Skynet's Infinity-Chain Aims to Support Billions of Devices!
Scalability is a major issue faced by most blockchains.
One of the fundamental benefits of blockchain technology is that it provides the grounds for secure transactional support. The legacy blockchains like Bitcoin and Ethereum placed a key focus on ensuring that the blockchains remains secure yet decentralized. However, Ethereum carried out a key step forward in the utility of blockchain by enabling smart contracts.
Now, the focus on blockchain isn’t just on secure transactional support but to ensure that those secure transactions can be used to create smart contracts for smart economies. The challenge for Ethereum is that it doesn’t have the scalability needed to support all the applications that could be built atop it. This severely limits the value Ethereum could offer and thus there’s now room for a new generation of blockchains that aim to resolve the solution of scalability.
Pursuing Greatness
A new blockchain project, Skynet Open Network, integrates a blockchain chip with a high tps blockchain to facilitate the creation of a future where AI enhances the usability of IoT devices at a grand scale.
The internet of things (IoT) already connects billions of devices together so that they may have access to data that can allow them to improve their functionality. However, there’s a key limitation to modern machine learning algorithms; they need more data.
Skynet intends to use its blockchain chip, which could be distributed to billions of devices, to make value-based interactions possible among the devices. This means people could be rewarded with tokens to organize data. The result of this is that machines learning could be powered by higher quality data, consequently improving the pace of AI improvement.
Better artificial intelligence means all the IoT devices can learn from their interconnected state at a scale better than ever before.
Skynet intends to leverage this connectivity of improved machine learning and the internet of things in order to create the autonomous machine interactions of the future. The blockchain chip and the blockchain will seamlessly come into play with the autonomous machine that will interact with each other. The chips will provide them with the necessary throughput support and native secure wallet facilities and the blockchain will be the medium for the transactions.
With the entire infrastructure tying up in harmony, smart cities could utilize interconnected autonomous machine interactions that can manage secure data and execute transaction.
Supporting the Transactions
Given the depth of Skynet’s long-term goals, the project will have to sustain the transactional demands of billions of devices. Such a demand is inconceivable by Ethereum. However, Skynet Open Network (SON) is developing a new infrastructure that is designed to tackle any throughput demand that comes its way.
Skynet’s founders are developing an infinity blockchain; this is a new concept that is powered by Tendermint’s high-performance consensus factors. The infinity-chain is able to sustain the tps demands by being able to leverage an endless number of blockchains that will use Skynet’s cross-blockchain communication protocol. The chains will be interoperable and this ensures that the scalability does not impact the project’s functionality. The ability to create interoperable sub-chains ensures that the tps demand of even billions of IoT devices can be met.
Wrap-Up: Skynet’s infinity-chain can tackle the scalability problem faced by existing blockchains. This will allow the project to handle the infrastructural demands for to sustain interactions between billions of IoT devices.
Essential Links
🌐 Website: https://skynet.co/
💡 Whitepaper: https://skynet.co/docs/SkynetOpenNetwork.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=4641725
💻 Telegram: https://t.me/SkynetOpenNetwork
Connect with me:
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My 
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Skynet... I would have loved to be in the boardroom when they came up with the idea to call it that!!
Haha that has been brought up to the team a number of times.
But they said remain dedicated to the development; rebranding might come later.
Awesome hit point of bitcoin@pushkarsingh
Glad to hear so :)
i am read your this post, your post is very good and important ,but "consequently improving the pace of AI improvement," what is 'AI' sir..!
AI is known as "Artificial Intelligence" it is a technology or a term used to define smartness of a system that can make decisions on its own like a robot
Upvote if you like my comment :)
Thanks for explaining it to him :)
Just helping out ☺
AI is just an acronym for artificial intelligence.
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Because your research of any topic is very good
I feel it's not a point worth touching because Steem utilizes delegated proof of stake.
Only the people elected as a witness can mine STEEM and only the top 20 have any real impact. So, out of the million or so Steemit accounts and the tens of millions of Steemit viewers, only 20 people have genuine ability to mine.
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