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AIOZ Network is a blockchain-based distributed CDN that allows users to share resources and create a global CDN for streaming platforms. The goal is to revolutionize the way videos are streamed. Instead of relying on traditional CDNs, AIOZ Network utilizes a distributed content delivery network (dCDN) where videos are delivered by regular individuals who are paid to store and deliver content from their devices. This innovative approach harnesses the unused resources of these individuals, including computing power, bandwidth, and storage.
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What Is AIOZ Network (AIOZ) Crypto?
The AIOZ Network is a Layer-1 blockchain that offers full interoperability with Ethereum and Cosmos. As part of the Cosmos ecosystem with EVM compatibility, AIOZ focuses on interoperability, low transaction fees, fast throughput, and instant finality.
AIOZ is more than just blockchain technology; it is an innovative platform that has the potential to change the landscape of the digital media economy fundamentally. With EVM and WASM smart contracts, AIOZ enables the rapid deployment of decentralized applications (dApps), overcoming the problems of traditional content delivery networks (CDNs), such as high costs and lack of transparency. By leveraging unused computing capacities worldwide, AIOZ creates an efficient and cost-effective network for content providers and users.
The central component of the AIOZ Network is the decentralized Content Delivery Network (dCDN), which has a global network connection of nodes. Unlike traditional CDNs that store media on private servers, the AIOZ-powered dCDN distributes media across a network of global nodes operated by users. It removes intermediaries, distributes control, and rewards creators who produce content, viewers interacting with it, and users operating nodes using $AIOZ.
How Does AIOZ Network Work?
AIOZ Network utilizes users' unused computing capacities to create a global node network as a decentralized Content Delivery Network (dCDN). Users can download and install the AIOZ Node software on their computer, contributing to the AIOZ Network. Turning their devices into nodes allows them to use blockchain technology while earning passive income through $AIOZ tokens.
The AIOZ blockchain supports EVM smart contracts (Solidity) and WASM smart contracts (Rust), resulting in high compatibility and interoperability. With these smart contracts, developers can quickly and efficiently deploy dApps, reaching a wide range of users across various ecosystems. AIOZs support of EVM and Cosmos ecosystems enables infinite horizontal scalability.
$AIOZ is a multi-chain asset that includes native tokens on the AIOZ Network Mainnet, wrapped AIOZ on the Ethereum Network ($AIOZ ERC-20), and wrapped AIOZ on the BNB Chain ($AIOZ BEP-20). Conversion between these token types is possible through the $AIOZ Bridge.
History of AIOZ Network
The history of AIOZ Network is closely tied to its founder and CEO, Erman Tjiputra. Born in Indonesia, Tjiputra studied in Singapore and completed his university education in the United States. From a young age, he showed a strong interest in technology and demonstrated great talent in whitehat hacking and reverse engineering. Tjiputra entered Boston College in 1995, studying finance. This move was crucial for the later development of the AIOZ Network.
In 2013, Tjiputra met and began working with the AIOZ team, which includes notable members such as Hien Nguyen, Head of Blockchain; Trieu Nguyen, Chief Technology Officer; Hung Nguyen, Project Manager; and Quang Tran, Head of AI. Together with this core team, Tjiputra created the AIOZ Network, one of the first fully functional blockchain-based decentralized Content Delivery Systems (dCDN).
The official formation of the AIOZ Network team took place in 2017, as smart contracts became increasingly popular. For over five years, the team worked tirelessly without venture capital support. Tjiputra fully funded the project, creating the AIOZ Network, a Layer 1 Native Blockchain-based p2p Content Delivery Network.
Today, AIOZ Network has already received funding from several notable blockchain venture capital firms and is incubated by companies like MV Fuel. It also receives marketing and additional support from Innovion. The AIOZ team has created decentralized applications (dApps) on the AIOZ Network platform, including AIOZ Tube, a video platform similar to YouTube but with additional features, and other upcoming platforms like AIOZ OTT and AIOZ TV. Now, AIOZ Network invites developers, entrepreneurs, and existing businesses to create and develop new dApps within its network.
