thejedi (OP)
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August 29, 2017, 03:02:27 AM |
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The first Artificial intelligence “Blockchain Mother brain – Cerebella” control system. NORN brings forth the third generation of Blockchain technology.
Macroeconomics: A reflection of how public Blockchain is managed
In the world of Blockchains and password protected tokens, the biggest headache inducer is large fluctuations. This is because the price and value are not linked. Blockchain is still in its infancy, there is still a lot of experimentation. The commercial public is unable to solidify its theoretical large values – especially when the majority of people is there to inflate its price. Although it’s ever expanding, Blockchain development is not progressing at optimal speed. There are mountains of projects but it lacks technology and theoretical support. Most of these involve misappropriating money which leads to investors being uncertain. Therefore, a weak Blockchain environment is understandable since it resembles a society without trust. It needs a type of artificial intelligence to monitor the process. This happened during the great depression. The stock and bond market was filled with fluff that the economy collapsed. Cairns’ business theory pointed out that macroeconomics tends to limit individual action. The study of economics is based on the continuous business development which leads to a growing economy. Cairns believes the general need for products is the prevention of economic depression. From this, he believes that safeguarding the economic statistics will balance macros for supply and demand. This created macroeconomics, which became a central theory in the study of economics.
Blockchain is a global phenomenon - creating an international, p2p, globalized collective is a must for a public chain. This generation allows the use of the Smart Contract 2.0. With the efforts of community and groups, the technology is at a place where Blockchain has the potential to prosper in the future. The central “brain” can store, transfer, secure assets with ease and precision. It also created a decentralized system, thus giving birth to a shared economy. This is also called “Fintech”. How does one manage a node type net economy? We can borrow from existing templates. It also means the AI technology must be sufficiently tested. It doesn’t use logic to mimic how humans learn. It analyses data and predicts future outcomes – much like (AlphaGo). The operation model can be compared with the game Go where one must predict the most optimal action. This technology is nearly perfected. From the big data, economic predictions through code and monitoring by AI is no longer science fiction. This is thanks to the people at B20. They created an AI with self-learning and iterative ability – the NORN system. It’s also a monitoring system for macroeconomics. It already garnered support worldwide – touring on a global scale at all Blockchain hotspots.
With “Blockchain Cerebella System” governing Blockchain’s business model.
NORN is a Blockchain technology developed by scientists and engineers gathered from 20 different countries. NORN’s big innovation is creating an AI that can monitor and govern public chain activity – “Blockchain Cerebella System”(AI-infused Smart Business System). It has the ability to amalgamate crowd intelligence, artificial intelligence, self-learning, and make decisions. It is a highly effective multi-control system.
Blockchain Cerebella System uses deduction and self-learning to make better decisions. Within the node cluster, stimulation between links will give effective feedback. The Blockchain Cerebella System has authority to use NORN system’s opcode. This creates a “coded law” and the reverse “law encoded” feedback monitoring architecture.
In detail, NORN’s network architecture has a perfected AI system. It improves upon the Blockchain cluster design by creating a consensus algorithm. (the algorithm is currently kept secret, still applying global patents) requiring systems to have the corresponding code. Within the system, miners will be awarded accordingly – tokens from the NORN system. The rewards are calculated based on the current value and state of the currency analyzed from data. This in time will create a token pool. The AI references to the prosperity index and make adjustments. This promotes system stability, removes fluff, and constructs the basis for trading in the modern economy. The system codes are open source within the community - which has attracted economists, AI developers, and scientists to dive deep into its development. The community also votes on the award given by the system. Every voter can vote for themselves or someone else. In the current design, all voters must be involved in the chain, and must also possess NORN tokens. This will ensure the reliability of the voting process.
Of course, in terms of microeconomics, this architecture might not be suited for smaller tasks. However, “Blockchain Cerebella System” focuses on using AI to purifying the system – creating a basis for modern mathematical business models. With Blockchain 3.0, this helps stabilizes the decentralized systems and takes it one step further.
Let’s address the continuous updating that the system requires. The Blockchain Cerebella System can monitor and use smart contracts which uses Dapp to continuously evolve. According to B20’s core member, lead scientist YODA, the initial technology is complete. NORN 1.0 will be out October of this year. With the Cerebella Intelligent System for customer support, it asks for iteration and updating permission from the community, improving the speed of the chain’s adaptation and evolution. There are four iterations in the design: Neo-liberal version, Cairns version, Neo-Cairns version, and the Almighty version.
Safe, methodical, efficient – NORN’s third generation Blockchain Protocol Technology
On NORN’s team, it seems like the first generation of protocol technology was Bitcoin and the second was Ethereum. Ethereum was revolutionary, but it also had severe limitations. YODA believes this limitation is not from the hardware, but from the underlying agreement model. The third generation in comparison, other than the previously mentioned AI monitoring system for effective economic control has also improved in terms of speed and scale.
One is large-scaled calculations which has the capacity for enormous expansion; two is govern and control, or the issue of self-monitoring and self-evolving – at the same time speeding up the consensus process within the community. Looking deeper, the consensus mechanism does not require the nodes to be more efficient, but on having a reliable, highly efficient group of people coming to a conclusion.
The decentralized system with public chain and alliance chain is unable to produce speed – thousands of Ethereum nodes cannot match that of a single PC. Its limitations come from the traditional Blockchain design. It’s not a hardware bottleneck. NORN’s R&D team, while guaranteeing industry safety standards or above, shortened Ethereum’s ten minutes plus to a mere 3 seconds in 2017. This iteration can secure millions of rights within seconds.
For commercial use, the goal is to produce speed and stability without costing safety. NORN has made two giant leaps in this direction:
Firstly, it produced an internal beta client base which can come to consensus globally in 3-5 seconds – 100 times the speed of the current public chain model. Second, it created the AI-infused functional programming, for community, experts, and enthusiasts. This helps develop Blockchain distribution – bringing the usage to new heights.
We are targeting the limitations of the current Blockchain system but the NORN system is not here to replace any existing models. NORN is compatible with Ethereum. Any Dapp on Ethereum can be used on NORN. The community states “We have a great relationship with Ethereum and wish to provide more ways to stay compatible with them.”
On the other hand, NORN wants to be seen as an innovator in the public chain community. We want to help create new possibilities for expansions while distributing new AI iterations and the “coded law” system – to create new and exciting possibilities.
In China, NORN has garnered support from the Chinese technical staff. They are also core members of B20 – contributing immensely to the project. On the road to developing this globalized product, especially in an environment like china, it will be of great help to utilize Chinese resources and technology to benefit the community. This can also create flexibility for network protocols which can help the system become adaptable to inspections and other business standards. All NORN users will directly benefit by being in the system.
NORN’s ideal philosophy:
“An original AI combined with Blockchain technology creates a self-learning intelligent Blockchain ecosystem. The AI’s self-cleaning system will become the new standard for transactions in modern business models.
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