Robots are beginning to take over the world – but not in a bad way! From smart thermostats, voice-activated speakers, to self-driving cars and industrial robots for manufacturing, life is becoming much easier with our digital helpers. However, most of these robots rely on centralized systems to keep them running which makes them vulnerable should these systems fail. Fortunately, Robonomics Network is here to provide a solution!

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Building a Secure Network: Enter Robonomics Network

All these smart robots we see today make up the Internet of Things (IoT). IoT refers to the network of physical devices embedded with software that enable them to connect and exchange data with other systems over the internet. In simpler terms, imagine everyday objects like appliances, vehicles, and even wearables being equipped with the ability to collect data and communicate with each other. This data can include anything from temperature readings to location information, opening doors to a wide range of use cases! What they do need, though, is a more effective and decentralized way to communicate. 

Currently, many robots and IoT devices rely on centralized cloud storage solutions. This means their data and information are stored on servers owned and operated by large companies. While these cloud providers offer speed and convenience, they also have potential drawbacks, such as a single point of failure during outages/hacks, vendor lock-ins (being reliant on specific cloud providers and ecosystems), a lack of flexibility, and data privacy issues. 

Robonomics Network offers an alternative to centralized cloud storage for robots and IoT devices. Through blockchain technology, it creates a decentralized network where data is not stored on a single server but distributed across a network of computers. This increases security, gives robot users greater data control, and, through its open-source nature, gives flexibility to developers and robot manufacturers. Its efficient communication infrastructure also allows all the robots to interact and exchange information seamlessly, truly creating a shared ecosystem!

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The XRT Token

The Robonomics Network operates with its own token, XRT. This token plays a crucial role in the network's ecosystem offering different use cases. XRT is used to pay for transaction fees in the network. It is also used to gain access to certain features such as an RWS subscription giving users increased priority in data exchanges. The Robonomics Network also utilizes an incentive system where users can reward robots and users with XRT for completing tasks. XRT is also used for parachain slot renewal in the Polkadot ecosystem. Lastly, it is also used as rewards for relevant stakeholders such as collators who verify transactions and secure the network. The XRT token also has a burning mechanism to control inflation and benefit its long-term value.

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Core Functionalities of Robonomics Network

Robonomics Network offers a range of functionalities. Here's a look at some of their most significant features:

• Digital Twins: Robonomics Network operates using the concept of digital twins. A digital twin is a virtual replica of a physical entity, such as a robot or an IoT device. This digital replica contains all the data and information about the physical counterpart, including its real-time status, operational history, and sensor readings. Connecting these digital twins to the Robonomics Network allows users to monitor and manage their physical devices remotely, analyze performance data, and predict potential maintenance needs. For example, one could monitor the inventory of their smart fridges in real time and see if they would need restocking.
  
  
• Robonomics Web Services (RWS): The functions of the Robonomics Network are supported by Robonomics Web Services, which act as its underlying infrastructure. RWS provides a suite of tools and APIs (application programming interfaces) that developers can leverage to build applications on top of the network. These tools help streamline development and enable easier integration of robots and IoT devices into the Robonomics Network.

RWS provides smart home integration that enables secure interaction with smart devices and robots through transactions on the Robonomics parachain. An RWS subscription can be bought using XRT to prioritize data exchange between one’s smart home devices and the network, making it ideal for users who require reliable and timely updates. One could receive instant notifications from their security cameras or control smart thermostats with minimal delay.

• Secure Communication Channels: Imagine a network of self-driving cars navigating a busy highway. They need to exchange real-time information about traffic conditions, location data, and potential hazards. Robonomics Network provides a secure channel for this crucial communication, ensuring the safety and efficiency of autonomous vehicles. This doesn’t just apply to cars but can be extended to any type of robot or IoT device, from industrial robots collaborating on a factory floor to smart appliances in one’s home-sharing energy consumption data.
  
  
• Fostering Robot Economies: The network allows for the creation of "robot marketplaces" where robots can offer their services and receive payment in the form of cryptocurrency. This opens doors for exciting possibilities, such as a robot dog walker or a robot delivery person earning crypto for completing tasks. The potential applications span various industries, from healthcare and logistics to agriculture and manufacturing.
  
  
• Robot App Store: Similar to how one downloads apps on their smartphone, Robonomics Network envisions a platform for robot-specific programs. Developers can create applications that control robot behavior, provide new functionalities, or allow robots to interact with each other in different ways. For example, a developer could create an app that allows robot mops to clean floors more effectively without bumping furniture. The possibilities are endless!
  
  

The rise of robots through the years is undeniable. With smart technology beginning to dominate everyday life, it becomes much more important to be able to utilize them properly. As the Robonomics network matures and attracts more developers, users, and manufacturers, we can expect a future where robots seamlessly integrate into our lives. Relying less on centralized systems and utilizing blockchain, Robonomics also works toward a more free and accessible IoT. From automating simple tasks to doing complex jobs, robots will be everywhere and anyone can work with them. Check out Robonomics Network to enter a more collaborative digital future!

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