As a seasoned analyst with over two decades of experience in the tech industry, I find YeagerAI’s introduction of the Intelligent Oracle to be an exciting development that could significantly reshape the decentralized applications landscape. My personal journey has led me through the evolution of AI and blockchain, and I have witnessed firsthand how their convergence can bring about transformative change.
As a crypto investor, I’m excited to share that YeagerAI, the innovative team behind GenLayer’s decentralized network, has unveiled the public launch of their cutting-edge Intelligent Oracle. This AI-powered oracle is designed for seamless on-chain data processing within the distributed ecosystem. With its adaptability, it can be easily integrated across various categories of dApps, handling diverse types of data with ease.
YeagerAI introduces multi-purpose Intelligent Oracle
Based on an announcement from their team, YeagerAI, creators of the GenLayer blockchain network focused on AI, has unveiled a cutting-edge Intelligent Data Gatherer. This tool can collect information from multiple locations and naturally organize it for integration within decentralized applications.
In the realm of @Gen_Worlds, artificial intelligence (AI) agents with a non-deterministic nature interact with deterministic objects, forming an environment that supports precise problem-solving to any degree desired, or arbitrary precision.
— YeagerAI (@yeagerai) October 18, 2023
In simpler terms, the Intelligent Oracle operates using advanced Language Model Systems (LMS), which are seamlessly linked with GenLayer’s Optimistic Democracy agreement system. Validators interact directly with these systems, empowering the network to handle transactions that aren’t predictable by accessing data from the web.
In response to a query, a lead verifier creates a potential outcome. Other verifiers then independently check this suggested result against predetermined equivalence standards to ensure its accuracy, reliability, and security. The system known as Optimistic Democracy guarantees that all decisions are precise, dependable, and secure in this manner.
In data-intensive scenarios where the precision of indexed information is crucial, this system effectively caters to YeagerAI’s oracle, ensuring its applicability. It facilitates swift, secure, economical, and highly adaptable interaction with data.
New product expected to launch on GenLayer testnet by the end of 2024
At first, the Oracle begins operation within YeagerAI’s authorized local development environment. Later this year, it is anticipated that a launch on GenLayer’s open test network will take place.
Launching the Smart Predictor is expected to be a groundbreaking moment for apps operating in a decentralized environment, particularly those focusing on areas like prediction markets, insurance, and financial futures. GenLayer’s Smart Predictor offers an efficient and swift means of resolving data issues.
Instead of conventional oracles requiring several days to settle prediction markets, leading to substantial delays and expenses, the Intelligent Oracle completes transaction finality within roughly an hour, with costs amounting to less than one dollar per market.
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2024-11-26 19:04