io.net

Bitcoin

io.net, a decentralized physical infrastructure network (DePIN), has partnered with FLock.io, a decentralized artificial intelligence training platform, to introduce “Proof of AI” (PoAI).
According to a press release shared with Cointelegraph, the new consensus mechanism, claimed to be the first of its kind, aims to improve decentralized network integrity.
In a written Q&amp;A with Milan Amin, chief marketing officer at io.net, Amin stated that PoAI will “enable decentralized networks to become more a trusted and scalable solution for AI applications.”
<blockquote>
 “This development aligns with the broader vision outlined by io.net, where the exponential growth in AI demands is met by decentralized networks that offer superior performance, scalability, and cost efficiency compared to traditional cloud providers.”
</blockquote>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/io-net-ceo-departs-days-before-token-launch" rel="noopener noreferrer nofollow" target="null" text="null">DePIN protocol io.net CEO departs 2 days before token launch</a>
<h2 id="the-new-consensus-mechanism">The new consensus mechanism</h2>
The PoAI mechanism is designed to ensure that those within DePINs genuinely contribute compute resources rather than simply simulate participation to collect rewards.
Amin stated that the mechanism “ensures that honest contributors are fairly compensated” and that those looking to benefit from the rewards without real contribution are “deterred.”
<blockquote>
 “This alignment of incentives will not only enhance the profitability for genuine contributors but also ensure the long-term sustainability of the network.”
</blockquote>
 Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/io-net-responds-to-gpu-metadata-attack" rel="noopener noreferrer nofollow" target="null" text="null">Io.net responds to GPU metadata attack</a>
<h2 id="implications-of-poai">Implications of PoAI</h2>
Amin stated that PoAI “represents a significant leap forward” for developing decentralized AI systems.&nbsp;
<blockquote>
 “By introducing a reliable mechanism for verifying the integrity and performance of compute resources, PoAI will enable decentralized networks to become a more trusted and scalable solution for AI applications.”
</blockquote>
According to the press release, implementing the new consensus will substantiate DePIN node integrity “in a decentralized and AI-native way” while compiling io.net node judgments.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ai-cryptocurrency-prices-nvidia-earnings-report-analysts" rel="noopener noreferrer nofollow" target="null" text="null">AI crypto tokens wobble as Nvidia posts good but not good enough earnings</a>
<h2 id="io-net-ceo-steps-down-two-days-before-token-launch">io.net CEO steps down two days before token launch</h2>
On June 10, Ahmad Shadid, co-founder of io.net, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/io-net-ceo-departs-days-before-token-launch" rel="noopener noreferrer nofollow" target="_self" text="null">stepped down “effective immediately”</a> and was replaced by Tory Green, fellow founder and former chief operating officer.
The development occurred just two days before the project’s token launch and in response to allegations regarding Shadid’s past.&nbsp;
Shadid explained that the decision was made to allow io.net to “move forward without distraction” and to “focus on its growth and success.”
 Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoiners-all-in-trump-since-bitcoin-2024-getting-risky/" rel="noopener noreferrer nofollow" target="null" text="null">Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky</a>

Io.net partners to launch world-first proof-of-AI

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Cointelegraph

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