MATRIX AI… Where is it heading in the market?

Blockchain was first invented to be used with cryptocurrency (precisely Bitcoin), to create the full proof decentralized peer to peer payment system. People later started realizing that the blockchain technology, apart from being used in the finance industry, can be used to revolutionize the number of other fields of education, digital identity, entertainment, insurance etc. And the rising tides of blockchain has left no industries untouched from being revolutionized. After the Bitcoin blockchain, to overcome the issues associated with it, the all-in-one decentralized platform came to light called the Ethereum. With the variety of new concepts such as smart contracts, dApps, and DAO, Ethereum was all set to take the complex business structure on the new feats. But as the technology evolves, it also brought new series of challenges in front of developers. These challenges include; slow transaction speed, smart contract deployment issues & hence, security threads, and complex process of blockchain management & upgrading. There are a number of other problems of versatility, flexibility, adaptivity and implementing new concepts also associated with it that makes the current blockchain technology outdated.

To put an end to the above-mentioned obstacles, the new generation blockchain (intelligent blockchain) is being introduced called the MATRIX which is the perfect blend of the most powerful blockchain technology and evergreen AI tech. MATRIX is a platform which incorporates blockchain and AI to enable the realization of the Intelligent Blockchain. The use of AI allows innovations such as natural-language smart contracts (Intelligent Contracts), continual network optimization, formal contract security verification, and more. The new cryptocurrency (for instance MAN) based on the MATRIX blockchain will support faster transaction speed, vast adoption, rock-solid security and flexibility for implementing new concepts.

Transaction speed

Which blockchain is it going to win over VISA’s TPS? Guess..

Transaction speed can be measured by defining the number of transactions per second can be processed by the blockchain. transactions per second or simply TPS is one of the most important factors that need to take into count when comparing the blockchain. According to a recent public demonstration conducted by MATRIX, the system can process more than 50,000 transactions per second. which is way greater than the Visa (24,000 TPS), Ripple (1,500) PayPal (193 TPS), Ethereum (17–20 TPS), and Bitcoin (7 TPS). High TPS is not only necessary for daily life transaction but also for large size commercial applications where the blockchain technology is most likely to be implemented. Moreover, the higher transaction costs and TPS of blockchain networks like Bitcoin and Ethereum also impede the blockchain adoption resulting in poor scalability. While the MATRIX blockchain with fastest TPS speed will allow it to expand across the globe scaling it from common people to large business organizations. Thanks to MATRIX’s distributed system load-balancing hash cycle that enables the network to achieve incredibly high transactions speeds. MATRIX’s mining machine is running no behind the race with the exceeded speed of 50K TPS.

Intelligent contract — a new form of smart contract

Smart contracts are not smart enough and a mechanism for ensuring security as well as security tools are being compromised. MATRIX, on another hand, is an open source blockchain network that enables the machine learning or AI and smart contract services. The blockchain technology fused with AI offers the users easy, fast and safe execution of smart contracts. The issues with current smart contracts are security, reliability and easy deployment. When it comes to reliability and easy deployment, artificial intelligence can be put to work while designing a complete, comprehensive protective system, and continuous improvement can put an end to security issues. MATRIX blockchain consists of a rule-based semantic and syntactic analysis engine for the smart contract for easy programming, a formal verification toolkit to enhance the security property of smart contract, AI-based detection engine for smart contract execution, and self-learning platform for dynamic security verification and smart contract code generation. Moreover, MATRIX has also eliminated the required of programming skills with their AI based platform which will increase the user engagement with the platform.

Flexible blockchain management

MATRIX is an open source public network. MATRIX offers seamless integration of private blockchain with common blockchain and vise-versa which enhance the blockchain upgrading and managing processes. This feature expands the blockchain adoption in the area of governance & business sectors where the tradition blockchain failed or have relatively slow adoption. Self-learning AI platform also enables the MATRIX blockchain to track how transactions take a place and consensus mechanism operate to form block and validate the transactions resulting top-tier framework that updates dynamically automatically. These iterations allow the MATRIX to become compatible with the implementations of new technology without requiring any additional support. This makes the MATRIX one of the most efficient and cost-effective blockchain in terms of management and iteration.

These are few of the many benefits that MATRIX can bring and surpass the existing blockchain & payment system of Bitcoin, Ethereum, and Visa & PayPal. The token sale of MATRIX Chain called MAN has already completed successfully and the platform will go live soon this month. At last it could be said that MATRIX is one of its kind and top of the line open source public blockchain that offers smart contract and machine learning services to enhance the already existed faulty blockchain framework by integrating an intelligent AI tech that revolutionizes the user experience of executing smart contracts by making the whole process faster, easier, and safer. It will also be the leader in terms of faster TPS winning it the most efficient, secure, versatile, flexible and cost-effective blockchain awards.