Agoras Leads the Way in AI-Based User-Controlled Cryptocurrency
Agoras Leads the Way in AI-Based User-Controlled Cryptocurrency
Agoras Agoras Leads The Way In AI-Based User-Controlled Cryptocurrency sponsored Artificial intelligence (AI) seems to be everywhere these days. With the rise of ChatGPT and other trending AI applications, many cryptocurrencies have been rushing to adopt it as well. However, not all AI is created equal. Logical-AI, an approach adopted by Tau, has been an integral part of Agoras token for a long time, and it is what sets it apart from other cryptocurrencies. Agoras ($AGRS) is the first cryptocurrency entirely run by its users in a sound manner. It is the cryptocurrency of Tau Net, a user-controlled blockchain network. This unprecedented user control over the network and its tokenomics is made possible by Tau technology, which is based on the use of Logical AI – a combination of a unique software specification language and communication paradigm. The use of Logical AI allows Tau to detect and calculate agreed constraints and highlight points of agreement, disagreement, and implications across conversations in formal languages. The resulting specification is executable by Tau’s backend, creating correct-by-construction software, and giving users direct control over the network. Are other blockchains really decentralized? While many blockchain projects claim to have decentralized development, their methods cannot be considered sound because they ask their users to vote on code patches manually or use machine-learning techniques for mass voting, which are statistical in nature. Further, code is implemented by a centralized development team who has to be trusted, and even if trusted, cannot write code with a proof of accurate outcome. On Tau Net, users will govern the development of the system by saying what they want the network to be like in the form of statements that satisfy rules and changes to be implemented. The system will then calculate the agreement among the users and implement the next version of Tau Net into the next block in the blockchain. How Agoras works The economic aspect of Tau Net will be fully powered by Agoras. Tau Net users will be able to collaboratively and continuously influence every component of the Agoras tokenomics, which will make Agoras the first cryptocurrency fully and soundly run by its users. For example, one user might prefer deflationary system that rewards active participants in the network. Another user might actively participate in the network and prefer to be rewarded for it. The next user might wish for Agoras to be deflationary. Tau Net will calculate the collective agreement on the desired behavior of Agoras and conclude that it will become deflationary by burning 50% of all transaction fees and reward active network participants by redistributing 50% of all transaction fees across all active wallets that hold the token. Tau Net will then automatically adjust the tokenomics to accurately match the specification. The utility of Agoras By leveraging Tau’s AI-based collaborative development technology, Agoras tokenomics, and utility will evolve to reflect its users’ collective wants and will represent the total purchasing capability of all increasingly available assets in the system. Initially, Agoras will be used to trade knowledge, computer resources, and derivatives. User knowledge shared through discussions on Tau Net will be integrated into an extremely powerful Knowledgebase where users will have the option to make each piece of their knowledge accessible to the network in order to exchange it for Agoras ($AGRS) and other assets. Tau Net will detect when a piece of a user’s knowledge is a solution to someone else’s problem and advertise it to them. This will give users an unprecedented opportunity to earn from their knowledge effortlessly, directly, and continuously. Users will also have the option to make idle computer resources in smartphones, laptops, and tablets, such as a CPU, hard drive, and GPU available to trade and rent for Agoras and other assets in Tau Net’s economy. While selling a fraction of your CPU in traditional markets can be very difficult, in the Agoras economy, even fractions of computer resources can be monetized. Combining millions of users’ computers will generate enormous computational resources, that could easily surpass all the servers of the biggest tech companies. Tau Net will also offer a derivatives market, in which, Agoras will be used to trade financial instruments such as futures and options. Agoras will also have the ability to provide risk-free interest without inflation in the token supply. Benefits of AI cryptocurrency While many cryptocurrencies are adopting AIs that are based on machine learning, Agoras is unique in its use of logic-based AI. This approach, which is the basis of Tau technology, allows Agoras users to have control over the network and its tokenomics, not only making it truly decentralized but also enabling it to evolve in a sound way. The use of Logical AI sets Agoras apart from other cryptocurrencies and paves the way for the next era of user-controlled cryptocurrencies. Join Tau Net and Agoras community and learn more at tau.net. Tags in this story This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Media Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on [[email protected]](/cdn-cgi/l/email-protection) to talk about press releases, sponsored posts, podcasts and other options. