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DeepBrain Chain (DBC): The First AI Blockchain Platform

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DeepBrain Chain
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You have surely heard of DeepBrain Chain in case you are faithfully following up with crypto technology and artificial intelligence. In case you haven’t heard of DBC, you should know that this platform is the first Artificial Intelligence computing platform collided with blockchain technology. In the spirit of revealing more about this currency as well as to find out how well DBC is doing on the market, we are analyzing DeepBrain Chain and its AI platform.

What exactly DeepBrain Chain is?

Besides from having a neat rhyme in its title (NOTE: joking with irrelevancy of noted information!), DeepBrain Chain represents the first AI blockchain platform ever to be created. The DeepBrain Chain network is built upon NEO platform – one of the largest blockchain platforms in the world of cryptocurrencies after Ethereum. So, we can smell a huge story there already at the beginning.

The main idea behind DBC network is to help start-up companies that are inspired by Artificial Intelligence and everything related to this wonder of the New Age, to easily fund their project. The only condition a start-up must meet is to be interested in developing and implementing practical Artificial Intelligence products, services, and systems.

Since Artificial Intelligence programs and projects demand massive amounts of power, DBC network has come up with the idea to create a decentralized blockchain platform that would provide these start-ups with the needed energy by powering up the blockchain with a large network of computers. In this case, the computers being used for powering up this network belong to members of DeepBrain Chain that are keeping their computers running so the information related to AI and the start-ups could be easily “crunched” without compromising the system.

To make this power-sharing meaningful both for the start-ups that are using the energy and for the members providing the power, all DBC users that are a part of this computer network are being rewarded for their contributions. So, that is how DBC members are enabled to earn their DBC tokens simply by sharing their computers with the network, at the same time contributing to the “greater good” across the community.

Once the providers get their DBC tokens, they can sell them, use them or store them just as they would if the tokens were bought. So, there’s a neat way for earning some tokens for anyone interested.

How well is DeepBrain Chain doing at the current moment?

Given the fact that DeepBrain Chain entered 2018 with high hopes, the beginning of the current year wasn’t easy in this currency.

Only 30 days ago, DBC was down for over -50% and three months ago this token was traded as non-existent with the value of 0.00$ per one unit. On the bright side of the story, DBC did get a portion of the expected rise in 2018 as this currency jumped for over 15% against the dollar a couple of days ago. The rise was noted in volume, and the jump was surely seen as a positive change unseen in a long time for DBC.

But, then we had another drop today on February 16th, only a couple of days after the initial rise. The drop was marked within a 24h period, and it totaled a fall of -6.41%.

That means that DeepBrain Chain tokens are currently being traded at 0.1198$ per one unit, which is DeepBrain Chain’s all-time high within the past 200 days.

That being said, it seems that even after the most recent drop DBC has gone through, this token is doing pretty well in oppose to the previous state of its price.

The total market capitalization of this coin is 107 million dollars, which is a huge deal given the fact that this currency is still very young when compared to a mass of other coins and tokens.

DeepBrain Chain was launched in November 2017, so you need to take in mind that this currency is still very young, so having a value of 0.1198$ is a great step towards what is expected from DBC.

How well will DeepBrain Chain be doing in 2018?

After trading as non-existent only 100 days ago and with having a huge downfall just 30 days ago, 2018 finally started as planned for DeepBrain Chain, having this token traded at o.1198$ per one unit.

Since DeepBrain Chain is unique in the world of cryptocurrencies, related to Artificial Intelligence, you can say that there is huge investment potential in this network. If you add the fact that DBC is also operating on one of the largest blockchain platforms, like Neo, high hopes for this token are entirely and realistically justified.

If you also believe that DeepBrain Chain is destined to make a massive success by the end of the year, the time for investing in this network has never been better as you can still make bulk investments as the price is still reasonably low.

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.

Image courtesy of coinmarketcap.com

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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