Hello everybody, today i will introduce you Skynet project. Skynet is actually a very complex system and a very new business model. It's hard for newcomers to understand it without digging much deeper as we will do right now.
What is Skynet
What skynet is trying to accomplish is a real end-to-end system that will create the intelligent machine economy and enable all intelligent devices to transfer data, learn, and interact with one another without human intervention and centralized control.
This means that Skynet is making the physical infrastructure comprised of tensor processing blockchain chips for devices to run networks, send cryptocurrencies safely, become intelligent, and use the utility of blockchain networks.
Skynet is also making a network that facilitates the interactions between all these Skynet powered devices. Within the network, there will be decentralized ID systems, reputation protocols, ML systems, ways to exchange data, etc. There will also be EVM-compatible DApp platforms and Proof of Stake blockchain platforms that allow user created applications to work with the existing infrastructure.
Goal of Skynet
Goal of Skynet in the next couple years is to deploy billions of Skynet Cores to devices across the world and connect them all with the Skynet Open Network blockchain.
Skynet project is being developed to benefit the human race with the platform, not cause any type of harm to society.
For example, Interconnected IoT devices such as self-driving cars will prevent any crashes from happening, enable your phone to automatically pay for your groceries, and allow you to monetize every since action that you take in your life. There's many beneficial aspects to enabling autonmous devices to interact with one another though a global network. Skynet team wants to create this future and drive functionality and adoption back into IoT and blockchain technology.
Currencies in the Skynet system
In the Skynet system, as a potential investor, we will receive the three currencies that are the underlying means of transactions in the whole ecosystem: Skynet, Light, and Singularity.
Skynet is a license for the holder to vote, validate, or delegate to other validators. They're also used for staking and earning a portion of block rewards / transaction fees. Like Ethereum's ether, Light can also be used to pay for transaction fees to mitigate spam. Singularity is the native token of the AI KnowledgeNet and is used to participate in its smart contract systems and incentivize participants.
Benefits of Skynet
Biggest benefit of Skynet is making License Free RISC-V chips, meaning that there’s no license fee like ARM Cores when you deploy Skynet designs.
Other than license fees, Skynet core is optimized for the blockchain, with built in hardware wallets like the Ledger, embedded cryptocurrencies, crypto acceleration engines, and software that enables communication over the Skynet Open Network.
Skynet ICO
Regarding Pre-Sale and Public Sales, Skynet team haven't announced a date yet as the team wanted to get feedbacks from the community first. They will announce an token distribution official date soon, where the tokensale will most likely commence in September. The minimum investment will most likely be .1 Ether
Advice for investors
Although I cannot say anything about the future price of the tokens, typically the top performing cryptocurrencies like Bitcoin or Ethereum have a 128b/64b market cap because of adoption. Ambitious as it is, one of the goal of Skynet team is to be the most adopted IoT ecosystem on the planet by connecting billions of intelligent devices under the network.
Moreover Skynet's way of not going bankrupt through handing out free cores is by driving up the value of the cryptocurrencies they distribute.
Official Links:
Website: https://skynet.co/
Whitepaper: https://skynet.co/img/lightpaper.pdf
Twitter: https://twitter.com/OpenSingularity
Telegram: https://t.me/SkynetOpenNetwork
ANN: https://bitcointalk.org/index.php?topic=4641725
Thank you for reading my blog. This blog was published by bctbuster
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