This project was the top prize winner at the 2021 MIT Bitcoin Expo Hackathon. Award video: https://www.youtube.com/watch?v=Tst2kS89ei4&t=8s. We have since migrated our development to the Algorand Network.
Cryptots is a team working on a project for entry in the MIT Bitcoin Expo Hackathon.
Our project introduces Algorand Autonomous, a smart contract platform, voting mechanism, and a full-stack DAO deployment mechanism. Autonomous Algorand, centers around creating a self-updating DAO using smart contracts on the Algorand blockchain and a neural network to reduce both volatility and risk for investors. At the technical cconvergence of blockchain and artificial intelligence, Algorand Autonomous is a platform for technical and financial innovation.
Our project website can be found here: https://siasky.net/EACutfSK2IQY2o8jgTguX6ahvZQSJ3tr3DoG0bEsZ7VLOQ/
Our White Paper can be found here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3819055
Across blockchain networks, governance is a complex task with multiple stakeholders having several financial interests. The process by which decisions are made among these stakeholders is often centralized with certain authorities. For example, investment funds typically are controlled by a central authority. However, this decision-making framework limits openness for global community development and collaboration, as well as the personal autonomy of network participants.
The solution is a self-updating Decentralized Autonomous Organization (DAO) with three parts. First, a smart contract platform is made available to DAO users. This contract software solves the payment processing problem by making smart contracts simpler and more accessible to new developers and general users. Second, a consensus voting mechanism is established to govern the DAO by democratic process. The consensus voting mechanism will allow the code to evolve to the will of the network. For example, The staking mechanism may evolve using Algorand Standard Asset (ASA) voting.
Third, the smart contract platform and voting procedure are deployed through an online interface and DAO platform. We seek to ensure that all transactions and financial data can be uploaded readily by the user to Skynet. This will enable users to have a secure way to view their financial information and have it be stored remotely. As such, we can provide investors with a decentralized method to invest in both securities and cryptocurrencies. Our goal is to enable users to retain the security that comes with pooling while having independence. Our competitive advantage is AlogNet, a neural network for predicting price changes in Algo.
The demo for our Algorand smart contract platform can be found on YouTube: https://www.youtube.com/watch?v=KXmu_xxkhtU.
The demo for our autonomous Algorand voting and consensus protocol can be found on YouTube: https://www.youtube.com/watch?v=brsojr7qMlE.
The demo for AlgoNet, the neural network for predicting Algo volatilities can be found on YouTube: https://www.youtube.com/watch?v=eUgWrrvDvc4.
World Patent Publication No. 2019/126311 AI, Fast and partition-resilient blockchains (December 19, 2018).
Manu Drijvers, et al., Pixel: Multi-signatures for consensus (2019).
Jing Chen, Silvio Micali, Algorand (May 26, 2017).
Yossi Gilad, et al., Algorand: Scaling Byzantine Agreements for Cryptocurrencies (2017).
U.S. Patent Application Publication 2020/0304314 to Micali, Message-credentialed blockchains (September 24, 2020).
U.S. Patent Application Publication 2019/0147438 to Micali, Distributed transaction propagation and verification system (May 16, 2019).
Derek Leung, Vault: Fast Bootstrapping for the Algorand Cryptocurrency, MIT CSAIL (February 2019).
Inspiration for design of SkyNet DB template https://github.com/kwypchlo/note-to-self