Buy Edge Matrix Computing (EMC)
What is Edge Matrix Computing?
Edge Matrix Computing (EMC) is a decentralized AI computing power application network that employs blockchain technology to innovate how computational resources are utilized and distributed, with a specific focus on AI applications.
How does Edge Matrix Computing work?
EMC functions by utilizing a blockchain-based edge computing protocol, incorporating smart contracts, decentralized storage, and consensus mechanisms for transaction validation. It aims to create a decentralized network that carries out AI tasks, using a unique "Proof of AI tasks" consensus mechanism to validate AI operations. The network employs a combination of Proof of Work (PoW) and Proof of Stake (PoS) algorithms, ensuring efficient and secure processes. Smart contracts facilitate transactions within the network, allowing for flexible and efficient resource sharing.
What are the potential use cases for Edge Matrix Computing?
EMC's potential use cases span numerous sectors:
- Healthcare: AI-driven predictive analytics and real-time data processing.
- Smart Cities: Efficient management of urban services through AI.
- Financial Services: Secure and rapid data processing for transactions.
- Manufacturing: Monitoring and decision-making via edge AI.
- Banking and Finance: ATM security enhancements.
- Transportation: Real-time monitoring for driver safety.
What is the history of Edge Matrix Computing?
EMC was founded by Alex Goh and is part of the Future3 Campus incubator. Its notable history includes raising $20 million for the development of a specialized Layer 1 blockchain, migration to the Arbitrum network, and launching initiatives like the Edge Matrix Partner Network (EPN) for decentralized GPU computing. EMC has progressively advanced in the market, focusing on decentralized networks for AI application support.
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Frequently Asked Questions (FAQs)
What is the current price of Edge Matrix Computing (EMC)?
The Edge Matrix Computing price is $0.05073068 AUD, representing a -6.28% from the day prior.
Where is the best place to buy Edge Matrix Computing (EMC) in Australia?
The best place to buy Edge Matrix Computing (EMC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Edge Matrix Computing (EMC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Edge Matrix Computing (EMC)?
The trading volume of Edge Matrix Computing (EMC) is $222.1K AUD in the last 24hrs, representing a -6.28% from the day prior.
How can I buy Edge Matrix Computing (EMC)?
Edge Matrix Computing (EMC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Edge Matrix Computing (EMC)?
The current market cap of Edge Matrix Computing (EMC) is $9.6M AUD.
Can I convert Edge Matrix Computing (EMC) to cash?
Yes - With Coinstash you can convert your Edge Matrix Computing (EMC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Edge Matrix Computing (EMC) are there?
The current circulating supply of Edge Matrix Computing (EMC) is 191.9M.
Is Coinstash a safe place to buy Edge Matrix Computing (EMC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Edge Matrix Computing (EMC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.