Project Overview :
Skynet, an end-to-end protocol combining a neural processing blockchain core and a Byzantine fault tolerant infinity-chain infrastructure to create the new intelligent planet.
To provide a scalable network that supports workloads from billions of different IoT devices, Skynet provides an infinity-blockchain architecture that enables instantaneous transaction speeds and unlimited throughput. As the network only tracks the amount of tokens on each blockchain, Skynet enables the creation of an endless number of independent application specific sidechains that remain connected to pools of other networks. Skynet also contains a virtual application layer which devices can query to access decentralized applications that support the intelligent machine economy such as: decentralized identities, distributed storage, digital currencies, node discovery, distributed computation, and decentralized machine learning.
Finally, in order to provide the real-world infrastructure for cryptocurrency adoption, the usability of decentralized applications, and accelerated processing for deep neural networks, Skynet contains a license-free modular SoC core optimized for blockchain and artificial intelligence. With an embedded crypto hardware wallet, tensor processors, and hash accelerators, the blockchain SoC core will enable the mass production of low-cost smart IoT devices that could securely sign transactions, learn advanced neural network models, and leverage the utilities of distributed ledgers. All the cores can be immediately connected by its native network and allow hosted devices to begin interacting over its scalable frameworks.
Problems with Blockchain Networks for IoT :
Skynet Will Address the Problems With Blockchain Adoption and IoT Functionality by Providing an End-to-End System Comprised of the World’s First Blockchain Chip and a HyperScalable IoT Blockchain Network. Billions of License Free Blockchain Chips will be deployed to devices around the world and connected by Skynet’s blockchain network, enabling the real-world infrastructure for blockchain technology while making Skynet the most adopted end-to-end ecosystem. Video Coming Soon.
Despite all the benefits of blockchains, current networks come with a big computational overhead and low finality. Network architectures cannot handle billions of interactions that IoT devices make every day, and do not support adoption in the real world. Older network architectures like Bitcoin or Ethereum are based on principles such as the Proof-of-Work consensus and “One Blockchain, Many Applications” design. Blockchains that grew from these older principles have a low transaction rate (7-20 transactions per second), high transaction cost (.70 cents), try to fit in many applications in one chain, and have nodes doing computationally expensive useless work.
Solution Provided by SKYNET :
Anarchic Scalability :
Given the evolving chaotic nature of Internet of Things, SON’s architecture must be designed for anarchic scalability and must constantly evolve to fit the IoT ecosystem. For example, as the complexity of IoT grows, varying systems must be included to support billions of different IoT links, interactions between autonomous entities, and new entities joining the system without risking failure. Subsystems and permissoned subchains will also most likely need to be added to increase privacy, control, and reliability in spaces like military or healthcare fields.Portable :
With all different device types and existing hardware, SON should be able to be used in small devices such as sensors, existing CPUs, and adaptable to new hardware. Operations on the blockchain should be configured and optimized towards the device type, enabling smaller devices with lower power and memory to participate in the consensus while allowing more-capable devices to run full nodes.Skynet Protocol :
OpenSingularity aggregated all the design propositions into Skynet, a safe end-to-end, distributed artificial intelligence system that will foster collaboration and intelligence between all the devices in its network. To address both the adoption of cryptocurrency and limitations of intelligence in hardware, Skynet is comprised of Skynet Core, a neuro-processing blockchain chip. To address the scalability, overhead, and limited applications in traditional blockchain networks, Skynet is also comprised of SON, an infinite-blockchain network.Skynet Adoption Plan :
OpenSingularity believes that there is a need for an alternative to ARM in the IoT semiconductor industry, and by bringing a license-free Blockchain Brain Chip IP core and open source RISC-V ISA architecture design to the semiconductor industry, OpenSingularity will enable many companies to design high performance and energy efficiency consumer ASICs at a reduced cost. OpenSingularity’s RISC-V AI blockchain core license-free model will provide a free competitive alternative with added features of coupling devices with a blockchain network and a brain-on-chip system. With the license-free business model, companies and SoC designers will be able to use a similar core with the same functionalities but optimized for the blockchain.Skynet Token :
Skynet Token is the native staking token of the Skynet Open Network and SON Fabric. In Proof-of-Stake blockchains, the creators of each block are chosen by random selection in a round-table like fashion according to how much coins or value the person holds. To provide incentives for participants to stake the currency, the Skynet token is solely designed for staking whereas block rewards and fees are distributed in another token. Interestingly enough, Skynet tokens can be used for staking with other IoT Chains.Skynet Open Network :
Skynet Open Network, Singularity, also known as an AI KnowledgeNet or Virtual Application Layer, is
an extension of Nova and Idex, enabling a series of interoperable applications for interactions and learning between Skynet Cores and other IoT devices. More specifically, these are for decentralized machine learning, distributing computation, and data sharing. The applications can be tied in with Singularity’s multi-chain marketplace where devices can agree on values for their training data or computational power.Blockchain Hardware :
Skynet Core contains revolutionary patent pending ideas such as the embedded Hardware Wallet and compact Crypto CPUs to provide the real-world infrastructure for blockchain technology. With the hardware, Skynet Core devices will be able to run high throughput blockchain networks and securely protect cryptocurrency from theft. Skynet Core will come with its native blockchain network hardware wallet and its cryptocurrenices, giving billions of devices immediate access to the fastest IoT blockchain network.
Token Matrix :
Token Name: Skynet
Token Simbol: SON
Token Price : 1 SON= 0.0035 USD
Platform: Ethereum (ETH)
Soft Cap: 3.000.000 USD
Hard Cap: 38.000.000 USD
Token Supply: 1,000,000,000,000 SON
Conclusion :
At ICON Partners, we find this project extremely promising. The Skynet Open Network combined with their blockchain chip could drastically change the way the Internet-of-Things is currently used. Even though they are still far from a working product, the team behind the project is so impressive that we have no doubts that they will be able to deliver all the features that are described in the whitepaper. Finally, it is clear by looking at their token model and at the many features of Skynet that they have a deep understanding of blockchain technology and of all the possibilities that it creates.
As always, we encourage you to do your own research and come to your own conclusions when investing in an ICO. All the information in this review are either facts or ICON Partners’ opinions and should not be used as investment advice.
For more information :
Website: https://skynet.co
Whitepaper: https://skynet.co/img/lightpaper.pdf
Twitter: https://twitter.com/OpenSingularity
Telegram: https://t.me/SkynetOpenNetwork
Linkedin: https://www.linkedin.com/company/opensingularity-foundation
Facebook: https://fb.me/OpenSingularity
Medium: https://medium.com/skynetproject
BitcoinTalk : https://bitcointalk.org/index.php?topic=4641725.0
Author: Raghav
Eth Address : 0x11b2642E17Bf70C834CaA29a97D2030303d07069