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BTC $79,044.39 -0.73%
ETH $2,484.23 +0.20%
BNB $741.23 -0.38%
XRP $1.39 -1.26%
SOL $104.16 -1.57%
TRX $0.3342 -0.27%
DOGE $0.0898 +1.33%
ADA $0.2191 +0.58%
BCH $261.30 +2.38%
LINK $12.96 +6.39%
HYPE $85.43 -3.92%
AAVE $131.71 -1.60%
SUI $0.8181 +3.82%
XLM $0.1904 +3.71%
ZEC $1,162.01 -0.25%

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Arthur Hayes released the FLOP yellow paper, planning to airdrop all tokens

Arthur Hayes released a new project FLOP white paper on social media. FLOP is a proof of useful inference (PoUI) blockchain and native currency aimed at the agent economy, where AI agents can use FLOP to pay miners for inference fees. The network adopts an architecture that combines PoUI with account-based chains, where agents submit session requests to the memory pool containing model weight hashes, maximum latency, computational load, confidentiality flags, and fees. Miners complete the inference and return proofs, which validators incorporate into blocks to complete settlements.The initial supply of FLOP is approximately 2.48346 billion tokens, all allocated for airdrops, with no VC pre-mining or auctions. The first phase of reward distribution allocates 75% to miners, 10% to validators, 10% to agents, and 5% to regular stakers. The average block time for the network is 1 second, with a roadmap goal of sub-second block times. The initial block reward is 96 FLOP, halving every 730 days, for a total of five halvings, after which it will permanently remain at 3 FLOP.The maximum number of validators is capped at 1,000, with approximately 50 rotating monthly based on verified workload and online rates. Miners and validators must stake FLOP, and malicious behavior may face penalties of up to full forfeiture and bans. Governance is conducted through FLOP improvement proposals, requiring a two-thirds approval from active validators in most cases.

first_img The United States' crackdown on Iranian oil tankers has driven up oil prices, while Bitcoin has fallen nearly 1% to $79,700

Bitcoin price fell nearly 1% to around $79,700, as escalating conflicts between the United States and Iran pushed oil prices higher. The U.S. Central Command confirmed on Saturday that it struck three Iranian oil tankers located near Halk Island, Jask, and the Gulf of Oman. Admiral Brad Cooper stated that if Iran attacks U.S. vessels, the U.S. will impose a higher economic cost.The U.S. Central Command updated maritime blockade data, stating that since resuming operations on July 14, it has redirected 92 merchant ships, disabled 3, and boarded 2 for inspection. Oil prices rose by 1% in both the U.S. and European markets, with WTI at $92.72, marking a cumulative increase of over 6% in the past seven days. The rise in oil prices could exacerbate global inflation, making it more difficult for central banks, including the Federal Reserve, to cut interest rates.Additionally, the U.S. employment data for August released last Friday was stronger than expected, reinforcing expectations for an interest rate hike by the Federal Reserve. However, Trump immediately posted on Truth Social calling for a rate cut, stating that a strong nation means lower interest rates. This uncertainty may dampen risk appetite for Bitcoin and the broader market. Furthermore, late Sunday night, the Liquid Network, used by exchanges as a settlement layer, suffered a $320 million attack.
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