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Introduction

The invention of Bitcoin in 2008 symbolized the advent of cryptocurrency. The succeeding years witnessed a dramatic growing of the blockchain technology. The introduction of Ethereum opened the path for supporting complex business behaviors with cryptocurrencies. The overall momentum of development, however, is now facing a series of key challenges. These include: (1) slow transaction speed; (2) programming barrier of smart contracts; (3) lack of security in smart contracts; and (4) inflexibilities in managing and updating blockchains.

Designed to be the new generation blockchain, MATRIX leverages the latest artificial intelligence technology to resolve the abovementioned challenges. The fusion of blockchain and AI technologies enables MATRIX to build a revolutionary cryptocurrency, which support significantly boosted transaction speed, superior accessibility to general users, enhanced security under malicious attacks, and highly flexible operations.

Objectives of MATRIX And What It Does

The challenges facing today’s blockchains have to be resolved before the ideal of cryptocurrency can really become reality. They believe the artificial intelligence technology, which has received an unprecedented growth in the past decade, provides out-of-box solutions to address the challenges. MATRIX is designed to be an intelligent chain to unleash the potential power of the blockchain technology.

MATRIX is designed to be a highly flexible blockchain. The flexibility is twofold. First, MATRIX offers access control and routing services so as to allow seamless integration private chains into a common public chain. Such a feature meets the requirements many industry and government players for authorization, while at the same time allows necessary information flow from a public chain to a private one and vice versa. Second, MATRIX uses a reinforcement learning framework to optimize its parameters (e.g., consensus mechanism, and transaction configuration) in an evolutionary manner. The optimization paradigm ensures dynamic updating of parameters for near-optimal performance without the risk of incurring hardfork.

The MATRIX blockchain is equipped with a power AI security engine consisting of four major components, 1) a rule-based semantic and syntactic analysis engine for smart contracts, 2) a formal verification

toolkit to prove the security properties of smart contracts, 3) an AI-based detection engine for transaction model identification and security checking, and 4) a deep learning based platform for dynamic security verification and enhancement.

Today all public chains are suffering from the problem of long transaction latency and low transaction throughput. Specifically, it takes over 30 minutes for Bitcoin to finish one transaction, while the transaction throughput of Ethereum is only 10 Transfer Per Second (TPS). In fact, a blockchain depends on a P2P network to validate transactions. Since a transaction needs to be broadcasted to all nodes in a network, the overall latency has to increase as long as more nodes are joining the network. MATRIX resolves the problem by dynamically selecting a delegation network in which all nodes are voted as delegates of others. All Proof-of-Work (PoW) processing is only allocated inside the delegation network, which only incurs a much smaller latency due to the smaller number of nodes. The selection process is random in the sense that a node is selected with a probability proportional to its Proof-of-Stake (PoS). The online version of MATRIX will support a throughput of 100,000 TPS.

What is the ticker?

MAN

What is the coin used for?

In the Matrix AI Network, MAN coins are used for rewarding, payment and digital asset authentication.

REWARDING

Block-generating miners, transaction validators, and participants in the MATRIX ecosystem have the privilege to earn MAN tokens as a reward.

PAYMENT

From leasing spare computing power to purchasing AI services, on MATRIX AI Network everything is paid in MAN.

DIGITAL ASSET AUTHENTICATION

The process of converting computing power, algorithmic models, or AI artworks into digital assets involves burning a required number of MAN in the forging of NFTs.

What are the features of MAN coin?

Utilization: MAN coins can be used to participate in the network's consensus process, pay for transaction fees, and access advanced AI services on the MATRIX AI Network.

Governance: MAN coin holders have the right to participate in the governance of the MATRIX AI Network, including voting on protocol updates and other important decisions.

Staking: MAN coin holders can stake their coins to earn rewards by participating in the network's consensus process.

Liquidity: MAN coins are traded on several cryptocurrency exchanges, providing liquidity for investors.

Security: The MATRIX AI Network uses advanced security measures to protect the network and user's assets.

Scalability: The MATRIX AI Network aims to provide high scalability, allowing for faster and more efficient transactions.

Decentralization: The MATRIX AI Network is decentralized, allowing for a more secure and transparent way to conduct transactions and access AI services.

AI integration: The MATRIX AI Network uses advanced AI technologies to improve network performance and security, as well as to provide access to AI services.

What is the token economy of Matrix and the total supply of MAN?

There can be 1,000,000,000 MAN ever. 15% of the maximum supply was sold in ICO, and 10% is with the foundation for business and community development and will not go directly to market. 25% of tokens are created currently. The rest, 75%, is broken down as 40% is for mining and 35% is for community, hardware development, team. It will take decades for the max amount of tokens to reach circulation. There is a lock period of 2 years on the team tokens.

Reserved for Mining Rewards: 400.000.000

Additional Token Sale (Locked): 200,000,000

Initial Coin Offering ICO(Sold) 150,000,000

Team: 100.000.000

Where can I buy MAN coins?

It can be purchased from exchanges that support the Matrix Mainnet;

Contracts for Bep20MAN: 0x772aD4f727aD96eAcab5c5c255576813B680C1D1

The Matrix 1.0 blockchain platform is the first AI-optimised blockchain platform. Low transaction speeds, lack of security, the complexity of usage, and squandered resources are four key concerns in blockchain that they address with AI technology. They built a public blockchain platform that is both functional and dependable.

Matrix AI Network

Tracking Matrix Ai

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