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DeepBrain Chain (DBC) Announces Skynet Activation: Main Net Incoming

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DeepBrain Chain

DeepBrain Chain is known as one of the digital assets with a strong focus on Artificial Intelligence, which makes it an integral part of the general development of blockchain technology. Although ranked below the top 100 best currencies while holding the 125th spot, DBC is still working on paving its way towards progressing in the market of AI and blockchain technology.

The DBC team announced the Skynet project several days ago, presenting the project as a base for their upcoming main net. This is needless to say the biggest change that DeepBrain Chain has initiated.

DeepBrain Chain Announces Skynet Project

If you are a fan of the movie Terminator, you might remember Skynet as an ominous thing, however, DBC team has announced several days ago in an official press provided in San Francisco that they will be activating the project they have announced as Skynet “recruiting AI computing power” from around the world.

The CEO of DeepBrain Chain has gone forward on June 19th, with announcing that the DBC team will be activating Skynet project, stating that Skynet will lead to the next stage of their development, the launching of DeepBrain Chain.

Although dropping due to the latest trend in an already sluggish market, DeepBrain Chain is seen on June 22nd as it is dropping by over -15% against the dollar at the time of this writing, showing that sometime even great news can’t pull you out of a stubborn market trend.

The team DBC has also stated in their official release that their team R&D have “successfully run 3 different AI training models”, which occurred on June 3rd, as tested on their own test net for the first time.

That is how the DeepBrain Chain team went on with recruiting computing power for AI around the globe in order to create a functional ecosystem of end users that would be able to assist in the testing of the DBC test net, prior to having the main net launched.

The DBC team also added that it is pretty important to note that DeepBrain Chain is aiming at making AI computing g power less expensive, while adding that although there are more than several artificial Intelligence computing platforms, they are all too far away from the reach of small-sized and medium-sized enterprises that are dealing with AI operations.

The team further added that DeepBrain Chain could reduce the costs of AI computing power for small enterprises that spent around 30% of their budget on AI computing resources, to the amazing 70%.

That is how Skynet computing AI makes up for a crucial part of the development of DeepBrain Chain’s own main net.

DeepBrain Chain and the Test Net: What is Skynet?

Skynet represents a pretty bold move that was initiated by DBC as a project that aims at revolutionizing the industry of distributing and collecting AI computing power while having the goal of democratizing the way small and medium-sized AI-based companies are getting their needed share of AI computing power.

Skynet thus makes up for an AI recruiting computing power project that will consequently lead DBC to their own main net.

In the meanwhile, Skynet will be aiming at collecting computing power as well as working with test net prior to the launching of the main net that was marked as incoming.

Although the team has already tested their test net internally, marking the testing as successful as they have managed to successfully run 3 models in the terms of machine learning, DeepBrain Chain will be activating Skynet in order to bring the testing to the global level where many testers will be sharing their computing power in order to get the most out of the DBC test net.

DeepBrain Chain also stresses out the fact that the services of AI that are to become available on their main net after the testing of the test net and the successful recruitment of AI computing power with Skynet, should allow users not only to reduce the cost of AI computing power for their projects but also to extract numerous benefits, which also includes maximal data security and the increased accessibility of AI resources for small and medium-sized enterprises.

DeepBrain Chain (DBC) Performance

While adopting the latest market trend, DBC is seen dropping by nearly -16% against the dollar on June 22nd.

That being said, the 125th coin in accordance with the global coin ranking list, can be traded at the price of 0.045$ per one unit.

DeepBrain Chain made its all-time high of around 0.63$ back at the beginning of 2018, however, DBC never got back to its record price while losing over 50% of its value in the course of the last two months.

The launching of the main net could potentially bring DBC closer to its all-time high, although that still looks impossible with the latest drop over -15.86% in the course of the last 24 hours.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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