Faythe is a decentralised AI, blockchain and cryptocurrency project. The Faythe Protocol delivers massive advantages compared to the initial and current iterations of the blockchain. The Faythe Protocol is managed by a network based AI that is able to compute on encrypted information greatly improving speed, resource use and security over the network. This technology solves both the high cost of a traditional blockchain network as well as the possibility of any internal or external attack.
Faythe offers a decentralized independent financial ecosystem with full control over the I/O, the ability to bridge and control third party blockchain assets and a powerful infrastructure for decentralized applications. Faythe will offer access and implementation to businesses and individuals with full use of its resource sharing and ecosystem, allowing them to perform in an efficient and reliable environment.
The Faythe arbitration engine is a next-generation blockchain technology that empowers the new shared economy. It is ready to offer state of the art innovations related to speed, security, and integration. The Faythe Chain provides a significant improvement in the way cryptocurrencies work across platforms while bringing a user-friendly experience with zero compromises on security. The future of blockchain should include everyone, lowering the barrier to entry and tech knowledge required by the old generation blockchains.
Faythe will become a standard - developed, audited, and approved by some of the brightest blockchain researchers worldwide. This standard facilitates easy implementation with all I/O provided by the Faythe decentralized AI. The engine stands behind the original idea of Peer-to-Peer Trustless Trust Network and fully delivers on all the promises of the original blockchain while creating all the necessary add-ons required for the Faythe I/O.
Arbitration templates are the core of the Faythe chain. They codify an agreement between multiple parties to define the stakes of everyone involved and provide a mechanism for the decision of the outcome.
We start referring to a template as an Arbitrator once the template instantiates with a particular set of parameters defined. As a comparison to object-oriented programming concepts - the template is a class, and an arbitrator is an object.
Anyone can submit an Arbitration template to the chain, which can then be instantiated by any user or users of the chain.
The Overseer is the trust manager algorithm that is responsible for assigning and maintaining the trust level of interfaces and validators. It is unsupervised AI-based fraud detection and risk management algorithm built into the chain itself that monitors transactions and participants in the Arbitrators.
It provides an overlay layer of trust by assigning scores to oracles and actuators through unsupervised learning. It clusters interfaces (based on their blueprints) and contracts (based on their interface clusters and decision logic) - it monitors the expected behavior and warns when outliers are happening - even on brand new contracts.
To make the trust protocol usable in real-life scenarios, it is vital that the blockchain can interact with the real world. It users oracles to put information into the chain and actuators to trigger actions outside of the chain. First, are sensors; the latter are actuators in a systemic view. Oracles and Actuators share many traits, and we can refer to them as interfaces.
Human interfaces or anything non-software (like a temperature sensor) can be considered as closed source interfaces as well. If an interface's trust level is not backed by a trusted entity, then the validators assign their scores on grouping them on several test transactions. The validators are testing the published oracles and actuators, whether they provide the same output in a variety of scenarios (black-box testing). Anyone deviating from the norm is increasingly marked as untrusted on the chain.
The oracles determine the truth of a real-world event - the sensor part of the chain. They all have a unique signature (a wallet address) and based on that, their level of trust can be gauged. It's up to the users' sanity to use a contract that has trustworthy oracles.
An actuator can execute interface with the real world - the controller of the chain. Actuators can also have varying degrees of trust. Based on the outcome of arbitration, the validator can execute, for example, a bank transfer (through the trusted actuator of provided bank), release a coke from the vending machine, build highways with swarms of remote-controlled asphalt machines. The use-cases are endless.
Intelligence is a very complex term. It can be defined in many different ways like logic, understanding, self-awareness, learning, emotional knowledge, planning, creativity and of course problem solving. Artificial intelligence, in short AI, has been a fascinating concept of science fiction for decades, but we're finally at the point at which it will become not only reality but part of our lives.
Blockchain has developed over the last decade into one of today’s most prominent ground-breaking technologies with the potential to impact every industry and the way we look at finance forever.
Only 0.5% of the world’s population is using blockchain today, but 50% or 3.77 billion people use the internet
In terms of its development, blockchain is where the internet was 20 years ago
9 out of 10 agree that blockchain will disrupt the banking and financial industry
New careers that we haven’t even dreamed up yet that will be created as a result of the blockchain transformation
Our core team is diverse, decentralized and widespread. Security and self-reliance are two of our biggest priorities in order to disrupt the traditional financial status quo. With vast experience in both blockchain innovations and tech implementation they lead the way to the development and deployment of the AI based financial system and next generation blockchain.
More than 10 years experience in blockchain
PHD in Machine Learning
Blockchain & big data expert
Leading expert in cyber security.
More than 20 years experience in tech lobbying
PHD in AI and Robotics
Our dev team is committed to building the best tech while defending privacy, in order to provide the same privacy and freedom to others. Privacy is the power to selectively reveal oneself to the world. This is the legacy of our social smart contract.
Whether you want to contribute or just know more about the project, here you can find the answers to the most common question we get asked.
Faythe is a decentralised AI, blockchain and cryptocurrency project.
The fact that a decentralized arbitration AI will be powered by the network and able to compute on encrypted information. This would provide both speed, low resource usage and improve safety.
Faythe is funded by public contribution via an IEO and previously on the Ethereum blockchain in return for TTP ERC20 tokens. The Faythe Dev Team is funded by TTP donations.