Introduction

According to reports, the Ethereum Layer 2 network Starknet announced on social media that it has decided to use license free Gize protocol technology during the latest community conference call to deploy learning models, execute verifiable reasoning, and implement an open AI economy. According to the latest data from Dune Analytics, the current Starknet on chain bridging users have reached 356900, with an on chain bridging TVL of 46991 ETH, which is approximately $93.308 million based on current prices.

Starknet: Will deploy an on chain machine learning model using the Giza protocol

Ethereum has been gaining popularity for years, and today is the home of the largest number of decentralized applications. However, concerns over scalability have long been a barrier to its adoption. The good news is that new technology is emerging to overcome this problem. One such technology is the Ethereum Layer 2 network Starknet, which has recently announced the decision to use license-free Gize protocol technology during its latest community call. In this article, we will explore what the Gize protocol is, how it will be used in the Ethereum Layer 2 network, and what the possible implications of this move could be.

The Gize Protocol

The Gize protocol is a new technology that is designed to enable the creation, deployment, and execution of machine learning models in a transparent, decentralized, and secure manner. It offers an open AI economy that enables data owners to monetize their data, data scientists to develop models, and businesses to consume and deploy the models. The Gize protocol is expected to benefit enterprises, governments, data providers, and data scientists when it comes to the deployment of learning models, executing verifiable reasoning, and implementing an open AI economy.

The Use of Gize Protocol in Starknet

According to recent announcements by Starknet, the network has decided to use the Gize protocol to enable Machine Learning (ML) research and development. The Gize protocol will help foster research and development on the StarkNet network, which in turn will draw more developers to the network. This will enable more scalable and decentralized machine learning applications to be built, deployed, and run on the network.

Implications of the Use of Gize Protocol in Starknet

The announcement of the use of Gize protocol in the Ethereum Layer 2 network Starknet has elicited excitement and anticipation from the community. There are several implications of this move that are worth considering.

Scalability

One of the biggest concerns over Ethereum’s scalability relates to its throughput. Scalable machine learning models can improve the system’s capacity to handle more users, increase efficiency, and decrease costs. The use of Gize protocol in Starknet could, therefore, lead to better scalability and increased adoption of the network.

Security

The use of machine learning models can help increase security by detecting fraud, monitoring smart contracts, and identifying anomalous behavior. The Gize protocol can enable the development and deployment of these models on the Starknet network, ultimately leading to better security.

Open AI Economy

The Gize protocol offers an open AI economy that allows data providers to monetize their data, data scientists to develop models, and businesses to consume and deploy the models. This can enable small businesses to access machine learning models that are usually out of their reach while providing a revenue stream for data providers and data scientists.
# Conclusion
The use of the Gize protocol in the Ethereum Layer 2 network Starknet is a positive step towards a more scalable, secure, and decentralized ecosystem. It can provide opportunities for businesses, governments, developers, and data providers to benefit from the increasing demand for machine learning models while making these models more accessible to everyone. We expect to see more exciting developments in the future as the Ethereum community continues to push the boundaries of what is possible.

FAQs

1. What is the Gize protocol?
The Gize protocol is a new technology that enables the creation, deployment, and execution of machine learning models in a decentralized and secure manner.
2. Why is the use of Gize protocol important in the Starknet network?
The use of Gize protocol can help improve scalability, security, and foster research and development on the network.
3. What are the possible implications of the use of Gize protocol in Starknet?
The use of Gize protocol can lead to a more scalable, secure, and decentralized ecosystem, providing opportunities for businesses, governments, developers, and data providers while making machine learning models more accessible to everyone.