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Grass, sometimes known as 'Grass Network', is a platform that was founded by Andrej Radonjic and was launched on October 28th, 2024. Grass allows users to earn rewards by contributing their unused internet bandwidth to the Grass network. Designed to prioritize user ownership and control, Grass enables verified institutions and researchers to access the bandwidth needed for tasks like academic research, local price verification, and regional ad testing. [1] [6] [12]
Grass is a platform designed to redefine internet incentives by enabling individuals to contribute unused internet bandwidth to a decentralized network. Participants earn rewards while supporting data transformation processes that benefit research and institutional applications.
Built as a Layer 2 network on the Solana blockchain, Grass prioritizes scalability and speed. Its use of zero-knowledge proofs ensures data integrity and transparency, which benefits AI model training. Grass also emphasizes user privacy and cybersecurity by minimizing data collection and collaborating with cybersecurity leaders. Personal data is securely stored and limited to essential information, and users retain control over their shared bandwidth. By partnering with organizations like AMTSO and integrating rigorous security measures, Grass seeks to maintain a secure and trusted network for its participants.
Additionally, Grass incorporates environmentally sustainable practices, leveraging a Proof of Stake (PoS) consensus mechanism and an innovative Proof of Green (PoG) system. PoG rewards users for supporting green initiatives, aligning blockchain operations with ecological goals. [2][3][10][11]
The Grass ecosystem comprises several integral components that work together to ensure functionality, security, and user participation:
This application allows users to share their unused internet bandwidth, earning rewards and participating in network growth, including applications in artificial intelligence.
A network infrastructure comprising nodes, routers, validators, a zero-knowledge processor, and a data ledger. It facilitates the secure sourcing and transformation of unstructured web data into structured datasets. [9]
Grass Points form the rewards system used within the Grass platform, allowing participants to earn points through usage and referrals.
Points are accrued in the following ways:
The system features ranks, such as Iron and Titan, based on referral count, with higher ranks offering increased bonus points.
Grass Points are tracked within defined time periods, or epochs, allowing users to monitor their earnings via their dashboard.
This structure incentivizes app usage and network growth while fostering user participation. [4] [5]
Users operate Grass Nodes by sharing their unused internet bandwidth, increasing the network's capacity. In return, they earn GRASS tokens, fostering community ownership and engagement.
Validators uphold the network's integrity by verifying transactions and maintaining consensus on the blockchain. They are compensated with GRASS tokens for their role in preventing fraudulent activity.
This component enhances privacy and security by facilitating secure data transactions without disclosing sensitive information, addressing critical concerns around data confidentiality in digital environments. [12]
The GRASS network supports various applications that emphasize its role in the digital economy:
Grass utilizes GRASS tokens to support its Layer 2 Data Rollup infrastructure, emphasizing sustainability, incentivized participation, and transparency in AI development. The total supply of GRASS tokens is capped at 1 billion, ensuring a fixed supply within the ecosystem. [7] [8]
The GRASS token distribution is structured across several key categories to support the network's development and sustainability:
$2.46
8.75%
$602,464,661.00
9.00%
$2,468,359,109.82
9.00%
$139,606,455.13
3.59%
GRASS
USD
Edited By
Edited On
December 20, 2024
Reason for edit:
Update Grass Network article: refined content, added details on ecosystem and tokenomics.
We've just announced IQ AI.
$2.46
8.75%
$602,464,661.00
9.00%
$2,468,359,109.82
9.00%
$139,606,455.13
3.59%
GRASS
USD
Edited By
Edited On
December 20, 2024
Reason for edit:
Update Grass Network article: refined content, added details on ecosystem and tokenomics.
Medium: 'The Grass Token and GetGrass.io: Navigating the Current Landscape and Future Prospects'
Dec 20, 2024
LinkedIn: 'Is Grass the Next Big Cryptocurrency to Watch? Analytics Insight'
Dec 20, 2024