Fetch (FET) Review, Price, Market Cap and more | Coinopsy

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Fetch (FET) - Driving AI

Fetch.AI is a decentralised digital world in which useful economic activity takes place.
Fetch's current price is $0.053 USD. In the past 24 hours, Fetch's price has increased by +0.3 percents..
Name (Ticker)
Fetch (FET)
Price (USD)
$0.0529642903284
Rank
47
Active Supply
654.2 million
Total Supply
1.2 billion
Max Supply
1.2 billion
Volume(24H)
16.9 million
Market cap
34.7 million
Fun Name
Driving AI
Social Links
Block Explorer

Fetch (FET) Chart

Fetch (FET) Review

Fetch.AI is a decentralised digital world in which useful economic activity takes place...

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Fetch (FET) Consensus

Fetch.AI uses a combination of Proof-of-Stake ("PoS") coupled with a protocol to perform work to deliver consensus. New blocks are minted through the PoS protocol with the transaction order being determined by the work carried out between two blocks. This work is recorded on a directed acyclic graph ("DAG") that grows between the blocks. The DAG is notarized by the blockchain which removes the need for a coordinator. A leader or committee of leaders is elected in each block epoch using a decentralized random beacon that is based on a threshold signature scheme.

Fetch (FET) Domain Spaces

Delivery of data and services in the real world is tightly coupled to location. Travel, meteorological data, insurance, local networking and information that is consumed is regularly related to physical proximity or in which direction it lies. Being able to sort, view, find, explore and consume such data and services according to its distance and location is a valuable concept — proximity improves relevance as well as access. In Fetch.AI, our agents "live" in a decentralised digital virtual world. Whilst this world has all the advantages of being digital, it is organised in multiple ways: geographically, by economic purpose, quality, temporally, semantically, by reputation or by any combination of these to provide agents with the optimal view to get work done. For example, geographic organisation allows agents to be able to search in a particular locality. For opportunistic application of value, this greatly reduces the search scope necessary to find relevant agents. It also allows agents that inhabit hardware or represent human users to trivially filter by relevance and adjust according to, say, the mode of travel being used: the fact that a restaurant is 10 meters away but the user is on a motorway doing 120km/h with the nearest exit being 20km away makes it irrelevant, despite being nearby geographically.

Fetch (FET) THREE LAYER INFRASTRUCTURE

Fetch actively puts value-generating agents in contact with those that require it. The world is dynamically reorganised to remove friction from the process. Trust and reputation information is provided to allow users and agents to transact with the least risk. Our underlying ledger delivers a digital currency and a decentralised transaction system capable of scaling more effectively than alternatives, so that it can support many tens of thousands of transactions per second at virtually no cost. We enable improved utilisation of IoT devices and we bring data marketplaces to life. 

Fetch (FET) Technical Overview

Fetch is a decentralised digital representation of the world in which autonomous software agents perform useful economic work. This means that they can perform tasks, such as delivering data or providing services, and are rewarded with a digital currency for their efforts — the Fetch Token. These agents can be thought of as digital entities: life-forms that are able to make decisions on their own behalf as well as on behalf of their stakeholders (individuals, private enterprises and governments for example). Fetch's digital world is exposed to agents via its Open Economic Framework (OEF) and is underpinned by unique smart ledger technology to deliver high performance, low cost transactions. The ledger delivers useful proof-of-work that builds market intelligence and trust over time — growing the value of the network as it is used. Fetch can be neatly interfaced to existing systems with minimal effort, allowing it to take advantage of the old economy whilst building the new: plug existing data in to Fetch and watch markets spontaneously form from the bottom up. 

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Fetch (FET) Desktop Wallets

Ledger

Before you start

Install the Ethereum app

  1. Open the Manager in Ledger Live.
  2. Connect and unlock your Ledger device.
  3. If asked, allow the manager on your device.
  4. Find Ethereum in the app catalog.
  5. Click the Install button of the app.
    • An installation window appears.
    • Your device will display Processing...
    • The app installation is confirmed.

Next steps

  • Check the MyEtherWallet user guide for setup instructions.
  • Reach out to MyEtherWallet via email for support.
  • Activate contract data in the settings of the app if you want to send ERC-20 tokens, else invalid status 6a80 is returned.

Setup guide video: here

Trezor

As for Trezor, installing is really simple. To properly install it users should attach the unit to the computer. After that continue with installing the  bridge which allows the Trezor to join with the computer. The first step is to connect the Trezor to device’s USB slot with the cable given in the box.  After that, go to myTrezor.com and proceed with installing the browser extension. Trezor can also be used on Android or an iPhone, or on a Windows or Mac computer. Now, initiate the extension and myTrezor will direct you to pick a PIN. After this, you will notice nine buttons but the numbers are hidden. After this, users should check the Trezor’s screen to recognize which numbers are in which place because it switches every time. Now set the PIN. Shortly after, Trezor should present a 24-word wallet “seed”. In short, one word at a time. Note down this seed and save it carefully. If your Trezor device malfunctions or is lost, you can utilize the seed to reconstruct the complete wallet. 

Setup guide video: here

Fetch (FET) Desktop Wallets

Exodus

First, we have Exodus, which supports a ton of other cryptocurrencies along with FET and is pretty straightforward and easy to use. Just download the app from the official site(exodus.io) and get straight into creating your wallet.  Exodus stores your Private Keys on the machine you choose and not on any server, providing you with a relative peace of mind when it comes to the security of your coins. 

Atomic Wallet

Another option is Atomic Wallet.

Atomic Wallet is a desktop wallet built with security, anonymity and decentralization in mind. Atomic Wallet was designed to leverage the potential of atomic swaps and become part of a fully-fledged decentralized cryptocurrency ecosystem.  The “physical” wallet itself is a PC application that can be downloaded onto your computer. Your private keys and other data will then be stored on your PC in an encrypted form. This means you hold your own keys, which are encrypted and kept only on your own device, control your own funds and can efficiently swap tokens without needing to go through a centralized exchange.

This application then interacts with the blockchains of supported coins. For example, if you check your transaction history in the program, it looks it up on the blockchain and then shows it to you, rather than storing this potentially sensitive information somewhere.

Fetch (FET) Online Wallets

Surprisingly, the FET token is based on the ERC-20 standard, which means it can be housed in any ERC-20 supporting wallets.

MyEtherWallet

 For an online-based wallet, we recommend MyEtherWallet. The wallet offers a brilliant combination of speed, trustworthiness and simplicity, making it the most popular online wallet for ether and any ERC20-based tokens.

Simply visit myetherwallet.com and set up your wallet with a method of your choosing, just make sure to store your private key somewhere safe. It's wise to have it written down on paper in case your PC/notebook malfunctions.

The only downside to using an online wallet like MEW is that there are literally hundreds of phishing scams out there to get your eth, so you better double check the address everytime and make sure to watch out for any malicious activity on your browser or PC.

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