PhronAI, a trailblazer in the blockchain industry, has released the first Layer-1 EVM blockchain with an artificial intelligence-based consensus mechanism. PhronAI has further advanced the design of AI-based blockchains by unveiling the world’s first internal AI-optimizing Layer-1 blockchain that uses the Proof-of-Learning (PoL) Consensus Mechanism.
This feat places the company on an advanced blockchain technology level, accumulating over 1 million wallets and over 75000 transactions a few weeks after launching. Incorporating internal AI technology improves the overgrown capacity of blockchain intelligence to increase in the future.
PhronAI Revolutionizing Layer-1 Blockchains with Artificial Intelligence
Visionary tech entrepreneurs Igor Bershadsky and Guillermo Guimaraes co-founded PhronAI, which is expected to change how Layer-1 blockchains are built and operated. The company has received a lot of interest. It has raised $5 million in investment from top-tier investors like Sander Görtjes of HELLO Labs and Philip Lord of Lord Investment Group and a few other significant figures in the industry.
“I think there are no boundaries in the world of blockchain, and PhronAI’s goal is to fill them,” said co-founder of PhronAI Igor Bershadsky. “Our Proof-of-Learning Consensus Mechanism aims to change depending on the network’s needs as they arise, and we are confident that integration of AI into a blockchain will be effortless.”
Revolutionizing Blockchain with AI Integration
The advanced technologies made available by the developments of PhronAI’s blockchain structure are such that even complex network operations can be efficiently carried out without PhronAI. Development teams or enterprises employing extensive AI resources, as the system can assist itself with different transaction loads and numbers.
For Risk Assessment and Novel Algorithms in Business Processes that function without a Workstation, the PoL Consensus Mechanism deploys CNNs to manage the block sequence within any given time as divisional Strategy monitors every aspect of business operational risk exposure to threats.
Way Forward
In Q4 2024, PhronAI plans to launch its native token and named it ($PHRON). This token can also be considered as a means of managing the platform and validating transactions, which will make PhronAI a very advanced company in the field of blockchain ideals with considerable intelligence behind it.
Source: https://blockchainreporter.net/phronai-rolls-out-first-ai-driven-layer-1-blockchain-registers-1m-wallets/