JANCTION Launches Public Testnet for its Hotly-Anticipated L2

In a major development for the blockchain and AI industries, JANCTION has officially launched the testnet for its new Layer 2 blockchain platform. The company also announced it will begin selling GPU hosting nodes, with limited sales starting in December 2024 and general availability beginning February 14, 2025.

JANCTION Layer 2 is designed to solve two big problems in the tech world: the high cost of using GPUs (the special computer chips needed for AI) and the slow speed of blockchain networks. The platform looks to solve this by combining blockchain technology with a new way of sharing GPU resources among large numbers of users.

What Makes Janction Special?

The new platform, called "JANCTION Layer2," is built atop the Ethereum blockchain. It leverages an fundamental called Optimistic Rollup technology, which helps make transactions faster and cheaper than they would be on the main Ethereum network (other L2s also use this in order to scale the Ethereum L1).

What makes JANCTION different from other platforms is its "GPU Pool." This is a special system that lets people share powerful computer resources needed for AI and complex graphics. Instead of having to rent expensive GPU time from big companies like Amazon or Google, users can access a network of shared GPUs at lower prices.

"By decentralizing, we aim to break the monopoly of existing platforms and spark a price revolution," said JANCTION CEO Hiroshi Harada. This idea has been central to the project since its early days, dating back to when Harada helped write the Jasmy White Paper in 2018.

Working with Jasmy: An Industry Giant

JANCTION isn't working alone. The company has partnered with Jasmy, one of Japan's biggest cryptocurrency projects and ecosystems. Jasmy, which has a market value of more than $1 billion, is incubating the JANCTION project (Jasmy’s first incubated project).

This partnership means JANCTION will be able to offer better ways for people and companies to manage their data while using AI and blockchain technology.

How the GPU Sharing Works

The JANCTION platform has some clever ways to make sure GPU resources are used efficiently:

1. Time-sharing: Different users can schedule when they need the GPU
2. Partial sharing: Users can share just part of their GPU power
3. Full sharing: Multiple users can use all available GPU power when needed

This system is run by smart contracts - these contracts automatically manage who gets to use the GPUs and when. This helps keep costs down and makes sure resources are used efficiently.

What's Available in the Testnet

With the launch of its official testament, developers and companies can now try out several key features of JANCTION’s network. These include:

• Fast and cheap transactions via its use of Optimistic Rollup technology
• A testing environment for specialized smart contracts
• Trial access to the JANCTION’s GPU Pool

Users can access the testnet through the JANCTION Bridge (bridge.janction.ai) and view network activity on its testnet explorer.

Why This Matters

The launch of JANCTION Layer 2 could have big implications for several industries:

• AI Development: Smaller companies and researchers could get cheaper access to the GPU power they need for AI training
• Gaming: Video game companies could use the shared GPU resources for better graphics and virtual reality
• Content Creation: Artists and creators could get better tools for making digital content
• Data Privacy: Companies could process data more securely using blockchain technology

Ultimately, the list of sectors and parties that could stand to benefit from JANCTION’s implementation is as long as a piece of string.

What Comes Next? JANCTION’s Node Sale

JANCTION has started selling GPU hosting nodes, which are special computers that help run the network. These sales will happen in two phases:

• Limited sales beginning in late December 2024
• General sales starting February 14, 2025

Companies and individuals interested in buying nodes can visit janction.io/genesis/dashboard or email [email protected] for more information.

Takeaway

The launch of JANCTION's testnet marks an important step forward in making both AI and blockchain technology more accessible to everyone. By combining faster blockchain transactions with shared GPU resources, JANCTION is working to create a future where advanced computing power isn't just for big tech companies and can be accessed and used by anyone, in an efficient way.