INTRODUCING : THE MATRIX CHAIN PROJECT

in #cryptocurrency7 years ago

As you all know, I chose most of the few ico I think have potential and today I have chosen some and one of them is a matrix, this particular ico attracts my attention because of its uniqueness, take your time and read on and when you located. confused you can check their website and whitepaper that I will enter below.

INTRODUCTION

Matrix Designed to be a new generation barrier, MATRIX utilizes the latest AI techniques to revolutionize cryptocurrency landscapes. MATRIX distinguishes itself from previous blockchains by offering breakthrough technology in building a self-optimizing blocking network of self-optimizing Blockchain, which features multi-chain collaboration and decoupling of data blocks and controls. Features MATRIX — — Intelligent Blockchain -

EASIER  Allow everyone to explicitly design intelligent programming contracts
SAFER  Makes blockchains more powerful in malicious attacks -
FASTER  Enable faster applications and transactions — Flexible  Integrate public and private chains with adaptive optimizing capabilities.
Benefits of the matrix

1 Smart smart contract generation Although smart contracts provide an important ability for principals to deal with commercial behavior of scale, they require users to be able to write programs in a particular programming language. With MATRIX, programming skills are no longer required to design smart contracts. The unique code generation technique from MATRIX allows automatic conversion of an abstract description of a smart contract into an executable program. Matrices only require users to include core elements (eg, Input, output, and transaction conditions) of a contract with a scripting language (and natural language such as English later). Then code generators based on deep neural networks can automatically convert scripts into equivalent programs.
1.2 Smart smart contracts Smart contracting programs can call the functions offered by host systems and / or third-party libraries. In addition, programs running on different computers in a distributed framework provide no guarantee whatsoever for execution time. Such openness and decentralization is a reflection of an essential spirit, but it spawns various sources of security threats. Actually, the lack of security disrupts the smart contract. The MATRIX block is equipped with a powerful AI security engine that consists of four main components,

1). Semantic analysis and rule-based syntax for smart contracts,
2). formal verification toolkit to prove the nature of intelligent contract security,
3). AI based detection engine for transaction model identification and security checks, and
4). platform based on in-depth learning for verification and enhancement of dynamic security.

1.3 High-speed transactions Currently all public chains suffer from long transaction latency issues and low transaction throughput. In particular, it takes more than 30 minutes for Bitcoin to complete a single transaction, while the Ethereal transaction throughput is only 10 Transfer Per Second (TPS). In fact, blockchain relies on P2P networks to validate transactions. Because a transaction needs to be broadcast to all nodes in a network, the overall latency must increase as long as more nodes join the network. MATRIX resolves the problem by dynamically selecting a network of delegates where all nodes are selected as delegates of others. All Proof-of-Work (PoW) processing is only allocated within the delegation network, which only leads to much smaller latencies due to fewer number of nodes. A random selection process in the sense that the node is selected with probability proportional to Proof-of-Stake (PoS). The online version of MATRIX will support 100,000 TPS throughput. 1.4 MATRIX flexible block management is designed to be a very flexible blockchain. Flexibility is twofold. First, MATRIX offers access control and routing services to enable the integration of private chains into shared public chains. Such features meet the requirements of many industry and government players, while at the same time allowing the necessary flow of information from the public chain to a public company and vice versa. Second, MATRIX uses a reinforcement learning framework to optimize its parameters (eg, consensus mechanisms, and transaction configuration) evolutionarily. The optimization paradigm ensures dynamic parameter renewal for optimum performance without risk of creating hardfork. 1.5 Incremental mining values ​​Perhaps the most debatable part of the cryptocurrency is the energy “waste” in mining calculations. While it is important to attach social value to cryptocurrency, the mining process does not make sense from the world of digital currency. The problem is even worse when now more than 70% of the total computing power worldwide is dedicated to Bitcoin mining and others. MATRIX introduced a new mining mechanism in which miners perform the calculations of Markov Chain Monte Carlo (MCMC), which is an important tool for Bayesian reasoning. MCMC-based Bayesian computing plays a fundamental role in many large data applications such as gene regulatory networks, clinical diagnosis, video analysis, and structural modeling. As a result, the distributed network of MCMC computing nodes provides the power to solve intensive computing problems in the real world and thus builds bridges between values ​​in the physical world and the virtual world.

ROADMAP

VISIT THE FOLLOWING LINKS FOR MORE INFORMATION

https://github.com/MatrixAINetwork/WhitePaper/blob/master/MATRIXTechnicalWhitePaper.pdf
http://www.matrix.space/
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