What is Autonomys and What Does It Promise Us?

Basically, the Consensus layer, domains, distributed storage network, client applications and developer tools built on top of it are called the Subspace protocol and Autonomys Network is an instance of the Subspace Protocol and together they create an open, scalable and interoperable blockchain infrastructure to power the decentralised applications and services of the future.

Autonomys Network seeks to democratise AI and human interaction. To do this in a decentralised and reliable way, the project uses a protocol called AutoID, which works with the Subspace Protocol. Thanks to AutoID, a personalised and unique identity is created using metrics prepared by the protocol. AutoID offers a decentralised identity system that verifies digital identities for both humans and artificial intelligence. Thus, it makes interactions between humans and artificial intelligence transparent and reliable.

AutoID is Verifiable, Portable, Secure, Interoperable with many protocols, Traceable, Recoverable and can act as a universal digital passport.

AUTO COIN is the local currency of Autonomys Network. It is extremely important for the security of the Network as well as being used to pay gas fees. It is used to reward node operators who ensure the security of the network, which works with a consensus mechanism known as Proof-of-Archival-Storage (PoAS), and at the same time, with staking, users contribute to ensuring the security and transaction accuracy of the network by locking a certain amount of Auto Coin.

Autonomy Network uses two different consensus for decentralisation and security.

1- Proof-of-Archive-Storage (PoAS): In this system, users ensure the security of the network by providing storage space in the network and earn rewards. This mechanism guarantees that data is secure and constantly accessible.

2- Proof-of-Stake (PoS): This model provides transaction verification and transaction power. With PoS, node operators earn rewards by contributing processing power.