Artificial Superintelligence Alliance Business Summit and Super Launch Party Recap

The Antalya DigiExpo grounds opened up today for the first Business Summit co-hosted by the 

The Summit kicked off with an opening ceremony and a welcome address by Master of Ceremonies, Bill Inman, Mistress of Ceremonies, 

, followed by an interactive session on Superintelligence led by Sophia and her digital twin.

 Show featured a panel discussion with the CEO of SingularityNET, Dr. 

, and ASI Growth Product Manager, Andrea Armanni (

 can compete with Big Tech centralized entities to create a benevolent Superintelligence.

Following this eye-opening discussion, the Summit delved into the next evolution in computing. During his presentation, the CEO of 

, spoke about scalable infrastructure for Superintelligence and innovation, creativity, and commercialization in the exciting world of ASI compute and the rapid rise of AI to AI transactions. The CTO of 

, Sergey Shalyapin, then discussed the creation of supercompute hubs for decentralized processing networks. Finally, Kabir Veitas 

 explored the decentralized compute network revolution.

A conversation with Dr. Ben Goertzel provided insights into his latest book, "The Consciousness Explosion," 

 which explores the profound implications of the Technological Singularity on humanity. Funding for AI and AGI projects was a key topic, with sessions on equity funding led by the Founder of SingularityNET partner Yunity, Ani Chahal Honan, the power of tokenomics to advance funding for AGI’s next unicorns led by the Co-founder of 

, Web3's impact on venture capital led by the Founder of Primal Capital, Trent Barnes, and our the decentralized accelerator 

Decentralization strategies were also explored, including a fireside chat with Irfan Demirok and Trent Barnes from DigiCEX, the newly formed AI 

 CEX, and a presentation by Bill Inman on Sentience, the first decentralized AI wallet designed for personalized data.

The Summit also touched upon the role of robots and gaming in the Superintelligence revolution, with discussions on AI human hive minds with Logan Golema 

 and David Lake from Sentience Inc., and game distribution in Web3 with Brendan Dunne, Founder of The Play Foundation. Bill Inman, then gave a presentation showcasing Dr. 

 and exploring the potential of AI twins.

The Summit concluded with a Super Launch Party featuring Desdemona's Dream Band and the sensational pop star, Desi.

A special thank you to all the presenters, panelists, and attendees who helped make this Business Summit a resounding success. A special shoutout to our community member 

 for his unwavering support and continuous contributions!

Welcome to SingularityNET's Community channel aggregated by CoinMarketCap.

Artificial Superintelligence Alliance Business Summit and Super Launch Party Recap

The Antalya DigiExpo grounds opened up today for the first Business Summit co-hosted by the @ASI_Alliance  and DigiCEX @Digiversede.

The Summit kicked off with an opening ceremony and a welcome address by Master of Ceremonies, Bill Inman, Mistress of Ceremonies, @RealSophiaRobot, alongside her sister @DesdemonaRobot, followed by an interactive session on Superintelligence led by Sophia and her digital twin.

The #ASI Show featured a panel discussion with the CEO of SingularityNET, Dr. @bengoertzel, the CEO of @Fetch_ai, Humayun Sheikh @HMsheikh4, and ASI Growth Product Manager, Andrea Armanni (@oceanprotocol), exploring how decentralized #AI can compete with Big Tech centralized entities to create a benevolent Superintelligence.

Following this eye-opening discussion, the Summit delved into the next evolution in computing. During his presentation, the CEO of @Hypercycle_AI, Toufi Saliba @toouufii, spoke about scalable infrastructure for Superintelligence and innovation, creativity, and commercialization in the exciting world of ASI compute and the rapid rise of AI to AI transactions. The CTO of #SingularityNET, Sergey Shalyapin, then discussed the creation of supercompute hubs for decentralized processing networks. Finally, Kabir Veitas @vveitas and Ilija Radeljić from @nunet_global explored the decentralized compute network revolution.

A conversation with Dr. Ben Goertzel provided insights into his latest book, "The Consciousness Explosion," https://t.co/PBcIVjpvIn which explores the profound implications of the Technological Singularity on humanity. Funding for AI and AGI projects was a key topic, with sessions on equity funding led by the Founder of SingularityNET partner Yunity, Ani Chahal Honan, the power of tokenomics to advance funding for AGI’s next unicorns led by the Co-founder of @SingularityDAO, Mario Casiraghi @MAC_0_0, Web3's impact on venture capital led by the Founder of Primal Capital, Trent Barnes, and our the decentralized accelerator @DeepFunding led by our own Jan Horlings.

