"Arthur Hayes' New Article Explains the Flop Network's Computing Power Spot and Derivatives Architecture" (Author: Arthur Hayes, Translator: Shenchao) addresses the exponential explosion in computing power demand in the age of artificial intelligence and the pain points of the traditional cloud computing power market's fragmentation, black-box nature, and lack of a unified spot benchmark. Hayes proposes using physical floating-point operations per second (FLOPS) as an anchor point, establishing a globally standardized computing power spot exchange rate through a decentralized inference verification network. Based on this, a standardized, deliverable computing power forward contract (FCU) and cash-settled differential quantitative futures and perpetual contracts are constructed. Read the full article: https://www.(wublock123.com)/articles/article-59811