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: 54.53%(-0.04%/24h)
ETH Dominance: 15.34%(+0.00%/24h)
Defi Market Cap: $89.22B(+12.44%/24h)
Total Market Cap: $2422.65B(-0.22%/24h)
Total Trading Volume 24h: $60.57B(+27.48%/24h)
ETH Market Cap: $371.98B
Defi to ETH Ratio: 23.98%
Defi Dominance: 3.5%
Altcoin Market Cap: $1101.64B
Altcoin Volume 24h: $38.03B
Total Cryptocurrencies: 29771
Active Cryptocurrencies: 9969
Active Market Pairs: 82543
Active Exchanges: 769
Total Exchanges: 8560
BTC: 67066.21$(-0.24%/1H)
ETH: 3094.08$(-0.4%/1H)
AVAX: 36.07$(-0.13%/1H)
BNB: 573.02$(-0.25%/1H)
MATIC: 0.69$(-0.26%/1H)
FTM: 0.88$(-0.49%/1H)
ADA: 0.47$(-0.27%/1H)
DOT: 7.01$(-0.67%/1H)
UNI: 7.71$(-0.95%/1H)
CAKE: 2.59$(-0.38%/1H)
SUSHI: 1.06$(-0.51%/1H)
ONE: 0.02$(-0.56%/1H)