A decentralized physical infrastructure network based on blockchain Solana (SOL), io.net, recently announced tokenomics for its native token, IO. The announcement presented an inflation model and a token burn mechanism.
According to the document presented by the project, the total supply of the IO token is limited to 800 million coins. At launch, there will be an initial distribution of 500 million coins. Additionally, 300 million remaining coins will be allocated as rewards for suppliers and their stakeholders over a 20-year period.
“io.net is building an enterprise-grade decentralized computing network that allows machine learning engineers to access distributed cloud clusters at a small fraction of the cost of comparable centralized services,” he highlighted.
In your document, the developers explained that the io.net offering was developed specifically for four main functions: Batch inference and model serving; Parallel training; Parallel adjustment of hyperparameters; Reinforcement learning. It all started at the Solana Hackathon, February 2023 and the Solana Austin Hacker House.
“With io.net, teams can scale their workloads across a network of GPUs with minimal adjustments. The system handles orchestration, scheduling, fault tolerance, and scheduling and supports a variety of tasks such as preprocessing, distributed training, hyperparameter tuning, reinforcement learning, and model serving. It is designed to serve general-purpose computing for Python workloads, with an emphasis on serving AI/ML workloads.”
Solana launches mainnet beta update to resolve congestion issues
A Solana (SOL) mainnet beta update, v1.17.31, was launched by blockchain developers in order to solve recurring network congestion on the Solana blockchain.
According to a document released by the developers, this patch includes some improvements to the blockchain that are intended to help with continually identified congestion on the network and should be followed by additional improvements in v1.18.
The developers released the v1.17.31 update on April 12th and, after three days of testing, those responsible recommended it for use by mainnet beta validators.
