Oraichain is the first blockchain layer 1 powered by AI that is specifically designed for data economy and blockchain oracles. The application of AI in the Oraichain network helps smart contracts to run more efficiently and increase functionalities. The first version of Oraichain mainnet was released in 2021, and the second version in 2022.
Oraichain’s infrastructure consists of two layers:
- AI Layer 1 is designed for AI-powered data economy, oracle services, and interoperability with other blockchains.
- Layer 2 is made for scalability via customized rollup solutions. In this layer, proprietary Proof of Correctness and Proof of Execution are implemented, enabling a verifiable and trustless environment for AI computation.
ORAI is the native token of Oraichain. It is needed for validating transactions, transaction fee payment, and governance.
ORAI's total supply: 19,779,272
ORAI's circulating supply: 2,044,424
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