The MoE hard fork is now live. Update now! This upgrade marks the next phase of the Pearl network. With this hard fork, Pearl transitions to v2 certificates based on Mixture-of-Experts (MoE) workloads, enabling the network to more accurately verify and reward useful AI computation performed by participants. ⚠️ All node operators and ecosystem participants must upgrade to the latest versions to remain on the canonical chain. Soon, new blocks will start using the v2 (MoE) certificates. Nodes that have not upgraded will continue following the previous ruleset and will no longer be compatible with the upgraded network. Please update to the following versions: • pearld node → v1.1.0 • Desktop Wallet → v2.0.0 Wallet download (macOS is now supported):

A common critique on Proof-of-Useful-Work is that the zero marginal cost of mining drives the network’s security budget and price to zero. A paper just released by Rafael Pass, a renowned cryptographer at @Cornell /@TechnionLive and research scientist at Pearl Research Labs proves why this argument is flawed. By analyzing the equilibrium dynamics of PoUW, it shows not only that Pearl’s security budget (and hence price) are at least as high as Bitcoin, but in fact that Pearl will increase the SIZE of the global AI inference market, via Jevons Paradox. @initc3org

Every era has a resource so fundamental it becomes money. Bitcoin turns energy into currency. Trustless, global and censorship-resistant. AI is doing something even more powerful: it turns energy into intelligence. Deployable anywhere and useful for almost everything. But intelligence has no native financial primitive. It isn't fungible. It can't move outside the dollar system. Pearl changes that. Pearl is the first asset natively produced by AI and natively secured by AI. Every GPU cycle producing LLM tokens can simultaneously mint Pearl tokens with marginal extra electricity, zero wasted compute and one unified primitive. 2-for-1. Sitting atop one of the largest capital expenditures in history, Pearl changes the unit economics of AI. This is what sets Pearl’s breakthrough apart. Previous attempts at useful-work blockchains captured a narrow slice of compute. Pearl's addressable market is every matmul computation on earth which, at current trends, will be the majority of all compute. Bitcoin’s security is competing with AI for energy. Pearl's security scales with AI adoption. Proof of work represents humanity's demand for energy, monetized. Pearl represents humanity's demand for intelligence, monetized. Pearl is now live.