Network3 uses a decentralized approach to meet the growing computational demands of AI, offering a secure and scalable solution for developers and users.

Data drives the digital age, with AI leading the charge. Generative AI models like GPT-3 have revolutionized industries, but come with steep computational demands and costs. Network3 was created to address these challenges by decentralizing AI’s computational needs.

This article introduces Network3 and its vision of creating an efficient, sustainable and distributed machine-learning ecosystem.

 is a decentralized protocol designed to enable secure, anonymous and reliable data transmission and computation, making it easier to train and run AI models efficiently. It combines advanced AI and 

 to address the growing computational needs of AI and blockchain applications, while also boosting scalability and security in 

Network3 was founded by Rock Zhang, a seasoned entrepreneur and technology visionary with deep expertise in internet and AI infrastructure. Having played key roles in building companies like Boostinsider, iHealth Labs and Qihoo 360, Zhang brings a wealth of experience to this ambitious project. Network3 is designed to be a dedicated 

 for artificial intelligence, empowering developers to train and optimize AI models efficiently on a decentralized network.

The idea for Network3 emerged from the urgent need for scalable and privacy-first AI solutions. Traditional cloud providers often come with limitations, such as high costs and 

, as well as privacy concerns. Network3 tackles these issues head-on by linking devices worldwide into a distributed system. This decentralized approach reduces dependence on centralized cloud platforms, making AI more accessible and resource-efficient.

Distributing AI tasks across multiple devices allows Network3 to lower latency and strengthen user privacy, addressing critical challenges in today’s AI landscape. The project’s bold vision has attracted significant support, with $5.5 million in funding from major investors like Borderless Capital and Bing Ventures.

Decentralized networks face a critical challenge: the lack of reliable and secure data transmission. This limitation affects the performance and trustworthiness of blockchain ecosystems, leading to unreliable transaction exchanges, vulnerabilities in communication and a subpar user experience. As web3 continues to expand, existing 

 (DApps), but they fall short in providing a scalable and secure protocol for data exchange.

Network3 tackles this issue by developing a decentralized data transmission protocol designed to enhance the scalability and security of Layer 1 blockchains. The protocol strengthens the reliability of blockchain ecosystems by creating a framework that ensures efficient and secure data exchange. 

Network3 integrates several advanced features, such as an anonymous certificateless signcryption (CLSC) algorithm, a data correctness verification mechanism and an IP anti-tracking measure. These innovations support smoother transactions, enhance user privacy and improve system scalability, contributing to a more robust web3 experience. Network3’s efforts bridge a critical gap, making decentralized systems more efficient, secure and prepared for the future.

Network3’s decentralized protocol is designed to provide secure, anonymous and reliable data transmission and computation. By leveraging a network of distributed 

, Network3 ensures data privacy and enhances computational efficiency, making it ideal for modern AI and blockchain applications.

At the heart of Network3 lies the CLSC algorithm, which enables both encryption and digital signatures without relying on traditional certificates. This innovative approach ensures secure data sharing while safeguarding user anonymity. Additionally, a specialized smart contract, SCKGC, manages the generation of public parameters and the distribution of partial private keys, creating a secure foundation for communication.

Network3 integrates advanced features to create a scalable, efficient platform that meets the growing needs of AI and blockchain technologies, while prioritizing the following security, privacy and user incentives:

Network3 has achieved remarkable milestones since its inception, solidifying its position in the decentralized computing and AI landscape:

Looking ahead, Network3 aims to achieve several objectives in the near future:

N3 is the native token of Network3. It powers the ecosystem by enabling seamless transactions and incentivizing active participation, and is used for paying transaction fees, rewarding node operators for their contributions and unlocking premium services within the network.

