Matrix has recently announced the number of technical upgrades and projects which includes the MATRIX Secure Virtual Machine, the MATRIX Mining Machine, the MATRIX Auto-Coding Intelligent Contracts, and the MATRIX Digital Asset Safe. They have also announced that the mining machines will be available by the early October and introduced the cloud-based mining on Matrix AI network called Matrix AI virtual machine (VM). Similar to EVM or Ethereum virtual machine, Matrix AI VM also aim to make the mining more convenient, cost-effective, secure and efficient. Though, Matrix has taken it’s VM to another level of security and transparency by introducing the Matrix secure virtual machine. The Matrix secure virtual machine introduces innovative security measure based on AI to protect the integrity of Intelligent Contracts on Matrix blockchain. let’s dwell deep into how Matrix secure VM is different than another blockchain VM.

MatrixAI’s Digital Asset Safe

The short history of blockchain technology has witnessed the several security and privacy breaches which led to some serious economic and security crisis. Some of the most popular are Parity’s Wallet hack, the DAO hack, and the Ether party hack. It was the first generation blockchain and Ethereum’s smart contracts which were subjected to those attacks. Though, these attacks had changed the security metric of second-generation blockchain and Matrix AI has brought the security to its summit.

Matrix secure virtual machine

Matrix has closely analyzed vulnerabilities associated with the blockchain 1.0 and concluded that previously security measures were conducted off-chain. Matrix had utilized the AI based, on-chain security expertise and practices which are adaptive and intelligent. Along with introducing Matrix mining machines, Matrix AI has also announced their Matrix secure virtual machine to enhance the smart contract-based security with the help of AI which together called intelligent contracts. Matrix has incorporated some of the most intelligent automated programs to detect the vulnerabilities and other security loopholes even before the transactions take place.

Error Detection and Correction of the Matrix secure VM

The MATRIX AI Network Secure Virtual Machine Demo Video

Matrix has set their secure virtual machine with error detection and correction mechanism which is unbelievably fast and alert. Matrix secure virtual machine uses the AI-backed vulnerability detection with fault-tolerant protocols to detect the detect the attacks and other malicious activities on the network. In simple words, you can say that the matrix has created a technological way of verification during the transaction to detect the transactions’ security and privacy vulnerabilities. The whole process of detecting and eliminating these sorts of vulnerabilities is mentioned below.

For each transaction to take a place there must be to checkpoints which are the beginning and end of an intelligent contract. What Matrix virtual machine does is, it keeps the track of these two safe checkpoints. In case of an issue Matrix, secure virtual machine rolls back to the address and current state of an intelligent contract and bring the contracts in its prior form before the transaction took place. It works like an MCB in electronic circuits which helps to prevent the series of short circuits. The secure virtual machine’s error detection and correction mechanism work in the same way that prevents the attacks to reach other checkpoints and hence intelligent contracts. In order to understand the whole process practically, the R & D scientist of Matrix AI, Hu ZhiKun has prepared two quick examples. Let’s go through one of them to understand the main difference between matrix secure VM and other blockchain’s VM.

The BEC Smart Contract Loophole

So far, we have mentioned the three most popular attacks till now blockchain had ever faced. BEC smart contract loophole can also be added in the list of most dangerous attacks in the history of the blockchain. instead of going through the brief detail about the BEC smart contract security loophole, we will just say the simple error in programming smart contract resulted in a data overflow bug following the execution of a batch transfer function.

A simplified BEC smart contract used by the MATRIX team

To taste the Matrix secure virtual machine with BEC smart contract loophole, Matrix created the replica of the BEC smart contracts and execute it in a native, unmodified virtual environment. The native blockchain was without Matrix secure. The first thing matrix dev team noticed was the compromised transaction as result of an overflow attack. As a result, the whole network was compromised and a series of significant breaches took a place. When the same BEC contracts were executed with Matrix secure virtual machine, the outcome was astonishing. The matrix’s Ai based security mechanisms identified the error in coding and didn’t let it process to confirm the transaction and instead roll it back to its original state. It is just one of the examples to know how matrix secure VM can easily prevent the variety of malicious attacks and activity on the network to make it more secure and sound compared to the blockchain without Matrix AI secure VM.

You may also find the example of DAO smart contract loophole within the series of video and writing that Matrix AI had published — (Posted above!). Matrix AI secure virtual machine is setting new security metrics for blockchain technology and definitely redefining the defemination of the blockchain technology from the roots.

To be continued on Matrix AI Testnet review next week. Stay tuned!