What makes Network3’s deployment strategy unique?

The dual-chain deployment strategy adopted by Network3 sets it apart from many other players in the cryptocurrency landscape. By integrating its new cryptocurrency, the $N3 token, with multiple blockchains including Ethereum, IoTeX, and Solana, Network3 promises a significant enhancement in decentralization and security. This tactic mitigates the risks of reliance on a single chain and promises continued operation even in the face of chain-specific failures.

This innovative architecture not only allows for quicker transaction times but also lowers costs significantly through the Binance Smart Chain’s (BSC) support for Ethereum Virtual Machine (EVM) and its Proof of Staked Authority (PoSA) consensus mechanism. Thanks to this, transaction fees are slashed and speed is increased, which collectively makes the blockchain more efficient.

Additionally, the use of EVM-compatible chains like BSC and Ethereum brings with it the security properties inherent to these well-established networks. Their decentralized nature and robust consensus mechanisms act as safeguards against potential fraud, censorship, and downtime.

How does the $N3 token benefit early supporters?

Network3’s $N3 token is designed to significantly benefit early supporters. The Token Generation Event (TGE) is scheduled for January 22nd UTC at 8 am, with first-round exchanges that will include Bybit, Gate, and BingX. Those who contributed to the Network3 ecosystem and completed tasks on the official platform since the launch of N3 Edge will be duly rewarded.

Token N3C, issued on the testnet, can be converted to $N3 on the day of the token’s launch. This not only honors early entrants but also kindles further engagement and support from the community. Early adopters can avail preferential rates for exchanging N3E points for N3C Compute Testnet tokens, making their efforts recognized and appreciated.

The model of fair launches, akin to the Uniswap example, celebrates community involvement and decentralized governance. The early support fosters a sense of ownership and investment in the project’s success, which ensures that the community remains robust.

What are the strategic pillars propelling Network3 forward?

The tremendous growth of Network3 is a result of significant institutional investments, totaling $5.5 million from notable entities like Borderless, EV3 labs, IoTeX, and others. Such backing lends credibility, stability, and a boost in investment and innovation.

The N3 Edge V1 miners have also shown exceptional market traction, selling out swiftly and maintaining a notable ROI period of around 100 days with daily returns of about $7.5. This signifies that what Network3 offers is not just technologically advanced but also practically beneficial for users and investors.

Furthermore, Network3 is gearing up to launch its own Local LLM (Large Language Model) that has passed internal testing with flying colors. Users can expect free access and unrestrained regional availability, setting the stage for a personalized agent built with unique algorithm design. The Local LLM will feature “Prompt to Earn” and on-device inference for terminal users, placing Network3 at the forefront of decentralized AI infrastructure development.

How is Network3 innovating in AI and blockchain integration?

Network3 is a pioneer in the conjunction of AI and blockchain through its N3 Edge V1 device, which allows for simultaneous mining of IoTeX and Network3’s native tokens. The blend of DePIN and Edge AI technologies ensures local data access while adhering to privacy and decentralization tenets.

Decentralized AI champions transparent and democratic decision-making frameworks. Tokenized governance empowers stakeholders to propose, vote, and implement changes, thus ensuring that decision-making is inclusive and distributed.

Moreover, decentralized computing harnesses the collective power of numerous nodes, allowing for more effective training and deployment of AI models. This approach enables concurrent task handling, adaptation to demand, and greater scalability than centralized counterparts.

What long-term changes could these advancements bring to the crypto space?

The merging of AI with blockchain in decentralized computing carries significant long-term ramifications. Enhanced security and data integrity are prominent benefits, as blockchain’s unalterable nature protects data from unauthorized access. When coupled with AI, it ensures AI models are trained on secure and verified data, minimizing breach risks.

Decentralized AI guarantees local data processing in a secure and decentralized format using techniques such as federated learning, zero-knowledge proofs, and fully homomorphic encryption. This enables AI models to learn from distributed datasets without disclosing sensitive information, thereby preserving user privacy.

The fusion of AI and blockchain also unlocks myriad innovative applications across sectors like healthcare, finance, supply chain, and cybersecurity, to name a few.

In summary, Network3’s dual-chain approach, strategic growth initiatives, and pioneering AI-blockchain integration are reshaping the cryptocurrency landscape. These changes enhance decentralization, security, and scalability while rewarding early supporters and turbocharging innovation. The future implications for the crypto industry are substantial, promising enhanced security, scalability, and improved privacy and transparency in a rapidly evolving ecosystem.

The author does not own or have any interest in the securities discussed in the article.