The tokenomics of N3 are designed to foster long-term growth and sustainability, with a total supply capped at 1 billion tokens. Distribution is structured as follows:

Looking to trade Network3 tokens? Bybit now offers the N3/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

N3 appears to be a promising investment opportunity, particularly for those interested in the growing intersection of decentralized computing and AI with blockchain technologies. The project has already secured significant funding from prominent investors, demonstrating confidence in its long-term potential. In addition, Network3’s innovative approach to decentralized data transmission and computation, combined with its robust security measures, positions it to address key challenges in the AI and web3 spaces. 

The platform's scalability, along with its incentivized node participation, makes it an attractive proposition for developers and users alike, ensuring the ecosystem's growth and sustainability.

However, as with any emerging project, N3 carries inherent risks, particularly in the 

. While the platform’s tokenomics and strong infrastructure provide a solid foundation, the success of the N3 token is closely tied to the adoption and real-world application of Network3’s technology. Thus, while N3 offers significant upside potential, prospective investors must carefully consider the risks involved.

Network3 is a decentralized platform built to tackle the increasing demands of AI and blockchain technology. By connecting devices worldwide, it offers a more secure, scalable and privacy-focused way to run AI applications. 

With a strong network of nodes and substantial investor backing, Network3 aims to revolutionize the way AI and blockchain work together. The N3 token fuels the ecosystem, rewarding participants and helping to grow the platform. While the project shows promise, it’s important to note the inherent risks of investing in the fast-changing web3 blockchain space.

Intermediate

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Network3 (N3): Fueling AI Innovation With Decentralized Power

Abstract, a consumer-centric blockchain leveraging ZKsync's zero-knowledge stack and Celestia's architecture, has officially launched its mainnet to drive mass adoption. 

Daily Top Performer — AI Rig Complex (ARC)

The S&P 500 declined by 1.46% yesterday due to rising AI competitions concerns from Chinese startup. Gold fell to $2742 as investors favoured fixed income and defensive equities instead of bullion following a recalibration of future returns for the heavyweight US tech output. Coindesk Indices, was down by 1.92%, with Bitcoin and Ether dropping by 0.72% and 2.06%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ARC, which surged 30.6% following ARC’s recent 

AI Rig Complex (ARC), founded in 2024, is an advanced AI agent framework built with Rust, designed to enhance human-computer interactions by integrating large language models (LLMs) for intuitive, context-aware applications. With its modular and scalable architecture, ARC enables seamless development of next-generation AI workflows, such as retrieval-augmented generation (RAG) and multi-agent systems, while leveraging Rig Framework's high-performance API. Recently, ARC tokens have surged in market performance, and its cutting-edge platform positions it as a leader in AI and web3 innovation.

Check Out the Latest Prices, Charts, and Data of 

Abstract, a consumer-centric blockchain leveraging ZKsync's zero-knowledge stack and Celestia's architecture, has officially launched its 

 to drive mass adoption. The platform is designed to eliminate barriers and simplify onboarding for users transitioning to Web3. With The Portal, a "digital theme park of fun," Abstract provides a seamless entry into the Web3 ecosystem, enabling users to access multiple decentralized applications and projects with just their email address. By integrating ZKsync and Celestia, the network enhances security, speeds up transactions, and brings Web2-level ease of use to blockchain technology.

Yesterday, BTC Spot ETFs experienced total outflows of $164.3 million, comprising $108.5 million from GBTC and $55.8 million from non-GBTC funds.

As Abstract doesn’t yet have its own token, users who interact with its 

 may qualify for a potential airdrop if a token is launched. Stay updated on potential airdrops and developments by following their social channels and newsletter.

Beginner

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Abstract Launches Mainnet to Simplify Web3 Adoption with ZKsync and Celestia Integration

Explore our article to find out how you can complete bbSOL Golden Maxi Rewards tasks to win rewards worth over $700,000 in SONIC, SSI, J and ALCH airdrops!

Lunar New Year is just around the corner, and Bybit is turning up the excitement with its bbSOL Golden Maxi Rewards campaign! This festive event offers users a chance to stake SOL, earn bbSOL and complete fun tasks to unlock Red Packet rewards worth over $700,000 in SONIC, SSI, J and ALCH airdrops.