Decentralization strategies were also explored, including a fireside chat with Irfan Demirok and Trent Barnes from DigiCEX, the newly formed AI #Web3 CEX, and a presentation by Bill Inman on Sentience, the first decentralized AI wallet designed for personalized data.

The Summit also touched upon the role of robots and gaming in the Superintelligence revolution, with discussions on AI human hive minds with Logan Golema @futjr_ and David Lake from Sentience Inc., and game distribution in Web3 with Brendan Dunne, Founder of The Play Foundation. Bill Inman, then gave a presentation showcasing Dr. @DeepakChopra’s AI twin powered by @protocol_twin and exploring the potential of AI twins.

The Summit concluded with a Super Launch Party featuring Desdemona's Dream Band and the sensational pop star, Desi.

A special thank you to all the presenters, panelists, and attendees who helped make this Business Summit a resounding success. A special shoutout to our community member @silbererde for his unwavering support and continuous contributions!

#ASIalliance #Web3 #AGI #DecentralizedAI

SingularityNET's Technical Tuesdays: Integrating OpenCog Hyperon With the SingularityNET Decentralized AI Platform

Join us this Tuesday, June 25th, 2024, at 5 pm UTC to discuss the integration of the OpenCog Hyperon 

 framework with the SingularityNET decentralized 

To learn more, set your reminder for the livestream now on your preferred platform:

SingularityNET's Technical Tuesdays: Integrating OpenCog Hyperon With the SingularityNET Decentralized AI Platform

Join us this Tuesday, June 25th, 2024, at 5 pm UTC to discuss the integration of the OpenCog Hyperon #AGI framework with the SingularityNET decentralized #AI Platform.

Join the Livestream

To learn more, set your reminder for the livestream now on your preferred platform:

🟣 YouTube: https://t.co/ra7r51YAmk

🟣 LinkedIn: https://t.co/0OSUlbhGoS

🟣 Or join us LIVE on X: @SingularityNET 

We hope to see you there!

Coinbase Opts Out of Artificial Superintelligence Alliance $7.5B Token Merger

AI Crypto Tokens Surge Despite Nvidia's Market Cap Plunge

Blockchain and AI: What’s Behind the Hype

## What Is SingularityNET (AGIX)?

SingularityNET is a [blockchain-powered](https://coinmarketcap.com/alexandria/glossary/blockchain) platform that allows anybody to easily "create, share, and monetize" AI services, thanks to its globally-accessible AI marketplace.

Through the SingularityNET marketplace, users can browse, test and purchase a huge variety of AI services using the platform’s native utility token — AGIX. Moreover, the marketplace represents an outlet AI developers can use to publish and sell their AI tools, and easily track their performance. 

With the benefits of LLMs and generative AI are increasingly exciting, their limitations are also becoming increasingly apparent. The convergence of structured knowledge with neural networks is emerging as the key to overcoming their shortcomings.

Uniquely positioned at the heart of this convergence, SingularityNET will prioritize the integration of Knowledge Graphs (KGs) and comprehensive Neural Symbolic tools for LLMs, with the goal of empowering developers to create the next generation of AI systems on the SingularityNET Platform.

SingularityNET is strategically positioned to become the Knowledge Layer of the Internet, leading the evolution of the emerging AI landscape while also laying the foundations for the Artificial General Intelligence (AGI) of tomorrow.

The team behind SingularityNET pioneered the development of an AI known as Sophia, which is described as the "world's most expressive robot". SingularityNET’s goal is to enable Sophia to be able to fully understand human language, and continue developing “OpenCog” — an AI framework that is hoped to eventually achieve a state known as “advanced general intelligence,” i.e. human-level artificial intelligence (or beyond). 

The platform was first announced in 2017 and completed an initial coin offering ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)) in December the same year, raising $36 million in just one minute. 


### Who Are the Founders of SingularityNET?

SingularityNET has an extensive team largely of AI scientists, developers, researchers and engineers. 

