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Oraichain (ORAI) Market Value & News

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What is Oraichain (ORAI)?

Oraichain (ORAI) is a blockchain-based Artificial Intelligence (AI) platform that enables decentralized AI models and services to be developed, trained, and deployed on-chain. The platform aims to bring the power of AI to decentralized applications and enable AI models to interact with smart contracts.

History and Founders

Oraichain was founded in 2018 by a team of AI and blockchain experts, including Dr. Chung Dao, who is the CEO of Oraichain. The team was inspired by the idea of bringing AI and blockchain together to create a more secure and decentralized AI platform.

Technology

Oraichain uses a unique combination of AI and blockchain technologies to enable decentralized AI models and services. The platform uses a Proof of Authority (PoA) consensus mechanism to verify transactions and validate blocks. The PoA consensus mechanism is faster and more energy-efficient than other consensus mechanisms, such as Proof of Work (PoW) and Proof of Stake (PoS).

Oraichain’s AI models are developed using popular machine learning libraries, such as TensorFlow and PyTorch, and are deployed on-chain using smart contracts. This allows developers to create AI models that can interact with decentralized applications and execute specific tasks.

The platform also provides a decentralized marketplace where developers can sell their AI models and services. The marketplace is designed to be open and transparent, and it allows buyers to review and verify the quality of the AI models and services before purchasing them.

Market Value

As of April 2023, Oraichain has a market capitalization of over $500 million and a circulating supply of 25 million tokens. The ORAI token is used to pay for services on the Oraichain platform, including AI model development, training, and deployment.

Pros and Cons

One of the main advantages of Oraichain is its ability to enable decentralized AI models and services, which can increase the security and transparency of AI applications. The platform also has a user-friendly interface and provides a decentralized marketplace for developers to sell their AI models and services.

However, Oraichain’s PoA consensus mechanism is less secure than other consensus mechanisms, such as PoW and PoS. The platform also faces competition from other blockchain-based AI platforms, such as SingularityNET and Ocean Protocol.

In conclusion

Oraichain is a promising blockchain-based AI platform that aims to bring the power of AI to decentralized applications. With its unique combination of AI and blockchain technologies, Oraichain has the potential to transform the AI industry and enable more secure and transparent AI applications.

How To Buy Oraichain (ORAI)

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About Oraichain (ORAI)

Contract

0x4c11249814f11b9346808179cf06e71ac328c1b5
Websitehttps://orai.io/
ExplorersEtherscan,ethplorer
CommunityTwitter facebook
API iddoraichain-token

1 Oraichain (ORAI) USDC (1 ORAI) to USD//Coin) Exchange Calculator

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