PhronAI, a pioneer in the blockchain industry, has introduced the world’s first Layer-1 EVM blockchain with an artificial intelligence-based consensus mechanism. The company has taken a significant step forward by unveiling the first internal AI-optimizing Layer-1 blockchain in the world, utilizing the Proof-of-Learning (PoL) Consensus Mechanism.
This achievement has positioned PhronAI at the forefront of blockchain technology, attracting over 1 million wallets and processing more than 75,000 transactions within a few weeks of its launch. The incorporation of internal AI technology enhances the scalability of blockchain intelligence for future growth.
PhronAI’s Innovation in Layer-1 Blockchains with AI
Co-founded by visionary tech entrepreneurs Igor Bershadsky and Guillermo Guimaraes, PhronAI is set to revolutionize the way Layer-1 blockchains are developed and operated. The company has garnered significant interest and secured a $5 million investment from prominent investors like Sander Görtjes of HELLO Labs and Philip Lord of Lord Investment Group, among others.
“I believe there are limitless possibilities in the blockchain realm, and PhronAI aims to explore them,” said Igor Bershadsky, co-founder of PhronAI. “Our Proof-of-Learning Consensus Mechanism is designed to adapt to the evolving needs of the network, and we are confident that integrating AI into blockchain will be seamless.”
Transforming Blockchain through AI Integration
The advanced technologies introduced by PhronAI’s blockchain architecture enable seamless execution of complex network operations without external assistance. The system can adapt to varying transaction loads and volumes, making it ideal for development teams or enterprises requiring extensive AI capabilities.
Utilizing CNNs for Risk Assessment and Novel Algorithms in Business Processes, the PoL Consensus Mechanism manages block sequencing in real-time, while strategic divisional monitoring ensures comprehensive risk mitigation against threats in business operations.
Future Outlook
By Q4 2024, PhronAI is set to launch its native token, $PHRON, which will serve as a utility for platform management and transaction validation. This initiative will solidify PhronAI’s position as a leading company in the blockchain space, backed by substantial intelligence and innovation.