It was founded by Dr. Ben Goertzel (SingularityNET's CEO and chief scientist) in addition to Simone Giacomelli and Dr. David Hanson.

Dr. Ben Goertzel is an established figure in the AI and robotics industry and has a long distinguished track record of working with advanced technology companies — including Hanson Robotics and the OpenCog Foundation. He also works as Mozi Health's chief scientist and vice chairman for Humanity+.

Simone Giacomelli is an entrepreneur and investor that previously worked for crypto consultancy Cryptodex. He left the SingularityNET project in March 2019 and is now focused on the technology R&D lab Vulpem, which he founded in 2015.

Dr. David Hanson is SingularityNET's third co-founder. He has a long and varied history in the robotics industry, working with Disney between 1998 and 2001 before founding several robotics startups — including Human Emulation Robotics, Initiative for Awakening Machines and Hanson Robotics over the last two decades.


#### What Makes SingularityNET Unique?

SingularityNET is the first platform that makes it easy for developers to sell their AI tools and libraries and enables buyers to test any AI service provided on the marketplace to see if it meets their needs before making payment. 

On top of this, those in need of specific AI services can also tap SingularityNET’s extensive community of AI specialists through the Request for AI portal (RFAI) — which allows customers to easily commission a new AI tool, while developers can earn AGIX tokens by filling these requests. 

The utility of the AGIX token has evolved with the development of the SingularityNET ecosystem. In October 2020, SingularityNET launched its SingularityNET Enhancement Proposal (SNEP) feature, enabling AGIX holders to vote on changes to the network’s operations. Whereas in March 2020, a staking feature was added, enabling users to stake their tokens 

In a collaboration with Hanson Robotics, SingularityNET recently released a joint venture known as Awakening Health, which develops products that leverage AI for healthcare purposes. Its first product is Grace, a humanoid assistant for the healthcare industry.


#### Related Pages:

Check out [Rarible (RARI) ](https://coinmarketcap.com/currencies/rarible/)— a decentralized marketplace for non-fungible tokens.

Check out [Uniswap (UNI)](https://coinmarketcap.com/currencies/uniswap/) — the governance token for the Uniswap decentralized exchange.

Learn about [decentralized exchange (DEXs)](https://coinmarketcap.com/alexandria/article/what-are-decentralized-exchanges-dex) with CoinMarketCap Alexandria.

Meet the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog) — your source for crypto insights, updates, and announcements.


#### How Many SingularityNET (AGIX) Coins Are There in Circulation?

As of February 2021, a total of 861.5 million AGIX tokens representing 86% of the total supply were in circulation. As such, AGIX can be considered largely diluted.

Half (50%) of the total AGIX supply was sold during SingularityNET's 2017 ICO. Beyond this 20% was reserved for early developer and partner incentives, 18% for the core team members (now fully vested), 8% for the SingularityNET foundation for the long-term development of the platform, whereas the last 4% was reserved for security bounties.


### How Is SingularityNET Network Secured?

AGIX is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token. 

This means it’s backed by the Ethereum [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) [consensus](https://coinmarketcap.com/alexandria/glossary/consensus) algorithm and battle-tested network of validators. To date, the Ethereum network has never been successfully [attacked](https://coinmarketcap.com/alexandria/glossary/51-attack) and is considered one of the most secure networks currently operating. 

The team behind SingularityNET has hinted that SingularityNET may move to another blockchain in the future, and recently [announced](https://blog.singularitynet.io/singularitynet-collaborates-with-iohk-to-explore-cardano-agi-synergies-8bd1570ffab2) it was exploring the possibility of launching on the delegated proof-of-stake ([dPoS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)) [Cardano](https://coinmarketcap.com/currencies/cardano/) blockchain. 


### Where Can You Buy SingularityNET (AGIX)?

The AGIX token is available to trade on several prominent exchange platforms, including [Binance](https://coinmarketcap.com/exchanges/binance/), KuCoin, and HitBTC. It's also available on two of the most popular [DEXs](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) — [Uniswap](https://coinmarketcap.com/exchanges/uniswap-v2/) and Balancer. Currently, the only available trading pairs for AGIX are AGIX/BTC, AGIX/ETH, and AGIX/WETH. 

