Glossary
Last updated
Last updated
1. Blockchain
A decentralized digital ledger that records transactions across many computers. In the Clore.ai ecosystem, blockchain technology ensures the transparency, security, and immutability of all transactions, fostering trust among users.
2. Clore Coin (CLORE)
The native cryptocurrency of the Clore.ai platform. CLORE is used to facilitate transactions, reward participants, and support the platform's overall economy. It is ASIC-resistant, ensuring decentralized mining and a fair distribution of coins.
3. Decentralization
A system where control and decision-making are distributed among multiple participants rather than centralized in a single entity. Clore.ai leverages decentralization to create a more equitable and resilient platform for GPU leasing and cryptocurrency transactions.
4. GPU (Graphics Processing Unit)
A specialized electronic circuit designed to accelerate the processing of images and videos. In Clore.ai, GPUs are leased through a decentralized marketplace, allowing users to access high-performance computing power for various tasks like AI development and cryptocurrency mining.
5. GPU Leasing
The process of renting out GPU resources to others who need computing power. Clore.ai provides a platform where GPU owners can lease their idle hardware to users needing temporary access to powerful GPUs.
6. Proof of Holding (POH)
A system within Clore.ai that rewards users for holding CLORE coins in their wallets. Unlike traditional staking, POH offers rewards immediately, providing incentives for long-term holding and contributing to the platform's stability.
7. Mining Pool
A group of miners who combine their computational resources to increase their chances of earning rewards from mining cryptocurrency. Clore.ai supports mining pools, allowing users with less powerful GPUs to participate in mining by pooling resources with others.
8. ASIC Resistance
A feature of certain cryptocurrencies, including CLORE, that prevents the use of ASICs (Application-Specific Integrated Circuits) for mining. This ensures that mining remains decentralized and accessible to users with standard consumer GPUs.
9. Marketplace
In the context of Clore.ai, the marketplace is a decentralized platform where users can lease or rent GPUs and CLORE coins. It operates on a peer-to-peer model, ensuring transparent and direct transactions between users.
10. Emission Schedule
The planned release of CLORE coins into circulation over time. Clore.ai’s emission schedule is designed to ensure a controlled supply of coins, with block rewards decreasing gradually, contributing to the coin's scarcity and long-term value.
11. Staking
The process of holding a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network, such as validating transactions. While not the primary mechanism in Clore.ai, staking is similar to the Proof of Holding system.
13. Spot Rental
A rental option on the Clore.ai platform where GPU resources are allocated to a specific user for a defined period, guaranteeing access to the leased hardware without interruption.
Fee: 2.5%, with Proof Of Holding it can be as low as 1.8%
14. On-Demand Rental
A flexible rental option where users can lease GPUs from the Clore.ai marketplace on an as-needed basis. This option is ideal for users with varying computational needs.
Fee: 10%, with Proof Of Holding it can be as low as 5%
15. Reward Distribution
The system that allocates rewards to miners, GPU hosters, and the Clore.ai team. In Clore.ai, 50% of block rewards go to miners, 40% to GPU hosters, and 10% to the development team, ensuring the network's security and sustainability.
16. Airdrop
A distribution of cryptocurrency tokens to a specific group of users, often used as a marketing strategy or as a reward for platform participation. Clore.ai periodically conducts airdrops to reward users, particularly those participating in the Proof of Holding system.
17. Compliance
Adherence to legal and regulatory requirements in the jurisdictions where Clore.ai operates. The platform is committed to maintaining full compliance with relevant laws, ensuring a secure and trustworthy environment for all users.
18. Clore Wallet
A secure digital wallet provided by Clore.ai for storing, sending, and receiving CLORE coins. The wallet is integrated with the platform’s features, including the Proof of Holding system, enabling users to manage their assets conveniently. https://clore.ai/wallet
19. Tokenomics
The economic structure of a cryptocurrency, including its supply, distribution, and reward mechanisms. Clore.ai’s tokenomics are designed to ensure long-term sustainability and value growth for the CLORE coin.
20. Scalability
The ability of the Clore.ai platform to handle increasing demand without compromising performance. Scalability is a key focus for Clore.ai, ensuring that the platform can grow and serve a larger user base effectively.
