Aave and Polygon to incorporate AI technology into blockchain “proof of learning” fork
The quest to improve the blockchain’s viability, speed and security has been taken up by countless teams, all striving to create the best blockchain network and take Ethereum from second place on the top crypto list.
Polygon has done a great job of providing a fast and secure blockchain over the past few years, as well as being incredibly cheap to trade on. Aave, the crypto lender, has also been heavily involved in development at Polygon, and has also been TVL’s number one project for the past year.
What is Aave?
Users can borrow and lend cryptocurrency on the decentralized Aave platform. Aave automates the process using smart contracts, which include predetermined rules for how money is spread, how collateral is handled and how fees are calculated. Aave specializes in over-collateralized loans, so customers have to put up more cryptocurrency than they want to borrow. This protects lenders from suffering financial losses as a result of loan defaults, and enables the Aave protocol to sell the mortgage if the value falls too low.
AAVE, the company’s original cryptocurrency token, is also available via Aave and can be traded on most exchanges or bet on the Aave platform to generate interest.
Polygon price prediction
If Polygon follows through with tweaking the core way transactions are settled by using the processing power currently used to run the proof-of-stake system to run an AI platform instead, this could be very bullish. With an uptake in AI products hitting new heights, having a new use for the validators machinery to create a second product that sits above the blockchain will no doubt provide a polygon price prediction that likely places the MATIC token in the top 5 cryptos at least. .
The real question remains though, is the Polygon team the first to come up with this idea…?
Avorak AI
With a full range of user-supporting artificial intelligence tools that can streamline work, save time and make money, Avorak AI stands out.
To use the ecosystem, users must purchase the AVRK token, which over time will naturally increase the buying pressure.
The second most important feature of this project is that it will also provide AVRK owners with passive income by allocating a percentage of the money that comes in. The main contrast between the Avorak system and other passive income systems is the source of this passive income, which comes from the usage fees for Avorak items.
The most important feature is that this AI will eventually run on top of its own blockchain. This raises several questions. Is the Avorak team part of the Polygon or Aave team? Will Polygon enlist Avorak to help build if not? Only time will tell.
Want to learn more about Avorak AI?
Website: https://avorak.ai
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