Matrix AI Network (MAN) Analysis
Market Cap
$14,565,838 USD
Volume (24h)
$2,476,280 USD
Top cryptocurrency services
Matrix AI Network investment analysis
This open source blockchain project plans to offer support for smart contracts and machine learning type service. These AIs will be used in many applications that they hope developers will use to solve tiny, but very time-consuming problems for users.
While many, many platforms offer the ability to use smart contracts, MAN does one better by allowing people to do so with no programming required. I believe soon that these types of ease of use functions will be a requirement for a successful project, and that gives me confidence in a Matrix AI Network investment.
How to buy?The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy Matrix AI Network?
You can, unfortunately, only buy Matrix AI Network on a few small exchanges. The only available trading pair is Ethereum, so you'll need to trade for some if you don't have it already. This can usually be done easily on the exchange or by using something like Shape Shift to swap currencies.
Seeing as this is an ERC20 token you can store it in any wallet that is compatible with Ethereum assets. Many wallets will work perfectly well for this, but if you need a recommendation then you can consider My Ether Wallet or perhaps a Ledger hardware wallet if you would prefer a cold storage option.
Is it safe to invest in MAN now?
There are hundreds of projects out there rushing to add smart contracts to the mix, and only the ones who do something very special will set themselves apart from the competition. If you invest in MAN, then you'll be pleased to know that they fit the bill exceptionally well for this. While initially, it seems they have much the same offerings as everyone else they're actually doing them in a very interesting way.
For example, while utilizing smart contracts is nothing new in cryptocurrency, the way they are going about it is. MAN offers intelligent contracts. These will require no programming on the part of the user, which I assume means they will be pre-made into an easy to use builder. This gives many more people access to blockchain technology without the lengthy learning process required for this new skill.
I'm confident that these types of ease of use features will be instrumental in the adoption of blockchain technologies in the near future. These tactics have worked similarly well in the past for everything from website builders to iPods. Apple wasn't the first company to build an MP3 player, but they were the first to make it easy enough to understand that anyone could use one. I see successful blockchain companies taking a similar path to this one.
Their network is also incredibly fast. So fast that it's on par with giant credit card processor Visa. They claim to be able to handle over a million transactions per second. If this is true then it is much faster than any other project I've read about which could be a very big deal for large-scale adoption.
Companies who would develop commercial applications need to know that they can conduct business in a secure manner that will happen quickly and efficiently. They also allow the integration of both public and private chains, which will be equally as important to big businesses. These companies will simply not want their sensitive data hosted on a public chain, and smart startups will address this concern.
In closing, Matrix AI Network has a dedicated team that is working tirelessly on their technology. Their innovation is refreshing when so many competitors are trying to push yet another DAapp clone on investors. The only problem with MAN is that their technology is not yet ready.
This could put them dangerously behind others in the space who are already operating. However, I feel that their technology is special enough that they could still make a place for themselves. Whoever manages to secure market share in this competitive space will have been presenting something great, and I think they might be able to do it. Their social media is a little quiet though, and I'd like to see a bigger marketing push from them. Their work is excellent, but more people need to know about it.
Related articles
AI and the Blockchain: How to Invest in This Exciting New Tech
Artificial Intelligence is one of the most abused buzzwords in cryptocurrency, but it is a legitimate niche that has stellar applications. In fact, it’s likely the area where we will see the most growth in the next few years.
Humans are becoming more and more connected to each other via the internet, mobile devices, social networks and other items, but now we’re looking to connect with more things. Not only can we communicate with each other, but now our cars, phones, appliances, homes and any other machines will be able to do so as well.
The Internet of Things is a network seeking to connect these machines and allow them to not only talk but also transact with each other. Unfortunately, this requires microtransactions, which up until now, there was no good way to transfer value between these services. Thanks to cryptocurrencies, this can now become a reality, and the way our devices interact will change the way that we do things every day.
How can the blockchain help facilitate AI distribution?
The blockchain offers an efficient way to not only host applications, but also to share them with others. This not only applies to apps like games, but also to artificial intelligence. In fact, some of the solutions we’ll be talking about will actually make it easy enough for anyone to deploy their own artificial intelligence software or smart contracts for whatever purpose they want with no programming knowledge.
Some of these services will even allow you to make money off of these solutions. Either through collecting data using products you already own or by selling your own software solutions to others that might require those services. Cryptocurrencies also allow for microtransactions that are needed to fund these interactions.
What cryptocurrencies are working on AI solutions?
