Ethereum Layer 2 Network Starknet to Utilize Gize Protocol Technology in the Deployment of Learning Models and Open AI Economy

04/19/2023 09:46 • AI & Tech Insights • 58 views

According to reports, the Ethereum Layer 2 network Starknet announced on social media that it has decided to use license free Gize protocol technology during the latest community conference call to deploy learning models, execute verifiable reasoning, and implement an open AI economy. According to the latest data from Dune Analytics, the current Starknet on chain bridging users have reached 356900, with an on chain bridging TVL of 46991 ETH, which is approximately $93.308 million based on current prices.

Starknet: Will deploy an on chain machine learning model using the Giza protocol

The Ethereum Layer 2 network Starknet has announced on social media that it will be utilizing license-free Gize protocol technology to deploy learning models, execute verifiable reasoning, and implement an open AI economy. The decision was made during the latest community conference call. This move significantly expands Starknet’s capabilities, as it can now process large amounts of data swiftly, securely, and cost-effectively.

What is the Gize Protocol Technology?

The Gize Protocol Technology is a blockchain-based solution that facilitates the storage and processing of massive amounts of data through a decentralized network. It uses a unique infrastructure that enables AI models to be deployed and executed securely, verifiably, and with minimal latency. The technology is fully open-source, and users can access it for free, making it an attractive choice for companies and organizations looking to build their AI-based applications.

How Does Gize Protocol Technology Work With Starknet?

With the integration of Gize protocol technology, Starknet can take advantage of its advanced features to perform complex computations on the blockchain. This includes processing intensive algorithms, executing machine learning models, and deploying AI applications.
Starknet can use Gize to tokenize data, which allows it to be stored, processed, and shared on the blockchain-based network. The protocol enables the personalization of AI models and the development of tailored algorithms, enabling it to find and identify meaningful patterns in large volumes of data.

The Current State of Starknet

According to the latest data from Dune Analytics, the number of users currently using the Starknet on-chain bridging has reached 356,900, with an on-chain bridging TVL of 46,991 ETH, which is approximately $93.308 million based on current prices. This presents an excellent opportunity for Starknet to expand its reach even further with the integration of the Gize protocol technology into its network.

The Benefits of Utilizing Gize Protocol Technology

The Gize protocol technology offers several benefits, including increased data privacy, security, scalability, and transparency. With its AI capabilities, Starknet can develop and deploy custom AI models that can process massive volumes of data in real-time and at a low-cost. Its decentralization ensures that the data is not subject to control by any centralized authority, giving it a higher level of immutability and transparency.

Conclusion

Starknet’s decision to integrate Gize protocol technology into its network is an exciting development that expands its capabilities and further cements its position as a leading Ethereum Layer 2 network. With Gize’s advanced features, Starknet can process large amounts of data quickly, securely, and cost-effectively, opening up a world of possibilities for AI-based applications on the network.

FAQs

#1. What is the Gize protocol Technology?

The Gize protocol technology is a blockchain-based solution that facilitates the storage and processing of massive amounts of data through a decentralized network.

#2. What are the benefits of using Gize protocol Technology?

The benefits of utilizing Gize protocol technology include increased data privacy, security, scalability, and transparency.

#3. What are the current statistics of Starknet?

According to the latest data from Dune Analytics, Starknet has 356,900 on-chain bridging users and an on-chain bridging TVL of 46,991 ETH, which is approximately $93.308 million based on current prices.

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