FLOP Network Unveils AI-Powered Proof of Useful Inference Consensus Mechanism

Arthur Hayes, co-founder of BitMEX, has unveiled the tokenomics for FLOP Network, an AI-powered blockchain that uses Proof of Useful Inference (PoUI). This consensus mechanism replaces traditional cryptographic calculations with direct resolution of computational requests for artificial intelligence models.

The network's genesis supply was set at 2,483,460,000 FLOP tokens, fully allocated through airdrops without any presales or venture capital. The block reward starts at 96 FLOP tokens, distributed as 75% to miners, 10% to validators, 10% to agents, and 5% to staking participants.

The emission schedule includes periodic reductions every 730 days of on-chain activity, with a permanent subsidy of 3 FLOP per block after five halving cycles. Miners and validators must deposit a mandatory bond in FLOP tokens to participate in the protocol, which is subject to slashing rules if nodes submit erroneous computations or invalid blocks.

The AI model weights reside on an external data availability layer, decoupling operational storage from the consensus ledger. Validators only commit cryptographic fingerprints corresponding to verified sessions onto the main chain.