Emergence of a revolutionary future, the Intelligent Oracle from YeagerAI redefines the interaction between blockchain and real-time data. This innovative system enables the collection and verification of accurate information, breaking the chains of dependence on human and traditional resources. Promising unprecedented efficiency, the Intelligent Oracle offers decentralized applications immediate access to unlimited data. Its design on the GenLayer blockchain guarantees security and transparency, transforming the way developers create innovative solutions.
The Intelligent Oracle from YeagerAI
YeagerAI recently launched its new revolutionary product, the Intelligent Oracle, an oracle powered by artificial intelligence. This innovation aims to provide real-time data to decentralized applications (DApps) on the blockchain. Built on the GenLayer blockchain, this new tool allows direct access to online data, thus transforming the collection and use of information for DApps.
A unique architecture on GenLayer
The operation of the Intelligent Oracle relies on an innovative architecture integrated into the GenLayer blockchain, also developed by YeagerAI. This infrastructure is designed to foster a completely new ecosystem of DApps, allowing a variety of data to be retrieved and brought directly onto the chain.
Currently, the Oracle will first be deployed on a private authorized network, while the GenLayer Testnet will be operational by the end of 2024. This approach aims to establish a reliable infrastructure before broader exposure.
Consensus technology and validation
The Intelligent Oracle uses language models (LLMs) that integrate into a consensus mechanism called Optimistic Democracy. This mechanism relies on validators connected to LLMs, ensuring the validation and security of the data collected by the Oracle, whether on-chain or off-chain. Through this system, non-deterministic transactions can be processed automatically by retrieving data available on the Internet.
When a query is made, a primary validator proposes a result. Other validators, operating independently, verify this result according to pre-defined equivalence criteria. This process ensures that all decisions are accurate, reliable, and secure.
Developments in oracles
Despite significant advancements made by blockchain oracles over the years, challenges remain. Among other difficulties, some blockchains cannot access external data, relying only on information available on-chain. This lack of diverse oracles limits the use cases of DApps, especially when they require objective real-time data.
Historically, traditional solutions have relied on standard oracles, often restricted to predefined datasets or requiring manual intervention. This setup made transactions slow, costly, and inflexible. The Intelligent Oracle offers a self-sufficient solution, greatly expanding the range of data types accessible to DApp developers.
Usage prospects of the Intelligent Oracle
Smart contracts operating on the GenLayer blockchain are the foundation of the Intelligent Oracle. It allows users to access decentralized, transparent, and secure data for their decentralized applications. By integrating cross-chain compatibility features, this oracle can adapt to different blockchain ecosystems, thus opening up unprecedented opportunities for developers.
With the launch of the Intelligent Oracle, DApp developers now have much broader options. This service could transform the realm of decentralized applications, particularly in prediction markets, insurance, and financial derivatives.
This new oracle ensures fast data resolution at a reduced cost. In comparison, traditional oracles can take several days to resolve prediction markets, resulting in significant delays and high costs. The Intelligent Oracle, on the other hand, guarantees final processing in under an hour, for less than $1 per market.
Rapid adoption by the sector
YeagerAI’s new solution is seeing rapid adoption by various strategic partners. Several platforms have already committed to integrating the Intelligent Oracle into their systems. Among the early collaborators are players such as Radix DLT, Etherisc, PredX, Delphi Bets, and Provably, illustrating the growing interest in this innovative technology.
Frequently asked questions about the Intelligent Oracle from YeagerAI
What is YeagerAI’s Intelligent Oracle?
The Intelligent Oracle from YeagerAI is an AI-based tool that provides real-time data to decentralized applications (DApps) on the GenLayer blockchain, enabling secure and decentralized access to online information.
How does the Intelligent Oracle work on the GenLayer blockchain?
The Intelligent Oracle uses a consensus mechanism called “Optimistic Democracy,” where validators connected to language models (LLMs) verify and secure data from on-chain and off-chain sources, ensuring the accuracy of the collected information.
What are the benefits of using the Intelligent Oracle?
Among its benefits, the Intelligent Oracle offers fast and cost-effective data resolution, capable of completing transactions in under an hour at a cost of less than $1, while eliminating dependence on manual resolution systems.
Is the Intelligent Oracle compatible with other blockchains?
Yes, the Intelligent Oracle is designed to be compatible with multiple blockchain ecosystems, facilitating integration with various DApps and enabling cross-data collection.
What types of data can be provided by the Intelligent Oracle?
The Intelligent Oracle can provide a wide range of data, from economic and financial information to contextual and predictive data, thus offering new opportunities for DApp developers.
How can I integrate the Intelligent Oracle into my DApp?
Developers can integrate the Intelligent Oracle using the APIs provided by YeagerAI, which facilitate access to the Oracle’s features for retrieving decentralized data seamlessly.
What is the difference between the Intelligent Oracle and traditional oracles?
Unlike traditional oracles that often depend on human intervention and predefined datasets, the Intelligent Oracle offers a self-sufficient solution capable of accessing real-time data and conducting independent checks to ensure accuracy.
When will the Intelligent Oracle be available?
The Intelligent Oracle is in the initial launch phase on a private authorized network, with a GenLayer Testnet deployment planned by the end of 2024.
