Nesa (NES)
Rank #491
Market snapshot
- Price
- $0.213445
- Market cap
- $30.2M
- 24h volume
- $8.9M
- Circulating supply
- 141,500,000
- Total supply
- 1,000,000,000
- Max supply
- N/A
What is Nesa?
Nesa is a global blockchain network that brings AI on-chain. It aims to provide a decentralized infrastructure for AI applications, allowing for the execution of models and processing of data in a secure environment.
How Nesa works
Nesa broadcasts proofs on its Layer-1 blockchain for AI applications. It utilizes tools for managing encryption keys and access controls to specify authorized nodes for executing models. Nesa's AI Link™ protocol enables interoperability between different blockchain networks for transferring models, data, parameters, and computational tasks. The network scales large model inference off-chain, leveraging advanced hardware and software optimizations not possible in smart contracts. The inference process is secured through a proprietary cryptography solution and managed via dynamic hardware specifications for trusted nodes, increasing query throughput as more nodes join the network.
Key information
- Symbol
- NES
- CMC rank
- #491
- Network / platforms
BNB Chain, Ethereum
- Categories
- N/A
- Date added
- Mar 27, 2024
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
BNB Chain
0x3131f6B80C26936aB03F7d9D29Eb4Ddf36AC3FB5Ethereum
0x230f1E241C621d5af670Dad83ebCdd18971E2995
Key characteristics
Nesa embraces open-source principles, providing access to advanced techniques for AI integration. It supports multiple testnets for users to run nodes in preparation for the mainnet. The architecture allows for efficient data handling and model execution across various blockchain environments.
Documented uses
NES is used to secure the network for participation in consensus and aggregation. It compensates model developers and miners operating nodes for AI orchestration and pays for queryspace when running inference on the Nesa blockchain. Nesa partners with developers worldwide to build and deploy AI models across various modalities and use cases.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Nesa (NES)?
- Nesa (NES) is a cryptocurrency designed for integrating AI on blockchain networks, facilitating decentralized applications and services.
- How does Nesa work?
- Nesa operates by broadcasting proofs on its Layer-1 blockchain for AI applications, utilizing tools for encryption key management and access control.
- What are the key features of Nesa?
- Nesa supports open-source principles and multiple testnets, allowing for efficient data handling and model execution across blockchain environments.
- What are the risks associated with Nesa?
- Digital asset prices can be volatile. Users should verify contract addresses and networks before transferring assets and be aware of custody risks.
- Where can I find official resources for Nesa?
- Official resources for Nesa can be found on their website at https://nesa.ai and their GitHub repository at https://github.com/nesaorg/nesa.
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