Tuesday, July 31, 2018

Skynet: The First Blockchain Chip

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ABOUT SKYNET

Skynet is a secure end-to-end, decentralized platform that enhances collaborations as well as intelligence between all the gadgets within the network. The system will, therefore, solves the inherent problems of IoT. It is a brilliant concept that will take the Internet of Things to the next level. The problems hindering the attainment of the full potential of Internet of things also affect negatively the adoption of digital currency. So, besides Skynet, Propelling IoT to greater heights it will foster the adoption of blockchains, allowing everyone to enjoy the benefits of cryptocurrencies. 

Internet of Things (IoT) refers to the ever-increasing number of devices connected to the Internet, like smartphones, smart cities, computers, and airplanes. The three main obstacles withholding potential of IoT are intelligence, connectivity, and functionality. Skynet seeks to create OpenSingularity, a neutral processing core that is optimized for blockchain as well as the in-built blockchain network.  

Skynet Core is a license free Risc-V Blockchain Chip that can replace the existing CPU with a core optimized for the Internet of Things and Blockchain Technology.

SKYNET FEATURES

The platform is composed of Skynet Open Network (SON) that has the following attractive features;

  • Delegated Proof of Stake; this is a Tendermint Byzantine architecture capable fo facilitating thousands of transactions every second per chain.
  • Devolved Exchange; the system networks can automatically exchange tokens without involving standard exchanges like Gemini.
  • Cross-Network Communication; it contains protocols that can be used to connect the network to others like Ethereum and ZCash.

 SKYNET INNOVATIONS

Skynet Protocol

OpenSingularity aggregated all the design propositions into Skynet, a safe end-to-end, distributed artificial intelligence system that will foster collaboration and intelligence between all the devices in its network. To address both the adoption of cryptocurrency and limitations of intelligence in hardware, Skynet is comprised of Skynet Core, a neuro-processing blockchain chip. To address the scalability, overhead, and limited applications in traditional blockchain networks, Skynet is also comprised of SON, an infinite-blockchain network.

Skynet Adoption Plan

OpenSingularity believes that there is a need for an alternative to ARM in the IoT semiconductor industry, and by bringing a license-free Blockchain Brain Chip IP core and open source RISC-V ISA architecture design to the semiconductor industry, OpenSingularity will enable many companies to design high performance and energy efficiency consumer ASICs at a reduced cost. OpenSingularity’s RISC-V AI blockchain core license-free model will provide a free competitive alternative with added features of coupling devices with a blockchain network and a brain-on-chip system. With the license-free business model, companies and SoC designers will be able to use a similar core with the same functionalities but optimized for the blockchain.

Skynet Token

Skynet Token is the native staking token of the Skynet Open Network and SON Fabric. In Proof-of-Stake blockchains, the creators of each block are chosen by random selection in a round-table like fashion according to how much coins or value the person holds. To provide incentives for participants to stake the currency, the Skynet token is solely designed for staking whereas block rewards and fees are distributed in another token. Interestingly enough, Skynet tokens can be used for staking with other IoT Chains.

Skynet Open Network

Skynet Open Network, Singularity, also known as an AI KnowledgeNet or Virtual Application Layer, is
an extension of Nova and Idex, enabling a series of interoperable applications for interactions and learning between Skynet Cores and other IoT devices. More specifically, these are for decentralized machine learning, distributing computation, and data sharing. The applications can be tied in with Singularity’s multi-chain marketplace where devices can agree on values for their training data or computational power.

Blockchain Hardware

Skynet Core contains revolutionary patent pending ideas such as the embedded Hardware Wallet and compact Crypto CPUs to provide the real-world infrastructure for blockchain technology. With the hardware, Skynet Core devices will be able to run high throughput blockchain networks and securely protect cryptocurrency from theft. Skynet Core will come with its native blockchain network hardware wallet and its cryptocurrenices, giving billions of devices immediate access to the fastest IoT blockchain network.

SON TOKEN ICO

Skynet ICO token sale will take place in six stages. The first involved selling 66,666, 666,667 SON token at a price of 0.00035 per token. Buyers of tokens at this stage were entitled to 50 percent bonus. The second stage will involve the sale of 7,142,143 SON tokens at a price of 0.00035 per token. This stage will entitle buyers to a bonus of 40 percent. All subsequent stages will attract a bonus that reduces by 10 percent such that sixth stage will attract zero percent bonuses. The price for tokens will remain the same at 0.0035. The tokens on sale for stages three, four, five and size will be 7,692, 307,692, 8,333,333,333, 9,090, and 909,091 respectively.

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CONCLUSION

Skynet is a highly advanced project at this time and when the demand increases, you are going to see the price skyrocket. I always look for utility tokens which have price increase in the future. There are a lot of information about the project in the light paper and whitepaper, make sure to check it. You would shocked if you know about the number of transactions per second! One million transactions per second, is it even possible. We need to wait and see, Make sure to whitelist with the project by providing your email address and other info.

For more about this wonderful platform you can visit these following links:


Author: Binar Bumi
Bitcointalk Username : binar234
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