Fetch.ai is a groundbreaking artificial intelligence (AI) lab that is constructing an open, permissionless, decentralized machine learning network with a crypto economy

The Fetch.ai network makes AI technology more accessible by allowing users to connect and access secure datasets and use autonomous AI to perform tasks that take advantage of its global data network.

What is Fetch.ai?

Fetch.ai was founded in 2017 and launched via IEO on Binance in March 2019. The Fetch.ai model is based on use cases such as optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, and travel—essentially any complex digital system that relies on large-scale datasets.

The Fetch.ai Protocol

The Fetch.ai blockchain is an interchain protocol based on the Cosmos-SDK and utilizes a high-performance WASM-based smart contract language called CosmWasm to enable advanced cryptography and machine learning logic to be implemented on-chain.

This layer is in charge of securing the network through consensus and offers staking, governance, and identity services that support digital twin applications.

The Fetch.ai blockchain employs a modified version of the Cosmos protocol's Tendermint Proof-of-Stake (PoS) consensus mechanism to secure the network. Since the Fetch.ai blockchain is Cosmos-based, it can interoperate with other blockchains in the Cosmos ecosystem via the inter-blockchain communication (IBC) protocol.

ERC-20 and Native FET Token

Fetch.ai utilizes its native cryptocurrency, FET, as a utility token and the primary medium of exchange within the platform. FET is used for paying network transaction fees, deploying AI, and purchasing services. Additionally, users can stake FET to participate in securing the network through its Proof-of-Stake consensus mechanism, earning rewards for contributing to validator nodes.

Ecosystem

Fetch.ai's thriving ecosystem encompasses various collaborations, partnerships, and integrations with industry leaders, academic institutions, and developers. This diverse community further strengthens the network's utility and reach, enhancing its ability to revolutionize AI and data sharing within multiple industries.


Fetch.ai is a groundbreaking platform that combines the power of blockchain and machine learning to create a more accessible and secure AI-driven environment. By democratizing access to AI technology, Fetch.ai enables developers, organizations, and individuals to connect and benefit from secure, permissionless datasets and advanced machine learning capabilities.

As Fetch.ai continues to evolve and grow, its impact on various industries can only be expected to expand, solidifying its role as a leader in AI-driven data sharing and advanced machine learning applications.

References:

Fetch.AI Coin (FET): Blockchain Machine Learning | Gemini. (n.d.). Retrieved from https://www.gemini.com/cryptopedia/fetch-ai-crypto-fet-blockchain-machine-learning-fet-token

elegant_solution. (n.d.). Retrieved January 13, 2024, from https://www.freepik.com/author/user28432665

Freepik - Goodstudiominsk. (n.d.). Retrieved January 5, 2024, from https://www.freepik.com/author/goodstudiominsk

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