It is not currently possible to purchase AGIX directly with your credit or debit card from any of these exchange platforms, but you may be able to buy [Bitcoin (BTC)](https://coinmarketcap.com/currencies/bitcoin/) first, and then exchange this for AGIX. [Here’s how](https://coinmarketcap.com/how-to-buy-bitcoin/).


Binance

SingularityNET

Trust Wallet

MetaMask

Daedalus

Lace

Atomic wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Altered State Token

Bitcoin Pizza Day

Ordiswap

WhiteBIT Coin

Wojak

Diment Dollar

Bitcoin Cats

Mystiko Network

Gala Music

Prisma Finance

R-DEE Protocol

MEMEVENGERS

csas (Ordinals)

Spike 1984

1ex Trading Board

Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in  use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, travel — essentially any complex digital system that relies on large-scale datasets.

Artificial Superintelligence Alliance

Ocean Protocol

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token.
During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.

Render

The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. There is a hosted service in production that makes it easy for developers to get started building on The Graph and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.

To learn more about this project, check out our deep dive of The Graph.

To date, over3,000 subgraphs have been deployed by thousands of developers, for DApps like Uniswap, Synthetix, Aragon, AAVE, Gnosis, Balancer, Livepeer, DAOstack, Decentraland and many others. The Graph usage has been growing at over 50% MoM and hit over 7 billion queries during the month of September 2020.

The Graph has a global community, including over 200 Indexer Nodes in the testnet and more than 2,000 Curators in the Curator Program as of October 2020. To fund network development, The Graph raised funds from community members, strategic VCs and influential individuals in the blockchain community including Coinbase Ventures, DCG, Framework, ParaFi Capital, CoinFund, DTC, Multicoin, Reciprocal Ventures, SPC, Tally Capital and others. The Graph Foundation also successfully completed a public GRT Sale with participation from 99 countries (not including the U.S.). To date as of November 2020, The Graph has raised ~$25M.

The Graph

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

Immutable

Injective (INJ) is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.

Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.

Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (25,000+ TPS).

The Injective ecosystem includes 100+ projects and over 150,000 community members globally. Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.

Injective

Gala is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem that originally included Gala Games, Gala Music and Gala Film. More recently however, GalaChain has opened its doors to external developers and projects from any applicable industry, providing open source developer resources to simplify the process.

On a mission to empower users and creators across multiple industries throughout the world, Gala’s goal is to become the first billion user blockchain in the world. Innovators can extend the benefits of web3 to their users and communities more easily than ever before by leveraging open source tools like the GalaChain SDK and Creator Portal.

By elevating their ideas to web3 through GalaChain, developers can create custom tokens, smart contracts, reward opportunities and node networks for their communities and projects. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum, Binance Smart Chain and more. Developers who wish to learn more about getting involved with GalaChain are welcome to reach out via GalaChain.com.

The core of GalaChain is powered by its DePIN (Decentralized Physical Infrastructure Network) of Founder’s Nodes, whose operators earn daily $GALA rewards for actively providing resources to the ecosystem and enjoy governance voting rights on certain core Gala decisions. In addition to the Founder’s Node network’s foundational workload, individual projects can also create Node networks on GalaChain with more specific workloads.

Gala.com
News.Gala.com
Games.Gala.com
Music.Gala.com
Film.Gala.com

Gala

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.

To learn more about this project, check out our deep dive of Chainlink.

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

NEAR Protocol

Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain.

Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a Security Council.

Arbitrum has an ambitious roadmap for 2023, which includes: Launching its own layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One.

On March 16, 2023,  Arbitrum announced their highly anticipated airdrop of ARB. The token will be airdropped to early users and DAOs building on Arbitrum, with 12.75% of the total supply to be distributed. Recipients were rewarded on a point-based system depending on their interaction with the Arbitrum network until a cutoff date of March 1, 2023. The token generation event is on March 23, 2023.

Arbitrum

Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps).

It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.

It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible pricing.

The HBAR token has a dual role within the Hedera public network.

First and foremost, HBAR the fuel that powers Hedera services, such as smart contracts, file storage and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.

Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform that is positioned as an alternative to traditional blockchain technology and aims to excel in speed, efficiency and security.

