So I discovered MATRIX at the beginning of the week and must say its an insane concept/project and got pretty interested in it. I did some research about the project and tried to summarize the key elements for the project to decide if its worth to invest.
Here is my little list of (imo) the most important features:
- Matrix is an AI-Enabled autonomous self-optimizing Blockchain
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It is a Design of the new Generation of Blockchain Technology
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Uses Markov Chain Monte Carlo (MCMC) instead of the currently used Hash algorithm
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Instead of doing useless calculations (HASH) with MCMC its possible to use the computing power for research purposes and "sell" the computing power of the whole Network to external Research facilities or any other Company which can use the computing Power.
→ Currently used for AI Cancer Image detection (Liver/Thyroid detection already used in Chinese Hospitals)
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Unique Hybrid consensus Algorithm: Random POS selection of delegate node → nodes are then able/allowed to do POW. Cause of this hybrid POS/POW algorithm MATRIX is able to scale indefinitely (up to 1MM tp/s)
- Because of this unique consensus Algorithm the waste of energy is getting significantly reduced cause only the nodes which are selected by the POS are mining a Block instead of the whole Network (Current POW)
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Smart Contracts in Nativ Language: AI converts own Language into Code and smart contracts
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Self Optimizing AI for automatic security audits to detect errors/exploits in smart contracts before deploying
- This security audit would prevent hacks/exploits like the DAO hack or the current problem with Ethereum where it is/was possible to generate Coins by an integer overflow. If an smart contract doesnt pass the security audit it cant be deployed on the blockchain.
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Own Mining Chip Company for the unique Algorithms
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Already working Liver Cancer AI-Image Detection in multiple Hospitals
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Already working Blockchain in Testlab with 50000 tp/s
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One of the best Team in Crypto:
- Steve Deng: Chief AI Scientist/Chinas High Speed train Project/Professor at NVIDIA/AI Cancer Image
- Bill Li: Chief Network Architect/Major Contributor to 3G/4G/5G Standards/Chief Architect of Chinas first WiFi-Transceiver/...)
- Owen Tao: CEO/Lead alot of very Successfully high-tech Startups
- Alot of other Developers which came from the best Tech-Firms around the world (Microsoft/Facebook/Alibaba/Stanford and much, much more)
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The Foundation got founded from following 3 Persons which are now current in the adviser board:
- Michael Lai-Yick Ng: Was the Co-Founder of the Lenovo Group and has over 35 Years of experience in the technology sector in China.
- Ignatius Cheng Kwok-Lap: He was the CFO (Chief Financial Officer) of the Lenovo Group and is a member of the association Certified Public Accountants United Kingdom & Hong Kong
- Benedict Tai: Partner of a major US law firm with over 30 years of experience specializing in cross-border corporate finance.
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Biggest Partnership in Crypto: One Road one Belt Infrastructure Project
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Deep Connections to the Chinese Government - MATRIX ICO was the only Government approved ICO in China
So these are the features/key elements I found while researching this Project and are most relevant imo. If I forgot something essential I gladly add it to the list.
If you have any questions about this Summary or about the Project as a whole a gladly try to answer them or maybe even someone from the Team/Community is able to answer them.
Thanks for reading and I hope it helps to understand the Project/Vision of MATRIX or even helps to decide wether you decide to invest.
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