What is Numeraire Crypto Currency?A brief description of Numeraire.
Numerai is a new kind of hedge fund. We transform and regularize financial data into machine learning problems for our global network of data scientists. Numerai is not a search for the ‘best’ model; it is a platform to synthesize many different, uncorrelated models with many different characteristics. Our data scientists compete on the leaderboard, but models are ranked and rewarded based on their contribution to the meta model. A trustless relationship exists between Numerai and our data scientists, facilitated by encryption and anonymity. Data scientists do not need to tell us who they are, and receive payments in Bitcoin.
The purpose of Numeraire
Crowsourcing data sceince, artificial intelligence hedge fund, only a fraction of the world’s data scientists have access to hedge fund data for stockmarkets. Numerai is changing this, Numerai abstracts its financial data, data scientists do not know what the data represents and human biases and overfitting are overcome.
Machine learning competitions are susceptible to intentional overfitting. Numerai proposes Numeraire, a new cryptographic token that can be used in a novel auction mechanism to make overfitting economically irrational. The auction mechanism leads to equilibrium bidding behavior that reveals rational data scientists’ confi- dence in their models’ ability to perform well on new data. The auction mechanism also yields natural arguments for the economic value of a Numeraire token.
More information can be found in the Numeraire whitepaper https://numer.ai/whitepaper.pdf
Other Numeraire facts
- Trading symbol: NMR
- Governance: Centralized > Hierarchical
- Open source: Yes
- Product status: Unknown
- Consensus method: Proof of stake
- Emmission rate: Unfortunately we don’t have this data available.
- Transactions per second: Unfortunately we don’t have this data available.
- Total Supply: 21,000,000.00
- Release date: Unfortunately we don’t have this data available.
Usefull Numeraire links
- Numeraire’s Website
- Numeraire pricing data & fundamental Numeraire information
- Numeraire’s Website
- Numeraire official blog
- Numeraire’s Bitcointalk Forum
- Numeraire’s Reddit Forum
- Numeraire’s block explorer
- Numeraire’s Alexa site stats
- Numeraire’s official forum: Unfortunately we don’t have this data available.
- Numeraire’s Github code repository:
- Numeraire’s roadmap:
Unfortunately we don’t have this data available.
- Numeraire’s team page: https://angel.co/numerai/jobs
- Numeraire’s whitepaper: https://numer.ai/whitepaper.pdf