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Robonomics Network (XRT) Market Value, News

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What is Robonomics Network (XRT)?

Robonomics Network (XRT) is a decentralized platform that allows users to create, deploy, and manage fully autonomous robots and other smart devices. It is built on the Ethereum blockchain and utilizes the power of the internet of things (IoT) and artificial intelligence (AI) technologies to enable the communication and coordination of devices.

History and Founders

Robonomics Network was founded in 2017 by a team of experts in robotics, engineering, and blockchain technology. The team was led by Sergey Lonshakov, an experienced software developer who had previously worked on a number of robotics projects. The idea behind the platform was to create a decentralized network that could facilitate communication and coordination between robots and other smart devices.

Technical Aspects and Technology

Robonomics Network is built on the Ethereum blockchain, which provides a secure and transparent platform for the deployment and management of autonomous robots. The platform utilizes a number of cutting-edge technologies, including IoT, AI, and blockchain, to enable the communication and coordination of devices.

One of the key features of Robonomics Network is its ability to enable autonomous decision-making by robots. This is achieved through the use of smart contracts, which are self-executing contracts that automatically enforce the rules and regulations of the platform. The smart contracts are used to govern the behavior of robots and other smart devices on the network, ensuring that they operate within the bounds of the system.

Another key aspect of the platform is its ability to enable real-time data sharing between devices. This is achieved through the use of peer-to-peer (P2P) networking, which allows devices to communicate with each other directly without the need for a central authority. This enables the rapid sharing of data and information, which is essential for the coordination of autonomous robots.

Advantages and Disadvantages

Robonomics Network offers a number of advantages over traditional centralized systems. Firstly, the platform provides a secure and transparent platform for the deployment and management of autonomous robots. This ensures that the robots operate within the bounds of the system and that their behavior is governed by the rules and regulations of the platform.

Secondly, the platform enables real-time data sharing between devices, which is essential for the coordination of autonomous robots. This allows the robots to work together seamlessly, without the need for human intervention.

However, there are also some disadvantages to the platform. Firstly, the platform is still in its early stages of development, and there may be some bugs and issues that need to be addressed. Secondly, the platform requires a significant amount of technical expertise to operate, which may be a barrier to entry for some users.

Market Value

As of May 2023, the market value of Robonomics Network (XRT) is around $75 million USD, with a circulating supply of approximately 70 million tokens.

Conclusion

Robonomics Network is a decentralized platform that allows users to create, deploy, and manage fully autonomous robots and other smart devices. It is built on the Ethereum blockchain and utilizes the power of IoT and AI technologies to enable the communication and coordination of devices. The platform offers a number of advantages over traditional centralized systems, including real-time data sharing and autonomous decision-making by robots. However, there are also some challenges associated with the platform, including technical complexity and the need for ongoing development and refinement. Overall, Robonomics Network is a promising platform with significant potential for the future of robotics and automation.

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About PolkaBridge (PBR)

Contract
0x7de91b204c1c737bcee6f000aaa6569cf7061cb7
Websitehttps://robonomics.network/
ExplorersEtherscan,ethplorer
CommunityTwitter Facebook
API iddrobonomics-network

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