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What Is MartixAl and How to Exchange MAN on Swapzone?

What Is MartixAl and How to Exchange MAN on Swapzone?
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Going by its name MatrixAI (Artificial Intelligence) is a protocol focused on the integration of blockchain with artificial intelligence for various use cases in real projects around the world. Its token MAN is the primary token used on the Matrix AI platform.

Let’s look further into the Matrix AI crypto and the best place where you can exchange this token.

What is MartixAl?

What is MartixAl?

MatrixAI platform is an open-source and a distributed computing network that includes an operating system hosted on a universal public network. With the launch of its mainnet in 2019, the Matrix AI protocol has been making inroads into the market with its main offering of combining the best of blockchain technology with AI. This has brought the Matrix AI cryptocurrency to the attention of not just the crypto market but the tech market as well.

Apart from its declared intention of creating more secure, faster, and intelligent blockchains, the MatrixAI coin is also striving to provide infrastructural support for the running of the Belt and Road Development Research Center. A centre that is built to support the Belt and Road initiative of China’s government. This is to show that the project does enjoy patronage from the highly sceptical Chinese government that has been going down hard on cryptocurrencies recently.

What is MartixAl?

MAN Token

The native token of the Matrix AI network is the MAN token, which serves as a token used to pay transaction fees on the platform. Here, the Matrix AI coin performs a similar role to NEO’s GAS token or Ethereum’s Ether.

Apart from being used as payment for transaction fees, MAN crypto coin also grants users access to apps and services on the MatrixAI main chain, especially users utilizing AI. The Matrix development team aims at making MAN coin cryptocurrency something similar to Alipay. That means the MAN cryptocurrency could be used to make everyday buying and selling of items like groceries or coffee. The total supply of MAN coins is 1,000,000,000 tokens. As of September 12, 2021, the circulating supply was 214,302,041.86 MAN with a Market Cap of $11,274,731 according to CoinMarketCap.

MAN Token

How does MAN work?

The open-source Matrix AI platform was founded in 2016 to function as a network that combines blockchain with AI. Its aim was to achieve enhanced security, speed, intelligence, and flexibility of blockchain networks.

  • Greater performance and speed

MatrixAI uses PoW and PoS hybrid consensus (HPoW) alongside a stochastic clustering algorithm to be able to support 50,000 TPS. A great testament to the fact that you don’t need to sacrifice decentralization to achieve high system throughput. The hybrid mechanism utilizes value-added computation via the utilization of Markov Chain Monte Carlo computations.

Also, the platform Intelligent contracts utilize adaptive deep learning-based templates and Natural Language Programming to auto-code on the MatrixAI network. The MAN coin crypto is minable and is utilized in powering real-world applications. For example, the Matrix AI protocol reportedly worked with the Beijing Cancer Research centre to enhance the accuracy and speed of cancer diagnosis of patients.

How does MAN work?

  • Multi-Chain Collaboration

The Matrix AI platform has a goal to improve its function by adding interoperability, therefore teaming up with Litex – a decentralized value exchange network that wants to provide the option of both transfers between multiple cryptos as well as between fiat and cryptos. Litex is seeking to employ Layer-2 as the protocol layer that will allow data to be shared among several public blockchains cheaply. They plan to extend the scalability and applicability of blockchain by creating underlying infrastructure.

Future of MAN

These are what the Matrix AI protocol has planned for its network to secure the future of Matrix MAN crypto.

  • Stage 3 “Deliver”: October 2021 – November 2021 

The platform wants over 10 AI apps available commercially on MANAS, which is its AI service platform. Moreover, the MANTA (MAN Training Assistant) will be ready and available on the Matrix AI network. Another milestone is to deliver the Authentication platform for MANART (MATRIXAI NFT Marketplace) as well as the NFT trading platform for MANART itself. Synchronizing Matrix with FileCoin distributed storage network.

Future of MAN

  • Stage 4 “Expand”: January 2022 – March 2022

The platform wants to have the AI Service Platform agency promotion mechanism. The MANART should be released within this period along with establishing cross-chain platforms that allow asset transfer via NFT. Lastly, MatrixAI will carry out data authentication and NFT generation on FileCoin Mainnet.

  • Stage 5 “Complete”: April 2022 – June 2022

The platform wants to have a business system involving NFT agencies and auction platforms with an established ecosystem of NFT for the trading of computing power, algorithmic models, and data. Furthermore, the plan is to create Auto Machine Learning hardware and authentication functions which will lead into Stage 6 “The New Era” of AI and blockchain functionalities.

So, from the look of things, it seems the future of Matrix MAN crypto is fascinating. According to Walletinvestor MAN price prediction, the MAN crypto looks like a very good investment in the long term. Its price could hit $ 0.0687 in just a year to give you an earning potential of +25.07%. In general, MAN token has a positive outlook in the market.

Difference between Matrix AI and Bitcoin

Using AI and blockchain, Matrix offers something different from mastodon of the market Bitcoin. Matrix AI network hopes to resolve many issues facing the present blockchain setup such as slow transaction speed, programming barriers, high barrier to entry, and several security vulnerabilities.

 

MatrixAI

Bitcoin

Consensus Mechanism

Hybrid PoS-PoW (HPoW)

PoW

Algorithm

Stochastic clustering algorithm

SHA-256 hashing algorithm
Transaction speed An estimated 50,000 transactions per second 4.6 transactions per second
Interoperability

Yes

No

Programming Language

Natural Language Programming

C++

Why is Swapzone the best place to convert MAN?

Converting your asset to MAN can be done easily on Swapzone. You can trade MAN crypto coins on the Matrix AI exchanges that Swapzone will compile for you. Since Swapzone provides you with the best rate exchange options, that is what makes it the best place for converting MAN. Here’s a step-by-step guide for your Matrix AI exchange on Swapzone:

Step 1. Visit Swapzone and select the suitable Matrix AI exchange.

Step 2. Select any MAN crypto coin pairing from the list of tokens. After that Swapzone will pull up all the Matrix AI exchange options for the selected token pairing.

Step 3. Input the amount of crypto you want to exchange in the “send” section and select the offer that suits you the most.

Step 4. Click on the “exchange” button and input the address where you want to receive the crypto.

Step 5. There is also an option for a refund address, which is the address where the asset you are swapping for the cryptocurrency will be refunded to incase of any issues.

Step 6. Click on the “proceed the exchange” button to carry out the exchange.

Step 7. After the exchange is finalised and you have your funds received, please, rate the exchange partner and leave a review about your experience. Just a couple of words mean a lot to us!

Why is Swapzone the best place to convert MAN?