Wire Network Open-Sources Universal Transaction Layer: The Blockchain Infrastructure for the AI Agent Economy
Staff Writer • 2024-09-04
LOS ANGELES, — Wire Network has officially open-sourced its Universal Transaction Layer (UTL), marking the advent of the first blockchain built specifically for the emerging AI agent economy. As artificial intelligence increasingly shapes the global economy, existing blockchain infrastructures like Bitcoin and Ethereum are straining to meet the demands of scalability and cost-effectiveness. Wire Network is set to redefine the sector with what it calls the first true third-generation blockchain. While Bitcoin introduced the concept of digital gold and Ethereum enabled smart contracts, neither were designed for the volume and speed required by the AI economy. "AI agents will need to conduct millions of transactions per second across all blockchains," said Ken DiCross, Founder and CEO of Wire Network. "AI is ready, but current blockchain infrastructure is not. This is exactly why Wire Network was built." Revolutionizing Blockchain with UTL Wire Network’s Universal Transaction Layer promises to deliver on the original promise of blockchain technology—scalable, fast, and cost-effective. Some of its key features include: • No Gas Fees: “Because who wants to pay a dollar to move a dime?” DiCross quips. The UTL eliminates transaction fees entirely, making it cost-efficient. • Cross-Chain Interoperability: Unlike existing siloed blockchains, Wire Network allows for seamless transactions across all major chains, eliminating the need for bridges and oracles. • Instantaneous Transactions: Wire’s “Right Now Transactions” deliver lightning-speed capabilities, enabling AI agents to process at the speed of thought. "We're providing the financial rails for the AI agent economy," said DiCross. "It’s like giving AI a global passport and universal currency." With this capability, AI agents will be able to perform complex, decentralized operations across multiple blockchains, opening up endless possibilities for AI applications. A Vote of Confidence from the Market The response from industry insiders has been overwhelmingly positive. All of Wire Network’s Tier 1 nodes—critical components of the system—have already been purchased by early adopters who understand the transformative potential of this technology. It’s a testament to the confidence that investors and technologists alike have in the platform’s future. Invitation to the Developer Community In a move designed to spur innovation, Wire Network has open-sourced its UTL, welcoming developers, researchers, and stakeholders to contribute to its evolution. "We are excited to announce that as of today, the Wire Network protocol is open-sourced, and we invite engineers worldwide to help us continue building the blockchain of the AI agent economy," DiCross said. Building the Future Economy Wire Network’s UTL is more than just another blockchain—it’s the economic foundation for the age of AI. By removing barriers like gas fees and blockchain silos, Wire Network is positioning itself as the essential infrastructure for decentralized finance and AI-powered commerce. As the world prepares for an AI-driven economic shift, Wire Network’s UTL will provide the technological backbone needed to power the next wave of decentralized applications and AI transactions. Wire Network: Your one-way ticket to the frontlines of the AI agent economy—no gas, all chains, right now. About Wire Network Wire Network is a cutting-edge blockchain platform utilizing an Appointed Proof-of-Stake (APoS) consensus mechanism and tiered node structure to deliver secure, scalable, and efficient infrastructure for decentralized applications and AI agents. Its Universal Polymorphic Address Protocol (UPAP) and Wire Name Service (WNS) ensure seamless cross-chain transactions and interoperability, setting the stage for the future of finance and AI-driven economies.
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