Designed to be the new generation blockchain, MATRIX leverages the latest AI techniques to revolutionise the landscape of cryptocurrency. MATRIX is different from previous blockchains. It offers breakthrough technologies in building AI-enabled autonomous and self-optimising blockchain with many innovative AI features that are applicable to the real world. By combining artificial intelligence and blockchain technology, MATRIX aims to revolutionise the user experience of blockchain’s complex functions. MATRIX AI Network is solving previous blockchain issues that limited public and commercial adoption, with creating an easier, safer and faster blockchain network.
Below, I will present you with the information found on MATRIX’s Business Whitepaper, that speaks about variety of innovative MATRIX features and how they are going to change the blockchain world.
Easy to Use Blockchain
Among estimated 7 billion people can write or speak, only 20 million can do programming. MATRIX allows a user base that is 350 times bigger than that of Ethereum. The larger use certainly guarantees the liquidity of MATRIX tokens. With MATRIX, no programming expertise is needed any more for designing smart contracts. Anyone who needs smart contracts can directly implement them with natural languages. The AI techniques in MATRIX upgrade smart contracts to the next generation, intelligent contracts. MATRIX revolutionarily extends the depth and breadth of blockchain applications by automatically generating contracts from prototyping concepts and making smart decisions based on historical data. MATRIX’s auto-coding Intelligent Contracts is using innovative MATRIX Semantic Analysis Engine. It handles the automatic generation of Intelligent Contract code. The user simply types or speaks the features that they want to include. Then, the Intelligent Contract automatically handles the coding. The MATRIX AI Network team has designed this engine by conducting extensive semantic analysis of countless open source smart contracts to develop a proprietary deep learning model. This deep learning model allows the MATRIX Semantic Analysis Engine to perform semantic analysis on Intelligent Contracts. MATRIX’s approach is to use the natural language to automatically convert this user intent into smart contract code.
Safer Blockchain
The irreversibility and anonymity of blockchain transactions suggest that the digital can be under serious risk. The DAO attack already demonstrates how smart contracts can be exploited. The MATRIX blockchain is equipped with a powerful AI security engine, which is able to identify bugs and vulnerabilities in intelligent contracts. MATRIX leverage the power of AI to build a robust blockchain so as to maintain the safety of digital assets under malicious attacks. MATRIX offers an overall security framework consisting of four major components, 1) a rule-based semantic and syntactic analysis engine for smart contracts, 2) a formal verification toolkit to prove the security properties of smart contracts, 3) an AI-based detection engine for transaction model identification and security checking, and 4) a deep learning based platform for dynamic security verification and enhancement. Because it is adaptable, the AI will self-optimise over time and improve at finding additional defects. This will save companies and users time and money that would otherwise have been spent on consulting fees paid to third audit parties.
Faster Blockchain
The transaction speed is the most influential factor on user experience, while the transaction throughput is the most important feature to support large-scale commercial applications. By enabling an unprecedented transaction efficiency, MATRIX is designed to unleash the real power of blockchains. The unique dynamic hierarchy generation mechanism of MATRIX enables a blockchain network with superior transaction speed. MATRIX enables high-speed transactions by dynamically generating a hierarchy in the blockchain network. An distributed clustering algorithm is devised to cluster nodes into disparate groups and a delegate is voted in each group with an evaluation function considering both fairness and randomness. The delegate nodes form a temporary P2P network to exchange transaction information and perform PoW computations. The winner delegate shares the PoW reward with other nodes in its cluster. MATRIX’s unique dynamic delegation network will enable the network to achieve incredibly high transactions speeds. Matrix adopts a Hybrid PoS + PoW consensus mechanism, instead of the traditional PoW Hash computations.
Resources:
https://www.matrix.io/html/MATRIXBusinessWhitePaper.pdf — MATRIX AI Network Business Whitepaper,
https://www.matrix.io — Official MATRIX AI Network website.
https://medium.com/@pukis3891/matrix-fixes-the-blockchain-security-vulnerabilities-57730d28827e
