Did you miss our Q&A session for the Matrix AI Network Vietnam Telegram Community on July 28, 2022? Check out the full transcript below!
A transcript of the Q&A with Matrix AI Network Vietnam Telegram Community Manager Brian and Matrix AI Network community head Sercan.
Brian : Hello @sercanmatrixai Welcome to Matrix AI VietNam.
Sercan : Thanks Brian. Hello community. It’s my pleasure to be here.
Brian : Nice. Can you introduce a little bit yourself to our MatrixAI Network Vietnamese Community?
Sercan : Hello, I’m Sercan. I am the community head of the Matrix AI Network project. I’m so happy to be able to do AMA with the Vietnamese community, which is new and valuable to us here.
Brian : Thanks for your introduce.
Brian : Q1.Can you briefly describe what is MatrixAI ? We would like to know more about it and how it works.
Sercan : Of course, with pleasure.
MATRIX AI Network was founded in 2017. It is an open-source, high-performance public chain created by world-class Chinese scientists and features a new 3rd generation Blockchain that uses the latest AI techniques to revolutionize the cryptographic environment.
With the combination of blockchain and artificial intelligence technology, MATRIX has created a revolutionary cryptocurrency that supports significantly increased transaction speed, superior accessibility for general users, enhanced security against malicious attacks, and highly flexible transactions.
Matrix Blockchain has successfully performed 50,000 transaction speed tests per second. Our blockchain supports a speed of 100,000 transactions per second when required. The real world TPS of Matrix Mainnet is 12499. This is a remarkable achievement among other unshared public chains of the world. We are proud of that too.
AI+ has hybrid pow+pos consensus mechanism.
This high performance open source public chain is our current version of MATRIX 1.0. After completing this high-performance blockchain, we launched the MATRIX 2.0 plan. The core of this plan is to create a decentralized artificial intelligence ecosystem based on high-performance blockchain.
Matrix is building a multifunctional AI service platform featuring computing power leasing, authentication and transaction of data, algorithm models and digital assets, AI services, et
Complated.
Brian : Q2.What are the outstanding features of the MatrixAI project?
Sercan :
Compared with the average decentralized AI platform, Matrix provides a complete ecosystem of solutions for building AI services. The multidimensional big data platform supports AI scientists’ demand for data; MANTA provides scientists with affordable computing power; MANIA help scientists authenticate their works; MANAS delivers their services to businesses and customers for commercial use. All this, combined with an open platform, will create endless opportunities.
MANTA, is the world’s first auto-machine learning platform. Thanks to the platform, the ownership and usage rights of users’ data can now be separated for better protection, More importantly, AutoML will help AI scientists improve the efficiency of their workflow, creating more and better algorithms and services under the same cost. This will attract more AI scientists to the Matrix ecosystem and more AI algorithms and applications onto MANAS.
NFT is a trending topic these days, and Matrix has taken the innovative approach of integrating AI algorithms with NFTs. This way, the works of AI algorithm scientists can be converted into digital assets stored onchain, which can then be used by or traded among community members. This solution guarantees the protection of AI intellectual properties and also boosts the liquidity and value of algorithms. Most importantly, this also marks the first time NFTs with practical value are created.
Matrix has a unique edge over competitors in three ways:
1. High quality source materials (computing power and data) for algorithm scientists;
2. Fewer barriers for AI algorithm creation thanks to AutoML, thus better and more diverse services;
3. An open platform with endless possibilities.
Matrix is pioneering the integration of AI and blockchain, and it will only be a matter of time before Matrix becomes a giant in both industries.
Completed.
Brian : Thanks for your answer. it’s amazing.
Q3.What role does the $MAN token play in your ecosystem?
Sercan : MAN coin is the Universal Pass on MATRIX AI Network.
On MATRIX AI Network, MAN tokens are used for rewarding, payment and digital asset authentication.
Rewarding
Block-generating miners, transaction validators, and participants in the MATRIX ecosystem have the privilege to earn MAN tokens as a reward.
Payment
From leasing spare computing power to purchasing AI services, on MATRIX AI Network everything is paid in MAN.
Digital Asset Authentication
The process of converting computing power, algorithmic models, or AI artworks into digital assets involves burning a required number of MAN in the forging of NFTs.
I also share our tokenomics for your review ;
Complated.
Brian : End of session 1. We will move on to session 2.
