Speech, markings, bamboo slips, papers, and, more recently, the internet have all been used to transmit human knowledge over the centuries. Text, photos, and videos, which are the most frequent forms of human knowledge, are difficult for robots to comprehend.
The time it takes to convert all knowledge into usable forms, the massive effort necessary to complete activities, and the possibility of data tampering under centralized control are all roadblocks to developing a verified KG that can be used successfully by AI.
Decentralized Financial Technology underpins EpiK Protocol’s dependable financial capabilities (DeFi). Popular cryptos like BTC and ETH are currently owned by the majority of cryptocurrency users.
A decentralized loan service will be offered on EpiK Protocol, allowing these consumers to participate in EpiK’s decentralized knowledge graph economy.
The user begins by converting BTC to eBTC via the EpiK Protocol’s cross-chain gateway. They’ll then stake eBTC to borrow EPK tokens through EpiK’s lending system. They can participate in EpiK’s ecosystem in a number of ways with the EPK tokens they received;
Simple data retrieval
The EpiK Protocol is based on two basic tenets:
1. Only those who are directly affected are eligible to vote on the governance issue.
2. The vote power is weighted differently depending on how much the involved parties are affected.
Based on this, the EpiK Protocol divides the major actors into three groups:
• The Global Group
• Storage Group
• And Knowledge Group.
The Global Group is in charge of enforcing global parameters that protect all EPK token holders’ interests.
The Storage Group is in charge of determining what drives the miners’ motivation.
The Domain Experts must adhere to the parameters established by the Knowledge Group. As the number of Domain Experts and Bounty Hunters increases, reward allocations will need to be adjusted to keep up with market demand for different domains.
EpiK Protocol ecosystems’ Core Participants
Domain Experts, Bounty Hunters, Knowledge Nodes, and Knowledge Gateways are the four types of experts.
Domain Experts (DEs) are responsible for organizing and analyzing material in Knowledge Bases (KGs). They can contribute data to the knowledge graph as well, but only under rigorous supervision.
These are knowledge graph data storage and bandwidth providers who profit from this by supplying data storage and access services. The more money you make, the more data you save; the more money you make, the more data download traffic you get.
Knowledge Gateways provide users with access to the most recent knowledge graph data (KGs). To gain access to knowledge graph data, they must stake EPK.
Knowledge Gateways and Knowledge Nodes will risk more EPK tokens as demand for knowledge graph data on EpiK grows. As a result, the market for EPK tokens grows, and the value of EPK tokens rises.
However, its quizzes may be done individually or in groups, and they are made up of a series (collection) of interactive scenarios.
Each scenario has a series of questions of the following types: multiple choice, truth or false, and matching. Texts, presentations, pictures, and videos, as well as other didactic materials, may be put on the situations. Learning materials generated on an LMS may be simply imported and reused because to its connection with the LMS.
Designing the EpiK cooperation system, which comprises Domain Experts, Bounty Hunters, Knowledge Miners, and Knowledge Gateways, is one of the challenges that was encountered in this project. The other is to develop the four fundamental capabilities of trustworthy storage, finance, governance, and incentive. Only by defining the fundamental logic will we be able to assure the EpiK ecosystem’s long-term viability.
In terms of accomplishments, we reaching the end of the testnet stage, where we have distributed 5 million $epk prizes as of today.
There will be further incentives for pre-mining before the mainnet debut, with 10,000 $epk being awarded each day.
The token price which reflects our community’s support has recently increased by 40%. Also, the first product “Knowledge Mainland v1.0” has just recently finished; Hence, the alpha will be available shortly.
The EpiK Token Economy is powered by EPK, the EpiK Protocol’s native token. The EpiK Protocol builds a collaborative relationship among the KG network’s main players so that they can work together to build a knowledge graph while pursuing their respective objectives.
ABOUT EPIK PROTOCOL
The EpiK Protocol is the world’s first decentralized AI data storage protocol. It creates a global open autonomous community with four core capabilities of trusted storage, trusted incentives, trusted governance, and trusted finance through the integration of IPFS storage technology, Token incentive mechanism, and DAO governance model, which organizes global community users to work together at a very low management cost and continuously produce high-quality AI data. EpiK Protocol thinks that by broadening AI’s horizons and ushering in the era of cognitive intelligence, they may usher in a new era of AI.