What is Matrix AI Network? MAN explanation, price expectations, and everything you need to know about MAN
Matrix AI Network, what exactly is that?Â
You will know the complete answer in just a few minutes, and you will get the answers to many more questions! So are you ready? Let’s start.
The revolutionary blockchains keep flying around your ears in recent years. Blockchain 1.0 (Bitcoin) has been known for a long time. Blockchain 2.0 (Ethereum) is already well known and can no longer be ignored in the crypto world.
The addition of smart contracts in the blockchain was a big step forward, so it is also called the second generation blockchain. At this point, we have arrived when we will discover the third generation of blockchain. Many candidates compete for this title, one of which is Matrix AI Network (MAN).
What is Matrix AI Network
According to MAN, Blockchain 3.0 must meet the following properties. It must:
- End the long transaction time.
- Solve the problems of smart programming contracts – no coding knowledge required.
- Solve the lack of security within smart contracts.
- Be possible to update and manage the blockchain if necessary.
MAN will solve the points mentioned above by employing artificial intelligence. By combining AI with blockchain technology, a unique blockchain is developed that is superior in its properties.
Core values of MAN
MAN’s blockchain is focused on some core values. The first is the ability to create an Intelligent Contract. No programming knowledge is required to make this contract, which increases MAN’s potential target group 350 times compared to the target group of Ethereum, for example.Â
The second aspect is they call it the Wormhole Network. This is the blockchain network that has to process a million transactions per second. At the moment, it is a 100k transaction per second.Â
The third focus is on Aegis. This is the AI protection and security that will make the assets in the blockchain more secure.Â
Finally, work is underway on Darwinian Evolution. This means that the blockchain will always be evolved and, therefore, will never be forked. As a result, the blockchain can be adapted to the market’s demand at any time.
Matrix Blockchain
MAN’s blockchain is a hybrid and unique combination of PoW and PoS. The PoW side of the mechanism works under a smaller group of randomly chosen nodes by a voting system. This concept is known as mining. In mining, you need specific mining devices to mine coins.
The PoS mechanism determines the probability with which you can be selected as nodes. The more MAN you staked, the greater the chance you will choose by the voting system.
Pos is also known as the staking reward system. The more coins you will hold, the greater profits you earn. Staking is a lot easier than mining as you only need to keep coins in your coin wallet, but you have to make sure that your wallet is connected 24/7 with the internet.
These days almost every crypto exchange is offering to stake. It is a lot more comfortable to earn rewards by staking coins on exchanges as you do not have to make wallets or ensure 24/7 internet connectivity.
The hash function known in “cryptoland” was not used for mining MAN. Instead, Matrix uses the Markov chain Monte Carlo (MCMC), a Bayesian calculation algorithm.Â
Because the MCMC has wide applications in science and industry, PoW computing power can be used as crowdsourcing for such applications.Â
In this way, this mining mechanism provides a better bridge between the virtual and physical worlds. In the meantime, Matrix is ​​also working with various partners to make MATRIX accessible to other platforms. A proprietary High-Performance Bayesian Inference Machine is also being developed for mining this deviating algorithm. You can learn more extra about this in the roadmap at the end of this article.
Matrix tokens MAN
Since the Matrix mainchain has not been developed initially, Matrix released several demo and beta products on Ethereum. After the ICO, Matrix distributed ERC-20 tokens (MAN) among all participants of this ICO. These MAN tokens were later exchanged on a one-on-one basis with the new Matrix blockchain coin (MAN).
Speed of Matrix Network
The first public demonstration of the Matrix network was published in August 2018. It was shown that more than 50,000 transactions per second could be processed. Rumors circulated for some time that these numbers had been achieved on the test net. But now, this has been officially proven. The Matrix network can be seen as one of the world’s fastest blockchains. At the moment, it is even twice as fast as a VISA.
Matrix as an organization
The CEO and also the figurehead of Matrix is Steve Deng. An unknown man in many countries, but that is different in China. He has a lot to his name regarding machine learning, computer architecture, and data analytics. He has also published books and teaches about AI and the possibilities it offers.
The Matrix project is managed and monitored by the Matrix Foundation. In Hong Kong, the Foundation has separate departments to manage various aspects of its Matrix development. The law firm of ReedSmith Richards Butler is legal counsel to the Foundation.
It has also already been announced that Matrix has entered into a partnership with OBOR (One Belt One Road). This is a trade route connecting Europe and Asia. This is a 900 million dollar project that is also supported by the Chinese government. As a blockchain startup, you can’t ask for anything better.
Where To Buy Matrix Al Network
MAN coin is present on the following exchanges:
Bitfinex
Huobi Global
Gate.io
Kucoin
Gaex
HitBtc
Coinegg
Lbank
Idex
When Is Matrix AI Network going to Binance
Binance is a top crypto exchange. Every coin wants to be there on Binance exchange. Apparently, Binance has a callous merit-based coin selection process. (That is the other case when sometimes they list coins like SUSHI with the anonymous founder for just their business).Â
New projects find it difficult to qualify for Binance, but the way Matrix is progressing, the time is near when Matrix AI Network will be on Binance exchange.
Matrix has attractive trading volume, an exceptional concept, a working product, present on more than five exchanges, so all these factors drive MAN to be soon listed on Binance.
Matrix AI Network Price Predictions
Many predictions have been made about the Matrix AI Network price. These predictions were made within the crypto community and by crypto influencers who appear on YouTube or Twitter. Matrix AI Network predictions for the end of 2020 hover around $ 0.064 and $ 0.085.
The Matrix AI Network price prediction for 2021 varies around $ 0.09 and $ 0.25.
The Matrix AI Network price prediction for 2022 varies around $ 0.19 and $ 0.51.
The Matrix AI Network price prediction for 2025 is above $1.
It is always good to remember that these are our predictions, we are not financial advisors, as no one comprehends where the price will finally go.
If you want to invest in Matrix AI Network, invest only what you can afford to lose. Investing in cryptocurrency is always a bit of a gamble. And it is up to you how you deal with it. In our case, Matrix AI Network is undoubtedly an exciting investment for your portfolio.
Matrix AI Network Roadmap
Matrix was officially launched in September 2016. Since then, many points have already been completed that were all part of the AI-based blockchain development.Â
However, a lot is still waiting for us in the future.Â
At the end of 2018, it was made possible to use private chains. The team improved the AI-driven PoS + PoW mechanism with the randomly selected nodes.Â
The blockchain infrastructure was optimized so that it is also possible to place inter-chain transactions.Â
In 2019, the team began the Intelligent Contracts that were protected by AI from hacks. By the end of that year, the mining chips were ready for use, and the big data applications on the MAN blockchain was deployed.
In 2020 the Matrix project looks for Age of Wonder, Mining ICs, Computing & mining facility, Mining & Applications, and Big data application.
Buy Matrix AI Network (MAN)
It is always a risk to purchase the tokens that are in development. But does the combination of blockchain and AI appeal to you? Then you can, of course, buy MAN. You can purchase MAN on KuCoin and Hadax. There you can exchange your Bitcoin, Ethereum or USDT for this hidden gem.
Matrix AI Network Useful Links
Matrix AI Network Ether Explorer
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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