Robonomics Network is a set of open-source packages designed for developers working in robotics, smart cities, and Industry 4.0 environments. It facilitates communication between humans and IoT devices, enabling integration into blockchain ecosystems. The network allows for direct robot-to-robot and robot-to-human interactions by creating a marketplace for robot liability contracts.
Robonomics Network operates as a decentralised cloud for storing digital twins of robotics and IoT devices. It uses blockchain technology, specifically leveraging the Ethereum network and the Robonomics parachain, to create a decentralised system where data is shared across a network. The network employs smart contracts to facilitate interactions between IoT devices and user applications, supporting economic and technical communication between humans and machines.
Robonomics Network has several potential use cases, such as:
Robonomics Network was founded in 2015 by a team of Russian developers, including Sergei Lonshakov. The project began with experiments and publications around using smart contracts to control robots. Over the years, it progressed with the launch of its beta version in 2018 and the public trade of XRT tokens in 2019. Significant technological evolution saw the network transition from Ethereum to Polkadot for improved scalability, with major updates including the launch of the Robonomics parachain on Kusama.
The Robonomics Network price is $2.7382 AUD, representing a -6.68% from the day prior.
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The trading volume of Robonomics Network (XRT) is $33.0K AUD in the last 24hrs, representing a -6.68% from the day prior.
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The current market cap of Robonomics Network (XRT) is $9.1M AUD.
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The current circulating supply of Robonomics Network (XRT) is 2.9M.
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