Guide to Decentralized Artificial Intelligence: Insights into OpenLedger (OPEN)
OpenLedger, a cutting-edge AI data marketplace, has officially launched, marking a significant step towards a new era of transparent data for AI advancement. This layer 1 data blockchain, designed exclusively for artificial intelligence (AI), is set to revolutionise the way data is gathered, refined, and monetised.
At the heart of OpenLedger lies a decentralised AI system that utilises Datanets for data collection and refinement. This innovative approach ensures a diverse and less biased data pool, promoting fairness and accuracy in AI model development.
OpenLedger's three distinct layers – the Payable AI Models, Datanet Layer, and Agent Layer – work in harmony to create a seamless ecosystem. The Payable AI Models enable the conversion of specialized AI models into systems that can measure value and distribute rewards to contributors. The Datanet Layer offers high-quality resources for training and optimising AI data models, while the Agent Layer deploys and runs AI agents using these specialized models.
Users can contribute datasets to the platform for verification and potential reward. By doing so, they not only help enrich the platform's data reserves but also gain control and monetisation over their data. This empowering feature sets OpenLedger apart, as it puts users at the centre of the data economy.
OpenLedger's advanced system is underpinned by blockchain technology, ensuring transparency and fairness in data contributions and reward distribution. The Proof of Attribution (PoA) mechanism, a key component of OpenLedger, leverages this technology to track and reward data providers and model developers transparently.
The OPEN Token, the native cryptocurrency of the OpenLedger AI blockchain platform, serves as the economic backbone of the system. It is used for paying gas and transaction fees, model training and development costs, and for governance participation. Users can participate in the platform's governance using the onchain system and OPEN tokens, further democratising the AI data marketplace.
Binance, a leading cryptocurrency exchange, has recognised the potential of OpenLedger, announcing the listing of OpenLedger (OPEN) as its 36th project on its HODLer Airdrops page. This endorsement underscores the growing interest and confidence in OpenLedger's innovative approach to AI data marketplaces.
OpenLedger offers high-quality, verifiable data for building accurate and reliable AI models. In addition, the platform provides tools for users to develop, train, and fine-tune AI models. With its dynamic reward system, including network earnings, referral earnings, bonus earnings, and a tier system for progression, OpenLedger aims to incentivise and reward its users for their contributions.
OpenLedger is accessible through the website or an Android app, requiring a Google account for sign-up and running nodes. As users join and contribute to the platform, they become part of a community dedicated to creating a sovereign data blockchain for AI integration, paving the way for a future where data is transparent, fair, and empowering.
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