What is Oraichain?
Oraichain (ORAI) is an innovative data oracle platform that bridges the gap between artificial intelligence (AI), machine learning, and blockchain technology. By integrating AI functionalities into regular applications and smart contracts, Oraichain enhances the capability of these systems to operate in a more advanced manner.
Core Features of Oraichain
One of the primary features of Oraichain is its use of AI APIs, which allows the platform to provide reliable and verifiable proofs of AI execution and quality on the blockchain. This is a significant advancement compared to traditional oracles that depend heavily on off-chain computation and manual verification processes.
On-Chain Security and Verification
Oraichain secures the operation of AI models directly on-chain, which is a cornerstone of its functionality. By implementing a unique test case logic, Oraichain reliably verifies the quality of AI outputs, ensuring that the data being processed and utilized in smart contracts is both accurate and trustworthy.
Developer Opportunities
Developers are empowered to create their own AI APIs and deploy them seamlessly on the Oraichain network. Its full compatibility with the Ethereum Virtual Machine (EVM) enables developers to migrate their Ethereum-based projects to Oraichain, benefitting from the advanced features of this platform.
Native Token: ORAI
The native token of the Oraichain network is ORAI, which serves multiple purposes. It acts as the medium of exchange for various services on the platform, is used for governance of the network, and plays a key role in staking mechanisms that help secure the blockchain.
Vision for the Future
As the world’s first AI-powered oracle and blockchain ecosystem, Oraichain aims to establish itself as an advanced AI Layer 1 solution designed specifically for the Data Economy and Oracle Services. The platform seeks to be the foundational layer for a new generation of smart contracts and decentralised applications (dApps), fostering a fully integrated AI Ecosystem on blockchain technology.
Further Resources
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