LUNC Developer Teases AI App Chain “Block Entropy”, LUNC Price Eyeing $0.1?
LUNC News: What comes as a major surprise to many, the Terra Classic chain might just have its first very own Artificial Intelligence (AI) powered application chain. This comes after its key developer, Edward Kim, shared images of the whitepaper for the AI chain called Block Entropy on Saturday.
LUNC’s New Block Entropy AI App
Although details are pretty vague at the moment, Kim mentioned that the TestNet playground — a simulation tool that allows users to test and explore — will go public sometime next month and will only support a limited number of “machine-learning inference tasks” like AI image diffusion, text language models, and even be able to generate music.
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While a full release of the whitepaper is expected to happen soon, Kim highlighted that advancements in distributed training mechanisms, Python APIs, SNARK verification methods and further fine-tuning modules for generating better results would not be released initially and are slated to launch in subsequent phases.
Accessing Block Entropy’s Testnet
However, access to TestNet is not free for all. A user must first send real LUNC tokens to a distinct burn address and then submit the transaction hash into the TestNet faucet in order to acquire access. According to Kim, this will serve as a preview of the much-anticipated burn faucet that will be deployed sometime later next month. The quantity of LUNC that you burn will be proportional to the number of testnet tokens that you get in return and these can only be utilized for machine learning activities, as they have no proprietary value of their own.
In addition, Kim highlights the fact that the Interchain Accounts (ICA) module, which is an essential element in the development, has already been completed and is presently undergoing testing on the LUNC L1 TestNet. This will be then followed by the approval of a governance proposal and subsequent coordination with the Joint L1 Task Force Team in order to include ICA in LUNC.
In light of this LUNC news, the price of Terra Classic is presently exchanging hands at $0.0001114 which represents a gain of 0.64% in the past 24 hours as opposed to an increase of 0.41% recorded over the last seven days.
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