Artificial Intelligence and Agoras: The Future of User-Controlled Cryptocurrencies
The rise of Artificial Intelligence (AI) has been a major trend in the cryptocurrency space, with many projects rushing to adopt it. However, not all AI is created equal. Logical-AI, an approach adopted by Tau, has been an integral part of Agoras token for a long time, and it is what sets it apart from other cryptocurrencies.
Agoras ($AGRS) is the first cryptocurrency entirely run by its users in a sound manner. It is the cryptocurrency of Tau Net, a user-controlled blockchain network. This unprecedented user control over the network and its tokenomics is made possible by Tau technology, which is based on the use of Logical AI – a combination of a unique software specification language and communication paradigm. The use of Logical AI allows Tau to detect and calculate agreed constraints and highlight points of agreement, disagreement, and implications across conversations in formal languages. The resulting specification is executable by Tau’s backend, creating correct-by-construction software, and giving users direct control over the network.
Unlike other blockchains, which rely on manual voting or machine-learning techniques for mass voting, Tau Net users will govern the development of the system by saying what they want the network to be like in the form of statements that satisfy rules and changes to be implemented. The system will then calculate the agreement among the users and implement the next version of Tau Net into the next block in the blockchain.
The economic aspect of Tau Net will be fully powered by Agoras. Tau Net users will be able to collaboratively and continuously influence every component of the Agoras tokenomics, which will make Agoras the first cryptocurrency fully and soundly run by its users. For example, one user might prefer deflationary system that rewards active participants in the network, while another user might actively participate in the network and prefer to be rewarded for it. The next user might wish for Agoras to be deflationary. Tau Net will calculate the collective agreement on the desired behavior of Agoras and adjust the tokenomics accordingly.
The utility of Agoras will evolve to reflect its users’ collective wants and will represent the total purchasing capability of all increasingly available assets in the system. Initially, Agoras will be used to trade knowledge, computer resources, and derivatives. Users will also have the option to make idle computer resources in smartphones, laptops, and tablets, such as a CPU, hard drive, and GPU available to trade and rent for Agoras and other assets in Tau Net’s economy. Tau Net will also offer a derivatives market, in which, Agoras will be used to trade financial instruments such as futures and options.
The use of Logical AI sets Agoras apart from other cryptocurrencies and paves the way for the next era of user-controlled cryptocurrencies. By leveraging Tau’s AI-based collaborative development technology, Agoras tokenomics, and utility will evolve to reflect its users’ collective wants and will represent the total purchasing capability of all increasingly available assets in the system. Join Tau Net and Agoras community and learn more at tau.net.