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Consensus

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Description

What does Consensus crypto do?

Tasks of increasing complexity are requiring more advanced technology. For example, comparing sentiment on government from people in different countries requires a mechanism that can poll and process data from the people in those countries. Consensus introduces AI technology to help with these tasks.

Consensus plans to improve governance processes for startups, enterprises, cities, counties, states, and countries with voting polls, surveys, and other methods of gathering data.

Consensus users sign up with eIDs (electronic identities), allowing governments to run polls, surveys and analyze data in their communities. Participants who help improve, regulate, and contribute to the network are rewarded in SEN, Consensus’ native coin.

How does SEN coin work?

SEN coin is used to pay for fees, reward contributors, and as a medium of exchange. Those that contribute to the network are rewarded in SEN coins.

In general, users can receive SEN coins simply by providing their data and other contributors and validators are rewarded with SEN for their work.

How can SEN coin appreciate in value?

If SEN is actually used by governments, then the demand for it will rise greatly. If one government gains value from the network and can analyze useful data, then it would be natural for other governments to want to integrate with the Sentient network, as well.

Given the large total supply of over one billion coins, the demand for SEN would need to grow greatly to have a large impact on the price of Consensus’ coin.

What are the differences between Consensus and its competitors?

At a practical level, Google is Consensus’ largest competitor. Google has immense amounts of data and has an ever growing interest in AI. The Sentient network needs to onboard a lot of data, and has to be equally as easy to use as Google.

Given the addictiveness of websites like Facebook, Reddit, and other social networking outlets, humans are quick to upload their data to the central Internet, which inevitably flows in to Google. Sentient will need to have equally as good or better marketing plans to achieve this amount of user data.

  • Mainnet Launch: Not yet
  • Consensus Type: Unknown
  • Technology: Blockchain
  • Total Coin Supply: 1,650,000,000 SEN
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Description

What does Consensus crypto do?

Tasks of increasing complexity are requiring more advanced technology. For example, comparing sentiment on government from people in different countries requires a mechanism that can poll and process data from the people in those countries. Consensus introduces AI technology to help with these tasks.

Consensus plans to improve governance processes for startups, enterprises, cities, counties, states, and countries with voting polls, surveys, and other methods of gathering data.

Consensus users sign up with eIDs (electronic identities), allowing governments to run polls, surveys and analyze data in their communities. Participants who help improve, regulate, and contribute to the network are rewarded in SEN, Consensus’ native coin.

How does SEN coin work?

SEN coin is used to pay for fees, reward contributors, and as a medium of exchange. Those that contribute to the network are rewarded in SEN coins.

In general, users can receive SEN coins simply by providing their data and other contributors and validators are rewarded with SEN for their work.

How can SEN coin appreciate in value?

If SEN is actually used by governments, then the demand for it will rise greatly. If one government gains value from the network and can analyze useful data, then it would be natural for other governments to want to integrate with the Sentient network, as well.

Given the large total supply of over one billion coins, the demand for SEN would need to grow greatly to have a large impact on the price of Consensus’ coin.

What are the differences between Consensus and its competitors?

At a practical level, Google is Consensus’ largest competitor. Google has immense amounts of data and has an ever growing interest in AI. The Sentient network needs to onboard a lot of data, and has to be equally as easy to use as Google.

Given the addictiveness of websites like Facebook, Reddit, and other social networking outlets, humans are quick to upload their data to the central Internet, which inevitably flows in to Google. Sentient will need to have equally as good or better marketing plans to achieve this amount of user data.

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