicate effectively with each other
• Scalability of distributed ledger technology
• Fetch AI creates a product that enables tasks, data, services, and rewards for effort. The technology includes a three layer architecture; 1) Autonomous Economic Agents (AEA), 2) Open Economic Framework (OEF), 3) Smart Ledger. ML and AI are integrated in all layers to incorporate a smart element into the system.

A few important features include:

• OEF is the digital world in which AEAs operate, allowing them to access services and connect with other partners. In addition, high-level commands (transmission, exploration, search and discovery) and low-level commands (consensus, mutual trust, transactions, and protocol management) can be executed.
• An AEA is a digital entity acting on its behalf. They are linked to existing hardware and can communicate with other agents to fulfill the owner’s requirements.
• Smart Ledger – A unique blend of blockchain and DAG with two main components; 1) a smart ledger contract and 2) data stored on a DAG
• uPoW – Useful consensus validating work that builds market understanding and trust over time
• Intelligent machine learning that improves efficiency with past, present, and future elements used by AEA
• Synchronization of 40k tps between nodes and 30k tps for mining blocks
• Token FET
• When the Fetch.AI core network is launched, the FET token allows autonomous economic agents to perform tasks on the network. The FET token is the key method of value exchange in the Fetch.AI network. It is required for all network exchanges, as a method of registering on the network, for distribution, and as a mechanism for delivering value back to those who perform work on the network.

The FET token gives agents access to the digital world. It allows them to exist in that world, in multiple locations, and to explore it in search of other agents to bring value to or profit from. This value can be in the form of access to services, data, infrastructure or data processing through AI and ML algorithms.

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