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Ethereum Milestone: Validator Count Hits 1 Million with $114 Billion Staked | IDOs News
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Ethereum’s network validators surpass the 1 million mark, with 32 million ETH staked through platforms like Lido, accounting for 26% of its total supply.
The Ethereum network, a leading blockchain platform for decentralized applications and smart contracts, has achieved a significant milestone by surpassing one million validator nodes. These validators are responsible for securing the network and processing transactions, ensuring the integrity and functionality of the Ethereum ecosystem.
According to data from Dune Analytics, a blockchain analytics platform, the amount of Ether (ETH) staked has reached a staggering 32 million ETH, with an estimated value of $114 billion. This represents approximately 26% of Ethereum’s total supply, signaling a robust commitment from the network’s participants to its long-term security and success.
An interesting aspect to consider is the role of Lido, a liquid staking solution that has become increasingly popular among Ethereum’s stakers. Lido allows users to stake their ETH while retaining liquidity, enabling them to participate in other decentralized finance (DeFi) activities without locking up their assets. The platform currently accounts for 30% of all staked ETH, indicating a significant preference for liquid staking options within the Ethereum staking community.
The surge in validator count and staked ETH is a testament to the successful transition of Ethereum from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, which took place with the highly anticipated upgrade known as ‘The Merge.’ This transition not only marks a new era in Ethereum’s history but also contributes to the broader crypto ecosystem’s shift towards more energy-efficient and scalable blockchain solutions.
As the network’s staking capacity grows, Ethereum is expected to benefit from increased security and network participation, which could lead to further adoption of its blockchain for various applications, including finance, gaming, and non-fungible tokens (NFTs).
The rise in the number of validators and the amount of staked ETH also raises questions about the decentralization of the network, given that significant proportions are managed through staking pools and platforms like Lido. As the Ethereum network evolves, it will be critical to monitor the distribution of staking power and ensure that it remains in line with the community’s decentralized ethos.
The milestone of one million validators is a crucial indicator of the network’s health and the trust that users place in Ethereum’s infrastructure. As the blockchain landscape continues to evolve, Ethereum’s position as a leader in the space is further solidified by this achievement.
In conclusion, the Ethereum network’s growth in validators and staked ETH is a strong signal of the community’s confidence in the blockchain’s future. With a quarter of its total supply now staked, Ethereum is poised to continue its role as a foundational platform for the development and deployment of decentralized applications.
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NVIDIA and Mistral Launch NeMo 12B: A High-Performance Language Model on a Single GPU | IDOs News
![NVIDIA and Mistral Launch NeMo 12B: A High-Performance Language Model on a Single GPU | IDOs News NVIDIA and Mistral Launch NeMo 12B: A High-Performance Language Model on a Single GPU | IDOs News](https://image.blockchain.news:443/features/D8E08E86F8EDBDDCD68414CF49BDD8B1401B11A69515DFF98E6B2B03EE9CF9D7.jpg)
![NVIDIA and Mistral Launch NeMo 12B: A High-Performance Language Model on a Single GPU | IDOs News NVIDIA and Mistral Launch NeMo 12B: A High-Performance Language Model on a Single GPU | IDOs News](https://image.blockchain.news:443/features/D8E08E86F8EDBDDCD68414CF49BDD8B1401B11A69515DFF98E6B2B03EE9CF9D7.jpg)
Iris Coleman
Jul 27, 2024 05:35
NVIDIA and Mistral have developed NeMo 12B, a high-performance language model optimized to run on a single GPU, enhancing text-generation applications.
NVIDIA, in collaboration with Mistral, has unveiled the Mistral NeMo 12B, a groundbreaking language model that promises leading performance across various benchmarks. This advanced model is optimized to run on a single GPU, making it a cost-effective and efficient solution for text-generation applications, according to the NVIDIA Technical Blog.
Mistral NeMo 12B
The Mistral NeMo 12B model is a dense transformer model with 12 billion parameters, trained on a vast multilingual vocabulary of 131,000 words. It excels in a wide range of tasks, including common sense reasoning, coding, math, and multilingual chat. The model’s performance on benchmarks such as HellaSwag, Winograd, and TriviaQA highlights its superior capabilities compared to other models like Gemma 2 9B and Llama 3 8B.
