Sponsored
Artificial intelligence (AI) seems to be everywhere these days; with the rise of ChatGPT and other trending AI applications, many cryptocurrencies are also rushing to adopt it. However, not all AI is created equal: Logical-AI, an approach adopted by Tau is an integral part of agoras tokens” for a long time, which is what makes it different from other cryptocurrencies.
Are other blockchains really decentralized?
Many blockchain projects claim decentralized development, but their methods are not sound, as they ask users to manually vote for code patches or use machine learning techniques for mass voting, which is statistical. Furthermore, since the code is implemented by a centralized development team, it must be trusted, and even if it is trusted, the code cannot be written to prove accurate results.
In Tau Net, users govern the development of the system by saying what they want the network to look like in the form of statements that satisfy the rules and changes to be implemented. The system then calculates the agreement between users and implements the next version of the tau net in the next block of the blockchain.
How Agoras works
The economic aspect of Tau Net will be entirely driven by Agoras. Tau Net users will be able to cooperatively and continuously influence all elements of Agoras’ tokenomics, making Agoras the first cryptocurrency to be completely and soundly run by its users.
For example, one user might prefer a deflationary system that rewards those who actively participate in the network. Another user might prefer to actively participate in the network and be rewarded for it. The next user might want Agoras to be deflationary: Tau Net calculates a collective agreement on the desired behavior of Agoras, deflating it by burning 50% of all transaction fees and redistributing 50% of all transaction fees to all active wallets that hold tokens to all active network participants, and concludes that redistributing the TauNet then automatically adjusts the tokenomics to exactly match the specifications.
Agoras’ utility
Agoras’ tokenomics and utilities will evolve to reflect the collective desires of users by leveraging Tau’s AI-based co-development technology, representing the total purchasing power of all assets increasingly available in the system. Initially, Agoras will be used to trade knowledge, computer resources and derivatives.
User knowledge shared through discussions on Tau Net will be integrated into a very powerful knowledge base, making each piece of their knowledge accessible on the network for users to exchange for Agoras ($AGRS) and other assets option. TauNet will detect when a piece of a user’s knowledge can help solve someone else’s problem and promote it to the user. This gives users an unprecedented opportunity to earn income effortlessly, directly, and continuously from their knowledge.
In addition, the option is available to exchange or rent idle computer resources such as CPUs, hard disks, and GPUs in smartphones, laptops, and tablets for other assets in Agoras and Tau Net’s economy The company has a number of options available. While it is very difficult to sell a fraction of a CPU in the traditional market, it is possible to monetize a fraction of a computer resource in the Agoras economy. By combining the computers of millions of users, they can generate vast computing resources that can dwarf the servers of the largest high-tech companies.
TauNet will also provide a derivatives market, and Agoras will be used to trade futures, options, and other financial instruments. Agoras will also have the ability to offer risk-free interest with no inflation in the token supply.
Benefits of AI Cryptocurrencies”
While many cryptocurrencies employ machine learning-based AI, Agoras is unique in that it employs logic-based AI. This approach, which is the foundation of Tau technology, allows Agoras users to control the network and its tokenomics, allowing it to not only be truly decentralized, but also to evolve in a healthy way. The use of logical AI sets Agoras apart from other cryptocurrencies and paves the way for the next era of user-controlled cryptocurrencies.
Join TauNet and AgorasCommunity and learn more at tau.net
This is a sponsored post. Here’s how to reach our audiencePlease read the following disclaimer.
Image Credit:: Shutterstock, Pixabay, Wiki Commons.
