PhronAI Launches First Layer-1 EVM Chain With Dynamic AI Consensus Mechanism; Registers 1M+ Wallets In First Phase  

Dil Bar Irshad | September 3, 2024 | 08:44 AM IST | Breaking News, Technology, World | Follow on Google News

PhronAI Launches First Layer-1 EVM Chain With Dynamic AI Consensus Mechanism; Registers 1M+ Wallets In First Phase  

PhronAI Launches First Layer-1 EVM Chain With Dynamic AI Consensus Mechanism; Registers 1M+ Wallets In First Phase  

• Founded by cybersecurity entrepreneur Igor Bershadsky and data scientist Guillermo Guimaraes, PhronAI’s foray into building the first AI-integrated network ushers in key features such as Dynamic Node Ranking LTFM Protocol and Adaptive AI Staking.

• With over a million registered wallets since launch, PhronAI has been recording upwards of 75,000 transactions daily.

Dubai, UAE | September 4, 2024: Phron AI, the first Layer-1 EVM blockchain featuring an AI-driven Proof-of-Learning Consensus Mechanism, has launched in the mainnet, registering 1,000,000+ wallets in less than two months. With daily transactions touching upwards of 75,000, the integration of a proprietary AI system enables the Phron network to adjust its throughput dynamically, achieving a near infinite scalability, without affecting the network’s security.. 

Founded by cybersecurity expert Igor Bershadsky and data scientist Guillermo Guimaraes, PhronAI’s team comprises top names in AI/ML and blockchain space, with advisors including Sander Görtjes of Hello Labs, Philip Lord of Lord Investment Group, Nikita Sachdev of Luna Capital and Dariia Vasylieva of FD Capital among others. The company has already entered over 45 strategic partnerships with leading ecosystem players such as Hacken, DeXe Protocol and Kredly. 

Speaking on the network’s successful launch, Igor Bershadsky, Co-founder, Phron AI, said, “PhronAI aims to bring together web3 and AI, to bring mainstream blockchain adoption to a wider community of users and sectors. We are already seeing huge interest among the devops community for our AI-powered consensus mechanism, and we’ll be next extending the native AI capabilities to our upcoming L0. This will enable seamless and easier development of new dynamic L2s without compromising on scalability, enhanced security or throughput.”

About PhronAI’s Dynamic Consensus Mechanism 

PhronAI’s intuitive AI system is designed for real-time dynamic performance, automatically adjusting network parameters to handle increased complexity, ensuring optimal performance and security as the network grows. This AI-driven optimization of consensus mechanisms and data validation processes, accelerates transaction confirmations, adapting to fluctuating demands.

PhronAI’s planned launch of an AI-integrated L0 is expected to usher in a new age of blockchain development, by allowing developers to create a Layer 1 blockchain in minutes, while deploying shared resources offered by the platform to effectively manage user experiences and key network parameters. These include AI-shared nodes to reduce initial bootstrapping costs, as well as a suite of AI solutions such as PhronScan, PhronSwap, and PhronBridge. 

As a fully active network with over 900,000 registered wallets and 2,000,000 blocks generated in under two months, PhronAI is also gearing up to launch its token $Phron in Q4 of 2024. The token will offer its community a range of utilities tied to platform governance, including for transactions, node-block-sharing (NBS) and node validation.

About PhronAI

PhronAI is building the first Layer 1/Layer 0 EVM Chain with a Proof-of-Learning AI Consensus Mechanism, revolutionizing blockchain by integrating advanced AI into consensus and enabling users to create dynamic Layer 1 blockchains. The network’s key features include Proof-of-Learning Consensus Mechanism for dynamic performance, PhronZero for quick Layer 1 blockchain creation, reduced latency in transaction confirmations with AI-driven optimization adapting to fluctuating demands, built-in integration of AI Models utilizing Convolutional Neural Networks (CNN) for block sequence management and auto-response risk mitigation, monetization of AI solutions for Layer 1 and a comprehensive ecosystem including PhronScan, PhronSwap, and PhronBridge. 

Founded by Igor Bershadsky and Guillermo Guimaraes, the company has raised over $5 million from a consortium of family offices, with its advisors including Sander Görtjes of HELLO Labs, Philip Lord of Lord Investment Group, Nikita Sachdev of Luna Capital and Dariia Vasylieva of FD Capital.  

Dil Bar Irshad

Dil Bar Irshad is a seasoned journalist, hails from Jammu Kashmir's Doda, covers political, social, business stories, index stories.