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Theta EdgeCloud: Ushering in a new era of AI Computing.
February 26, 2024
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The Theta engineering team has been heads down for the greater part of this past year developing the Theta EdgeCloud, one of the most advanced decentralized software platforms in edge computing. Its mission is to provide developers, researchers and enterprises large and small with unlimited access to GPU processing power for any AI or video task, at the most optimal cost. This approach brings the best of Cloud computing to a decentralized system, powered by the Theta Edge Network.

This blog shares a sneak peak of the upcoming EdgeCloud phase 1 estimated to launch on May 1, 2024. The foundation supporting EdgeCloud’s AI computing infrastructure has been in 🛠️ development for many years.

  1. The Theta Edge Network launched in 2021 with Mainnet 3.0 focused on GPU intensive video processing required for encoding, transcoding and distribution. Today, Theta’s global network of nearly 10,000 active edge nodes run by community members comprises one of the largest clusters of distributed GPU computing power in the world. High performance GPUs (~1000 nodes) deliver 36,392 TFLOPS, Medium tier GPUs (~2000 nodes) deliver 28,145 TFLOPS and Low end GPUs (~7000 nodes) deliver an additional 13,002 TFLOPS, for a total approx 77,538 TFLOPS or about 80 PetaFLOPS, roughly equivalent to 250 NVIDIA A100s, always available.

This vast processing power along with Theta’s access to an additional 800+ PetaFLOPS through our strategic cloud partners can deliver upwards of 2500 equivalent NVIDIA A100s, enough to train and serve some of the largest language models (LLMs). GenAI text-to-image, text-to-video models such as Stable diffusion and Llama2 and cutting edge new text-to-3D models can easily run on EdgeCloud’s hybrid cloud decentralized architecture.

2. Access to distributed GPU processing power in itself is not sufficient to transform the AI computing landscape. In 2021, Theta first filed its patent for the “Edge Computing Platform supported by Smart Contract enabled blockchain network”. This set in motion the capability to build a next generation hybrid computing architecture, where computation tasks are registered on a blockchain, and assigned to an edge computing node within a decentralized computing network through a secure peer-to-peer connection. Further, the solution may be verified on-chain by a smart contract and a token reward may be given to the participating node.

This patent was granted in September 2023 while Theta core engineering team was already building the core foundation of EdgeCloud.

3. Lastly, the Theta team has always believed in building technology to solve immediate customer and market needs. As early as 2022, Theta began working with a number of AI partners and experts in natural language processing (NLP) and machine learning. This led to collaboration with Lavita.AI, FedML and most recently with Google Cloud developing an ‘AI Model Pipeline for Video-to-text Applications” with applications in semantic video search, esports game highlight video generation and many other AI applications.

The Theta team is thrilled to share a sneak peek into EdgeCloud’s first release this Spring.

In the screenshots below, AI developers can easily select and deploy popular models such as Stable diffusion, Llama 2 and many other out-of-the box models with just a few clicks and build their AI-powered apps on top. This library of templates can be expanded over time to capture all of the most popular AI models including today’s chat bots, generative AI and any new models in the future. AI developers can use familiar tools including Jupyter notebook to launch their AI development.

In a second release in the Spring-Summer, Theta will unveil its upgrade to the Edge node software with Elite+ Booster feature for EENs that have the full 500,000 TFUEL staked. This enables node operators to participate and share in the rewards from all EdgeCloud AI compute tasks.

Moving into H2 2024, advanced AI developers will be able to manage their entire AI pipeline development from prototyping using Jupyter notebook to training AI models including hyperparameter tuning and neural architecture search as well as model fine-tuning. These models can then be easily deployed and served across EdgeCloud’s network of GPUs — optimized, immediately accessible and scalable. These can eventually be run on ray clusters or raw machines, for AI experts looking for even more control.

We are excited to share updates along the way as we push toward the Phase I release of EdgeCloud, join us on Discord and Twitter for further discussions.

 
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For up to date cryptocurrencies available through Robinhood:
https://robinhood.com/us/en/support/articles/coin-availability/

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We Have Been Lied To, For Far To Long!

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Jays info:
@TheProjectUnity on X
youtube.com/c/ProjectUnity

Geoffrey Drumms info:
@TheLandOfChem on X
www.youtube.com/@thelandofchem

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Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

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💠 'Based Agent' enables creation of custom AI agents
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👉 What this means for the future of Crypto:

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Pyth Network DAO

Beyond revenue, the Phase 2 proposal asks for the DAO to consider whether and how the network can deliver value back to the community.

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Looking ahead to Phase 3: Total market coverage.

→ 200–300 new symbols added each month
→ 3K+ by year-end, 10K+ in 2026
→ Complete coverage across: trading venues, OTC markets, permissioned & unpermissioned DeFi

Pyth will become the most comprehensive financial data layer in the world.

https://x.com/PythNetwork/status/1963255788698484942

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Stay safe.

https://x.com/CoinDesk/status/1965110299456847944

$ETH ETF outflow of $96,700,000 🔴 yesterday.

BlackRock sold $192,700,000 in Ethereum.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

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XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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