Raven Protocol raven
-7.34 % $ 0.00097801
$0.00088681 24H Range $0.0011828
Market Data
Price $ 0.00097801
Volume $ 14,996.06
Volume / Market Cap 0.0035
Supply
Circulating Supply 4,436,646,536.73
Total Supply 10,000,000,000.00
Valuation
Market Cap $ 4,339,090.00
Raven Protocol (raven) Price Chart
Raven Protocol (raven) Price Info
Timeframe Price Change(%)
1h 2.30%
24h -7.34%
7d 28.43%
14d 54.03%
30d 190.25%
1y 44.03%
Raven Protocol's specific use case is to perform AI training where speed is the key. We're taking a 1M image dataset that takes 2-3 weeks to train on AWS down to 2-3 hours on Raven. AI companies will be able to train models better and faster. Raven Protocol is creating a self-sustaining and dynamic ecosystem for: Customers who want to train their AI engines; and/or Contributors who would like to share their compute resources in the form of Computers, Smartphones, or even a server rack. Raven Tokens (RAVEN) will work as the common ground to facilitate a secure transaction that will take place inside our ecosystem. Enterprise clients who want to rent compute power will do so with RAVEN and contributors of the compute power will be rewarded in RAVEN. Raven is creating a network of compute nodes that utilize idle compute power for the purposes of AI training where speed is the key. A native token is the key to bootstrapping a nascent network. We want to incentivize and reward people all over the world to contribute their compute power to our network. Additionally, we will reward token holders for running masternodes which will be responsible for orchestrating the training of various deep neural networks. Our consensus mechanism is something we call Proof-of-Calculation. Proof-of-Calculation will be the primary guideline for the regulation and distribution of incentives to the compute nodes in the network. Following are the two prime deciders for the incentive distribution: Speed: Depending upon how fast a node can perform gradient calculations (in a neural network) and return it back to the Gradient Collector. Redundancy: The 3 fastest redundant calculation will only qualify for receiving the incentive. This will make sure that the gradients that are getting returned are genuine and of the highest quality.
News about Raven Protocol
Little-Known Altcoin Ravencoin ($RVN) Surges on New Binance Announcement
cryptoglobe.com • 2 ay önce
Ravencoin spikes 20% following Binance Pool announcement
cryptoslate.com • 2 ay önce
PoW Tokens Take A Hit: Ravencoin and Ethereum Classic Crash Over 20%
newsbtc.com • 4 ay önce
Terra, Celsius, Ravencoin, Kyber Network and Compound – Biggest Weekly Gainers
beincrypto.com • 4 ay önce
Ergo (ERG) and Ravencoin (RVN) Hashrates Soar as Ethereum Miners Jump Ship
beincrypto.com • 4 ay önce
Ravencoin hash rate explodes by 500% as ‘crypto farmers’ flock to mine RVN instead ETH
finbold.com • 4 ay önce
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