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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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