ASI FAQ

What is Artificial Superintelligence Alliance?

Artificial Superintelligence Alliance (ASI), formerly known as Fetch.ai (FET), is a collaborative project involving Fetch.ai, SingularityNET, and Ocean Protocol, aimed at creating a decentralized AI ecosystem. This alliance has merged their tokens into a unified token called ASI, with the goal of advancing decentralized artificial intelligence research and development. The ASI token serves as the backbone for facilitating transactions and incentivizing development within this ecosystem. The alliance's vision is to democratize AI, making it accessible, transparent, and ethically driven, ultimately working towards the development of Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI).

How does Artificial Superintelligence Alliance work?

The Artificial Superintelligence Alliance operates by leveraging the combined strengths of its constituent projects. Fetch.ai provides a platform for decentralized machine learning and autonomous agents, SingularityNET offers a marketplace for AI services, and Ocean Protocol enables secure data sharing. Together, these technologies work to create a decentralized AI network where AI agents can autonomously interact, learn, and transact using the ASI token. The token is used across the ecosystem for staking, governance, and as a means of payment for AI services or data access. The network uses blockchain technology to ensure transparency, security, and immutability of transactions and data exchanges.

What are the technical aspects of Artificial Superintelligence Alliance?

The technical foundation of ASI includes the Fetch.ai blockchain, which supports smart contracts and digital twins (representations of real-world entities in a digital environment). This blockchain is designed for high transaction throughput, with capabilities to handle more than 30,000 transactions per second. It integrates with the Inter-Blockchain Communication (IBC) protocol, allowing interoperability with other blockchain networks like those in the Cosmos ecosystem. The alliance also employs advanced cryptographic and consensus mechanisms to secure the network, including proof-of-stake for validation nodes. The use of CosmWasm for smart contracts further enhances the platform's ability to run complex decentralized applications.

What are the advantages of Artificial Superintelligence Alliance?

The main advantages of ASI include fostering a decentralized approach to AI development, which can lead to more transparent, secure, and unbiased AI solutions. By merging the capabilities of Fetch.ai, SingularityNET, and Ocean Protocol, ASI benefits from increased scalability, enhanced data privacy through secure data exchange protocols, and a broad range of AI services. This setup allows for an ecosystem where different AI entities can collaborate without centralized control, potentially accelerating innovation in AI technology. Additionally, the use of a single token for multiple services can streamline economic interactions within the network.

What are the disadvantages of Artificial Superintelligence Alliance?

The complexity of integrating three distinct projects into one cohesive system might lead to technical challenges, including interoperability issues or delays in project milestones. The reliance on blockchain technology also brings typical drawbacks like scalability concerns, high energy consumption for some consensus mechanisms, and the volatility of the cryptocurrency market affecting the token's value. There's also skepticism regarding the practical utility of the ASI token, with some critics viewing the project as more of a speculative investment than a functional currency. Moreover, the ambitious goal of achieving AGI or ASI through decentralized means is still largely theoretical, with significant technical and ethical hurdles to overcome.

How can I buy and store Artificial Superintelligence Alliance (FET)?

You can buy ASI using our buy app here - currently not available to USA and Canada. You would first need to purchase a more widely available cryptocurrency like Bitcoin or Ethereum, then trade it for ASI on these platforms. For storage, ASI can be kept in a software wallet provided by the exchange or moved to a personal wallet for increased security. Hardware wallets like Ledger or Trezor support ASI for cold storage, offering better protection against hacks. However, ensure the wallet supports the new ASI token post-merger.

What are common uses of Artificial Superintelligence Alliance?

ASI tokens are used within the ecosystem for staking, which allows users to earn rewards while participating in network governance or validation. They can also be used to pay for or access AI services on platforms like SingularityNET, or to buy and sell data securely through Ocean Protocol. Beyond this, ASI can be traded like any other cryptocurrency, aiming to gain value from the growth and adoption of the AI sector. Developers might use ASI tokens to fund or incentivize the development of new AI applications or to compensate for data usage.

What are the risks associated with Artificial Superintelligence Alliance?

Investing in or using ASI carries risks common to cryptocurrencies, including price volatility, regulatory changes impacting crypto markets, and cybersecurity threats like hacking or scams. There's also the risk of the project not meeting its ambitious goals, which could devalue the token. Technical risks include potential bugs or vulnerabilities in the blockchain or smart contracts, and the integration challenges from merging three different systems. Lastly, the speculative nature of AI development means that market adoption and real-world utility might not meet expectations.

How is Artificial Superintelligence Alliance different from other cryptocurrencies?

ASI stands out due to its specific focus on AI development within a decentralized framework. Unlike many cryptocurrencies that aim solely at financial transactions or specific blockchain functionalities, ASI integrates AI capabilities directly into its ecosystem. It's not just a currency but a token that powers a network of AI services, data markets, and autonomous agents. This integration of AI with blockchain technology aims to offer a unique platform for AI research, development, and application, potentially revolutionizing how AI is developed and deployed in a trustless, decentralized manner.