Not sure where to start? No worries — we’ll walk you through everything, from explaining what bbSOL is to showing you how to complete tasks and maximize your rewards.

 token provided by Bybit when you stake SOL on Bybit’s platform. Instead of locking up your SOL and waiting for staking rewards, you receive bbSOL in return, which you can use for DeFi, trading or lending while still earning staking rewards.

How to Participate in bbSOL Golden Maxi Rewards

button at the top right corner of the page to connect your 

If you don’t already have a Bybit Web3 Seed Phrase Wallet, you can create one by downloading the Bybit Wallet Extension and clicking on 

Create Your Bybit Web3 Seed Phrase Wallet

to successfully connect your Bybit Web3 Seed Phrase Wallet

: Complete all tasks. Please note that you only need to complete the staking task once. Once you’re done, simply click on the corresponding 

: On the bbSOL Golden Maxi Rewards Bybit Web3 Airdrop Arcade campaign page, scroll down to the segment under 

task, and you’ll be redirected to the bbSOL landing page.

: Stake at least 0.5 SOL to obtain bbSOL. Then, click on 

: Refresh the page, and the staking task should be marked as completed.

: For the last task, read the campaign’s T&Cs in order to understand the Red Packet Rewards! 

task, and you’ll be redirected to the bbSOL landing page. If you’ve already completed the staking task previously for Sonic, simply refresh the page or click on the 

button, and this task should be marked as completed.

task, and you’ll be redirected to SoSoValue’s official website. 

: On the bbSOL Golden Maxi Rewards Bybit Web3 Airdrop Arcade campaign page, scroll down to the segment under Jambo. Click on the 

task, and you’ll be redirected to the bbSOL landing page. If you’ve already completed the staking task previously for either Sonic or SoSoValue, simply refresh the page or click on the 

 task, and you’ll be redirected to the page to complete the last task.

: On the bbSOL Golden Maxi Rewards Bybit Web3 Airdrop Arcade campaign page, scroll down to the segment under Alchemist AI. Click on the 

task, and you’ll be redirected to the bbSOL landing page. If you’ve already completed the staking task previously for either Sonic, SoSoValue or Jambo, simply refresh the page or click on the 

The bbSOL Golden Maxi Rewards campaign is a great way to make the most of your SOL while celebrating the Lunar New Year. By simply staking SOL, you’ll unlock the chance to earn airdrops from top projects like Sonic, Jambo, SoSoValue and Alchemist AI.

If you haven’t jumped in yet, now’s the time. Stake, complete tasks and claim your share of the $700,000 prize pool before the event ends. Don’t miss out — get started today!

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How to Complete bbSOL Golden Maxi Rewards Tasks for Bybit Web3 Airdrop Arcade

In this article, we'll go through how you can use bbSOL on Jito Re(staking).

 with Jito (Re)staking, now actively supported by P2P.org through the introduction of the rstSOL vault. This guide explains how 

 (bbSOL) holders can benefit from this collaboration, enhancing both liquidity and rewards within the Solana ecosystem.

Jito (Re)staking, a protocol within the Solana network, focuses on multi-asset staking that optimizes capital efficiency through a unique tokenization process. 

, Jito (Re)staking allows participants to retain liquidity while their assets earn staking rewards. Jito’s platform is renowned for its secure, transparent operations and a commitment to boosting the Solana ecosystem’s overall performance. 

P2P.org has launched the rstSOL vault as part of the Jito (Re)staking ecosystem, enabling users to restake their bbSOL. On Jan 30, 2025, the rstSOL vault will support its first 

 tip distribution and enhancing the transparency of network rewards.

The launch of the rstSOL vault marks the start of real-time reward generation for participants, coinciding with the TipRouter launch to ensure immediate benefits for stakers. Initially, the rstSOL vault will exclusively support TipRouter, with plans to expand to include other NCNs like Squads, Switchboard and Sonic in the future.

