What is Ratio1?
Symbol: R1 · Market cap rank: #3665
Short answer
Ratio1 (R1) is a cryptocurrency currently ranked #3665 by market capitalisation.
Source: isthiscoinascam.com
Overview
Ratio1 Protocol is a decentralized network designed for executing machine learning workloads across independent edge nodes. It operates on a license-based model utilizing the R1 token, which is distributed based on node availability and the execution of AI tasks, all verified through oracle consensus. The protocol employs a combination of Proof of Availability (PoA) and Proof of AI (PoAI) mechanisms.
The smart contracts of Ratio1 are deployed on the Base blockchain and are non-upgradable. The infrastructure includes decentralized components such as R1FS for distributed file storage, OracleSync for task validation, and ChainDist for job scheduling. The protocol's architecture aims to provide an efficient and scalable AI framework without dependence on centralized cloud services.
Scam-risk analysis
Ratio1 has a low score, indicating elevated scam risk based on the available data. Is Ratio1 a scam?
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