SKYNET - THE FIRST IOT BLOCKCHAIN CHIP
With its existing arrangement, BlockChain needs serious performance enhancements, despite all of its advantages. Especially, billions of information transferred by IoT devices running on the system can't be processed. Networks such as Bitcoin and Ethereum that have more background on the Blockchain network continue to function with the Proof of Work system, that will be backed by many computers working on the same chain. Mainly, fewer trades can be done at the same time as existing infrastructure, and higher transfer costs are a severe drawback.So the main issue is that the present blockchain network isn't in a capacity to arrange IOT interactions. Additionally, existing processor hardware isn't in a structure to offer network interaction.
Introducing Skynet
A blockchain network that's attempting to use more of the IoT attributes, by producing the very first blockchain chip to be employed on IoT blockchain networks. Skynet is your platform to create the IoT Blockchain Network using the world's first blockchain chip and higher scalability feature and to arrange the data obtained from these on its network. Fundamentally Skynet will utilize the blockchain chip, which has many free permits it generates, on devices globally. This will connect the devices to their blockchain network. Therefore, the many interactions created by the installed end-to-end system and the Skynet Core processors will be gathered on the Skynet Network. The foundation's vision is to produce a model where devices can learn, move knowledge and communicate with other people without human intervention and management. They're planning to be the first blockchain core processor and community to serve it.
How Skynet Works
Skynet is not merely a system or a stage. Incorporating this processor guarantees a set of advantages that will make human life considerably more secure, will encourage adoption of cryptocurrencies, will enhance transportation and will offer a good base for smart cities. Apart from the Skynet processor, the system will establish an open network that's intended to function as an infinitely scalable web of things system. It wants to bring a higher degree of efficacy to the relations between smart devices; therefore, it intends to develop SON since the most embraced blockchain network at a worldwide scale. This network enables an infinite number of blockchains to be constructed - each one of them separate and design to work sustainably. Even though these blockchains are supposed to operate independently, SON also empowers interconnections (with each other and with other autonomous blockchains, like Ethereum). The success of the network can be visualized only by viewing the very best features it wishes to execute.
When Skynet Core backs all of the devices in a town, they could communicate with one another by connecting to the Skynet Network using different subchannels, and the data can be assessed on the same network. Smartphones will become a blockchain phone by linking Skynet Core, and as a result of its integrated wallet, this mobile will save crypto money and confirm transports. Safe IP cameras can detect abnormal conditions and alert all systems and devices on the blockchain. Robots can create themselves by learning from other robots attached to the same network.
To gain a better comprehension of how this system can bring a collection of revolutionary features and significantly enhance the cryptocurrency market and the blockchain technology development, it's imperative to summarise the top surgeries that SON recreates. Transactions initialized on the blockchains are guaranteed to be implemented instantly. The IoT consensus suggested by SON is intended to work with as many as 10,000 transactions/second. Is there an absolute limit to the number of blockchains which can be constructed on SON? None! The number of blockchains won't affect the trades speed. Interconnection and simplified communication between public or private evidence of stake blockchains. A total of 1,000,000,000,000 SON Tokens can be found. 1 SON token will be marketed as $ 0,00035. Here you can get the dates to be set for token earnings in the ICO procedure. The countdown for pre-sale is continuing.
To put it differently, it's a project that's going to occur in the scientific and technological sense. You can already find the traces of the career on every line of this whitepaper. The future of a smart network of machines may not seem like at The Terminator but hasn't been close to being accomplished. The SKYNET project is moving with specific steps towards achieving this. This news takes the prominent roster of people linked to the company to new levels.
Official resources of the project Skynet :
MEDIUM
Author : thefuturecurrency
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