Model | Context Window | HellaSwag (0-shot) | Winograd (0-shot) | NaturalQ (5-shot) | TriviaQA (5-shot) | MMLU (5-shot) | OpenBookQA (0-shot) | CommonSenseQA (0-shot) | TruthfulQA (0-shot) | MBPP (pass@1 3-shots) |
Mistral NeMo 12B | 128k | 83.5% | 76.8% | 31.2% | 73.8% | 68.0% | 60.6% | 70.4% | 50.3% | 61.8% |
Gemma 2 9B | 8k | 80.1% | 74.0% | 29.8% | 71.3% | 71.5% | 50.8% | 60.8% | 46.6% | 56.0% |
Llama 3 8B | 8k | 80.6% | 73.5% | 28.2% | 61.0% | 62.3% | 56.4% | 66.7% | 43.0% | 57.2% |
With a 128K context length, Mistral NeMo can process extensive and complex information, resulting in coherent and contextually relevant outputs. The model is trained on Mistral’s proprietary dataset, which includes a significant amount of multilingual and code data, enhancing feature learning and reducing bias.
Optimized Training and Inference
The training of Mistral NeMo is powered by NVIDIA Megatron-LM, a PyTorch-based library that provides GPU-optimized techniques and system-level innovations. This library includes core components such as attention mechanisms, transformer blocks, and distributed checkpointing, facilitating large-scale model training.
For inference, Mistral NeMo leverages TensorRT-LLM engines, which compile the model layers into optimized CUDA kernels. These engines maximize inference performance through techniques like pattern matching and fusion. The model also supports inference in FP8 precision using NVIDIA TensorRT-Model-Optimizer, making it possible to create smaller models with lower memory footprints without sacrificing accuracy.
The ability to run the Mistral NeMo model on a single GPU improves compute efficiency, reduces costs, and enhances security and privacy. This makes it suitable for various commercial applications, including document summarization, classification, multi-turn conversations, language translation, and code generation.
Deployment with NVIDIA NIM
The Mistral NeMo model is available as an NVIDIA NIM inference microservice, designed to streamline the deployment of generative AI models across NVIDIA’s accelerated infrastructure. NIM supports a wide range of generative AI models, offering high-throughput AI inference that scales with demand. Enterprises can benefit from increased token throughput, which directly translates to higher revenue.
Use Cases and Customization
The Mistral NeMo model is particularly effective as a coding copilot, providing AI-powered code suggestions, documentation, unit tests, and error fixes. The model can be fine-tuned with domain-specific data for higher accuracy, and NVIDIA offers tools for aligning the model to specific use cases.
The instruction-tuned variant of Mistral NeMo demonstrates strong performance across several benchmarks and can be customized using NVIDIA NeMo, an end-to-end platform for developing custom generative AI. NeMo supports various fine-tuning techniques such as parameter-efficient fine-tuning (PEFT), supervised fine-tuning (SFT), and reinforcement learning from human feedback (RLHF).
Getting Started
To explore the capabilities of the Mistral NeMo model, visit the Artificial Intelligence solution page. NVIDIA also offers free cloud credits to test the model at scale and build a proof of concept by connecting to the NVIDIA-hosted API endpoint.
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Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards | IDOs News
![Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards | IDOs News Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards | IDOs News](https://image.blockchain.news:443/thumbnails/159D2B5E345741A196DCFDD5CE43F19A43248A3F4CD744509D10DC4202B2AC6C.jpg)
![Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards | IDOs News Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards | IDOs News](https://image.blockchain.news:443/thumbnails/159D2B5E345741A196DCFDD5CE43F19A43248A3F4CD744509D10DC4202B2AC6C.jpg)
James Ding
Jul 26, 2024 08:57
Binance launches a promotion for FDUSD Simple Earn Flexible Products, offering up to 11.5% APR rewards for eligible users during the promotion period.
Binance, a leading cryptocurrency exchange, has launched a new promotional offer for its FDUSD Simple Earn Flexible Products. According to binance.com, eligible users can enjoy an exclusive Bonus Tiered Annual Percentage Rate (APR) of 10.5% on top of Real-Time APR rewards, bringing the total potential APR to 11.5%.
