The AIOZ Networks’ decentralised content delivery network) is aiming to deliver the next generation of the internet through their new media economy, as detailed through Coinquora. The CDN sector is a rapidly growing industry, its sensational growth is warranted by the increasing appetite for high-definition short videos. The internal competition for a share of this industry has pushed providers to standardise 4k and 8k with many regions having to improve bandwidth just to accommodate demand.
AIOZ is a layer-1 blockchain network with Ethereum (ETH) and Cosmos (ATOM) interoperability. AIOZ plans to cut the operating costs of CNDs through innovation by introducing new mechanisms to the industry. The AIOZ protocol was established in 2013 by Erman Tjiputra, who currently serves as CEO. Tjiputra, has secured multiple significant partnerships to assist them in their development of AI creations. Recently, AIOZ has developed an efficient solution using blockchain technology that distributes media through manageable segments. Furthermore, the project has the capacity to distribute decentralised payments again by leveraging their internal blockchain technology. AIOZ uses its AI features to identify issues within their media infrastructures scalability to improve user experience over time.
Decentralisation shifts power and responsibility away from central authority and delegates tasks to technology, AI and smart contracts. The integration of decentralised technology hopes to bridge the gap between parties that currently rely on pure faith when transacting and in turn hope to reduce the level of trust required. DeFi (Decentralised Finance) technology is known for supporting many of the latest initiatives, many of which are centered on investing in cryptocurrency. Decentralisation mitigates the need for trust amongst transactors and eliminates the need for third-party arbitrators by building a trustless environment. Utilising the blockchain empowers transactors by providing reliability through its Distributed Ledger Technology (DLT), a protocol that validates transactions through identical data files that are synchronised on the blockchain that document all transactions including those who buy and sell Bitcoin (BTC) and other cryptoassets.
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