Question 1

What is the GNY project?

Accepted Answer

GNY, pronounced “gee-nie”, represents the first decentralized platform in the world to leverage machine learning for predictive purposes. This innovative approach offers a method for distributing, monetizing, and deploying machine learning (ML) services. The platform focuses on creating practical ML tools tailored for the cryptocurrency trading sector, allowing for the monetization of datasets. GNY's technology is designed to extract latent value from data by offering solutions that are predictive, adaptive, and responsive.

Question 2

Why did GNY decide to combine machine learning & blockchain?

Accepted Answer

The rationale behind integrating machine learning with blockchain technology stems from the anticipation that data will inevitably become decentralized. GNY aims to capitalize on the benefits of decentralized data while mitigating associated risks. Blockchain technology is employed to ensure secure and consistent data recording, which is critical for the effective application of ML.

Question 3

Is GNY's technology unique?

Accepted Answer

GNY's ML technology is distinctive because it processes millions of independent variable features across hundreds of machine learning algorithms simultaneously. This approach enables the platform to deliver self-learning and personalized predictions.

Question 4

What utilities have emerged thus far from GNY's tech?

Accepted Answer

The introduction of the GNY Range Report marks GNY's initial venture into public-facing tools. It utilizes specialized neural networks and a custom Relative Strength Index (RSI) to forecast daily price ranges for Bitcoin, Ethereum, and other leading cryptocurrencies. Enhancements include a custom large language model that provides summaries of these forecasts. Future developments will introduce additional tokens, exchange insights, personalized notifications, extra trading signals, and market threshold indicators.

Additionally, GNY has developed the GNYaiBOT, a mobile application integrated with Telegram to provide concise updates on cryptocurrency tokens. Leveraging Telegram's BOT ecosystem and the latest advancements in large language models, the GNYaiBOT simplifies complex data analysis into user-friendly messages.

Question 5

How is the GNY blockchain secured?

Accepted Answer

Security of the GNY blockchain is maintained through a Delegated Proof of Stake (DPoS) consensus mechanism, which involves 101 nodes. This method was chosen for its democratic nature—allowing token holders to vote for delegates responsible for network security—and scalability, supporting a higher transaction volume per second compared to many other consensus algorithms. The GNY mainnet generates a block every 10 seconds.

Question 6

What utility does the GNY token have within the network?

Accepted Answer

The GNY token serves multiple functions within the network, including granting digital access rights to the decentralized ML predictive platform. Token holders can become delegate node operators, launch cryptographic tokens and sidechains, and access special features of the GNY Range Report and GNYaiBOT. The token also facilitates participation in the GNY DataPlace, a decentralized data marketplace for collaboration, sharing, and monetization of datasets and ML insights.

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About GNY

What is the GNY project?

Why did GNY decide to combine machine learning & blockchain?

Is GNY's technology unique?

What utilities have emerged thus far from GNY's tech?

How is the GNY blockchain secured?

What utility does the GNY token have within the network?

What is the GNY token circulating/total/max supply.

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GNY priceGNY#2007

GNY to USD Chart

GNY statistics

GNY Markets

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GNY News

Top

Top

Latest

Latest

GNY community

About GNY

What is the GNY project?

Why did GNY decide to combine machine learning & blockchain?

Is GNY's technology unique?

What utilities have emerged thus far from GNY's tech?

How is the GNY blockchain secured?

What utility does the GNY token have within the network?

What is the GNY token circulating/total/max supply.

Similar Coins to GNY

Popular Tokens on the Ethereum Chain

Most Visited Cryptocurrencies

Trending

GNY Price Live Data

GNY price
GNY
#2007