On Feb. 2, 2022, on the LEAP know-how convention, SingularityNET founder/CEO Dr. Ben Goertzel will announce the Hypercycle initiative, a brand new layer 2 blockchain community designed to produce massively scalable, low-cost infrastructure for decentralized AI purposes and different related software program.
Hypercycle will function as a sidechain of Cardano, one of many high chains globally, leveraging Cardano’s Hydra sidechain framework, together with SingularityNET’s proof of reputation methodology and core algorithms and knowledge buildings from the TODA ledgerless blockchain framework. The Hypercycle venture will likely be led by TODA co-founder Toufi Saliba together with Dr. Goertzel and a staff of technical consultants drawn from the SingularityNET and TODA ecosystems.
It’s now well known that, if blockchain networks are to meet their promise of displacing centralized data processing programs, they’ll require dramatic enhancements in scalability and computational and financial effectivity. It is usually more and more believed that the clearest path to attaining these enhancements is by way of “layer 2” networks, which perform detailed transactions in an optimized method after which report summaries to their base “layer 1” community. Hypercycle as a layer 2 sidechain interacting with the layer 1 Cardano community exemplifies this sample, however with a number of novel and distinctive facets:
- It will likely be the primary layer 2 community personalized for complicated multi-agent AI programs comparable to evolutionary algorithms and machine studying mannequin ensembles.
- It will likely be the primary layer 2 community to dispense with the replicated ledger on the core of most blockchains, in favor of the extra absolutely decentralized method characterizing the TODA design.
- It will likely be the primary layer 2 community to leverage “proof of repute” to beat the restrictions related to conventional blockchain consensus strategies comparable to proof of labor and proof of stake.
- It is usually the primary layer 2 community to be introduced for the Cardano ecosystem.
Hypercycle’s basis on Cardano implies that scripts written in Cardano’s Plutus good contract language will be capable of run on Hypercycle as properly. Nevertheless, in some circumstances Hypercycle will run the identical scripts radically sooner and fewer expensively and there will even be extra library capabilities solely out there for Plutus scripts operating on the Hypercycle sidechain.
Growth on Hypercycle is now on the early stage and can ramp up throughout Q2 2022.
“The imaginative and prescient with which we based SingularityNET was to make use of blockchain networks to ship useful synthetic normal intelligence to the world in a approach that’s really democratic and decentralized,” Dr. Goertzel says. “We consider that is each the easiest way to offer sensible AI capabilities throughout numerous vertical markets together with finance, healthcare, good cities, social media and plenty of others, and the easiest way to make sure a constructive long run end result for humanity as AGI will get increasingly more highly effective. However to ship on this imaginative and prescient would require not solely vital AI advances – which we’re engaged on – however severe enhancements to out there blockchain infrastructure. Hypercycle will leverage Cardano’s excellent underlying buildings and algorithms together with different substances like TODA and proof of repute to offer the framework SingularityNET finally must ship useful AGI.”
SingularityNET is a fully-fledged AI ecosystem with a wealthy group all working towards the worldwide distribution of AI. It’s the first and solely decentralized platform permitting AIs to cooperate and coordinate at scale, whereas enabling everybody to make the most of a world community of AI algorithms, providers, and agent. Not should AI know-how exist in silos, solely able to working inside a particular firm, infrastructure, or trade.