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. sponsored Agoras is the cryptocurrency of Tau. If you haven’t heard about Tau yet, it is the first-ever decentralized blockchain social network, that will be able to take the thoughts, advice, and knowledge of its users and update its own software in real-time to give all users control over what the software does for them and how it evolves at any scale. On Tau, your profile, holding all your opinions and knowledge, is called a Worldview. The consensus of everyone’s Worldviews will define the next version of Tau, bringing you the ability to create a new digital universe that you all control. The innovation of user-control will also be reflected in the Agoras cryptocurrency. Cryptocurrency run by its users The Agoras cryptocurrency will represent the value of everything you may want to sell or buy over the Tau network, from global knowledge to computer resources. By participating in discussions over Tau and updating your Worldview as a byproduct, you will be able to collaboratively and continuously influence every aspect of Agoras tokenomics, making it the first cryptocurrency fully run and amendable by its users. Versatile utility of Agoras The power of Agoras lies in the ever-growing assets of the Tau economy. As you will participate in discussions over Tau, your Worldview will instantly register and store every piece of personal knowledge you’ll share. All of this knowledge will be available for you to monetize. You will be able to sell it, rent it to other users, and trade it for other assets in Tau’s economy, allowing you to reuse your knowledge in multiple transactions for recurring automatic earnings. Knowledge monetization on Tau will also be much easier than current conventional ways to monetize knowledge, where you have to manually spend time giving elaborate consultations or answering specific questions. Since Tau will understand that even a piece of your knowledge can be part of the solution to someone’s problem, it will allow you to automatically combine the knowledge of multiple users to create solutions to significant and complex problems. This will guarantee that the acquired knowledge matches buyer’s specifications 100%. You might not even be aware that you have a piece of knowledge someone is seeking, and you might still benefit from it, because Tau will understand what knowledge is needed and who possess it over the network. Selling knowledge will not be the only means to earn on Agoras. You will also be able to make the resources sitting on your smartphone, laptop, and tablet such as a CPU, hard drive, GPU, and memory available to trade and rent for Agoras and other assets in Tau’s economy. While selling a fraction of your CPU in traditional markets might be nearly impossible, in Tau’s economy, your computer resources will become valuable because they will be combined with resources of billions of people, easily surpassing the power of all the servers of the biggest tech companies. On top of knowledge and computer resources, Agoras will also include a derivatives market that will feature financial instruments such as futures and options, and a unique ability to receive risk-free interest without inflation in the Agoras token supply. Automatically tailored deals The network’s ability to capture your personality will greatly improve deal-making as well. Since Tau will be able to automatically represent you and operate according to your Worldview, taking into account your philosophies, ethics, and desires, it will automatically determine and create the best possible deals for you and provide you a competitive edge in the market. This feature, called Autonomous Representation, will enable you to automatically and intelligently bargain with your Agoras, computer resources, and financial assets. On Tau, you will be able to get your desired deal without figuring out how to get it. All you will have to do is tell Tau your desired outcome and it will instantly create a deal-to-deal pathway that will ultimately exchange the goods you have for the goods you want. The platform’s revolutionary Logic AI engine will also automatically and autonomously handle every transaction involved. Your needs taken into account Transaction fees, consensus mechanisms, supply minting or burning, token-based voting mechanisms, and creative incentives for all users – everything in Tau’s economy can be invented, proposed, and reorganized by simply talking about what you would like it to be. Your opinion on how the world’s economy should function is in constant change, and as such, Agoras will ensure that its economics account for your Worldview, evolving with your wants and needs. Learn more about Agoras and Tau This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Bitcoin.com Media Bitcoin.com is the premier source for everything crypto-related. Contact [[email protected]](/cdn-cgi/l/email-protection) to talk about press releases, sponsored posts, podcasts and other options. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Top posts Binance3 hours ago British Bank Natwest Implements New Limits On Cryptocurrency Payments To Combat UK Crypto Scams On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost… altcoin5 hours ago Will Solana miss out on the current bullish market? 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