Fetch.ai (FET)The exchange rate of one FET at 15:16 UTC is 2.2023$
“Fetch.ai” brings together machine learning, artificial intelligence, multi-agent systems and decentralized ledger technology to create an economic Internet. Thus, “Fetch.ai” is a decentralized digital representation of the real world, where autonomous software agents perform economic calculations using machine learning and artificial intelligence technologies.
The purpose of creating Fetch.ai is the desire to automate all markets, requiring constant manual control. According to the development team, autonomous economic transactions will allow markets to function at tremendous speeds.
Fetch.ai is based on a semi-autonomous system that integrates multiple components of a complex system.
Fetch.ai uses a combination of “proof-of-stake” (PoS) in conjunction with a protocol to do the work of reaching consensus. New blocks are minted using the PoS protocol. The work that takes place between two blocks determines the order of transactions. This work is written on a directed acyclic graph (DAG) that grows between blocks. The DAG is notarized by the blockchain, so there is no need for a coordinator.
Stimulation by the system is distributed among the processing units. The transaction fee consists of several parts, including the offered gas price and the maximum number of transactions.
Exact performance will vary depending on the configured resources available on the processing nodes. On test data, Fetch.ai showed speeds in excess of 30,000 transactions per second. In addition, Fetch.ai can increase the allocated resources as demand increases.
“FET” is the utility token of Fetch.ai. It allows autonomous economic agents to work. The token is the key method for exchanging value on the network. It is required for all network exchanges, for signing up with the network, for staking, and as a mechanism for returning value to those doing work on the network.
FET provides the ability to connect agents and nodes to the network. Attackers will not be able to create unwanted hosts or agents due to high costs.
FET is necessary for the exchange of values between the agents. The token can be divided into an infinite number of parts, which allows for the smallest transactions.
FET is used to access, browse and interact with the Fetch.ai search engine.
FET provides access to the multi-dimensional digital world of Fetch.ai. Tokens allow agents to browse and explore its digital space geographically, semantically or economically.
FET allows you to develop and access a wide range of machine learning and artificial intelligence tasks available on the ledger.
Operating costs in Fetch.ai are separated from the FET token in a similar way to the Ethereum network.
RecordCoin.io