Arthur Hayes has published fuller documentation for FLOP Network, a proposed account-based blockchain intended to let AI agents pay miners for inference and have validators settle proofs of completed work. The project remains a draft, last updated Aug. 27, and its specifications describe intended behavior rather than an operating network. Agents would submit requests identifying a model-weight hash, latency limit, compute requirement, confidentiality setting and fee; miners would perform the inference and return a proof whose hash validators would include in a block before payments and rewards are distributed. FLOP would require miners and validators to stake its native token, with slashing for dishonest activity, while non-operating holders could delegate stake for proportional rewards. The proposal targets one-second average blocks and a validator set capped at 1,000, with most governance changes requiring approval from two-thirds of active validators. FLOP’s genesis supply is approximately 2.48346 billion tokens allocated through airdrops, and Flop Labs has targeted an airdrop in the fourth quarter of 2026 and a genesis block in the first quarter of 2027. The project must still demonstrate that inference work can be verified efficiently without exposing confidential prompts or making validation more costly than the underlying computation.