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Is AIOZ Network (AIOZ) a Good Investment?
AIOZ Network could be considered a good investment for several reasons:
AIOZ Enables Blockchain Interoperability
It enables interoperability between different blockchain ecosystems, which can be a crucial advantage in the rapidly evolving world of cryptocurrencies. The network uses EVM and WASM smart contracts, allowing developers to implement and deploy dApps quickly.
AIOZs Unique Decentralized CDN (dCDN)
The uniqueness of AIOZ also lies in its approach to creating a decentralized CDN that delivers content faster and eliminates barriers between creators and their audience. Users can earn $AIOZ tokens by operating a node and providing unused computing capacities.
Favorable Market Outlook Toward DeFi
AIOZ Network is a part of the growing DeFi sector, which is increasingly important in the blockchain world. Generating passive income through staking is an attractive aspect for many investors.
What Is AIOZ Network Price Prediction?
Several factors could positively influence the AIOZ price prediction:
AIOZ Supports EVM Compatible and Cosmos Ecosystem Networks
First, EVM compatibility and the Cosmos ecosystem enable broad interoperability, allowing the AIOZ Network to attract users and developers from various blockchain networks. It could increase the demand for $AIOZ tokens and, in turn, the AIOZ Network price.
Unique Decentralized Content Delivery Mechanism
The AIOZ Network can change how we deliver and consume content. It could increase interest in the platform and its tokens, especially as the network grows and attracts more partners and developers, supporting the value of AIOZ Network.
Earn Passive Income By Staking AIOZ
Offering passive income through operating nodes and staking $AIOZ tokens could be an attractive opportunity for investors to make a profit. It could also increase the demand for $AIOZ tokens and the AIOZ to USD price.
What Is AIOZ Network Tokenomics?
The tokenomics of AIOZ Network revolve around the $AIOZ token. This token has various functions within the network. It is used for securing the network through staking, distributed as rewards for network nodes, employed as a means of payment for services within the network, and can be traded on multiple exchanges.
$AIOZ is a multi-chain asset on the AIOZ Network Mainnet, Ethereum as an ERC-20 token, and Binance Smart Chain as a BEP-20 token. The ability to switch between these different blockchains provides flexibility and compatibility with various ecosystems.
How to Stake AIOZ Token on AIOZ Network
Heres how you can stake $AIOZ on AIOZ Network to generate passive income:
1. Acquire $AIOZ by purchasing tokens on supported crypto exchanges like BYDFi and transferring them to your wallet.
2. Bond the tokens to the network to stake them via delegation. You delegate your tokens to a validator who stakes them on your behalf.
3. The exact details of the staking process may vary depending on the wallet and exchange. Therefore, it is essential to thoroughly research and ensure you understand the procedure before staking your tokens.
Who Are AIOZ Networks Partners?
AIOZ Network has partnered with leading universities and businesses, such as DWF Labs, HackerOne, University of Liverpool, University of Adelaide, UNDP, Imperial College London, and Prysm Group.
How to Use AIOZ Network
You can use AIOZ Network in various ways, including:
Operate a Node on AIOZ Network
Users can operate a node in the network and earn $AIOZ tokens. You must install the AIOZ Node software on a computer to do this. By operating a node, you become part of the decentralized Content Delivery Network and contribute to improving the speed and efficiency of content distribution.
Stake AIOZ
You can stake $AIOZ tokens on the AIOZ Network. You bond your tokens to the network and receive rewards in this case.
Deploy dApps on AIOZ Network
Developers can use the AIOZ Network for deploying dApps. With the support of EVM and WASM smart contracts, it is easy to implement and deploy dApps.
Trade AIOZ on Crypto Exchanges, And More
Finally, $AIOZ tokens can be bought and sold on various cryptocurrency exchanges. They serve as a means of payment within the network and can be used to purchase services or exchange for other cryptocurrencies.
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