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

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DeepBrain Chain
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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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crypto billionaire
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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