PANews reported on January 27 that, according to The Block, the ETH Layer 2 project Mode launched a new subnet called Synth on Bittensor, which will use Bittensor's Decentralization architecture and develop AI functions to simulate the Fluctuation of asset prices. Synth involves "Miner" generating simulated price paths, which subnet validators evaluate based on historical data to ensure that they accurately reflect real-world price dynamics and fluctuation. Initially, Synth will have Miner generate 100 BTC simulated price paths every five minutes. Miners will be evaluated and rewarded based on their accuracy in modeling future price probability distributions and their ability to generalize real-world price dynamics.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
3 Likes
Reward
3
1
Repost
Share
Comment
0/400
GateUser-bd78889e
· 01-27 15:24
Ape In 🚀Bull Run 🐂HODL Tight 💪1000x Vibes 🤑DYOR 🤓Buy To Earn 💎Watching Closely 🔍
Mode launches the subnet Synth on Bittensor to build a DecentralizationAI for predicting Cryptocurrency prices
PANews reported on January 27 that, according to The Block, the ETH Layer 2 project Mode launched a new subnet called Synth on Bittensor, which will use Bittensor's Decentralization architecture and develop AI functions to simulate the Fluctuation of asset prices. Synth involves "Miner" generating simulated price paths, which subnet validators evaluate based on historical data to ensure that they accurately reflect real-world price dynamics and fluctuation. Initially, Synth will have Miner generate 100 BTC simulated price paths every five minutes. Miners will be evaluated and rewarded based on their accuracy in modeling future price probability distributions and their ability to generalize real-world price dynamics.