Q1- SECURITY is important to all projects and platforms. How does Matrix AI Network keep users’ assets and personal data safe from hackers? How would you guys react if there was an attack on the Matrix AI Network platform?
Sercan : Good question.
The MATRIX AI Network team takes cybersecurity very seriously and uses all means necessary to prevent attacks. With the help of Artificial Intelligence, the cybersecurity feature of the MATRIX AI Network identifies potential loopholes and malware and intents, while at the same time providing security even under high-intensity attack using a generative competitive network. Additionally, MATRIX AI uses simulated attacks over the encounter network for enhanced network security. And, an AI-powered GAN security system and a fair consensus mechanism also help counter these attacks.
While it is always important to be mindful of the realities of cybercriminal activity, at the same time, as blockchain features evolve, existing security measures will also be put in place to protect you or your business. MATRIX AI Network is at the forefront of this with the added benefit of complex AI mechanisms.
Complated.
Brian : Q2 -How does project increase the token’s value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term ?
Sercan : First of all, let’s take a look at what Matrix is building on this powerful blockchain;
A Distributed AI Service Platform called MANAS,
An automated machine learning platform called MANTA
A platform dedicated to AI-related NFT asset generation and authentication called MANIA
An industrial network service platform called MANITO
Of course, we also have strong ecosystem projects.
The arrival of MANAS will mean more profits for AI model builders and miners of the Matrix ecosystem. As the platform evolves and customers with all kinds of needs join the ecosystem, there will be a huge demand not only for algorithm models, but also for data to support algorithm training. People who provide data to MANAS will be rewarded alongside algorithm scientists and miners.
More importantly, all transactions at MANAS will only be made through MAN, which will further increase MAN’s demand and liquidity.
MANTA will lower the barrier to entry to AI algorithms. This will undoubtedly attract more developer and corporate clients to the Matrix ecosystem, which will further solidify its value and increase MAN’s liquidity.
Finally, as more people use MANTA, there will be more demand for computing power in the Matrix ecosystem. For miners, this will bring them lucrative rewards and attract more people to become computing power providers for the Matrix, further expanding the scale of the decentralized computing power distribution platform. All this will help Matrix optimize marginal costs and create an efficient cycle by delivering quality computing power for future customers at a better price.
Expensive computing power. Most companies and individuals today have varying degrees of demand for AI services, but few can afford the high cost. The arrival of MANTA is expected to change this situation.
MANIA
Authentication, printing NFTs etc. All MANIA functions, including MANIA, require MAN for payment. This will increase MAN’s liquidity and value.
MANITO (MAN Industry Tech Open Platform) is one of the pillars of MATRIX 2.0. All Belt and Road projects where Matrix is located in Xinjiang can be adapted for future services targeting customers in the manufacturing and energy industries. These services will work with the computing power of the Matrix and will need MAN for settlement. All this will mean more revenue for Matrix AI Network miners and more liquidity for MAN.
From our AIRTIST ecosystem projects;
AIRTIST aka MANART is a Blockchain powered artificial intelligence based art platform.
After users create their own digital artists and artworks, they will be able to print them on the Blockchain.
1. Training AI artists to create art
2. Printing and trading of NFTs.
If we tell you how AIRTIST will benefit the MAN value;
AI artist training and AI art creation will take place on the Matrix Mainnet, and the resulting algorithms and artwork will be stored on the Matrix Network. The computing power used for training and IPFS storage will be paid for at MAN. All this will create more use and liquidity for MAN.
Our strong ecosystem project that will break new ground in the field of play;
Our OceanPark ecosystem game.
Oceanpark was started by early Matrix community members.
Matrix AI will be used to provide automated P2E. And finance strategy for users. In future updates, the game will be integrated into the Matrix economic ecosystem and will introduce situations that require MAN.
MAN will be directly used in all projects of the Matrix.
I think these answers were enough to get everyone very excited. 💸🔥👊
Completed.
Brian : Awesome.
Q3-What is the strong motivation of investors for staking on the Matrix platform? what are the advantages over competitors? Are there any requirements for staking MAN?
Sercan : Good question. Generally, staking in bear markets is ideal for communities.
Matrix offers the ideal staking payment system. High returns always bring high risk. We have all seen the projects that have experienced the result of this recently.
It provides an annual return of 10% to 12%.
