Chainbase Network: A Blockchain Data Infrastructure for AI and Web3

In today’s era of artificial intelligence, blockchain data is becoming an essential public resource, critical for achieving a consensus-driven society. However, the growth of numerous chains has led to fragmentation, making it challenging to fully utilize the potential of public data. The absence of standardized protocols further adds to this inefficiency.

Chainbase addresses this problem by providing a decentralized Layer 1 infrastructure focused on data interoperability across blockchain networks. By removing these barriers, Chainbase maximizes the usability of blockchain data.

Chainbase is the world’s largest omnichain data network, designed to bring blockchain data together in a unified ecosystem. It offers a transparent and open layer for data sharing, which is crucial for the AI era. Its innovative dual-chain architecture ensures efficient data handling, better security, and high performance. Chainbase’s mission is to make data easily accessible and valuable, helping people make the most of the open internet era.

The Chainbase Network is supported by Operators, Validators, Developers, and Delegators, who work together to provide data to Web3 applications, which consumers then use.

Developers are both contributors and users of the network’s data. They create manuscripts and publish them to earn rewards, and when they build decentralized apps, they query the network’s data. Developers can use the chainbase-sdk for local manuscript development and test their work in a sandbox environment to ensure it functions correctly. Once everything is validated, they can publish manuscripts on-chain, making them available for use.

Operators keep the network running smoothly by providing the necessary computational resources. They handle data processing tasks and earn rewards based on their workload. Becoming an Operator involves registering on the Holesky testnet or the mainnet through the Eigenlayer smart contract.

Validators ensure the network’s security and reliability by confirming transactions and keeping data accurate. They use an efficient consensus model where voting weight depends on the amount of $C data staked. Validators are crucial in keeping the network stable and secure.

Delegators help strengthen the network’s economic security by staking tokens to support Validators and Operators. The staking model allows them to use $ETH (or LST) and $C tokens to contribute to the network’s stability.

Chainbase unlocks a wide range of applications:

1. Wallet: Enables wallets to manage and view assets on multiple blockchains from a single interface, improving user convenience.
2. Security: Tracks attacks, provides security alerts, and performs in-depth security analysis to protect the blockchain network.
3. AI: Facilitates the deployment of AI models that use data from multiple blockchains, enhancing accuracy and decentralization.
4. Social: Builds social platforms where users from different blockchains can interact and share content seamlessly.
5. Infrastructure: Provides a robust infrastructure for building applications that utilize data from multiple blockchains.
6. DeFi: Enables DeFi platforms to support lending and borrowing across different blockchains, increasing liquidity and flexibility.

$C is the native token that powers Chainbase’s decentralized data network. It is used to facilitate different activities, making sure the system runs smoothly and incentivizing participants. $C acts as a utility token, connecting data providers and consumers seamlessly.

Data developers pay fees in $C to process and query datasets, ensuring that Operators and Developers are rewarded fairly. The distribution model is designed to prioritize high-quality data services, with 80% of fees going to Operators and Delegators, 15% to Developers, and 5% burned to support token value. Additionally, part of the $C token supply is reserved for Operator incentives over six years. Block rewards are also allocated to support Validators, ensuring network stability.

Operators maintain computing resources and handle data queries. They earn 80% of data query fees and receive additional incentives from the operator pool. Validators confirm transactions and keep the network secure, earning block rewards for their efforts. Data developers contribute manuscripts for data processing and earn 15% of data query fees. Delegators stake tokens to support Validators and Operators and share in their rewards.

Chainbase has designed its economic model for long-term stability. To prevent inflation, token issuance is capped at 3% annually. The network also uses controlled distribution of new tokens to maintain security. The utility of $C tokens is broad, including paying query fees and staking, which keeps demand steady. Query fees can be adjusted based on network activity to ensure a balanced economic system. By staking tokens, participants are aligned with the network’s goals, and high-performing members are rewarded to encourage continuous improvement.

Through these carefully designed systems, Chainbase aims to create a balanced and secure data ecosystem, encouraging innovation and providing reliable support for AI and crypto applications.

Since its inception in 2019 as a validator, 01node has significantly expanded its capabilities, evolving into various roles including network operators and RPC providers, among others. We currently serve as operators for ChainBase.

Our contribution to the network is vital; we supply the necessary computational resources for the execution layer, ensuring efficient data processing and seamless operations. Operators are compensated similarly to proof-of-work systems, where increased workloads necessitate more robust hardware.

To become an operator in the network, you must first register on either the Holesky testnet or the mainnet of the Eigenlayer smart contract. This process involves linking your Ethereum public key with the Eigenlayer smart contract. For detailed instructions, please visit Eigenlayer.