YeagerAI, the platform responsible for developing the Blockchain GenLayer, has recently announced an exclusive project called Intelligent Oracle. As per YeagerAI, Intelligent Oracle, a cutting-edge oracle to deliver decentralized on-chain data, aims to support advanced dApps.
YeagerAI’s New GenLayer-Driven Intelligent Oracle Supports Dapps with Real-Time Data
The platform pointed out that dApps can leverage Intelligent Oracle for decentralized on-chain data that uses artificial intelligence. Intelligent Oracle reportedly utilizes Large Language Models that are integrated straight into the Optimistic Democracy consensus of GenLayer. It lets the network process non-deterministic transfers by taking internet-based data. On the creation of a query, a lead validator develops a proposed result. However, the rest of the validators autonomously validate this output in line with the pre-set equivalence criteria. Optimistic Democracy guarantees the security, reliability, and accuracy of all the decisions.
Blockchain dApps require real-world data nonetheless are presently restricted to what is present on-chain. Emerging and established use cases need precise, instant, and occasionally subjective data coming from the internet. Up till now, the solution includes the utilization of conventional oracles. They just offer pre-defined datasets otherwise need manual intervention. This makes them sluggish, inflexible, and costly. The Intelligent Oracle delivers an autonomous solution, delivering a virtually infinite array of data forms to the dApps developers.
The Intelligent Oracle operates as the earliest product that is based on Intelligent Contracts running on the blockchain of GenLayer. It works matchlessly within GenLayer, offering access to transparent and decentralized data. Simultaneously, it also supports cross-chain compatibility. Initial collaborators who strongly believe in developing with the technology take into account Provably, Delphi Bets, PredX, Etherisc, and Radix DLT.
The Project Delivers Rapid and Cost-Efficient Data Resolution Compared to Conventional Oracles
With the release of the Intelligent Oracle, YeagerAI targets to facilitate the dApps catering to financial derivatives, insurance, and prediction markets. The project reportedly enables rapid and cost-efficient data resolution. The conventional oracles can require days for the resolution of prediction markets, resulting in substantial costs and delays. Contrarily, the Intelligent Oracle gets the transaction finality within one hour, costing less than $1 for each market. With cross-chain compatibility, Intelligent Oracle enables seamless integration with several blockchain ecosystems.