[Review] Skynet ICO

Today we will acknowledge the ICO of this task, and at the same period, we will determine what synergy awaits us from such symbiosis of technology.
Skynet is a company, currently at the ICO stage which aims to resolve the issues of blockchain adoption and the functionality of the Internet of Things (IoT). The team at Skynet aim to deliver an end-to-end system that includes a hyper-scalable IoT blockchain network and the first blockchain chip in the world. Skynet will address the problems with blockchain adoption and IoT functionality by providing an end-to-end system comprised of the world’s first blockchain chip and a hyperscalable IoT blockchain network. billions of license-free blockchain chips will be deployed to devices around the world and connected by Skynet’s blockchain network, enabling the real-world infrastructure for blockchain technology while making Skynet the most adopted end-to-end ecosystem.

Today functionality & Climbing - this is the most important complications of Blockchain technology. As choices for its alternative, systems are produced for specific sectors. Their drawback is definitely that these Blockchains are challenging, the streets are not integrated with additional Blockchains that are in the exterior environment correctly, which is necessary often.

For example, the global world of the Internet of things. Today it represents a wide selection of devices linked to the Internet. These are fitness bracelets, smartwatches, smart homes and therefore on. And they all possess different producers, which implies that they are autonomous from one another and when they are linked to existing Blockchains, the above complications shall not allow this to happen without a protection risk.

The usage of existing Blockchains, such as, for example, Ethereum and bitcoin threaten, so-called, transition risks. Transitions are those locations where Blockchain connects to the exterior environment; they are many uncovered to hacker episodes. How can we remove changeover dangers?

Skynet Core is the Risc-V Blockchain Chip that is license free and a key part of Skynet. This blockchain chip can replace an existing CPU and features a core optimized for blockchain technology as well as the Internet of Things. SC-1000 is a 32-bit RISC-V Blockchain Core featuring hardware wallet blocks and CPU for use on standard IoT devices. SC-2000 is the 64-bit version that includes tensor processing, hash acceleration, and the hardware wallet, all for Edge Intelligence. Finally, SC-3000 is another 64-bit RISC-V Blockchain Core, this one with a tensor processor array, AI-protected cold storage, and hash acceleration for complex intelligence.

Blockchain Adoption Failed
Skynet Will Address the Problems With Blockchain Adoption and IoT Functionality by Providing an End-to-End System Comprised of the World’s First Blockchain Chip and a HyperScalable IoT Blockchain Network. Billions of License Free Blockchain Chips will be deployed to devices around the world and connected by Skynet’s blockchain network, enabling the real-world infrastructure for blockchain technology while making Skynet the most adopted end-to-end ecosystem. Video Coming Soon.

Skynet Core
Skynet Core is a license free Risc-V Blockchain Chip that can replace the existing CPU with a core optimized for the Internet of Things and Blockchain Technology.

Problems with Blockchain Networks for IoT
Despite all the benefits of blockchains, current networks come with a big computational overhead and low finality. Network architectures cannot handle billions of interactions that IoT devices make every day, and do not support adoption in the real world. Older network architectures like Bitcoin or Ethereum are based on principles such as the Proof-of-Work consensus and “One Blockchain, Many Applications” design. Blockchains that grew from these older principles have a low transaction rate (7-20 transactions per second), high transaction cost (.70 cents), try to fit in many applications in one chain, and have nodes doing computationally expensive useless work.

Blockchain Adoption Problem
In addition to architectural problems, all cryptocurrencies face adoption issues, and the space is highly speculative. Bitcoin and Ethereum have valuations of 131 billion and 60 billion respectively (as of June 2018) because they are the most adopted networks in the space despite their underlying technology. However, no cryptocurrencies can gain widespread adoption because of their design and the underlying infrastructure. For cryptocurrencies and blockchain technology to start gaining adoption, they must be:

Efficient – Transaction fees should be minimal, have low confirmation times, and be energy efficient.
Legacy Compatible – Blockchains or DAGs need to be compatible with current systems

Addressable Network Solution Design
Anarchic Scalability
Given the evolving chaotic nature of Internet of Things, SON’s architecture must be designed for anarchic scalability and must constantly evolve to fit the IoT ecosystem. For example, as the complexity of IoT grows, varying systems must be included to support billions of different IoT links, interactions between autonomous entities, and new entities joining the system without risking failure. Subsystems and permissoned subchains will also most likely need to be added to increase privacy, control, and reliability in spaces like military or healthcare fields.

Portable
With all different device types and existing hardware, SON should be able to be used in small devices such as sensors, existing CPUs, and adaptable to new hardware. Operations on the blockchain should be configured and optimized towards the device type, enabling smaller devices with lower power and memory to participate in the consensus while allowing more-capable devices to run full nodes.