Iota
Likely the most well-known project in this niche, Iota is the first one people think of when it comes to artificial intelligence. This cryptocurrency offers zero transaction fees, making it ideal for the microtransactions required to feed devices currently employed by the internet of things. The Iota foundation plans to make available a data marketplace, and in the not so distant future, a large number of connectable devices that you own will be able to participate in this network.
Essentially, it’s the sharing economy on steroids, and users will be able to sell information collected by their idle belongings. While social media giants and websites try their best to harvest data under sneaky hidden user agreements, Iota plans to give you the power to profit from your own information.
Sensors and data sources all over the world will feed valuable information into aggregators which can utilize this data for various purposes. The use cases for Iota are so vast that it can be overwhelming, but investors can envision this technology being used to collect things like weather data, traffic route optimization and to provide relevant data for logistics.
Adhive
This isn’t the application that people normally think of when it comes to AI, but it’s still an interesting use case. Adhive is an influencer marketing platform controlled by artificial intelligence. Influencer marketing is one of the most valuable forms of marketing, and it has blown up recently thanks to places like Youtube and Instagram providing mini-celebrities that are not only within the reach of smaller companies but could also be more profitable due to their niche and very engaged audiences.
The only problem with this strategy is that you must contact, negotiate and interface with each of these influencers individually. This is obviously very time consuming and inefficient for a large scale advertising deployment.
Adhive is using the blockchain and AI to alleviate this burden. Advertisers will be able to upload their requirements, such as requiring a mention in a particular post. They set their budget, and the project goes live. The advertising platform then automatically verifies via the AI whether desired actions have taken place.
Other users on the platform are then employed as quality control to make sure everything is up to par. After which both parties are paid for their contributions. This allows for corporate sponsors to easily create large scale promotions, and the platform is already up and running. Investors can see how it works by visiting the Adhive website.
Numerai
Numerai is a hedge fund that is run completely by artificial intelligence. You could call this a grand experiment in computer technology. By using this blockchain based platform, they want to connect their artificial intelligence software to the stock market. It’s also a giant competition.
Data scientists all over the world are challenged to create the best trading algorithms, and then they are rewarded with cryptocurrency for their efforts. Thus far, the plan seems to be working and the fund is making money. The project has unsurprisingly gained coverage by many financial based news outlets who are intrigued by their work.
The true goal of the project, however, is to find a way to let everyone win. Wall Street is competitive, and there’s no incentive to help anyone else succeed. Numerai hopes to create a system where cooperation is the key to fulfilling your own goals, and here it seems they have some more work to do as the scientists they employ continually try to game the system.
Matrix AI
This artificial intelligence blockchain project is doing much the same as their competitors, but they have one very important special feature. Ease of use. According to the team at Matrix, they don’t think smart contracts are very smart. While they allow users to perform lots of useful features, they are not in fact very user-friendly.
To that end, they’ve created what they call “intelligent contracts”, or ones that they believe are superior to what Ethereum offers. These software bits are pre-constructed, and they will allow anyone to deploy their own smart contract with zero programming knowledge. This essentially opens up the usability of smart contracts to anyone and not just those with blockchain programming experience. Users will only need to tell Matrix their purpose and conditions, and Matrix will create a smart contract for them.
They also offer a more lightweight network that’s capable of processing one million transactions per second, putting it far ahead of Ethereum’s processing power. Their built-in security features work around the clock, sniffing for vulnerabilities and evolving to meet any threats that the system may encounter in the future as well. The features offered by this project offer an exciting use case that allows for the mainstream to harness the power of AI and blockchain technology.
Singularity Net
Singularity Net is a decentralized marketplace for AI. While other platforms simply allow you to create and host your own solutions, this one will allow you to utilize the work of others as well. Users of this service will gain access to a database full of artificial intelligence services which they will be able to buy and sell. Much like SAAS products that have become popular as plugins for consumer software such as Wordpress or Shopify, these same developers will be able to monetize AI software as well.
Similarly, end users without programming knowledge will be able to purchase these AI for their own purposes to grow their businesses. The uses cases for this are abundant, but it could include things like security, financial trading, marketing, recommendation services and language processing for bilingual computerized customer service agents.
Conclusion
In closing, the applications for artificial intelligence are staggering. This industry has the ability to create many new jobs that could bring much needed income to many other sectors. The blockchain will be the on-ramp for these new services that will help us become more efficient in our everyday lives.
Which AI project you invest in will likely be a matter of opinion, but investors should remember to do their own research. This niche can be complicated, and it’s important that you have a firm grasp of a company’s technology, proposed solutions, development team, marketing plan, and the desire for their product before investing. There’s lots of options here, and investors would be wise to review all of them before making hasty investment decisions.
Leave your comment
Comments (0)
please enter the website