Fetch.AI has built the world’s first adaptive ‘smart ledger’ which enables Autonomous Economic Agents to perform proactive economic activity by adapting to events in the real world in real-time. The network is capable of handling millions of transactions every second, powered by a collective super-intelligence and a unique Useful Proof of Work system. Fetch delivers the missing critical infrastructure for tomorrow’s digital economy.
Fetch.ai’s utility token FET was designed to find, create, deploy and train autonomous economic agents and is an essential part of smart contracts and oracles on the platform. Through the usage of FET, users can build and deploy their own agents on the network. Developers, by paying with FET tokens, can access machine-learning-based utilities to train autonomous agents and deploy collective intelligence on the network.
Validation nodes are also enabled by staking FET tokens, which facilitates network validation and reputation as a result.The Fetch.ai technology stack has four distinct elements, which are: The Agent Framework — provides modular and reusable components that aid in building multi-agent systems. The Open Economic Framework — provides search and discovery functions to agents. The Agent Metropolis — a collection of smart contracts that run on a WebAssembly (WASM) virtual machine to maintain an immutable record of agreements between agents. The Fetch.ai Blockchain — combines multi-party cryptography and game theory in order to provide secure, censorship-resistant consensus as well as rapid chain-syncing to support agent applications.
When it comes to the platform’s core components, there is the learner where each participant is the learner in the experiment, representing a unique private dataset and machine learning system. There is also the global market, which is the result of a collective learning experiment, where the machine learning model is trained collectively by the learners themselves. Next, there is the Fetch.ai Blockchain that supports smart contracts which permit coordination and governance in a secure and auditable way. Lastly, there is the decentralized data layer based on IPFS which enables the sharing of machine learning weights between all of the learners involved.
- Fetch.AI proposes a massive decentralised digital world
- The network can handle millions of transactions every second
- Autonomous Economic Agents inhabit the digital world and can represent consumers and providers
- Secure System
- The integrity of the ledger is sustained by the Open Economic Framework
- Exploitation of data leads to the creation of new marketplaces
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Attention. There is a risk that unverified members are not actually members of the team
Fantom is not the first platform aiming to simultaneously process multiple blocks. IOTA, Byteball, Nano and Hedera Hashgraph already started developing projects with somewhat similar technology. There is no link to GIthub or other source to track the product development Currently, beta version of the platform is not available for the public A detailed roadmap has not yet been published.
Now project team does not have marketing specialists with proven track-record.
Positives:ICO on Binance Launchpad hence exchange listing guaranteedPrivate sale tokens locked for 3 months so no dump Bittorent secondary market performance reflect demand for ICOs listing on Binance fetch ai will certainly do goodNegatives:Long Roadmap Mainnet expected to go live by Dec 201920% Tokens sold for Private & Crowdsale rest held by foundationTeam and advisors could be better Verdict:Overall the project looks good due to low initial circulation supply and Binance guaranteed Listing. Private sale tokens are locked for 3 months and post that they have linear vesting. I am Certainly investing in the ICO Rating:Short-term: GoodLong-term: Uncertain
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