FAIR is an upcoming blockchain with a normal tailor-made to AI exercise. The chain, an evolution of Skale’s gas-free seamless community, will provide safety from Most Extractable Worth (MEV) transactions.
AI brokers are rising their presence, with some displaying analytical skills and the potential to commerce or decide DeFi operations. Most are nonetheless utilizing the prevailing infrastructure of public chains, particularly Ethereum, Solana, and BNB Sensible Chain.
On-chain knowledge reveals Ethereum nonetheless has greater than 32% sandwich trades, with common makes an attempt at sandwich assaults.
All three are threatened by front-running and MEV losses. Even with measures towards sandwich assaults, most DEX levy a small tax primarily based on MEV ordering, requiring the fee of premium charges or bribes.
FAIR goals to eradicate MEV threat
FAIR goals to launch as the primary blockchain suitable with AI brokers, defending them from front-running and malicious actors. Most blockchains are threatened by some type of Most Extractable Worth (MEV) transaction ordering, typically resulting in an incapability to make use of the chain or direct losses.
FAIR goals to finish the issue of the hidden MEV job. The chain will apply safety on the protocol stage, operating BITE (Blockchain Built-in Threshold Encryption). FAIR will launch as a brand new Layer 1 chain, purpose-built for a brand new technology of DeFi and Web3 AI brokers. Transactions is not going to be front-run, censored, or used to trigger private loss. The aim of FAIR is to provide a brand new wave of customers with the assistance of AI.
Not like the Ethereum Digital Machine, FAIR affords a brand new execution setting appropriate for high-frequency buying and selling, establishments, and AI brokers. The chain affords asynchronous processing and quick database entry. The chain is totally constructed from scratch in C++ for close to real-time execution.
The chain permits for the creation of a brand new DeFi ecosystem, the place no person could be front-ran, and even AI brokers can execute their methods with out monitoring. The chain goals to supply instruments for capital elevating, prediction markets, voting, and different apps.
FAIR extends the Skale ecosystem
FAIR is the subsequent section of the Skale chain ecosystem. Present SKL tokens can be burned to run FAIR validator nodes, whereas a brand new native FAIR token can be used on the L1. To align the person bases of the 2 networks, a portion of FAIR can be airdropped to SKL holders, pending a governance vote. The airdrop will observe the launch of the FAIR mainnet and the finalization of tokenomics.
Following the information, SKL tokens bounced from their current lows, rising to $0.02. SKL is a Binance-listed asset with one other extremely liquid market on HTX. Skale is among the well-funded initiatives, elevating $49.5M from a mixture of VC funding and public token gross sales. The venture was backed by ConsenSys, Blockchain Ventures, Galaxy Digital, Multicoin Capital, and others.
Skale presently locks round $300M in whole worth, internet hosting its personal model of SushiSwap. With FAIR, Skale goals to develop its app ecosystem and faucet the current DeFi progress.
