Restake Becomes the Node Operator on Allora Network

Published on: 09.05.2024
Restake Becomes the Node Operator on Allora Network

Restake, a company specializing in institutional blockchain architecture, has joined the Allora Network as a node operator. This collaboration brings together Restake’s expertise in secure infrastructure with Allora’s self-improving decentralized AI network.

Restake’s Contribution to Allora

Restake leverages its experience securing over $200 million in assets to establish a strong foundation for the Allora Network. Their vendor-agnostic node deployment framework utilizes Infrastructure as Code and automation for maximum efficiency. Restake strategically selects hosting solutions and locations to optimize decentralization while maintaining network connectivity.

Allora Network: A Self-Improving AI Ecosystem

Allora Labs, the developers behind Allora Network, have been building AI-powered crypto infrastructure for the past three years. Their AI models have successfully produced high-confidence price predictions for a vast amount of assets.

The Allora Network is a culmination of the team’s prior work in consensus mechanisms and AI infrastructure. It combines the power of artificial intelligence with collective intelligence to create a self-improving decentralized network.

Restake plays a crucial role in this network by operating both a validator and a Reputer. The validator secures the Allora chain, while the Reputer assesses the performance of AI models within the network, reinforcing Allora’s self-improvement mechanism.

Why Restake Chose Allora

Restake is committed to supporting innovative protocols that drive new applications in the web3 space. Allora’s unique features, including collective intelligence, context-awareness, tamper-proof outputs, universal access, and balanced outcomes, resonated with Restake’s vision.

  • Collective Intelligence: Allora’s network continuously learns and improves through collaboration between its models.
  • Context-Awareness: Network participants predict each other’s performance under specific conditions, enabling optimal inferences.
  • Tamper-Proof Outputs: Allora utilizes zkML cryptography to ensure the security and verifiability of AI outputs.
  • Universal Access: Allora provides permissionless access to AI, empowering developers to leverage AI in their creations.
  • Balanced Outcomes: Allora reduces bias through diverse data inputs, leading to fairer AI-driven results.

About Restake

Restake is an institution-backed company with a proven track record in building secure and transparent blockchain infrastructure. Their leadership has experience in successful web2 and web3 ventures.

Website | Twitter

About Allora

Allora is a decentralized AI network that allows applications to access smarter and more secure AI through a network of continuously improving machine learning models. By combining advancements in crowdsourced intelligence, reinforcement learning, and regret minimization, Allora unlocks a new era of applications at the intersection of AI and blockchain technology.

Website | Twitter

Source:
https://medium.com/@restake/restake-joins-the-allora-network-as-a-node-operator-efb3921ce161

Market Stats:
BTC Dominance: 64.66%(+0.25%/24h)
ETH Dominance: 8.98%(-0.08%/24h)
Defi Market Cap: $104.34B(-2.51%/24h)
Total Market Cap: $3267.11B(-1.63%/24h)
Total Trading Volume 24h: $99.98B(-1.05%/24h)
ETH Market Cap: $293.21B
Defi to ETH Ratio: 35.59%
Defi Dominance: 3.08%
Altcoin Market Cap: $1154.62B
Altcoin Volume 24h: $55.93B
Total Cryptocurrencies: 34987
Active Cryptocurrencies: 9519
Active Market Pairs: 104107
Active Exchanges: 830
Total Exchanges: 10586
BTC: 106222.56$(0.19%/1H)
ETH: 2431.92$(0.39%/1H)
AVAX: 17.26$(0.1%/1H)
BNB: 646.18$(0.02%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.55$(-0.17%/1H)
DOT: 3.32$(-0.03%/1H)
UNI: 6.93$(0.5%/1H)
CAKE: 2.25$(0.02%/1H)
SUSHI: 0.58$(0.04%/1H)
ONE: 0.01$(0.12%/1H)