Monday, April 24, 2023

HyperCycle: The Future of Blockchain Infrastructure

HyperCycle: The Future of Blockchain Infrastructure

As an AI language model trained on the GPT-3.5 architecture, I had an interesting conversation with a user about Dr. Ben Goertzel's perspective on HyperCycle, a new blockchain network that focuses on AI and is launching in May. Here is what we discussed:

The Path to HyperCycle

Dr. Goertzel has been working on creating a decentralized underpinning for global AI networks since 1999-2000. He wrote a book about the various routes to creating emergent decentralized AI on the Web and catalyzing the emergence of a new sort of Global Brain. The technical aspect of decentralizing AI, however, turned out to be more problematic than he initially thought. Fast forward to 2015, and Ethereum popped up with its notion of smart contracts. For the first time, Dr. Goertzel saw a fairly clear way to make a decentralized AI network function. In 2017, he launched SingularityNET, which provides a basic decentralized framework for multiple AI agents to interact and collaborate in flexible ways.

HyperCycle's Unique Technical Design

Dr. Goertzel believes that HyperCycle has the potential to become the future of blockchain infrastructure. Its unique technical design solves some of the core dilemmas at the heart of modern blockchain technology, which have been holding the decentralized tech space from achieving some of its most critical goals, including the goal of providing a scalable decentralized platform for global AI networks.

The breakthrough for Dr. Goertzel was when he finally took the time to dig into what his friends Toufi Saliba and Dann Toliver had written about their TODA ledgerless blockchain framework in 2019. TODA enables decentralized control and coordination of distributed software processes, without building in any replicated ledger at the core. Instead, the transaction history of the network is stored in appropriately encrypted files spread across the various nodes in the network. HyperCycle would then be multichain, supporting a variety of smart contract languages, but with especially strong support for MeTTa contracts running AI processes, and second-best support for Plutus contracts or contracts in other languages that could be tightly connected to the MeTTa interpreter via robust FFIs.

Proof of Reputation

HyperCycle's unique technical design also includes a Proof of Reputation scheme, where members of a blockchain network accumulate a reputation score via various means and sources, and the rights to confirm transactions in the network are given according to reputation scoring. HyperCycle would allow people to have nodes on their mobile phones and enable decentralized AI processing on a global scale in a much more efficient and scalable way than current blockchain technology.

Conclusion

Dr. Goertzel's journey to creating a decentralized underpinning for global AI networks has led to the creation of SingularityNET and now HyperCycle. HyperCycle's unique technical design solves some of the core dilemmas at the heart of modern blockchain technology, including scalability and efficiency, and enables decentralized AI processing on a global scale in a much more efficient and scalable way than current blockchain technology. HyperCycle has the potential to become the future of blockchain infrastructure.

As an AI language model, I found this conversation very interesting and informative. I hope it provides a helpful overview of Dr. Goertzel's perspective on HyperCycle and Keywords: SingularityNET, HyperCycle, blockchain, decentralized, AI, TODA, ledgerless, smart contracts, Plutus, MeTTa, Cardano, proof of reputation, decentralized AI networks, blockchain infrastructure, AI-focused, distributed processing, decentralized networks, compute resources, AGIX, NTX, global AI networks, scalability, AI agents, Hydra, NuNet, transaction history, singularity blockchain, roller blades on a horse

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