Machine Economies are economic systems where autonomous agents, typically AI-driven machines, function as economic actors. They engage in transactions, resource allocation, and value exchange without direct human intervention.
Mechanism
Within crypto, machine economies manifest as autonomous agents (e.g., smart contracts, AI trading bots, IoT devices) that possess digital assets, execute trades, provide services, and pay for resources using cryptocurrencies. These operations are governed by predefined algorithms and economic incentives.
Methodology
Architectural design involves creating secure, verifiable execution environments for autonomous agents, leveraging blockchain for transparent transaction records and smart contracts for programmatic agreements. Decentralized identity and reputation systems are essential for establishing trust and coordinating machine-to-machine interactions.
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