Camelot: AI's DePIN Project
$BTC ➯ Hi there! A brief study report on the Camelot Layer 3 protocol project, which is based on Merlin!
1. Project highlights:
With an emphasis on DePIN (decentralized artificial intelligence training) for AI, Camelot seeks to develop a scalable Layer 3 platform on the #Merlin chain.
- Merlin endorsement: MerlinSwap made headlines when it concluded its IDO and raised more than $500 million in bitcoin.
- DePIN track:
Encourage users to share private resources and create a distinctive physical infrastructure network by utilizing blockchain technology. Unlike the conventional Internet, this network integrates digital and physical resources.
In other words, anyone can use blockchain to benefit from sharing their own devices or resources.
- Resolving AI issues:
The importance of AI has surpassed that of the Industrial Revolution. In the midst of the anti-globalization movement, computer power has become a limited or exclusive resource. In the present AI industry, the majority of computing power and proprietary data sets are controlled by large technology giants, resulting in a highly concentrated market.
This power structure limits the democratization of AI by erecting enormous entry barriers and data silos for newcomers. In addition to being susceptible to single points of failure and offering users little visibility and control over their data and training process, traditional cloud-based AI training platforms also face difficulties with data privacy and control.
2. Working method:
By sharing GPU computing resources, regular users can contribute to AI computing and earn token $CLOT rewards through the public chain's POC consensus mechanism.
Customers can buy processing power to create an economic cycle if they need to train AI models.
#camelot #DePIN+AI