AIOZ Network

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Discover AIOZ Network's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is AIOZ Network?

AIOZ Network is a comprehensive infrastructure solution for web3 storage, decentralized AI computation, live streaming, and video on demand (VOD), powered by a community of nodes. It combines the robustness of Cosmos and the compatibility of the Ethereum Virtual Machine (EVM) to achieve high transaction throughput, speed, and scalability with minimal fees. The network leverages peer-to-peer nodes and global computing resources to create an efficient and scalable decentralized content delivery network (dCDN) for file storage and media streaming.

How is AIOZ Network used?

AIOZ Network is a comprehensive infrastructure solution that addresses the challenges of Web3 storage, decentralized AI computation, and live streaming and video-on-demand delivery. It leverages decentralized networks to provide scalable, secure, and efficient solutions for content creators, businesses, and consumers. Here are some key ways AIOZ Network is used:

  1. Decentralized Storage: AIOZ Network offers decentralized storage solutions, enabling users to securely store and access their data without relying on centralized entities. This ensures data sovereignty and security.

  2. Decentralized AI Computation: AIOZ Network provides decentralized AI computation services, empowering developers and businesses to harness the full potential of artificial intelligence. This includes AI as a service, AI marketplaces, and AI training with decentralized federated learning.

  3. Live Streaming and Video-on-Demand: AIOZ Network enables efficient content delivery for live streaming and video-on-demand services. It supports popular media streaming protocols like HLS and MPEG-DASH and offers a built-in CDN with edge nodes strategically placed globally, ensuring lightning-fast content delivery and minimizing latency.

  1. Use Cases: AIOZ Network has diverse use cases across various industries, including media and entertainment, e-commerce, blockchain projects, healthcare, education, gaming, and telecommunications. It provides solutions for decentralized storage, AI computation, and live streaming, catering to the evolving needs of modern-day businesses and consumers.

  2. Node Participation: AIOZ Network is powered by thousands of global edge nodes run by individuals who contribute their spare computing power. These nodes support the decentralized CDN, AI computation, and data storage, and node operators are rewarded with AIOZ tokens for their contributions.

  3. Token and Ecosystem: The AIOZ token is an ERC-20 token built on the Cosmos blockchain, serving as the native utility token of the AIOZ Network. It facilitates transactions within the network, allows for staking to contribute to network security, and acts as a reward mechanism for nodes providing computing resources and bandwidth. The token can be purchased from both centralized and decentralized exchanges.

Overall, AIOZ Network offers a comprehensive solution for Web3 storage, decentralized AI computation, and video streaming, combining the principles of decentralization, blockchain technology, and user empowerment to address the challenges of the digital landscape.

How do I store AIOZ Network?

To store AIOZ Network (AIOZ) tokens, you can use various wallet options:

  1. Trust Wallet: You can buy and manage AIOZ tokens directly within Trust Wallet. Download the latest version and follow the steps to buy and deposit AIOZ tokens.

  2. MetaMask: MetaMask is a popular browser extension that supports AIOZ tokens. You can manually add the AIOZ Network to MetaMask by following the steps outlined in the AIOZ Network Docs.

  3. Ledger Hardware Wallet: Ledger wallets are offline storage devices that hold multiple currencies securely. You can set up a Ledger device, install the Ethereum app, and connect it to MetaMask to manage your AIOZ tokens.

  1. AIOZ Web Wallet: The AIOZ Web Wallet allows you to manage and interact with your AIOZ tokens. You can connect it to your existing MetaMask account for a seamless experience.

These wallets provide secure and user-friendly options for storing and managing your AIOZ tokens.

How to buy AIOZ Network?

To buy AIOZ Network (AIOZ) tokens, follow these steps:

  1. Create an Account:

    • Choose a reliable cryptocurrency exchange such as Coinbase, Binance, KuCoin, or Gate.io.
    • Register for a free account by providing necessary information, including your email address and a secure password.
    • Complete any required identity verification steps.
  2. Fund Your Account:

    • Deposit funds into your exchange account using methods such as credit/debit cards, bank transfers, or third-party payment services.
    • Ensure you have sufficient funds to cover the cost of the AIOZ tokens you want to purchase.
  3. Select AIOZ Network:

  • Navigate to the exchange's trading platform and search for AIOZ Network (AIOZ).
  • Select the AIOZ/USD or AIOZ/USDT trading pair, depending on your preferred currency.
  1. Place a Buy Order:

    • Enter the amount of AIOZ tokens you want to buy.
    • Review the transaction details, including the price and fees.
    • Confirm your purchase.
  2. Store Your Tokens:

    • Once the purchase is complete, you can store your AIOZ tokens in your exchange account or transfer them to a personal cryptocurrency wallet for added security.

Remember to research the exchange's fees, security features, and supported currencies before making a purchase. Additionally, consider using a decentralized exchange (DEX) like Uniswap or Pancakeswap if you prefer a more decentralized trading experience.

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History of AIOZ Network

AIOZ Network, founded by Erman Tjiputra in 2021, is a blockchain-based platform designed to empower web3 builders with a one-click integration of decentralized applications (dApps) and support for popular smart contract languages across Ethereum and Cosmos networks. The network has been actively developing for over six years, with significant milestones achieved in 2023, such as establishing the AIOZ IBC Relayer to Cosmos Hub and Osmosis Blockchain, deploying AIOZ Node v2, and publishing a paper at the ICCV 2023 conference.

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How AIOZ Network works

AIOZ Network is a comprehensive infrastructure solution that combines web3 storage, decentralized AI computation, live streaming, and video on demand (VOD) capabilities. It operates as a layer-1 blockchain protocol, facilitating the swift relay of content across both Cosmos and Ethereum ecosystems.

