SingularityNET launches development of new, ledgerless Cardano sidechain specialized for decentralized AI
On Feb. 2, 2022, on the LEAP expertise convention, SingularityNET founder/CEO Dr. Ben Goertzel will announce the Hypercycle initiative, a brand new layer 2 blockchain community designed to provide massively scalable, low-cost infrastructure for decentralized AI functions and different...
On Feb. 2, 2022, on the LEAP expertise convention, SingularityNET founder/CEO Dr. Ben Goertzel will announce the Hypercycle initiative, a brand new layer 2 blockchain community designed to provide massively scalable, low-cost infrastructure for decentralized AI functions and different related software program.
Hypercycle will function as a sidechain of Cardano, one of many prime chains globally, leveraging Cardano’s Hydra sidechain framework, together with SingularityNET’s proof of reputation methodology and core algorithms and information buildings from the TODA ledgerless blockchain framework. The Hypercycle venture can be led by TODA co-founder Toufi Saliba together with Dr. Goertzel and a group of technical specialists drawn from the SingularityNET and TODA ecosystems.
It’s now well known that, if blockchain networks are to satisfy their promise of displacing centralized info processing techniques, they may require dramatic enhancements in scalability and computational and financial effectivity. It’s also more and more believed that the clearest path to reaching these enhancements is through “layer 2” networks, which perform detailed transactions in an optimized method after which report summaries to their base “layer 1” community. Hypercycle as a layer 2 sidechain interacting with the layer 1 Cardano community exemplifies this sample, however with a number of novel and distinctive facets:
- It is going to be the primary layer 2 community personalized for advanced multi-agent AI techniques comparable to evolutionary algorithms and machine studying mannequin ensembles.
- It is going to be the primary layer 2 community to dispense with the replicated ledger on the core of most blockchains, in favor of the extra absolutely decentralized strategy characterizing the TODA design.
- It is going to be the primary layer 2 community to leverage “proof of status” to beat the restrictions related to conventional blockchain consensus strategies comparable to proof of labor and proof of stake.
- It’s also the primary layer 2 community to be introduced for the Cardano ecosystem.
Hypercycle’s basis on Cardano implies that scripts written in Cardano’s Plutus good contract language will be capable to run on Hypercycle as nicely. Nevertheless, in some circumstances Hypercycle will run the identical scripts radically sooner and fewer expensively and there may also be extra library capabilities solely out there for Plutus scripts working on the Hypercycle sidechain.
Growth on Hypercycle is now on the early stage and can ramp up throughout Q2 2022.
“The imaginative and prescient with which we based SingularityNET was to make use of blockchain networks to ship helpful synthetic basic intelligence to the world in a means that’s actually democratic and decentralized,” Dr. Goertzel says. “We imagine that is each one of the best ways to offer sensible AI capabilities throughout varied vertical markets together with finance, healthcare, good cities, social media and lots of others, and one of the best ways to make sure a optimistic long run end result for humanity as AGI will get increasingly more highly effective. However to ship on this imaginative and prescient would require not solely vital AI advances – which we’re engaged on – however severe enhancements to out there blockchain infrastructure. Hypercycle will leverage Cardano’s excellent underlying buildings and algorithms together with different elements like TODA and proof of status to offer the framework SingularityNET finally must ship helpful AGI.”
About SingularityNET
SingularityNET is a fully-fledged AI ecosystem with a wealthy neighborhood all working towards the worldwide distribution of AI. It’s the first and solely decentralized platform permitting AIs to cooperate and coordinate at scale, whereas enabling everybody to benefit from a world community of AI algorithms, providers, and agent. Now not should AI expertise exist in silos, solely able to working inside a selected firm, infrastructure, or trade.
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