Matrix AI Network
MANGoing 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.
Matrix AI Network Exchange Rate
MANWhat 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.
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.
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.
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.
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:
- Visit Swapzone and select the suitable Matrix AI exchange.
- 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.
- Input the amount of crypto you want to exchange in the “send” section and select the offer that suits you the most.
- Click on the “exchange” button and input the address where you want to receive the crypto.
- 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.
- Click on the “proceed the exchange” button to carry out the exchange.
- 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!
Frequently asked questions
What is the Matrix AI Network exchange rate?
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Where to find the lowest transaction fees?
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
What is average transaction time?
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
How to choose a cryptocurrency wallet to store Matrix AI Network?
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
What is the best cryptocurrency exchange for beginners?
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
What is Swapzone?
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
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