Thursday, June 1, 2023

HUMAN Protocol Asks ELGD to Recreate Blockchain


The Elrond (ELGD) blockchain network has announced the migration of the HUMAN Protocol.

The team hopes Elrond’s fast throughput, low transaction costs, and carbon-neutral nature will help them revolutionize human-robot collaboration.

Blockchain-Based Markets Are Revolutionizing

By providing next-generation artificial intelligence and transforming how people work through distributed job markets, the Human Protocol promises. Also, with its internet-scale blockchain technologies, Elrond Network seeks to enable the masses to enter the new global economy.

The HUMAN Protocol, powered by Ethereum, connects the world’s labor to the endless need for human annotations of raw data. Allowing millions of people to find work and AI systems to leverage human reasoning more efficiently.

However, the team claims that Ethereum’s scalability issues prevented the HUMAN Protocol from reaching its full potential. As a result, it resorts to Elrond, a network capable of 15,000 TPS and growing to 100,000 TPS via Adaptive State Sharding.

HUMAN Protocol’s Technology and Crypto Director, Harjyot Singh, indicated that the Elrond Network’s throughput might allow the HUMAN Protocol to operate as intended. It allows them to deliver features that the blockchain cannot.

In fact, Elrond’s skills have piqued their interest in new features and designs. Elrond’s technological talent can unlock the Protocol’s potential; this type of innovation can aid them as we seek to revolutionize the way humans function.

HUMAN Protocol Benefits

The HUMAN Protocol builds a blockchain-based “Requester” and “Worker” economy. Also, jobs requiring human comprehension are assigned by Requesters to Workers who complete them and earn HMT tokens.

hCaptcha, a privacy-preserving anti-bot solution that rewards websites, and Computer Vision Automation Tool (CVAT), which allows data exchanges over HUMAN Protocol to support a wide range of data processing needs while also rapidly making jobs available to Workers based on their skill sets.

Elrond is a smart contracts platform with unique features, like intelligent accounts, low latency, and more. Onboarding millions of users into decentralized work pools and paying out billions in “micropayments” will be possible with HUMAN Protocol.

Indeed, Machine learning is ready to make substantial improvements, according to Elrond Network CEO Beniamin Mincu. They’re excited to integrate Elrond Network abilities to the HUMAN Protocol objective and create a global workforce network.

Thus, According to CoinMarketCap, the price of Elrond (EGLD) is currently trading around $127.74, with a market size of $2.43 billion.


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