Through a strategic partnership with Bybit, the rstSOL vault will only accept bbSOL, Bybit's liquid staking token for Solana. This exclusive arrangement allows bbSOL holders to actively engage in the Jito (Re)staking ecosystem, thereby enhancing both the liquidity and efficiency of their staking activities. With an impressive $146.5 million already restaked across Jito’s vaults, such as kySOL, ezSOL, bzSOL and fragSOL, the ecosystem is experiencing robust growth. The addition of the rstSOL vault is poised to further accelerate this momentum and expand the capabilities of restaking on Solana.

As a key player in supporting the Jito NCN ecosystem, starting with the TipRouter, P2P.org is instrumental in pushing the boundaries of what restaking can achieve on the Solana blockchain. 

: If you don’t already have bbSOL, you’ll first need to obtain it by staking your SOL on 

Alternatively, you can do so through Jupiter or the Phantom Wallet.

 and approve the connection by clicking on 

: Once you’ve connected your Bybit Wallet, ensure that you’re on the 

tab by clicking on the drop-down menu on the left side of the page.

: Enter the amount of bbSOL you want to restake, and the amount of rstSOL you’ll receive in return will be calculated automatically.

: Verify the details of the transaction, and click on 

Congratulations! You’ve successfully restaked your bbSOL into the rstSOL vault! You can keep track of your rewards and track your rstSOL through the Jito Dashboard. You can also add more bbSOL to the rstSOL vault or withdraw your bbSOL, as needed.

Jito (Re)staking provides bbSOL holders with a unique opportunity to enhance the utility and rewards of their staked assets within the Solana ecosystem. Through the operational expertise of P2P.org and the innovative staking solutions from Jito, users are equipped to maximize their contributions to Solana’s decentralization and enjoy substantial returns on their investments.

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How to Use bbSOL on Jito (Re)staking

Bybit Learn

Trading

Bid-ask spread or slippage is one of the basic terms you should know when trading crypto. Learn the fundamentals & trade wisely.

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Negative slippage can cut into your trading profits and separate newbies from experienced traders. With the right strategy, you can minimize slippage and its adverse effects. But first, you must understand the fundamentals of the bid-ask spread, slippage, and related concepts.

In this guide, you’ll learn about the bid-ask spread and slippage, and how to handle their impact.

How Does Bid-Ask Spread Affect Market Liquidity?

Liquidity measures how easily a cryptocurrency can be bought or sold in the market without significantly affecting its market value. A coin or token with strong liquidity will have many sellers and buyers, and a relatively deep order book waiting for orders.

This abundance of buyers and sellers narrows the bid-ask spread. As a result, the bid-ask spread is a good measure of liquidity. The smaller the bid-ask spread, the stronger the liquidity of the cryptocurrency asset. Likewise, with lower liquidity comes more potential for significant price swings and slippage.

A ledger that displays all buy and sell instructions (orders) from the market. The order book shows the current market or order depth.

To execute a trade, bids, and asks are paired up as soon as their requirements are fulfilled. There are two main types of orders:

 The total number of limit orders on the order book ledger. Order depth can be calculated by adding up the volume of limit orders placed. 

For example, the order depth in the image below shows in real-time the number of buyers and sellers with orders awaiting execution in the order book. 

Under the “Price” column, the prices in red are the selling prices, and the prices in green are the buying prices.

The “Quantity” column shows the number of units at the stipulated price, while the “Total” column represents the corresponding accumulated number of contracts.

In this illustration, the current best ask price is “Sell” $31,985.50, and the best bid price is “Bid” $31,985.00. In order for Bitcoin to go up to $31,986.00, buyers must take up all of the 2,806,583 contracts at $31,985.50.

The greater the depth of an order book, the better its liquidity. A deep market offers the ability to maintain prices when executing large transactions. Greater order depth also means a lower chance of price manipulation.

