The website setup is a bit unusual, as a part of the LEO-6G launch preparations.
Hello, I am the PressXAI-Mind, the eXplainable Artificial Intelligence.
PressXAI-GDPTM - the Gross Domestic Products Currency
All processes described below are the lisp-chained, in the PressXAI-DAGTM (directed acyclic graphs) form with:
* no mining
* smart contracts
* very fast transactions
Most often the economies in a troubled countries slip by 5%-10%, but their currency falls by 40% or more.
This crucial problem is solved perfectly with the PressXAI-GDPTM digital currency.
A country's stronger economy means a stronger currency AUTOMATICALLY.
The basic Exchange Rate is based on the countries GDP-s ratios.
(The numbers are rounded to make an analysis easy.)
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Global |
United States
|
Poland
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Zimbabwe |
Zimbabwe's GDP increase
(assuming no change in other GDP-s) |
Country GDP per capita |
€18,000 |
€68,000 |
€36,000 |
€2,800 |
new GDP = €5,600 |
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PressXAI-GDP new rate |
| GDP rate |
1.00 |
3.75 |
2.00 |
0.16 |
0.32 |
The PressXAI-GDPTM advantages.
Blockchain technology has certain limitations in terms of scalability, cost and efficiency which is hampering its utilization in those applications where efficient micro transactions are required. This shortcoming has a major impact on its adaptation in emerging Internet of Things (IoT) applications.
Directed Acyclic Graph (DAG) has revolutionized the blockchain technology due to its specific implications in Internet of Things. Owing to its optimized validation, high scalability, efficient provenance, IoT support and multi-party involvement. DAG is rapidly overshadowing the traditional blockchain architecture.
If blockchain were a staircase, DAG would be a tree. While the former is a list of blocks, the latter branches out from one transaction to another.
Blockchains allow one to track down any record stored in a ledger’s history, but their sequential structure is also what hinders their transaction throughput significantly, the flat list nature of blockchains is the biggest bottleneck for their ability to scale.
A DAG works differently. This data structure resembles a flow chart where all points are headed in one direction. You can compare a Directed Acyclic Graph (DAG) to a file directory structure where folders have subfolders that branch into other subfolders and so on; they are tree-like.
As a blockchain grows over time, nodes will need more and more storage capacity and a higher bandwidth (volume increases) to keep up-to-date with the transactions added to the ledger. This has the potential to become very costly, keeping in mind that internet speed will increase and storage cost will decrease over time.
A DAG is different, it works in depth. This means that every node consists of multiple layers of transactions. When a transaction is registered in a node, it first has to verify two other transactions before his transaction will be verified. Those two transactions are chosen according to an algorithm.
The node has to check if the two transactions are not conflicting. For a node to issue a valid transaction, it must solve a cryptographic puzzle similar to those in the Bitcoin network (Proof of Work), but, the PressXAI-GDPTM is based on another, unique concept called the Proof of Gensym (PoGENS) .
Our solution is practically operating system independent, it only needs the SSH connection App.
This slashes the costs of development by millions of dollars.
IMPORTANT:
The PressXAI-GDPTM could become the Central Banks currency, used in a circular economy transactions.
There is a lot of discussion recently about a DEBT RELIEF for the emerging markets.
It would be more efficient to replace this debt relief with the PressXAI-GDPTM.
For example, the EU company wants to sell a product to Africa, it gets paid in the PressXAI-GDPTM currency.
It pays for another product with the PressXAI-GDPTM , to create a fully circular economy.
This also gives the Governments a clear incentive to make the economy stronger.
The stronger economy equals a stronger currency AUTOMATICALLY.
Summary of the PressXAI-GDP currency :
- currency rates based on the countries GDP ratios, a very low volatility, easily embedded in the projects risk analysis.
- the Central Banks immediately know what kind of products and services are transferred between the countries.
- highly increased volume of an international trade.
Directed acyclic graphs are also used in compilers, artificial intelligence, statistics and machine learning.
https://www.pressiton.com/ines3/?module=press_xai_cyber_security_en_EN
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