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Agoras is an application on Tau-Chain, focused first on providing a smart currency with predictable, verifiable contracts.
Tau is a decentralized blockchain network designed to address constraints found in large-scale human communication and to speed up productivity in human collaboration through logic-based artificial intelligence.
Agoras is a network that includes a cryptocurrency, to be deployed on Tau, and it supports the following functions:
Self-Definition: Built using Tau technology, Agoras is software that is effectively governed by its many usersKnowledge-Economy: Using Tau’s knowledge representation and collaborative formalization capabilities so knowledge owners and creators can provide it for paid use, while knowledge seekers can find and buy knowledge efficientlyComputational Resources Market: The ability to rent and resell computational resources (CPU, disk, etc.), enabling large-scale computations with cost and computational efficiencyDerivatives Market: Agoras will run a no-middleman peer-to-peer derivatives market, enabling risk-free interest without issuing new coins, based on the idea of zero-delta portfolios.Agoras is intended to be the currency for natural and artificial knowledge within the emerging online society. Agoras is meant to reflect all tradable knowledge and computational resources on the network, while serving as the first monetary market for earning risk-free interest without creating new money. With Agoras’ efficiency, the derivatives market can be priced well to support hedging, price stability, and risk-free interest.
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