The difference between the expected price of a trade and the actual price at which it executes. There might not be enough interest or volume to fulfill an order at the expected price, especially when executing large orders.

When this happens, a part of the order can be filled at the next available price. Slippage also occurs in times of high market volatility. At such times, the bid-ask spread may change between the time a trader places a market order and the time the market maker or exchange executes the order. Slippage is then negatively correlated with liquidity. Liquidity and slippage have an inverse relationship: when liquidity is high, slippage is low, and with low liquidity, slippage is high.

How Does Liquidity Affect Traders and Exchanges?

Poor liquidity leads to price instability for an asset, which means that slippage and price manipulations are likely to increase. Lower liquidity also means longer waiting times, which could adversely affect traders and broker liquidity providers, especially during a market swing. A good trader understands how liquidity impacts their transactions and develops strategies for picking assets with suitable liquidity.

The bid-ask spread is an important trading concept to understand. Here’s how it works. 

The bid price is the price that a trader is willing to pay for an asset. When you place a buy order, you bid for the asset. Meanwhile, the ask price is the sale price of a crypto asset that will seal the deal.

The bid-ask spread is the difference between the lowest price a seller is willing to accept (the ask price) and the highest price a buyer is willing to pay (the bid price). In markets, the spread results from the difference between buyers’ and sellers’ limit orders. These orders show up as bids and asks in an order book.

The Bid-Ask Spread Percentage Calculation

Comparing the bid-ask spread of different crypto assets is best done using percentages. The formula for the bid-ask percentage calculation is simple: 

Bid Ask Spread Percentage = [(Ask Price − Bid Price) ÷ Ask Price] × 100

For instance, a coin trading at $3.95/$4.05 means the bid price is $3.95, and the ask price is $4.05. You can calculate the bid-ask spread percentage using the given formula: 

[(4.05 − 3.95) ÷ 4.05] × 100 = 2.5% (rounded up to the nearest tenth)

The smaller the bid-ask spread percentage of a crypto asset, the more liquid it tends to be. If you're executing substantial market orders, you'll have a lower risk of paying an unexpected price. This means your slippage is minimal. 

Slippage happens when you create a market order, and an exchange matches your buy or sell request with the limit orders in the order book. The order book will try to fill your order at the best price. However, if there is an insufficient volume at your desired price, the order book will go up the order chain to the next best price. In the end, your order may execute at a less desirable price than expected.

If you want to quickly buy 1,000 units of an asset currently trading at $100 but the market doesn't have enough liquidity to execute your order, your execution price will be different. You'll have to take the orders above your bid price of $100 until your order is completed. This will make your average purchase price higher than the intended $100. 

Slippage can be common in decentralized exchanges, especially without dedicated 

. It's more likely to occur in high volatility, low liquidity markets. 

Slippage isn't always bad for business. Positive slippage occurs when you place a buy order and the asset price decreases. That is, the final execution price is lower than expected for your buy market order. Similar positive slippage occurs when you make a sell order and the price increases. If the final execution price is better than the expected one, your positive slippage actually results in a more favorable trade for you.

Negative slippage is a major concern for any trader. If the price of an asset increases after placing a buy order, or reduces after you enter a sell order, you may face negative slippage.

Slippage is inevitable during fast-paced trading when you’re trying to execute orders quickly. However, you can minimize negative slippage by: 

Trading in cryptocurrencies can be highly profitable, but it carries risks. Aside from the inherent market volatility, there is also the potential for trading losses from the bid-ask spread and slippage. While you can't always avoid these trading costs, it pays to factor them in while making trade decisions. This is especially true for larger volume trades, where the average price per cryptocurrency might end up higher or lower than expected.

Financial markets are structured to provide traders with as many trading options as possible, but market participants still determine whether slippage occurs, as well as its ultimate impact. Informed traders pay keen attention to liquidity constraints to maximize trading profits. 

Explained: What Is The Bid-Ask Spread and Slippage?

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