Blockchain and Interoperability

AIOZ blockchain empowers web3 builders with one-click integration of decentralized applications (dApps) and supports popular smart contract languages across Ethereum and Cosmos networks. This interoperability allows for seamless interactions between different blockchain ecosystems.

Nodes and Decentralized Content Delivery Network (dCDN)

The AIOZ Network relies on a global community of nodes, with thousands of individuals contributing their spare computing resources to power web3 AI, storage, and media delivery. These nodes form a decentralized content delivery network (dCDN) that ensures fast and secure content delivery by minimizing latency and reducing data travel distance. This distributed approach eliminates single points of failure and enhances overall network resilience.

Infrastructure and Applications

The AIOZ dCDN supports various applications, including video streaming platforms, media and entertainment companies, e-learning platforms, and webinar and virtual event platforms. It offers a cost-effective video delivery solution through optimizations and ensures compatibility with a wide range of devices.

AI Computation and Decentralized AI as a Service

AIOZ Network also provides decentralized AI computation capabilities, allowing developers to unlock the full potential of AI computing while ensuring data privacy, security, and scalability. This includes AI model execution on local devices and seamless integration of AI services.

Token and Incentives

The AIOZ token is used to incentivize node operators who contribute their computing resources to the network. Node operators can earn passive income by participating in the network, which helps to support the decentralized infrastructure.

Overall, AIOZ Network is designed to provide a fast, secure, and decentralized infrastructure for web3 applications, focusing on AI, storage, and streaming services.

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AIOZ Network's strengths

AIOZ Network (AIOZ) has several strengths that contribute to its decentralized content delivery network (CDN) and its potential for growth:

  1. Decentralized Structure: AIOZ Network operates through a twin-turbo structure, leveraging the advantages of blockchain and distributed storage technology. This decentralized approach ensures that the network is resilient, scalable, and secure.

  2. Global Edge Nodes: The network is powered by thousands of global edge nodes run by individuals who contribute their spare computing power. This distributed infrastructure provides a robust and reliable platform for content delivery.

  3. Scalability and Cost-Effectiveness: AIOZ Network's decentralized CDN is engineered for infinite scalability, utilizing peer-to-peer nodes and spare computing resources. This approach offers significant cost savings compared to traditional CDNs, making it an attractive solution for dApps.

  1. AI Integration: The network incorporates artificial intelligence (AI) to optimize file storage distribution, edge node smart caching, intelligent routing, and video compression. This AI-powered technology enhances the overall performance, efficiency, and quality of content delivery.

  2. Security and Reliability: AIOZ Network's decentralized nature ensures high reliability by dispersing nodes globally, preventing downtime by eliminating single points of failure. The network can seamlessly reroute content if some nodes fail, maintaining consistent service and data integrity.

  3. Incentivization: Participants who contribute their computing resources are incentivized with AIOZ tokens, ensuring a secure and decentralized environment for end-users in the Web3 realm.

These strengths position AIOZ Network as a robust and efficient solution for content delivery, storage, and streaming in the Web3 ecosystem.

AIOZ Network's risks

AIOZ Network (AIOZ) carries several risks that investors should be aware of. These risks include:

  • Volatility Risk and Liquidity Risk: AIOZ's price can fluctuate significantly, and liquidity issues can make it difficult to buy or sell the token quickly and at a stable price.
  • Short History Risk: AIOZ has a relatively short history, which can make it challenging to assess its long-term performance and stability.
  • Demand Risk: The success of AIOZ relies on the demand for decentralized streaming services and the adoption of its network by projects and developers.
  • Forking Risk: AIOZ, being part of the Cosmos ecosystem, is susceptible to forking risks, which can impact its security and functionality.
  • Code Defects: The AIOZ network's code can contain defects that can compromise its security and functionality.
  • Regulatory Risk: Changes in regulations can negatively impact the use, transfer, exchange, or value of AIOZ.
  • Electronic Trading Risk: Trading AIOZ electronically can expose investors to risks such as system failures, technical issues, and cybersecurity threats.
  • Cybersecurity Risk: AIOZ is vulnerable to cybersecurity threats, which can result in data breaches and financial losses.
  • Competition Risk: The Layer-1 blockchain space is highly competitive, and AIOZ's success depends on its ability to compete effectively.
  • Dependence on Cosmos Ecosystem: AIOZ's success is also dependent on the continued adoption and security offered by the Cosmos framework.

These risks highlight the importance of thorough research and risk assessment before investing in AIOZ Network.

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Did AIOZ Network raise funds?

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AIOZ Network’s team

  • Erman Tjiputra: Founder and CEO of AIOZ Network, responsible for managing and recruiting engineering teams, and architecting large-scale AI and blockchain products.
  • Trieu Nguyen: Chief Technology Officer (CTO), responsible for developing and implementing the blockchain framework and ensuring the best technology offerings in the competitive blockchain market.
  • Hien Nguyen: Head of Blockchain, involved in the development of the AIOZ Network.
  • Quang Tran: Head of AI, involved in the development of AI-related aspects of the AIOZ Network.
  • Hung Nguyen: Project Manager, involved in the overall management of the AIOZ Network project.
  • Dave Peacock: Team member, involved in the development and growth of the AIOZ Network.
  • Laura Toma: Team member, involved in the development and growth of the AIOZ Network.
  • Joshua Toh: Team member, involved in the development and growth of the AIOZ Network.
  • Dejan Horvat: Team member, involved in the development and growth of the AIOZ Network.

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