Wire Network has announced the open-source release of its Universal Transaction Layer (UTL), marking the launch of the first blockchain tailored for the AI agent economy.
As we approach an AI-powered economic transformation, Wire Network presents what it calls the first genuine third-generation blockchain, evolving from Bitcoin (the original) to Ethereum (the second). While Bitcoin represents digital currency and Ethereum supports smart contracts, both have had limitations in scalability and cost. Wire Network’s UTL fulfills the inherent potential of blockchain technology, crafted specifically for the upcoming AI agent economy.
“AI agents must be capable of executing millions of transactions per second across various blockchains,” stated Ken DiCross, Founder and CEO of Wire Network. “While AI is prepared, existing blockchain systems are not. That’s the purpose behind Wire Network’s creation.”
Wire Network’s UTL features:
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Zero gas fees – because who wants to pay a dollar to transfer a dime?
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Compatibility across all chains – eliminating siloed blockchains.
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Instant Transactions – experiencing speed-of-thought performance.
“We’re establishing the financial infrastructure for the AI agent economy,” DiCross clarifies. “It’s akin to giving AI a global passport along with a universal currency.” Unlike conventional systems that rely on intricate bridges or oracles to navigate blockchain networks, Wire Network facilitates transactions for AI agents across major blockchains without gas fees and at high speeds.
The UTL empowers AI agents to operate across blockchain ecosystems, unlocking exciting opportunities for decentralized AI applications.
The market is already responding positively, with all Tier 1 nodes of Wire Network, which underpin the blockchain, being acquired by investors who appreciate the significance of this innovation. This signals not just interest, but confidence in our direction.
Wire Network’s Universal Transaction Layer aims to be the vital backbone for the future financial landscape. By making the UTL open-source, Wire Network encourages developers, researchers, and industry participants to engage and contribute to its progression.
“We are thrilled to declare that the Wire Network protocol is now open-sourced, and we warmly invite engineers around the globe to join us in building the blockchain dedicated to the AI agent economy,” expressed DiCross.
This isn’t merely a new blockchain – it’s the economic cornerstone of the AI age. Wire Network: Your gateway to the forefront of the Agent Economy. Zero gas fees, all chains connected, instant transactions.
For more details and to participate in the testnet, please visit https://github.com/Wire-Network/documentation.
About Wire Network:
Wire Network stands as a pioneering blockchain technology that incorporates an Appointed Proof-of-Stake (APoS) consensus model along with a tiered node architecture to provide a resilient and effective infrastructure for decentralized applications and AI agents. The platform’s Universal Polymorphic Address Protocol (UPAP) and Wire Name Service (WNS) facilitate effortless cross-chain transactions and universal compatibility across contemporary blockchains.
Learn more at wire.network.
Company contact: [email protected]
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