No programming? How?

In addition to writing smart contracts in the same way as programmers would on other blockchains, the unique code generation technique of MATRIX allows automatic conversion of an abstract description of the contract into an executable program.

MATRIX only asks the users to input the core elements (input, output, trigger conditions). Then the neural network will automatically generate the code to convert the script into the equivalent program.

Formal smart contract code security verification? How?

There are 4 main parts to the formal contract security verification, they can each be read about in detail in the technical whitepaper. MATRIX has generative adversarial network based security and distributed concurrence-based dynamic model verification. Essentially this means that before smart contracts are deployed to the network, they are attacked by AI generated hacker programs which target vulnerabilities and loopholes in the code in a sandbox environment. The neural network that the code is based on is already being trained on the ERC-20 contracts on the Ethereum network.

What is MATRIX’s consensus mechanism?

MATRIX adopts a unique hybrid PoS + PoW consensus mechanism. The PoW is performed in a significantly smaller network of delegates, which are selected with a random distributed voting algorithm. The probability of a node to be selected is proportional to its PoS. The “winner” delegate shares the PoW reward with other nodes in its cluster. This mechanism eliminates the latency issues associated with scaling commonly faced by other blockchains.

Does MATRIX need mining?

Yes, MATRIX adopts a hybrid PoS + PoW consensus mechanism and requires mining for the PoW part. The mining computing of MATRIX is not the commonly used Hash functions, which do not have added values outside the scope of cryptocurrency. Instead, MATRIX adopts the Markov Chain Monte Carlo (MCMC), a Bayesian computing pattern, as the mining function. Since MCMC has wide applications in scientific and industry domains, the PoW computing can be treated as crowdsourcing for such applications.

What is the total supply of MAN?

There can only be 1,000,000,000 MAN ever. 15% of the maximum supply was sold in ICO, and 10% is with the foundation for business and community development and will not go directly to market. 25% of tokens are created currently. The rest, 75%, is broken down as 40% is for mining and 35% is for community, hardware development, team. It will take decades for the max amount of tokens to reach circulation. There is a lock period of 2 years on the team tokens.

What is the circulating supply of MAN?

The circulating supply is 150,000,000 MAN. There is also 100,000,000 that the foundation has unlocked, however, foundation tokens are omitted from CoinMarketCap’s circulating supply definition.

What is the connection between MATRIX and Alibaba Group?

There is no direct connection between MATRIX and Alibaba. One of MATRIX’s angel investors is F&H, a fund which is founded and directly managed by John Wu, former CTO of the Alibaba Group.

How did MATRIX have an ICO if ICOs are banned in China?

When you read the below just remember that this project is fully sanctioned by the Chinese Government. They are part of China’s future vision.

The MATRIX project is governed and supervised by the MATRIX Foundation. The foundation is registered in Hong Kong, not China. The Foundation has separate departments to manage various aspects of the development and operations of MATRIX. The law firm, ReedSmith Richards Butler is the legal advisor to the Foundation.

Who is in the the foundation?

This is a dream team of Far East Project Managers. Resumes include Google, Facebook & Microsoft plus other Fortune 50 heavyweights.

Michael Lai-Yick Ng

Michael co-founded Legend Holdings group (now known as Lenovo Group Limited, HKSE Stock Code: 992) in 1988 and Asia Online Limited in 1993. In 2000, he founded North 22 Technology Services Group. As an IT and Internet veteran, Mr. Ng has over 35 years of experience in the technology sector in Greater China.

Bill Li — Chief Network Architect (Communication IC Genius)

In 2016, their head of AI was principle architect for the AI behind China’s high speed railway early warning system. He has been project lead for numerous Chinese Government research projects. The Matrix AI team won 2017’s PASCAL 2 AI competition (they beat out teams from places like UC Berkeley, Intel and Microsoft). Despite only developing the tech in 2016, His book Structural VLSI Design and High Level Synthesis was recognised by China’s Department of Education as the official graduate level digital systems design textbook. Bill is responsible for the machine learning algorithms and hardware architecture for matrix. This guy is super important.

Steve Deng — Chief AI Scientist (AI Genius)

His work on deep learning based image detection was ranked #1 in many prestigious challenges (e.g. PASCAL VOC and COCO). He is the author or co- author of over 50 papers. He received many awards, including a best paper award on International Conference on Computer Design 2013, NVIDIA partnership professor Award, and Tsinghua Key Talent Award.

Owen Tao — CEO

Mr. Tao received the bachelor degree in the double-major (physics and economics) program of Peking University. Holding the CEO positions in several high-tech startup companies, he has rich experience in managing product development. He supervised the development of the 3D virtual community, China’s first embedded game advertising system and other Internet technology products. He also has strong skills in product operation and promotion. He led the development and operation of China’s first cross- border e-commerce platform, which attracted 20 million users around the world. As the CEO of MATRIX, Mr. Tao is responsible for strategic decision making and product positioning.

Ignatius Cheng Kwok-Lap

Ignatius Cheng was the Chief Financial Officer (“CFO”) and Company Secretary of Legend Holdings Limited (now known as Lenovo Group Limited, HKSE Stock Code: 992) in 1988. In 2002, he founded InnoState Holdings Limited, which is a private equity investment company. Ignatius Cheng is a fellow member of The Association of Chartered Certified Accountants, United Kingdom and an associate member of The Hong Kong Institute of Certified Public Accountants.

Benedict Tai

Mr. Tai is a retired partner of a major US law firm with over 30 years of experience specializing in cross-border corporate finance. He was also an investment banker with Lehman Brothers specializing in TMT. He was one of the founders of Latitude Capital, a boutique merchant bank with offices in Beijing, Shanghai and Hong Kong. He is a member of the New York Bar Association and a member of the Hong Kong Law Society.

If you would like to read about another Mighty G3 platform then read my NULS article here.

Blockchain advertising will be massive so read this.

Blockchain infrastructure services (up-time, up-time, up-time) — read this.

Much of the MAN FAQ’s and article info can be found here.

Generate wealth with me. Peace.