Recently, the Consensus Foundation launched version one of the Sentient network, a decentralized machine learning platform. First announced in late 2017, the project aims to both accelerate the development of decentralized artificial intelligence and make it easier for the average consumer to get started with blockchain technology.
“When we look at the next three to five years, it’s critical we bridge the gap to consumer adoption as early as possible. We need the general public to begin to understand blockchain technology — not just mining and cryptocurrencies, but also the larger, positive benefits this emerging tech can have on their lives”, says founder Oleg Gutsol.
To encourage broad consumer adoption, the team has developed a simple native wallet and CPU miner (in addition to a command-line GPU miner), available from https://sentient.org/app. The wallet app is the first version of what will become a robust consumer interface for interacting with the Sentient network.
In the future, the wallet will be expanded into a gateway to the Sentient network, allowing anyone with relevant data to help improve machine learning algorithms and determine what allocation of resources to make available for network computations.
Proof-of-Compute and Federated Learning
The Sentient network launch is just the first step in the Consensus Foundation’s multi-year roadmap. Once the network is stable and ready, the company will introduce a Proof-of-Compute consensus algorithm that will supplement and eventually replace the Proof-of-Work currently used by Sentient. This way the computing resources made available by miners will not only be used to find the next block’s hash but to train useful machine learning models as well.
Following the introduction of Proof-of-Compute, the Consensus Foundation will provide the network participants with the option to make a portion of its hardware resources available for artificial intelligence computations. Each node will determine what share of resources to allocate for networked computations; in exchange, it will receive a corresponding reward.
Using an approach known as federated learning, Sentient will bring the training models to where the data stores are, training models locally on network participants’ devices without the need to upload data to a centralized cluster.
Participants’ devices will maintain the only copy of their data, thus eliminating the risk of private data being compromised, stored or transmitted to a third party. This makes Sentient the ideal platform to perform machine learning with sensitive data for both the public and private sectors.
Artificial intelligence for the common good
Ultimately, the Consensus Foundation sees the launch of the Sentient network as the first step in using artificial intelligence to improve governance systems around the world. As the network expands, the foundation will add functionality that allows users to provide anonymized data about themselves in exchange for a reward in the platform’s cryptocurrency.
By using the federated learning approach for this process, Sentient network users will be able to provide their data and be compensated for it without losing control over that data. Users’ privacy is never compromised because the data never leaves their devices. Instead, they download a copy of the model, and an update to it is generated using the data users supply.
Personal data is an extension of the person. As societies grow to understand the value in their data, the Sentient network will provide a platform for individuals to control the monetization of their data while influencing the decisions made in the cities and regions they live in — just by providing data to train an artificial intelligence.
“In the long term, we believe we can begin the process of transitioning the world towards a collective governance, where formal governments can be more efficient and more accountable, and the lives of everyone can be improved,” says Gutsol.
Sentient website: sentient.org
How Cryptocurrencies Will Change Online Gambling in the Future
Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.
An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.
A Post-Legality Era
Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.
In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…
VOLUM (VLM) Announces Commencement of Token Generation Event
ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…
How to Secure Yourself in Relation to Bitcoin: Top VPN Services
Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.
Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.
What is a VPN?
Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.
While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.
Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…
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