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What is Grass?
Grass is a decentralized network built on the Solana blockchain, designed to harness the power of unused internet bandwidth for data collection and AI development. It operates as a decentralized platform that enables users to monetize their idle bandwidth by contributing it to the network. The network then utilizes this bandwidth to scrape public web data, organizing it into structured datasets suitable for AI model training.
How does Grass work?
Grass leverages the fast and scalable Solana blockchain and operates using a Layer 2 architecture. This involves processing data off-chain and relying on Solana for final settlement and validation. Validators in the network verify web transactions and generate Zero-Knowledge (ZK) proofs to maintain data integrity. Although initially employing a centralized validator system, plans are in place to transition to a decentralized committee. The network uses various encryption algorithms to ensure secure data transmission.
What are the potential use cases for Grass?
Grass has multiple potential use cases, primarily revolving around AI and decentralized bandwidth sharing. It enables AI development through data collection and structuring, supports bandwidth monetization allowing users to earn by sharing unused bandwidth, and promotes eco-friendly operations through low energy consumption. Grass's partners, like AI labs, utilize the structured datasets for AI training, and the network's focus on decentralized principles aligns with the DeFi sector's values.
What is the history of Grass?
Founded with the initiative of Andrej Radonjic and developed by Wynd Labs, Grass launched its coin in March 2024. It has achieved notable milestones such as raising $4.5 million through funding, executing a major airdrop, and establishing significant partnerships. Using a Layer 2 architecture on Solana, the network employs zk-SNARK proofs for data validation. Grass has grown to include over 2 million active users and continues developing its market presence through strategic partnerships and technological advancements.
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Frequently Asked Questions (FAQs)
What is the current price of Grass (GRASS)?
The Grass price is $4.0371 AUD, representing a -15.25% from the day prior.
Where is the best place to buy Grass (GRASS) in Australia?
The best place to buy Grass (GRASS) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Grass (GRASS) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Grass (GRASS)?
The trading volume of Grass (GRASS) is $295.2M AUD in the last 24hrs, representing a -15.25% from the day prior.
How can I buy Grass (GRASS)?
Grass (GRASS) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Grass (GRASS)?
The current market cap of Grass (GRASS) is $978.4M AUD.
Can I convert Grass (GRASS) to cash?
Yes - With Coinstash you can convert your Grass (GRASS) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Grass (GRASS) are there?
The current circulating supply of Grass (GRASS) is 243.9M.
Is Coinstash a safe place to buy Grass (GRASS) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Grass (GRASS) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.