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The technology opens the door to new use cases such as smart grids, IoT applications, and cloud gaming.
Theta Labs, the software development company behind Theta Network, has been awarded US Patent 12,056,730 for its cutting-edge approach to decentralized computing.
This new patent represents a significant step forward in enhancing the adoption of the platform’s EdgeCloud platform.
Breakthrough in Edge Computing
Announced via a blog post on Theta Labs’ Medium page, the newly granted patent covers a method titled “Edge Computing Platform Supported by Smart Contracts with Off-Chain Solution Verification”. This technology introduces a novel way to handle complex computing tasks, such as training large AI models, by shifting verification processes off-chain. This advancement helps to streamline operations, reduce delays, and improve overall performance within decentralized networks.
Theta’s EdgeCloud, its decentralized cloud computing platform, already supports a variety of applications, including Generative AI and decentralized video streaming. With the new patent, Theta is poised to expand its capabilities further. The technology opens the door to new use cases such as smart grids, IoT applications, and cloud gaming. By utilizing Theta-based tokens (TFUEL or TNT20) for a pay-as-you-go model, the platform makes high-performance computing more affordable and accessible.
This expansion is expected to drive increased demand for node operators, providing more opportunities for individuals and businesses to participate in the network.
Enhanced Distributed Computing
The patented system involves registering a computing task on the blockchain through a smart contract and assigning it to an Edge Node within the decentralized network.
The solution to the task is then verified off-chain, which allows for faster processing and avoids the bottlenecks associated with on-chain verification. This method enhances the efficiency of managing complex tasks and enables smoother operation of distributed computing systems.
Theta’s Partnership with Aethir
In addition to the new patent, Theta Labs recently partnered with Aethir, another decentralized cloud infrastructure provider, to create a hybrid GPU marketplace. This partnership aims to merge Aethir’s extensive network of high-performance GPUs with Theta’s decentralized infrastructure.
The combined effort is expected to deliver up to 30 times the computing power of current networks, addressing the growing demand for AI and other intensive applications. Aethir’s network includes over 40,000 enterprise-grade GPUs, while Theta’s platform adds its decentralized infrastructure, creating a robust solution for high-performance computing needs.
This marketplace will provide developers and enterprises with instant access to powerful computing resources, supporting advanced AI model training and other high-performance tasks.
The latest developments position Theta Network as a competitive force in the rapidly growing AI landscape. THETA, the network’s token, is up 5% in the last 24 hours with trading volume soaring 30%. Currently, Theta Network is ranked number 54 by market cap, reflecting its growing prominence and potential in the market.
