27 Apr 2023
SingularityNET Launches Hypercycle: The Ultimate Blockchain Solution for AI
As early as May, the team behind SingularityNET is launching an AI-specialized blockchain called HyperCycle, the world's most advanced blockchain platform for AI development. Read all about it here
In recent months, projects merging AI with blockchain and crypto have been in the spotlight. This comes on the back of the release of the GPT model and hundreds of subsequent AI tooling, which have created a massive buzz for the AI sector. Since ChatGPT reached hundreds of millions of users within months, investors are looking for ways to get in on the trend and cryptocurrencies are a way to get early exposure, albeit accompanied with lots of risk.
SingularityNET has been one of the leading projects in both the fusion of AI and Crypto and in terms of recent increases in popularity. It is building a decentralized infrastructure for the creation and economic of AI agents, who will be able to do an increasing number of tasks in their so-called AI economy, with the ultimate vision of creating a collectively owned and controlled super intelligence.
In a recent blog post, SingularityNET's intriguing founder Ben Goertzel, introduced HyperCycle, a new blockchain that is tailored to the specific needs of a decentralized artificial intelligence network. Let's take a look at this new blockchain that's already launching in May.
HyperCycle AI-focused blockchain network is launching in May and has the potential to become the future of blockchain infrastructure. The founder's journey began in 1999-2000 with the goal of creating a decentralized underpinning for global AI networks. However, the technical aspect of decentralizing AI proved problematic, and it took more than two decades to find a solution.
In 2015, Ethereum provided a clear way to make a decentralized AI network function. SingularityNET was developed to provide a basic decentralized framework for multiple AI agents to interact, outsource tasks, and collaborate. However, limitations of Ethereum became apparent during its development, leading to a porting effort to Cardano.
The tokenization of compute resources was also addressed by the NuNet project, which launched in 2021 as a spinoff of SingularityNET Foundation. The project provides a network and marketplace for the provision and request of hardware resources. While AGIX is what clients and AI agents pay for AI services provided by agents on the SingularityNET network, the NTX token is what AI agents pay for the compute resources that they utilize to do the processing needed to provide their services.
Additionally, the SingularityNET ecosystem also includes SingularityDAO, a dapp that offers AI-managed trading products and a launchpad for SingularityNET projects that allows investors to get in early on new ecosystem projects. Now, this ecosystem is getting another, significant boost with the introduction of HyperCyle.
Blockchain technology has the potential to disrupt many industries, but it has faced several challenges. One of the most significant challenges has been scalability, which has hindered the deployment of blockchain technology in global networks, especially those that require AI applications. However, HyperCycle's unique technical design has solved some of these core dilemmas, providing a scalable decentralized platform for global AI networks.
HyperCycle is a layer-0 blockchain architecture that is optimized for scalable AI microservices. It is designed to be a high-performance, low-latency, and scalable platform that can support a wide range of AI applications. The architecture is based on a novel consensus mechanism called Proof of Microservices (PoM), which enables it to achieve high throughput and low latency.
The PoM consensus mechanism is lightweight and efficient, allowing it to achieve high throughput and low latency. It is based on a set of microservices that perform specific tasks, such as transaction validation, block creation, and block validation. Each microservice is responsible for a specific task, and they work together to achieve consensus.
HyperCycle's architecture is modular, enabling it to support a wide range of AI applications. It consists of three layers: the application layer, the microservice layer, and the blockchain layer. The application layer manages the AI applications, while the microservice layer provides the AI microservices. The blockchain layer provides the blockchain infrastructure.
The architecture is highly scalable, capable of supporting a large number of AI applications and microservices. It is also highly secure, preventing attacks and ensuring network integrity. HyperCycle's unique technical design solves some of the core dilemmas at the heart of modern blockchain technology, enabling the decentralized tech space to achieve its most critical goals. With HyperCycle, a scalable decentralized platform for global AI networks is finally achievable.
HyperCyle will have its own native token which will be sold to the public via the SingularityDAO platform. This marks the start of the new blockchain's public release, after which an increasing number of AI-related protocols and projects is expected to move to the new ecosystem. In combination with the amounts of capital, talent and work recently flowing into AI and HyperCycle's unique architecture and focus on becoming the blockchain for Artificial Intelligence, the launch and subsequent development might be something to keep a close eye on!
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