By supporting the operations of the Matrix blockchain by staking, you keep your MAN tokens in your wallet for a certain period of time and keep them without spending, both you contribute to the blockchain and you are rewarded by receiving MAN for the time you lock. In addition, when you lock it, you will attract MANs from circulation and help the price go up.
Many of us have been staking for a long time. It looks pretty snowy. In fact, there are currently 215,529,486.475 MAN stakes in our network. 👈👈
You can start staking without wasting your time. I share our guide for those who want to stake; https://matrixainetwork.medium.com/man-staking-guide-3ca5765f353
I also stake and I am quite satisfied. Our community managers will occasionally recommend efficient, hassle-free staking pools. Complated. thanks.
Brian : Q4-How will Manta provide solutions for metaverse?
Sercan : MANTA of the Matrix ecosystem offers the perfect solution for building such a brain for the Metaverse.
MANTA (MATRIX AI Network Training Assistant) is a distributed auto-machine learning platform built on Matrix’s high-performance blockchain. The platform is essentially an AutoML application together with its deployment system, which uses distributed network technologies for acceleration. The AutoML network searches for a high-precision and low-latency deep model, which is then accelerated through distributed computing. MANTA has two core functions: auto-machine learning (Auto-ML) and distributed machine learning. The framework for the latter is a perfect distributed privacy-preserving computation network
The speed of network searching and training will be further accelerated through distributed GPU parallel computing on MANTA. MANTA’s distributed machine learning is essentially a set of distributed parallel algorithms, which support parallel data and parallel models for acceleration. The idea behind all this is to distribute the data generated in each iteration to different GPUs for forward and backward computing. In each iteration, each GPU will be sampling the same sub-model. Distributed parallel model algorithms are different from parallel data in that, for each iteration, MANTA allows different nodes to sample different sub-networks and conduct a global exchange of gradient information after each node has completed its gradient integration.
Due to the characteristics of MANTA and Matrix’s unique consensus mechanism, this network will be capable of connecting the idle computing power of the world.
Your iPad or iPhone could contribute computing power to Matrix while you sleep at night. At the same time, MANTA has a principle of using your own resources to serve yourself first. When your own devices are idle, the system will prioritize using their computing power to support your Metaverse activities. This allows a lower-level privacy strategy to be used to improve efficiency. When using computing power from unknown devices, a higher-level privacy strategy and distributed computing involving more nodes will kick in. We call this smart edge computing, which may eventually prove to be the solution for the huge amounts of privacy-preserving computation necessary for the Metaverse.
As far as we can see, the scale of data and computing power will be the single biggest limiting factor for the development of the Metaverse.
This challenge will be present at every step in building the Metaverse, and we must find out how to restructure and reassemble data and computing power in order to guarantee user privacy in the midst of the lightning-fast exchange of information. We must also know how to integrate idle computing power from nodes around the globe so they can work seamlessly. These are the focuses of the Matrix team.
We cannot put our finger on by what exact time we’ll gain sufficient and stable computing power to bring the Metaverse to its full potential. But we know that MANTA’s approach to distributed large-scale computing power will play a key role in this, which won’t just benefit the Metaverse, but also be critical for the success of Web 3.
You can read our articles titled The Brain of the Matrix Metaverse and get more detailed information.
https://www.matrix.io/blog/MANTA%E2%80%94The_Brain_of_Tomorrow_s_Metaverse_1_186.html
https://www.matrix.io/blog/MANTA%E2%80%94The_Brain_of_Tomorrow_s_Metaverse_2_187.html
https://www.matrix.io/blog/MANTA%E2%80%94The_Brain_of_Tomorrow_s_Metaverse_3_188.html
https://www.matrix.io/blog/MANTA%E2%80%94The_Brain_of_Tomorrow_s_Metaverse_4_189.html
I would like to say that soon it will be possible to mine GPUs, CPUs and TPUs, some of our partners are currently in the testing process, MANTA and MANAS will be made available on our network.
I can even say that those who do not want to do mining can rent their idle computing power to small and medium-sized companies.
Complated.
Brian : Q5-You’ve also used the phrase “Multi-Asset Staking” a fair bit…
How does this differ to single asset staking and what’s the point of it contextual to the $MAN Network?
Multi Asset Staking I think you are talking about Matrix pools.
