Matrix AI Network MAN to Polymath POLY Exchange

Crypto Pair Details: MAN to POLY

Matrix AI Network MAN

MATRIX AI Network (MAN) is a global open-source, public, intelligent blockchain-based distributed computing platform and operating system that combines artificial intelligence (AI) and blockchain. MATRIX was created to make blockchains faster, more flexible, more secure, and more intelligent. Besides boasting an impressive 50.000 transactions per second, there are a couple of features which makes Matrix AI Network stand out from its competitors. Matrix adopts a Hybrid PoS + PoW consensus mechanism instead of the traditional Hash computations. The mechanism makes use of value-added computation through the use of the Markov Chain Monte Carlo (MCMC) computations. This computation set is to be used as the Proof-of-Work protocol. This allows the mining process to not only generate MAN tokens but to also be used to power real-world applications. Currently being used in collaboration with Beijing cancer Research hospital to improve speed and accuracy of a cancer diagnosis. While the project seems ambitious with the integration of a working AI in so many areas, the AI-part is already done. Matrix now only has to deliver a working blockchain solution. MATRIX will be launching several community activities after its testnet launch, including a Bug Bounty Program and a Dapp competition, as well as introducing the MATRIX Blockchain Browser and Online Wallet Prototype. Details and instructions will be shared over the coming weeks. Full manner is set to launch December 2018. The MATRIX mining machine is set to launch for sale end of the year 2018.

Polymath POLY

Polymath simplifies the legal process of creating and selling security tokens. It makes a new token standard, the ST20, and enforces government compliance. Only a “list of authorized investors and their Ethereum wallet addresses” can hold ST20 tokens. Therefore, token issuers don’t need to worry about the legal implications of your security falling into the wrong hands. In order to launch a legally compliant token, the Polymath platform brings together issuers, legal delegates, smart contract developers, KYC verification, and a decentralized exchange. All transactions on the Polymath platform take place using the native POLY token. Polymath has programmable equity. Polymath enables companies to take control of their equity issuance through programmable code. It is raising in cryptocurrency opens up an entire wealth of new investors. Polymath eliminates the middleman and financial structures that hinder the deployment of equity. There is a trove of wealth that is untouched by Wall Street that can now be accessed through Polymath. In 2017, Polymath raised over $1.2 billion in funding by selling utility tokens and security tokens. Utility tokens, such as Waltonchain, give you access to a token’s network and are far more common than security tokens. Security tokens, however, provide equity or a claim to dividends from a company. As a result, security tokens, like any securities, are subject to government regulation. Polymath’s new standard for blockchain security tokens aims to embed the necessary regulatory requirements into smart contracts and comply entirely with government security regulations. A wide array of security tokens that will be listed on Polymath at some point will require investors to be accredited, or to be from specific countries.

SOURCE: COINGECKO

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