The post An In-Depth Interview with Igor Bershadsky, Co-founder of PhronAI appeared on BitcoinEthereumNews.com.

In this exclusive interview with Blockchain Reporter, Igor Bershadsky, Co-founder of PhronAI, delves into the groundbreaking integration of AI in blockchain technology. He explains how PhronAI’s dynamic consensus mechanism, driven by AI, is revolutionizing blockchain security and efficiency. Bershadsky also discusses the challenges of developing solutions at both Layer 0 and Layer 1, the future of low-code environments in blockchain, and the advanced AI-driven security features that safeguard PhronAI’s network. This conversation provides insights into the innovative strategies PhronAI is employing to stay at the forefront of blockchain technology. 1) Could you explain the role of AI in PhronAI’s dynamic consensus mechanism? How does it enhance the security and efficiency of blockchain transactions compared to traditional methods? PhronAI was conceived as a means to solve for the lack of an automated and dynamic governance mechanism in modern blockchain networks. By integrating AI into the PhronAI blockchain, we have established a proprietary dynamic consensus mechanism that leverages AI to optimize blockchain operations fundamentally. This system helps predict transaction volumes and potential security threats in real-time, allowing our network to adjust the consensus requirements to maintain optimal performance and security. This core AI technology, which we have named Phronesis, enables processing times under 0.9 seconds at an average cost of $0.00001 and maintains a throughput of 31,000 transactions per second, achieving unparalleled network scalability without congestion.  Furthermore, the integration of AI enables the network to analyze large datasets and streamline the decision making process.  This sets up the right foundation of data privacy, security, and transparency which can empower the devops community to build intuitive and purposeful DApps, without burning too much investment. 2) Can you detail how PhronAI’s AI-driven consensus mechanism adapts to changing network conditions? What are the specific machine learning techniques used to enhance consensus accuracy and reliability? Our…

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Filed under: News - @ August 30, 2024 3:23 pm