AI Platform SingularityNET Announces Collaboration with IOHK to Migrate Its Services from Ethereum to Cardano
SingularityNET, a decentralized artificial intelligence (AI) network that enables anyone to create, share and monetize AI services at scale, has announced its alliance with Input Output HK (IOHK), the company that drives the engineering and development of the Cardano blockchain.
According to reports SingularityNET is seriously considering a migration from Ethereum to Cardano. Although, the final decision has yet to be made.
Ibby Benali, SingularityNET's Data Protection Officer and Manager, announced the news in a blog post on Wednesday, September 30. Benali said that the IOHK and SingularityNET teams had been seriously discussing what it would take to port a significant part of the decentralized SingularityNET protocol from Ethereum to Cardano.
The ad says:
“This would involve providing mechanisms to exchange some of the current (Ethereum-based) AGI ERC-20 tokens for Cardano-based AGI tokens, and also creating analogs of the Solidity smart contracts underlying aspects of the SingularityNET platform using Cardano's new Plutus smart contract. "
The potential move from Ethereum to Cardano is driven by speed and cost concerns that have been severely affected by demand for DeFi platforms.
Ethereum 2.0 promises to solve these problems, but the timing of the launch of different aspects of this next-generation Ethereum remains unclear. This led the AI platform to explore alternative blockchain.
But Cardano is not the only blockchain platform under consideration by SingularityNET. In 2019, the company had plans to split SingularityNET into a radical TODA-based no-ledger framework. The company has also experimented with the NEM blockchain. There have also been interactions with Algorand's team.
According to the company, Cardano is better suited to your needs, as both platforms share a culture and development style focused on advanced computing and mathematics. Ibby Benali, on Cardano, said:
"Cardano's consensus mechanisms and associated algorithms and structures comprise a unique combination of rigorous theoretical foundation and practical scalability and have now reached a level of maturity that makes it possible to port a complex blockchain application like SingularityNET to Cardano."
The in-depth discussion between the two teams has already progressed even before the formal collaboration announcement. But the definitive requalification of the migration of a part of its services has not yet been carried out. The matter will be discussed in depth with the SingularityNET community when the time is right.
SingularityNET is an AI and blockchain project launched by Hong Kong-based Hanson Robotics, the company that made the most sophisticated and expressive robot to date, Sophia. The project is overseen by Hanson Robotics Chief Scientist Ben Goertzel. It's a global AI marketplace where AI developers can put their work, which others can leverage to improve existing robots or build new ones.
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