Can we say #BTCUptober has arrived after today's rise? After seeing the price target on #Xrpđ„đ„ , I think I will be caught in this wind. The shocking developments of the past weeks have caused BTC to approach critical levels. But somehow this week there is a lot of optimistic news and analysis.
I'm used to these shockwaves, so I don't touch my major coins in my portfolio at all, but I've already started to say goodbye to minor coins at acceptable levels. In recent months, I've even started to look at new projects in the RWA, DePIN, and #AI3 areas. I especially value DAO Labs ILO projects.
Here is the 2nd ILO project of DAO Labs social mining: @AutonomysNet. My goal is to get to know the project closely and earn as much allocation as possible. My goal is to build nodes and continue to earn long-term profits. So why #AutonomysNetwork ?
The development of artificial intelligence technologies continues at full speed and the competition has reached incredible heights. The issues we are currently questioning are security and human-centered use... So, how much will artificial intelligence be in our lives in the future and how will we use them safely? Autonomys Network continues to produce solutions to these questions. This network offers an infrastructure aimed at ensuring that artificial intelligence works in a secure, transparent, and decentralized way. So, how does this system work?
The Subspace Protocol, one of the basic building blocks of the Autonomic Network, allows artificial intelligence and humans to share data securely and quickly. Just like a large cargo network, data is securely delivered to the right addresses in this system. In the future, when an AI needs to perform a transaction on your behalf, this protocol may be able to ensure that your data is shared securely. This will be an important step towards data security in the digital world.
But is data security alone enough? Of course not. Here, it is also of great importance that the identities of both humans and artificial intelligence are reliable. This is where the importance of #AutoID is even more understood. Auto ID is designed as a system that represents your identity in the digital world. Just as we have an identity card in real life, Auto ID will be our identity in the digital world. This identity will function as a universal verification tool for both humans and artificial intelligence. In the future, when an artificial intelligence performs a transaction on your behalf in the digital environment, you will be able to be sure that this transaction really belongs to you thanks to Auto ID. This will minimize problems such as identity theft or data breaches.
So, how will transactions be made on such a secure network?
Auto Coin is the native cryptocurrency of the Autonomys Network and plays an important role in transactions on the network. It works with a consensus mechanism known as Proof-of-Archival-Storage (PoAS). In this system, users can earn Auto Coin by providing storage space on the network. That is, users (node operators) on the network are rewarded for storing data securely. This mechanism ensures the continuous operation of the network and incentivizes participants.
In addition, Auto Coin is also used to pay gas fees and for staking transactions. With Staking, users contribute to ensuring the security and transaction accuracy of the network by locking a certain amount of Auto Coins. This also gives users extra rewards. The use of Auto Coin is not only a means of paying but also plays a critical role for the sustainability of the network.
But is there a need for a central authority for all these systems to work in a truly secure and fair way?
Autonomy Network uses two different consensus mechanisms together: Proof-of-Archive-Storage (PoAS) and Proof-of-Stake (PoS). PoAS as mentioned above, allows users to earn rewards by providing storage space. This mechanism guarantees that the data is secure and constantly accessible. On the other hand, the PoS model provides process verification and compute power. With PoS, node operators earn rewards by contributing processing power.
The combination of these two mechanisms allows the network to operate in a secure, transparent and decentralized manner. Autonomys Network thus provides a scalable and sustainable infrastructure where AIs and humans can work together. This is the foundation of AI3.0, enabling AIs to work ethically and interact safely with humans.
All these solutions aim to create a digital world in which artificial intelligence and humans can work together safely and transparently in the future. This vision presented by Autonomy's Network can provide a safer and faster functioning in the digital world by providing a safe environment for both humans and artificial intelligence.
Sources:
https://www.autonomys.xyz/
https://academy.autonomys.xyz/
https://autonomysnetwork.medium.com/
