FLOP Network Unveils PoUI Consensus Model, Genesis Token Allocation

Arthur Hayes has unveiled the technical specifications of his FLOP Network project, which is designed to let autonomous AI agents pay miners directly for inference work. The genesis supply of approximately 2.48 billion FLOP tokens will be allocated through airdrops.

The protocol uses an account-based blockchain with a consensus model called proof of useful inference (PoUI), where miners earn rewards by carrying out AI inference requests instead of performing computational work solely to secure the chain.

FLOP, short for floating-point operations, serves as the native currency of the network. Miners receive 75% of block rewards, validators take 10%, agents receive another 10%, and ordinary stakers are assigned the remaining 5%. The FLOP supply will be reduced through a fixed halving schedule.

The network is designed to have an average block time of one second with deterministic sub-second finality. Hayes previously proposed allocating roughly 20% of the FLOP supply to testnet participants over a 10-year period and said the network would be funded without a token presale.