Gensyn Protocol is a protocol that supports artificial intelligence by bringing together all the computing hardware with machine learning capabilities in the world. So, what is Gensyn Protocol? Let's explore it together in the following article.
What is the Gensyn Protocol?
Gensyn Protocol is a decentralized computing protocol designed to provide scalable and secure computing solutions for artificial intelligence (AI) applications. The protocol uses a decentralized computer network to perform computing tasks and uses blockchain technology to ensure the security and transparency of computing results.
Gensyn's goal is to bring together all the world's computing hardware with machine learning capabilities, including GPUs and CPUs, so that developers can build larger data centers and create more powerful AI systems.
Gensyn connects buyers and sellers of computing power through a marketplace. It allows developers to build artificial intelligence systems with hardware and pay on demand. The system uses cryptographic verification methods to ensure that users have confidence that the machine learning tasks sent through the protocol are completed correctly.
Gensyn will become the base layer for machine learning computing, similar to the current Layer 1 blockchain. Gensyn allows users to freely experiment with machine learning in many specific scenarios without having to know too much about it, by using solutions similar to existing Web2 solutions such as SageMaker and Amazon's DataRobot.
-Highlights of the Gensyn Protocol
- Scalability: The Gensyn protocol utilizes a large number of decentralized computers to perform computing tasks, creating a scalable computing network that can handle the calculation of a large number of tasks.
- Security: The Gensyn protocol can improve the security of AI applications by ensuring the security and transparency of computational results using blockchain technology. This prevents unauthorized access and data modification.
-Decentralization: The Gensyn protocol is a decentralized protocol, meaning it is not controlled by any individual or organization. This makes the protocol less susceptible to control and manipulation.
- Efficiency: The Gensyn protocol allows developers to split large computing tasks into smaller tasks and execute them simultaneously by multiple computers. This can shorten training time and reduce computing costs.
Availability: The Gensyn protocol also allows developers to distribute computing tasks across a decentralized network of computers. This can make AI applications more invulnerable to outages caused by server or network problems.
Development Roadmap
The development of the Gensyn protocol will be divided into three phases: testnet, canarynet, and mainnet.
(Testnet)
In the initial stage, development will focus on implementing core technology testing. The tokens used in the test network will be undefined, and users who join the test network will become early and important members of the community and will be rewarded at TGE.
（Canarynet）
After successfully completing the network testing phase, the Gensyn protocol will be deployed on the Kusama platform as a parachain called Canary. At the same time, the protocol will issue tokens for the Canary parachain. Canary can be considered a beta version of the protocol, which is experimental in nature and gives access to the latest features, but also comes with some risks associated with using it.
（Mainnet）
At this stage, Gensyn will deploy the parachain directly on the Polkadot blockchain and issue the protocol's official token. All organizations and individuals will have full access to the Gensyn protocol's mainnet. Before being officially deployed to the mainnet, features and changes will be tested on test networks and canary networks.
investor
On June 12, 2023, Gensyn Protocol announced that it had completed a $43 million Series A round of financing, led by the well-known investment company a16z. The financing also included the participation of CoinFund, Canonical Crypto, Protocol Labs, Eden Block, and multiple angel investors. However, the valuation of the transaction has not been disclosed. Previously, Gensyn successfully completed a $6.5 million seed round led by Eden Block in March 2022, and raised $1.1 million in January 2021.
Summarize
Gensyn Protocol is an emerging protocol, but it has already received a lot of attention from AI developers. The protocol has the potential to revolutionize the way AI applications are deployed and used. Through this article, I hope readers will learn more about the Gensyn Protocol project to help them in their research and investment process. I wish you good luck!
