Frax Finance, the decentralized stablecoin protocol, has partnered with associated project IQ and is working on an AI technology stack to validate transactions on the blockchain network. This is a major step towards integrating artificial intelligence (AI) with blockchain technology.
Frax Finance unveils AIVM technology stack
Decentralized stablecoin protocol Frax Finance has unveiled its AIVM technology stack, which operates as a parallelized blockchain within the Fraxtal Layer-2 rollup and uses a new proof-of-inference consensus system. This proof-of-inference mechanism will leverage AI and machine learning mechanisms to validate all transactions on the blockchain network.
Frax claims its AI technology stack will enable artificial intelligence (AI) to operate completely autonomously. This would eliminate single points of control and promote seamless collaboration between AI and blockchain technologies. Speaking on the development, Cesar Rodriguez, CTO at IQ, said:
“Launching tokenized AI agents with IQ ATP on Fraxtal AIVM will be unlike any other launch platform thanks to this joint venture. On-chain sovereign agents (AIs) owned by token holders represent a 0-to-1 moment for crypto and AI.
An overview of the Vision 2025 roadmap
As part of its Vision 2025 roadmap, Frax Finance has defined ambitious strategies to consolidate its position as a decentralized crypto central bank. One of the major highlights is the introduction of the Frax Universal Interface (FUI), designed in a way to integrate the innovative technology stack of the project.
Additionally, the roadmap includes a rebranding of the FRAX stablecoin as well as a planned network upgrade via a hard fork. Frax Finance founder Sam Kazemian said:
“Our Vision 2025 roadmap is a bold step toward creating the infrastructure that makes DeFi intuitive, accessible, and scalable for the next billion users entering crypto.”
Frax Finance previously launched its layer 2 blockchainFraxtal, which offers decentralized sequencers to group transactions into a roll-up network. Fraxtal also encourages the use of block space by rewarding users for spending gas and interacting with smart contracts.
The Frax protocol is the first fractional algorithm stablecoin system, offering an innovative approach to decentralized finance. Completely open source, permissionless and fully on-chain, the protocol is currently implemented on Ethereum. Frax aims to provide a highly scalable and decentralized algorithmic currency, positioning itself as an alternative to fixed supply digital assets.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a deep understanding of financial markets. His interest in economics and finance has led him to focus on the emerging markets of Blockchain technology and cryptocurrencies. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller novels and occasionally explores his culinary skills.
Disclaimer: Content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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