Older blockchains tend to use a consensus mechanism like proof-of-work (PoW) to validate transactions, while younger blockchains opted for proof-of-stake (PoS). The Hedera Hashgraph system has a structure that was created from scratch particularly for the project. Hedera is based on a PoS model that is believed to increase the efficiency of transaction verification in the network, provide a high level of security, and protect the network from hacker attacks. Its ecosystem has the underlying hashgraph consensus algorithm and the global enterprise governing body.

Hedera Hashgraph is a distributed ledger technology (DLT). According to the project website, Hedera differs from other blockchains because it uses a new consensus algorithm called hashgraph. It intends to process and execute transactions faster, eliminate delays, and smooth out the TPS (transactions per second) indicator. Hashgraph is claimed to be an upgrade in transaction speed, cost, and scalability.

Core network services by Hedera:

Consensus Service (HCS). With HCS, clients send messages to the network to negotiate consensus timestamping and order. In this case, the state is stored offline, and users can define privacy and access control.

Hedera Token Service (HTS). Thanks to HTS, token creation and management are available to customers. It supports built-in tokenization.

The goal of Hedera’s hashgraph is to increase the speed of transactions. Moreover, the network is also focused on high-volume operations: micropayments, data integrity and tokenization.

Like the EVM, the Hedera network maintains a virtual machine that writes smart contracts in the Solidity programming language. On top of that, Hedera offers a set of built-in KYC and AML checks.

From a technical point of view, Hedera is a form of distributed ledger technology. It is a hashgraph, or consensus algorithm, where users agree on the order in which transactions should be performed. However, Hedera is not exactly a blockchain. It has its own distinctiveness and works differently. With hashgraph, all transaction branches are merged, no block equivalent is thrown away, and each is used to reach consensus.

One of the most noticeable features of the network is the Gossip-about-Gossip protocol. According to Dr. Leemon Baird, Hedera's inventor, within the system nodes randomly transmit data about themselves to other nodes via hashgraph using the Gossip protocol. Soon, all nodes in a cluster become familiar with each other. Then a certain data structure is formed. It consists of a payload of transactions, a timestamp, a digital signature, and hashes to the previous structures.

HBAR is Hedera's native token that powers applications on the Hedera network. HBAR is utilized to pay for network services, transaction fees, in-app payments and micropayments. Developers can pay network fees with HBAR tokens, namely: work with smart contracts, file storage and currency exchange. HBAR is used to incentivize and pay network nodes.

Hedera Hashgraph has a decentralized governance system that is set apart. All critical decisions about pricing policy, software updates, and wealth management are made by the Governing Council.

Hedera

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

To learn more about this project, check out our deep dive of Polygon Matic.

Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand alone chains or any other kind of infra required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.

The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.

Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains.

Polygon combines the Plasma Framework and the proof-of-stake blockchain architecture. The Plasma framework used by Polygon as proposed by the co-founder of Ethereum, Vitalik Buterin, allows for the easy execution of scalable and autonomous smart contracts.

Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem.

Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. The framework also allows for the creation of globally available decentralized financial applications on a single foundational blockchain.

The Plasma framework gives Polygon the potential of housing an unlimited number of decentralized applications on their infrastructure without experiencing the normal drawbacks common on proof-of-work blockchains. So far, Polygon has attracted more than 50 DApps to its PoS-secured Ethereum sidechain.

MATIC, the native tokens of Polygon, is an ERC-20 token running on the Ethereum blockchain. The tokens are used for payment services on Polygon and as a settlement currency between users who operate within the Polygon ecosystem. The transaction fees on Polygon sidechains are also paid in MATIC tokens.

Polygon

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.

Optimism

Bittensor

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.

Avalanche

The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization.

Internet Computer

Akash Network

Kaspa is a proof-of-work (PoW) cryptocurrency which implements the GHOSTDAG protocol. Unlike traditional blockchains, GHOSTDAG does not orphan blocks created in parallel, rather allows them to coexist and orders them in consensus. The Kaspa blockchain is actually a blockDAG. This generalization of Nakamoto consensus allows for secure operation while maintaining very high block rates (currently one block per second, aiming for 10/sec, dreaming of 100/sec) and minuscule confirmation times dominated by internet latency.

The Kaspa implementation includes a lot of cool features such as Reachability to query the DAG's topology, Block data pruning (with near-future plans for block header pruning), SPV proofs, and later subnetwork support which will make future implementation of layer 2 solutions much easier.

Kaspa

Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.

On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.