Matrix Hybrid POW+ has POS consensus mechanism. POS staking also provides many benefits to its participants.
Setting up and managing a staking pool often takes a lot of time and expertise. Moreover, you need to have good equipment.
Matrix AI Network supports Validator Masternode Pools.
There are two primary roles as it pertains to Joint Mining: the creator and the pool participants. Creators deploy the Verification Masternode and manage all equipment. Participants contribute stake to increase the strength of the Verification Masternodes. Participants do not need to manage or contribute hardware.
A staking pool is when a coin holding group pools its resources to increase their chances of block validation and rewards. They join staking forces and share rewards in proportion to their contribution to the pool.
is that the investor does not have to learn how to run his own pool.
They also do not need to install and run a validation node.
The owner of the pool will deal with them for you.
In Proof of Stake, the one with the most coins/tokens has the highest chance of validating the block.
Stakeholders receive their shares in proportion to the number of tokens staked. Thus, if the price of the staked token rises over time, investors can get higher returns.
So, small miners have the opportunity to get a big reward thanks to the pool.
Therefore, a Matrix “Pool” system was created to bring together miners pooling their resources, so that the Pool will approve the block and the reward will be distributed proportionally to the participation of each member of the Pool.
This way, when the Pool is large enough, it is guaranteed to receive rewards with only minor changes and more equitably (in proportion to the participation of each).
If I summarize; You have the best chance of betting on the pools even without locking your MAN.
Our formula is as follows:
For more detailed information, please review our Matrix staking guide.
https://matrixainetwork.medium.com/man-staking-guide-3ca5765f353
Complated. Thanks
Brian : End of session 2
We’ll move on to session 3
Session 3: Free Asking (will choose 5 question
Hello @sercanmatrixai Do you have any plan for burning tokens in the future to reduce the supply of the token and increase its investment attractiveness?
Sercan : Not currently on the agenda. It will be on the agenda when our platforms are published in the future.
On our NFT Platform, if you want to print NFT, you will have to burn some MAN.
Many projects have problems with UI / UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?
Sercan : Our eco system teams are currently working on UI/UX, community will be informed soon
Hello @sercanmatrixai Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project??This looks like an amazing project!
Sercan : The Matrix AI Network community is a large community, so it includes participants from every country. We currently have 9 different local groups. Local admins of each group are in constant communication with the community. This is one of the important factors that distinguishes Matrix from other projects.
We will continue to expand to different countries and expand our communities. We are continuing the preparatory work for this.
Hello @sercanmatrixai Can u asnwer my question How can I buy this token? Is it available on any exchange?
Sercan : Currently available on Gate.io and Kucoin exchanges. We will see more tier 1 exchange listings this year and in the future. We continue to communicate with major exchanges. You can find the MAN token on these exchanges.
According to the project’s roadmap- what are your most important next priorities?
Sercan : The Matrix developer team is working hard to complete the current roadmap. Progress on the roadmap was continuously shared with the community as a bi-weekly report. In this way, the community is constantly kept up to date with developments. A new roadmap, where we will learn the important points together, will be published soon.
I think we’re going to get a lot of information about DID, Metaverse, Web3.
Follow us with excitement. We have the best team in artificial intelligence in China or the World.
I think I chose 5 questions.
Brian : Allright, I declare the Vietnamese Community AMA has ended.
Thanks to @sercanmatrixai| SerCan MatrixAI joined us and provided us with MatrixAI Network information, we hope that this knowledge makes us understand more about matrix.io
To the members, thank you for following this event to the end. winners will be announced soon.
Sercan : Thanks Brian. Thanks for the opportunity and I hope your community has learned more about our amazing project!
Where can you follow us?
Website: https://www.matrix.io/
Twitter: https://twitter.com/MatrixAINetwork
Telegram: https://t.me/matrixainetwork
Instagram: https://www.instagram.com/matrixainetwork/
Reddit: https://www.reddit.com/r/THEMATRIXAI
Medium: https://medium.com/@matrixainetwork
Youtube: https://www.youtube.com/c/MATRIXAINetwork
Github: https://github.com/MatrixAINetworkMan
Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain.
FOLLOW MATRIX:
Website | GitHub | Twitter | YouTube
Telegram (Official) | Telegram (Masternodes)
Owen Tao (CEO) | Steve Deng (Chief AI Scientist) | Eric Choy (CMTO)
