Raven Protocol RAVEN

Rank #2652

$ 0.00049329 +6.95%

Raven Protocol Price (RAVEN)

Overview News Converter Social

Raven Protocol to USD Price Chart

Raven Protocol Statistics

Market Rank	#2652
Market Cap	$ 2.2M
Volume 24h	$ 2.3K
Circ. Supply	4.4B
Total Supply	10.0B
Max Supply	?

What Is Raven Protocol's Current Price?

Raven Protocol (RAVEN) price has increased to $ 0.00049329. This reflects the current market valuation and volatility.

What Is Raven Protocol (RAVEN)?

Raven Protocol is a unique blockchain project designed to disrupt traditional cloud computing models by bringing a decentralized solution for AI training where speed is a significant factor. It fundamentally reshapes the way AI training data is processed by leveraging idle compute power from various devices including computers, smartphones, and server racks. Their primary focus is on drastically reducing the time taken to train AI models on large datasets from weeks to hours.

Who Are the Founders of Raven Protocol?

The team behind Raven Protocol has not yet been specified in the provided information. However, it is evident that those involved are focused on enhancing the AI sector by creating a faster and more resource-efficient training method. The founders' vision is aligned with the need for more agile and accessible computational power to drive AI advancements.

How Does Raven Protocol Work?

Raven Protocol operates by creating a network of compute nodes that utilize unused computational resources for AI training. To achieve this, the project relies on two key groups within its ecosystem: customers seeking AI training power and contributors providing their spare computing capacity.

The backbone of the protocol is the Proof-of-Calculation consensus mechanism, which incentivizes and rewards contributors based on the speed and reliability of their computational offerings. These contributors are compensated in Raven Tokens (RAVEN) for lending their idle computational power to the network. Furthermore, token holders can operate masternodes to help coordinate the training processes across the network.

What Is Proof-of-Calculation in Raven Protocol?

Proof-of-Calculation is the consensus mechanism that Raven Protocol employs. It is formulated to regulate the network and distribute incentives fairly among the compute nodes. The mechanism prioritizes two factors:

Speed: Nodes are rewarded based on how swiftly they can perform and return gradient calculations within a neural network to the Gradient Collector.
Redundancy: To ensure the authenticity and quality of the computations, the incentive is given to the first three nodes that provide the fastest redundant calculations.

This system ensures that not only is the network efficient, but it also maintains a high level of integrity in its results.

What Makes Raven Protocol Unique?

Raven Protocol stands out by offering a solution that drastically reduces the time required for AI model training, tackling a substantial bottleneck in the AI industry. The ability to bring down AI training time on massive datasets from weeks to mere hours is a game-changer for AI companies who are seeking to improve and accelerate their model development.

Moreover, the Protocol’s approach of utilizing a decentralized network of global compute resources democratizes access to computational power and allows for a more efficient, cost-effective alternative to centralized cloud services like AWS.

How Is Raven Protocol's Network Secured?

While specific details about the network's security measures are not provided, using blockchain technology generally implies a secure and tamper-resistant ledger. For a project like Raven Protocol, which incentivizes computation sharing, robust security protocols are necessary to ensure the integrity of shared data and fair distribution of RAVEN tokens.

How Much RAVEN Is in Circulation?

The precise number of Raven Tokens (RAVEN) in circulation is not specified here, but typically, this information can be found on a cryptocurrency tracking website or the project's official documentation. Circulation supply is an essential metric for potential contributors and customers, as it can affect the token's value and availability.

How Does Raven Protocol Benefit AI Companies?

By slashing the time required for AI training from weeks to hours, Raven Protocol provides AI companies with the agility to train their models more effectively and at an unprecedented pace. This speed enables quicker iteration, faster deployment of AI technologies, and potentially significant cost savings compared to traditional cloud computing platforms.

Where Can You Buy Raven Tokens (RAVEN)?

Raven Tokens (RAVEN) can be purchased on , where they are listed. Remember to review each exchange's policies, fee structures, and security measures before making any purchases.

How Can You Contribute Compute Power to Raven Protocol?

Individuals interested in contributing compute power to the Raven Protocol can do so by connecting their devices to the network. In return for contributing their idle computational resources, they are rewarded in RAVEN tokens. Details on the specific steps for contributing compute power are typically available on the project's official website or through community channels.

Raven Protocol Links