Lightchain AI announces online testing and completes $15 million financing

According to Bitcoin.com, the blockchain project Lightchain AI has announced the official launch of its testnet and has raised $15 million in funding. The main technological innovations of this project include the Proof of Intelligence (PoI) consensus mechanism and the AI Virtual Machine (AIVM). Among them, the PoI consensus mechanism is implemented by rewarding nodes to solve AI computing problems, while AIVM provides developers with a toolkit for building AI applications on the blockchain. The project is currently in the final pre-sale stage, and the financing obtained will be used for technology development, infrastructure expansion, and talent recruitment. Lightchain AI plans to launch its mainnet in 2025 and will focus on developing enterprise level decentralized AI solutions in the future.