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Artificial intelligence (AI) seems to be everywhere these days. With the rise of ChatGPT and other trending AI applications, many cryptocurrencies have also rushed to adopt it. However, not all AI is the same. Logical-AI, an approach taken by Yeahhas been an integral part of agora token for a long time, and it is what differentiates it from other cryptocurrencies.
Agoras ($AGRS) It is the first cryptocurrency managed entirely by its users in a solid way. 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 a communication paradigm. Using Logical AI enables Tau to detect and calculate agreed constraints and highlight points of agreement, disagreement, and implications in conversations in formal languages. The resulting specification is executable by the Tau backend, creating correct-by-build software and giving users direct control over the network.
Are there other truly decentralized blockchains?
While many blockchain projects claim decentralized development, their methods cannot be considered robust because they ask their users to manually vote on code patches or use machine learning techniques for mass voting, which are statistical in nature. In addition, the code is implemented by a centralized development team that must be trusted, and even if trusted, you cannot write code with an accurate result test.
In Tau Net, users will govern the development of the system by saying how they want the network to be in the form of statements that satisfy the rules and the changes that will be implemented. The system will then calculate the agreement between the users and deploy the next version of Tau Net to 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 Agoras tokenomics, making Agoras the first fully and robustly user-managed cryptocurrency.
For example, a user may prefer a deflationary system that rewards active network participants. Another user might be actively participating in the network and would rather be rewarded for it. The next user might want Agoras to be deflationary. Tau Net will calculate the collective bargaining agreement on Agoras desired behavior and conclude that it will become deflationary by burning 50% of all transaction fees and will reward active network participants by redistributing 50% of all transaction fees between all active wallets that have the token. Tau Net will then automatically adjust the tokenomics to precisely match the specification.
The utility of Agoras
By leveraging Tau’s AI-based collaborative development technology, Agoras’ tokenomics and utility will evolve to reflect the collective desires of its users and represent the full purchasing power of all increasingly available assets in the system. Initially, Agoras will be used to trade knowledge, computing resources and derivatives.
User knowledge shared through discussions on Tau Net will be integrated into an extremely powerful knowledge base where users will have the option to make every piece of their knowledge accessible to the network in order to exchange it for Agoras ($AGRS) and others. assets. Tau Net will detect when a piece of a user’s knowledge is a solution to someone else’s problem and announce 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 computing resources on smartphones, laptops, and tablets, such as a CPU, hard drive, and GPU, available to trade and rent for Agoras and other assets in the Tau Net economy. While selling a fraction of your CPU in traditional markets can be very difficult, in the Agoras economy, even fractions of computing resources can be monetized. Combining the computers of millions of users will generate enormous computing resources, which could easily surpass all the servers of the largest technology 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, inflation-free interest on the token supply.
AI Cryptocurrency Benefits
While many cryptocurrencies are embracing AI that is based on machine learning, Agoras is unique in its use of logic-based AI. This approach, which is the foundation of Tau technology, allows Agoras users to have control over the network and its tokenomics, not only making it truly decentralized but also allowing it to evolve in a robust 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.
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