What does Matrix AI Network do?
Matrix AI is a platform solution that allows for easy-to-create dApps and improved scalability. Matrix AI’s philosophy is that incorporating AI with blockchain technology can allow for positive social and technical implications.
Using AI, the project will allow users to create smart contracts without possessing any technical knowledge; they will simply need to enter inputs, outputs, and conditions defining how they would like the smart contract to operate.
Between AI-generated code and simplified smart contracts, Matrix AI Network hopes to offer a powerful and user-friendly platform.
How does MAN coin work?
Currently, MAN coins are ERC-20 tokens used to pay for gas fees. MAN coins are also used as a medium of exchange. Until the project’s mainnet launches, it cannot be mined as is the case with all ERC-20 tokens.
When Matrix AI Network’s mainnet launches, PoS may be added to their protocol for staking MAN coins, but this is yet to be confirmed.
How can MAN coin appreciate in value?
Value appreciation always comes down to demand. There is a maximum total supply of one billion tokens. If the demand exceeds the current supply (and any inflationary rates), then the price should increase. Until Matrix AI Network’s mainnet launches (which is expected to happen in 2020) the utility of the token is highly speculative.
What are the differences between Matrix AI and its competitors?
Matrix AI competes with other platform coins such as Ethereum. One major difference is Matrix AI’s intent to foster dApp creation by offering an easier to use solution. Ethereum’s smart contract language, Solidity, requires technical knowledge and must be developed by an experienced programmer.
Ethereum also has plans for scalability, like sharding and plasma. It is yet to be seen how this will play out for Ethereum, and it is yet to be seen how Matrix AI will work until their mainnet is launched.
