Recent Updates on Gensyn

On April 8th, Gensyn retweeted a post from Coinfund, which translated reads: "The launch of the Gensyn testnet is a milestone for the development of decentralized artificial intelligence!" It is reported that the Gensyn testnet went live on April 1st. Users can run nodes, train personal models, and track their participation in the cluster.

On April 5th, Gensyn's Chief Operating Officer, Jamico, announced the first-week data of the testnet: 5,097 verified unique users, a total of 1,892 models trained and uploaded to Hugging Face, with 10,070 instances of decentralized artificial intelligence in action.

Introduction to Gensyn

Gensyn is a blockchain-based decentralized deep learning computing protocol aimed at establishing an artificial general intelligence (AGI) computing power market. It breaks down complex machine learning tasks into multiple subtasks and leverages participants' computing resources to achieve highly parallelized computation.

Gensyn is essentially a first-layer proof-of-stake blockchain based on the Substrate protocol. It can facilitate machine learning task allocation and rewards through smart contracts, quickly realizing AI model learning capabilities and reducing the cost of deep learning training. Through an innovative verification system and computing power supply, Gensyn achieves large-scale and low-cost neural network training without the need for trust.

Gensyn System Participants

Gensyn's system mainly includes four key participants: Submitters, Solvers, Verifiers, and Challengers:

• Submitters: The end-users of the system, who provide the tasks to be computed and pay for the completed work units.

• Solvers: The main workers of the system, who execute model training and generate proofs that need to be checked by verifiers.

• Verifiers: They link the non-deterministic training process to deterministic linear computation, replicate a part of the solver's proof, and compare the distance with the expected threshold.

• Challengers: As the last line of defense, challengers review the work of verifiers and raise objections when problems are found, in hopes of earning a reward.

Gensyn Team

Gensyn was founded in 2020 by Ben Fielding and Harry Grieve, both seasoned in computer science and machine learning research:

• Ben Fielding, co-founder of Gensyn, holds a Ph.D. in Computer Science from Northumbria University.

• Harry Grieve, co-founder of Gensyn, was previously an angel investor and graduated from Brown University.

Gensyn Financing

• On June 11, 2023, Gensyn completed a $43 million Series A round led by a16z Crypto, with participation from CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Jsquare, and others.

• On March 21, 2022, Gensyn completed a $6.5 million seed round with participation from Eden Block, Galaxy Digital, CoinFund, Maven11, Hypersphere Ventures, Zee Prime Capital, Entrepreneur First, Jsquare, Counterview Capital, 7percent Ventures, Id4 Ventures, and others.

Summary of Gensyn

Gensyn's core goal is to democratize AI through decentralized initiatives, enabling more people to participate in the innovation and application of AI technology. With clear technical barriers, its main functions are to train personal models and provide a computing power platform for other AI projects. There will be a huge demand in this direction, and Gensyn is likely to become one of the leading projects in this field.

Recent Updates on Gensyn

On April 8th, Gensyn retweeted a post from Coinfund, which translated reads: "The launch of the Gensyn testnet is a milestone for the development of decentralized artificial intelligence!" It is reported that the Gensyn testnet went live on April 1st. Users can run nodes, train personal models, and track their participation in the cluster.

On April 5th, Gensyn's Chief Operating Officer, Jamico, announced the first-week data of the testnet: 5,097 verified unique users, a total of 1,892 models trained and uploaded to Hugging Face, with 10,070 instances of decentralized artificial intelligence in action.

Introduction to Gensyn

Gensyn is a blockchain-based decentralized deep learning computing protocol aimed at establishing an artificial general intelligence (AGI) computing power market. It breaks down complex machine learning tasks into multiple subtasks and leverages participants' computing resources to achieve highly parallelized computation.

Gensyn is essentially a first-layer proof-of-stake blockchain based on the Substrate protocol. It can facilitate machine learning task allocation and rewards through smart contracts, quickly realizing AI model learning capabilities and reducing the cost of deep learning training. Through an innovative verification system and computing power supply, Gensyn achieves large-scale and low-cost neural network training without the need for trust.

Gensyn System Participants

Gensyn's system mainly includes four key participants: Submitters, Solvers, Verifiers, and Challengers:

• Submitters: The end-users of the system, who provide the tasks to be computed and pay for the completed work units.

• Solvers: The main workers of the system, who execute model training and generate proofs that need to be checked by verifiers.

• Verifiers: They link the non-deterministic training process to deterministic linear computation, replicate a part of the solver's proof, and compare the distance with the expected threshold.

• Challengers: As the last line of defense, challengers review the work of verifiers and raise objections when problems are found, in hopes of earning a reward.

Gensyn Team

Gensyn was founded in 2020 by Ben Fielding and Harry Grieve, both seasoned in computer science and machine learning research:

• Ben Fielding, co-founder of Gensyn, holds a Ph.D. in Computer Science from Northumbria University.

• Harry Grieve, co-founder of Gensyn, was previously an angel investor and graduated from Brown University.

Gensyn Financing

• On June 11, 2023, Gensyn completed a $43 million Series A round led by a16z Crypto, with participation from CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Jsquare, and others.

• On March 21, 2022, Gensyn completed a $6.5 million seed round with participation from Eden Block, Galaxy Digital, CoinFund, Maven11, Hypersphere Ventures, Zee Prime Capital, Entrepreneur First, Jsquare, Counterview Capital, 7percent Ventures, Id4 Ventures, and others.

Summary of Gensyn

Gensyn's core goal is to democratize AI through decentralized initiatives, enabling more people to participate in the innovation and application of AI technology. With clear technical barriers, its main functions are to train personal models and provide a computing power platform for other AI projects. There will be a huge demand in this direction, and Gensyn is likely to become one of the leading projects in this field.