Oraicain introduces Mainnet 2.0 to support the creation of AI-supported DAPPs, oraidex launch set follows
Oraicain introduces Mainnet 2.0 to support the creation of AI-supported DAPPs, oraidex launch set follows
This milestone is a large thrust for the Oraichain ecosystem given the promise of the platform in the combination of AI and blockchain technology. In essence, Oraichain tries to revolutionize the Web 3.0 ecosystem by giving smart contract developers the opportunity to create AI-based decentralized applications (DAPPS).
Since the Mainset 2.0 is now ready for operation, Oraicain is optimistic to scale its footprint in Web 3.0 environments such as Defi and the meta-severse. This new upgrade uses the Cosmos SDK-Relaying protocols, communication between blocks and bridges to introduce a higher level of interoperability between Oraichain and other blockchain ecosystems.
In addition, the adapted layer 2-rollups will separate the main network of Oraichain from its subnettes and ultimately scale the performance of the platform. Some of the subnets operated on the Layer 2-Rollup include VRF service and Oracle networks. As a result, Oraichain can increase its capacity and at the same time maintain core logic and safety functions.
Smart-Contract developer on Oraichain also have access to the ACI functionalities of the platform and other functions such as SDK-Building tools and the royalty protocol. In particular, this ecosystem uses the mechanisms Proof of Execution and Proof of correctness to enable the integration of AI-supported calculations into smart contracts.
The team from Oraichain commented on progress and found that the upgrade would create the prerequisites for the development of AI-based dapps in Layer-1 ecosystems.
With the maturity of the required infrastructure, Oraichain becomes a complete cascading AI network that extends to a seamless multicia room. This comprehensive revision will strengthen our core offers and further define our ecosystem of AI, Defi and Oracles and at the same time accelerate the urgently needed development of AI-based smart contracts and dapps.
According to the forecasts, the Mainset 2.0 from Oraichain will compete with Ethereum, since it supports up to 10,000 transactions per second (TPS) with a transaction validity of two seconds. This level of efficiency will further enable the platform to enable over 100 Oracle services and a faster synchronization time for new validators and executors in the Mainnet. After the debut of Mainnet 2.0, Oraichain will also bring oraidex to the market. This Cosmwasm Smart Contract-based DEX will enable users to exchange native oraicain tokens, including Orai and other OW20 tokens, and at the same time access the lucrative Yield Farming incentives of the network. oraidex will also have a token-bridging function that enables defi users to transmit native tokens and data from other blockchains such as Ethereum and Bony Smart Chain (BSC). A similar bridge was also built for NFT assets. Last but not least, Oraidex IBC integration will enable trustworthy communication with atom, luna, VAT, CRO and OSMO. Since Defi will grow exponentially in the coming years, the Oraichain ecosystem and Dex will pave the way for AI-based decentralized markets. An important step in this burgeoning and futuristic market ecosystem. oraideex upcoming market launch
Source: Crypto-news-flash.com
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