26. March, 2019

Fetch.AI weekly newsletter #028 – Details of our groundbreaking smart contract technology

Hello from everyone at Fetch.AI,

After the excitement of recent months, this week the team have had their heads down delivering some of the many aspects of our technology.

One element of this came in the form of our latest paper concerning our Smart Ledger. We are proud to announce that we have achieved a breakthrough in smart contract technology that massively enhances the value of both the cryptocurrency ecosystem and the wider economy. The principal innovation is known as Synergetic Contracts, which can be used to harness the full power of a distributed compute network to solve coordination problems within a distributed ledger. For the cryptocurrency community, these contracts enable transactions that involve the exchange of different token types without needing an exchange. We will be sharing more details on how the community can get involved with developing this new technology in the very near future.

We’ve also released an introduction to our ledger Python API, showing you how to create a FET balance and send FET tokens over your own private testnet. Please take a look and let us know what you think.

Both documents require a degree of technical expertise and we recognise the importance of ensuring the whole community, and not just academics and developers, are able to understand our technology. It was with this in mind that we released our maze demonstration video this week. The video shows agents in two mazes and highlights the superior performance of the agents that use the collective intelligence of the Fetch.AI network, compared to those that do not.

We have also welcomed a new member to the team this week. David Minarsch joins us as a computational economics researcher. David combines game theory expertise with engineering and product experience in machine learning and blockchain technology.

Today, Fetch.AI (FET) tokens were listed on Coinsuper. The exchange platform will also be holding a trading competition with 50,000 FET tokens to be won.

Last but not least, our chief technology officer Toby Simpson published an article this week describing the inherent difficulties of proving your identity using today’s technology. As we all know, it is a time-consuming process and one that can be vastly improved. ANVIL is a new technology that bridges Fetch.AI and Sovrin that will alleviate many of the flaws of the current system. To learn more about ANVIL, please sign up for the live demonstration on 28 March.


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