Promotion Details
The promotion period will run from July 26, 2024 (00:00 UTC) to August 8, 2024 (23:59 UTC). During this period, users who subscribe to the FDUSD Simple Earn Flexible Products on a first-come, first-served basis can benefit from the enhanced APR rewards.
Subscription and Rewards
Subscribers will start accruing Bonus Tiered APR rewards the day after their subscription, starting from 00:00 UTC. These rewards will be distributed daily between 00:00 UTC and 08:00 UTC to the user’s Spot Wallet. All users holding open positions in FDUSD Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the promotion period.
Once the promotion ends, only Real-Time APR rewards will continue. The Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to specific tier limits. Users can view their Flexible Products assets in their Binance wallets under the ‘Earn’ section.
Terms and Conditions
Binance has outlined several terms and conditions for the promotion:
- Bonus Tiered APR rewards start accruing the day after subscription.
- Rewards are distributed daily to the user’s Spot Wallet.
- Real-Time APR and Bonus Tiered APR rewards are funded by Binance’s own resources and are not affiliated with the issuer of FDUSD.
- Redemption for Flexible Products subscriptions is instant, though daily redemption limits apply and may be subject to change.
- Binance reserves the right to disqualify participants who tamper with the system or act fraudulently.
- Binance may cancel or amend the promotion at its discretion.
Additional Information
Users are advised to refer to the Binance Simple Earn Terms & Conditions before participating. Discrepancies may exist between translated and original versions of the announcement, and users should refer to the original English version for the most accurate information.
Binance’s announcement also includes a general disclaimer about the volatility of digital asset prices and the risks involved in cryptocurrency investments. Users are encouraged to make informed decisions and understand that APR is an estimate and may vary.
For more details, visit the official announcement on binance.com.
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BitMEX Announces Updates to Basket Indices | IDOs News
![BitMEX Announces Updates to Basket Indices | IDOs News BitMEX Announces Updates to Basket Indices | IDOs News](https://image.blockchain.news:443/features/FD4E65AE4911D6D058F9F81E8148894DD4D9CC7266D9EA9219EE23C88DF24654.jpg)
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Jessie A Ellis
Jul 26, 2024 09:12
BitMEX has updated the weight and index multiplier of its basket indices, impacting several key indices as of July 26, 2024.
BitMEX, a leading cryptocurrency exchange, has announced significant updates to the weight and index multiplier of its basket indices, effective as of July 26, 2024. This update impacts several key indices, including .BMEMEMEXT, according to the BitMEX Blog.
Details of the Updates
The changes took effect at 04:00:05 UTC on the specified date. These adjustments are part of BitMEX’s ongoing efforts to maintain the accuracy and reliability of its trading platform. The specific indices affected by these updates have seen alterations in their weight and index multipliers, which are critical for traders to note as these factors directly influence their trading strategies and outcomes.
Impact on Traders
For traders using these indices, it is essential to review and adjust their positions accordingly. The changes could affect the performance and risk profile of their trading strategies. BitMEX has emphasized that these updates are designed to reflect the current market conditions and improve the overall trading experience on their platform.
Compliance and Restrictions
BitMEX also reiterated its commitment to compliance with regulatory standards. The platform prohibits access to trading or holding positions for individuals or entities located in restricted jurisdictions, including the United States. BitMEX has warned that any user found to have provided false information regarding their location or residency will have their accounts closed and positions liquidated immediately.
The exchange reserves the right to update its Restricted Jurisdiction Policy and implement new controls to prevent access from these areas. Users are advised to stay informed about these policies to avoid any disruptions to their trading activities.
Advice for Traders
BitMEX has cautioned that the material posted on its blog should not be considered as investment advice or recommendations. Traders are encouraged to conduct their due diligence and consult with financial advisors before making investment decisions. The updates to the basket indices are part of BitMEX’s broader strategy to ensure a fair and transparent trading environment.
This announcement underscores the importance of staying updated with platform changes and regulatory requirements to navigate the dynamic landscape of cryptocurrency trading effectively.
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