Skynet Protocol
OpenSingularity aggregated all the design propositions into Skynet, a safe end-to-end, distributed artificial intelligence system that will foster collaboration and intelligence between all the devices in its network. To address both the adoption of cryptocurrency and limitations of intelligence in hardware, Skynet is comprised of Skynet Core, a neuro-processing blockchain chip. To address the scalability, overhead, and limited applications in traditional blockchain networks, Skynet is also comprised of SON, an infinite-blockchain network.

Skynet Adoption Plan
OpenSingularity believes that there is a need for an alternative to ARM in the IoT semiconductor industry, and by bringing a license-free Blockchain Brain Chip IP core and open source RISC-V ISA architecture design to the semiconductor industry, OpenSingularity will enable many companies to design high performance and energy efficiency consumer ASICs at a reduced cost. OpenSingularity’s RISC-V AI blockchain core license-free model will provide a free competitive alternative with added features of coupling devices with a blockchain network and a brain-on-chip system. With the license-free business model, companies and SoC designers will be able to use a similar core with the same functionalities but optimized for the blockchain.

Skynet Token
Skynet Token is the native staking token of the Skynet Open Network and SON Fabric. In Proof-of-Stake blockchains, the creators of each block are chosen by random selection in a round-table like fashion according to how much coins or value the person holds. To provide incentives for participants to stake the currency, the Skynet token is solely designed for staking whereas block rewards and fees are distributed in another token. Interestingly enough, Skynet tokens can be used for staking with other IoT Chains.

Skynet Open Network
Skynet Open Network, Singularity, also known as an AI KnowledgeNet or Virtual Application Layer, is
an extension of Nova and Idex, enabling a series of interoperable applications for interactions and learning between Skynet Cores and other IoT devices. More specifically, these are for decentralized machine learning, distributing computation, and data sharing. The applications can be tied in with Singularity’s multi-chain marketplace where devices can agree on values for their training data or computational power.

Blockchain Hardware
Skynet Core contains revolutionary patent pending ideas such as the embedded Hardware Wallet and compact Crypto CPUs to provide the real-world infrastructure for blockchain technology. With the hardware, Skynet Core devices will be able to run high throughput blockchain networks and securely protect cryptocurrency from theft. Skynet Core will come with its native blockchain network hardware wallet and its cryptocurrenices, giving billions of devices immediate access to the fastest IoT blockchain network.

Team

Alexander Shi – CEO and Founder
Founder of OpenSingularity
AI Research Featured on Cell and Nature
UCSD Medical Deep Learning Researcher
Keynote Speaker at Chinese Summits
Intel and Amazon Robotics

Dr. Jae Jung – CTO and Co-Founder
Vice President of Samsung
Founder of NeoPace
UCSD Researcher
Samsung Technology Award Winner
Samsung Research Fellow

Tami Zhu – COO and Co-Founder
Head of Alibaba Group US BD
Head of AOL Ventures
100 Most Influential Women Silicon Valley
Raised 150m for Rokid AI Startup
Vice President IAC/InterActiveCorp
Head of Excite International Joint Ventures

Dr. Carl Shi – Director and Co-Founder
Vice President of Qualcomm
Lead Commercialization of Chips
Inventor over 400 Patents Worldwide
Voice-Controlled Translation Device Inventor
Leader for Qualcomm Project Startups

Louie Lu – Director of Product
Qualcomm IoT and AI Staff Product Manager
Qualcomm Strategic Ecosystem Development
Led Commercialization of Qualcomm SoCs
Former General Manager at 12 Sigma, China

Rachel Ye – Business Development
Google Ventures, Investment Arm of Alphabet
RA at GV, Seed Investors of Uber, Stripe, Slack
Consultant for Facebook Inc.
Oath Consultant at CMG Strategy
First Place Deloitte Startup Comeptition

ICO TERMS

Ticker: SON
Token type: ERC20
ICO Token Price: 1 SON = 0.00035 USD
Softcap: 3,000,000 USD
Hardcap: 38,000,000 USD
Total Tokens: 1,000,000,000,000 SON
Available for Token Sale: 20%
Bonus available: up to 50%
Each SON token will be swapped to one of each of the three tokens in the Skynet ecosystem: Skynet, Light, Singularity.
Skynet will be running a bounty campaign, but there is no information on it yet.

Another example of a fantasy world that will quickly become a reality. This is usually the technology of pc eyesight. IP cameras with a Skynet Primary nick can acknowledge occasions and warn relevant people about them. The precision of reputation and accuracy of concentrating on of individuals who want to become informed about specific events will also continuously develop. Because Skynet is undoubtedly a self-developing program.

Website: https://skynet.co
Token sale: https://skynet.co/tokensale
WhitePaper: https://skynet.co/img/lightpaper.pdf
Telegram: https://t.me/SkynetOpenNetwork
Twitter: https://twitter.com/OpenSingularity
Facebook: https://fb.me/OpenSingularity

Bitcointalk username: kimdung1709
Bitcointalk URL profile: https://bitcointalk.org/index.php?action=profile;u=2296878
ETH address: 0x3EB13628f4a7E76d87ca0EcfA8dad629f5eC7a85