YeagerAI Unveils GenLayer-Powered Oracle for Decentralized AI

Intelligent Oracle provides rapid, autonomous data for dApps.
YeagerAI’s oracle enhances cross-chain compatibility and lowers expenses.

YeagerAI, the firm developing Blockchain GenLayer, has launched a new product, Intelligent Oracle, that puts decentralized data on-chain. This AI oracle brings massive ranges of real-world data that were previously unavailable to blockchain ecosystems for dApps.

The Intelligent Oracle works through the LLMs integrated with GenLayer’s Optimistic Democracy consensus mechanism. Validators in the network check data accuracy, reliability, and security by cross-checking answers from a lead validator. In this manner, the blockchain achieves non-deterministic transactions, enabling it to fetch and validate internet data in real-time.

Overcoming the Limitations of an Oracle for dApps

For a long time, predefined datasets or the need for user involvement have constrained traditional oracles, making them slow, expensive, and inflexible. The Intelligent Oracle removes all of these limitations, providing developers with seamless, fast, and cost-effective access to a wide range of data types. The importance of this solution lies particularly in prediction markets, insurance, and financial derivatives, where dApps will demand speed and efficiency.

The Intelligent Oracle settles transactions in under an hour for a price less than one dollar per market. It means that this decentralized application finally offers fast, affordable, and reliable data resolution. It does so in a different manner than traditional oracles, which often take days to settle.

Currently, some of the early partners committed to using the technology and integrating it into their applications and services, including Radix DLT, Etherisc, and PredX. This demonstrates the growing interest in its potential. Its capability to enable cross-chain interoperability makes it possible to incorporate its functionality into a variety of blockchains. This allows seamless interfacing across different platforms.

YeagerAI is about decentralization and transparency and, in this respect, it changes the way AI interacts with blockchain technology. The launch of Intelligent Oracle is one of the first steps in a future-proof decentralized infrastructure capable of creating scalable and efficient decision-making mechanisms for diverse applications in the field of blockchain.

With this new oracle, GenLayer is positioned to take a seat in the decentralized data space as an innovative solution offering developers fast security with customization on scalability at all levels in the blockchain ecosystem.