Hypercycle is a new layer 1 blockchain network designed to supply massively scalable, low-cost infrastructure for decentralized AI, and other applications. HyperCycle will leverage SingularityNET’s Proof of Reputation consensus mechanism and TODA’s data structures and core algorithms.
TODA – A secure communication and coordination protocol on decentralized networks. Relies on the same underlying data structures and encryption mechanisms as standard blockchain platforms, but combines these in a radically different way to enable tremendously greater scalability.
Proof Of Reputation – PoR uses weighted liquid rank based reputations as the basis of a consensus mechanism for blockchain networks. The PoR framework uses the interaction of nodes in a network over time to determine the amount of reputation associated with each node in the network. A node’s reputation is calculated by blending together a normalized set of ratings and the corresponding reputation values of the node providing the rating at a given point in time, rather than simply the value of the direct rating given by other nodes.
Hydra – Hydra is the algorithmic and software framework enabling the Cardano mainchain to communicate efficiently and elegantly with other blockchains. It supports implementation of what would informally be called sidechains, and also of proxies to other fully autonomous and separate blockchains.
The project is being led by TODA’s co-founder Toufi Saliba and SingularityNET’s CEO Dr. Ben Goertzel.
