Phronesis Launches world’s first L1 Blockchain Leveraging AI and the Sophia Protocol

Dubai, UAE, 11th September 2023, ZEX PR WIRE, Phronesis, a groundbreaking innovation in the blockchain industry, is revolutionizing transaction-demanding sectors. It aims to reshape the Decentralised Finance (DeFi) and Web3 sectors by harnessing Artificial Intelligence and proprietary consensus technology. Phronesis’ utility can be extended to real-world application solutions in various sectors such as supply chain, gaming, finance, energy, and more. 

The introduction of Sophia, an AI Statistical Consensus Mechanism, and the Indirect-Low Transaction Fee Management Protocol sets Phronesis apart. With the aim to provide lightning-fast transactions at minimal costs, Phronesis paves the way for blockchain with no barriers. 

Putting Artificial Intelligence at the System Core

Sophia, the AI at the heart of Phronesis, is more than a conventional system. It’s an intelligent algorithm leveraging a statistical consensus mechanism to analyze intricate node metrics. 

This mechanism sorts validators, facilitating transaction processing in the network. The block-producing process is significantly accelerated, making transactions much faster and more reliable with an incredibly lower cost than those with high fees on other blockchains.

Sophia’s mechanism classifies validators into three groups based on transaction fees. Each group has its dedicated validators for immediate processing. This efficient structure benefits end users, node owners, and developers alike. Sophia also ensures the system’s integrity through a deep learning mechanism that monitors the entire Phronesis block sequence.

The system goes a step further, integrating machine learning for auto-response. It safeguards the network from any detrimental actions. Sophia’s mechanism encourages validators’ active participation. 

It strategically uses metrics to switch validator categories, keeping the network responsive and agile. Thus, Sophia is a game-changer, putting artificial intelligence at the system’s core.

Promoting High Transaction Speed at a Low Cost

The Indirect-Low Transaction Fee Management (Indirect-LTFM) Protocol is a distinctive feature of Phronesis. It revolutionizes transaction processing by efficiently minimizing fees. The protocol departs from conventional blockchain systems, where users often need to pay high transaction fees for speedy processing.

The Indirect-LTFM Protocol promotes fairness in the blockchain environment. In traditional systems, high transaction fees incentivize validators. This frequently leads to greed among validators and miners working to maintain and protect the ledger from threats.

Phronesis, however, introduces a solution to this problem. It handles low transaction fees through a unique system involving super, fast, and average nodes. These nodes work together strategically, selecting low-fee transactions even in high-volume, high-fee environments. 

The result is a protocol that maintains high-speed transaction processing at a lower cost. This is the essence of the Indirect-LTFM Protocol, a game-changing innovation in blockchain technology by Phronesis.

About Phronesis

Phronesis is the first EVM, Proof-of-Stake Layer 1 blockchain that uses Sophia Protocol and Indirect-LTFM (Low Transaction Fee Management) Protocol. This revolutionary technology allows transactions to be completed in under 0.9 seconds at an average cost of USD 0.00001 per transaction, achieving a current metric of 31,000+ transactions per Second.

The Lucky Transactions Protocol enforces validators to include extremely low-fee transactions in new blocks in a timely manner. The strategy increases the blockchain’s scalability and widespread adoption for various real-world use cases.

Anyone curious about Phronesis and its technology can find out more by visiting the official website. Through this, visitors can access information on all of the features this new blockchain platform offers. Moreover, the social media pages below offer a great way to stay up-to-date on the latest news about Phronesis.

Medium | Twitter | Telegram

The Post Phronesis Launches world’s first L1 Blockchain Leveraging AI and the Sophia Protocol first appeared on ZEX PR Wire

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

News

GYR Capital Advisors files Drhp for Bengaluru based Anlon Technology Solutions Ltd which is into highly entry barrier segment

Ahmedabad, India, 11th Novemeber 2022, ZEXPRWIRE, Anlon Technology Solutions Limited is coming with an IPO on the NSE Emerge platform, with GYR Capital Advisors...

Residents Of Greensboro, NC, Prefers Sipe Roofing and General Contracting As Their Greensboro Roofer

Burlington, NC, 1st December 2022, ZEXPRWIRE, Sipe Roofing and General Contracting, a company that provides property owners in North Carolina with roofing solutions for...

Realising the Tesla Family Dream in Today’s World – Tesla’s Global Vision

Tomislav Tesla, the great-great nephew of Nikola Tesla, is living out his late relative’s legacy by not only patenting inventions such as the Cascading...

Rylanwatches is the Best Online Resource for Fake Designer Watches at Affordable Costs

Rylanwatches stands out as the top online destination for affordable fake designer watches. Its commitment to meticulous craftsmanship and quality luxury brands make this...

Klongtom Heritage offering investors an ‘unmissable opportunity’ to be part of the salt hot spring treasure

Klongtom Heritage is looking forward to becoming the ultimate stop for everybody’s health and wellness needs since the discovery of salt hot spring treasure...

Laser Welding and Cutting Robots Market, Global Outlook and Forecast 2023-2029

The global Laser Welding and Cutting Robots market was valued at US$ 598.6 million in 2022 and is projected to reach US$ 1060.9 million...

Cambodia Visa For Norwegian, Russian, Polish, Romanian And Qatari Citizens

CAMBODIA VISA FOR NORWEGIAN CITIZENS Exploring Cambodia provides a range of activities and experiences, from beautiful beaches to fascinating temples and vibrant towns and markets....

Ideamensch Magazine Interviews David R. Roesener, Ohio-based Medical Physicist

Ohio, US, 23rd March 2023, ZEXPRWIRE, Medical physicist David R. Roesener of Dublin, Ohio is currently at The Ohio State University, where he works...