LYNODE

About LYNODE token

Lynode functions as a decentralized network that enables AI developers to directly interface with GPU/CPU suppliers, thus streamlining large-scale distributed machine learning. By distributing the resources needed to perform AI computations, it solves the problems of cost and accessibility for high-performance computing. Its architecture enables all users, including those with no sophisticated hardware, to either rent or offer computing resources on a decentralized marketplace. Other important components of Lynode are the AI model marketplace and the proof-of-compute protocol, which allows miners to validate AI workloads as proofs of AI work instead of expending resources on traditional hashing. This promotes a more efficient network resource utilization. The platform enables privacy-preserving computations through federated learning, which allows models to improve collectively while preserving the privacy of the data providers. Within Lynode, transactions and interactions are driven with the native token $LYN which also powers incentivization. $LYN enables frictionless transactions with compute power sellers and buyers, incentivizing compute power supply and providing network security through token staking. Besides, token holders are granted governance and thus the right to participate in protocol adjustments, which can include future changes and updates. By these means, Lynode intends to provide developers and researchers from around the world with the means to use decentralized computing in a practical way.