DEEP BRAIN CHAIN (DBC)
DBC is trying to build a blockchain based neural network training platform to connect the computers across the planet. The token running on the platform will be called DeepbrainCoin and will be utilising the smart contracts of the NEO platform. The project is designed to improve the functionalities of the smart contract with the help of a decentralised AI driven network.
The goal of Deep Brain Chain is to provide a more efficient and cost-effective way forward for AI development. Every computer supplying computational power to the worldwide decentralized network will be rewarded with DBC coins as a currency of compensation. Such a high level of computational power nature with thousands of computers, will also assist to develop highly scalable neural networks at low cost. This will reduce the difficulty faced by many companies with AI use cases for implementing the technology, spurring adoption of AI is an add-on. The team is led by Fend He, the developer of China’s first voice assistant. The project has got enormous potential to grow with the leveraging of the two most hyped technologies in the world.
Elastos is one of the first internet operating systems which will be using blockchain technology to verify the identities of users, applications, and machines. The operating system will be running on the Raspberry Pi operating system, on Internet of Things devices and on mobile devices. The project has three separate repositories for each of the segments which are namely Elastos.OS, Elastos.RT and Elastos.NET. The use of blockchain will remove the elongated schedules carried out by intermediaries and make the internet ecosystem much more automated and secure. The company raised $94 million in its funding rounds. The blockchain network of Elastos is designed to support the main chain with each DApp getting authorisation of its own sidechain. The team is based in China and has been working closely with NEO and Bitmain, forming the “G3 of China”. The project is designed to give users complete ownership and control of their digital assets which brings in direct competition to giants such as EOS and Ethereum.
Nebulas has been in the spotlight of a number of investors since its mainnet launch at the end of March. Nebulas is a self-evolving blockchain platform that functions as a search engine for blockchains as well as means of production of DApps. The platform incentivises the development of DApps and smart contracts to facilitate contributions to the network. Based in Singapore, the project was founded in 2017 by Hitters Xu who formerly worked in Google’s Search and Anti-fraud team. The core of Nebulas’ architecture is Nebulas Rank, a ranking algorithm that ranks different blockchain entities such as DApps, smart contracts, addresses, and many more. After its developmental phase in Q1 2018, the company has gone live online with its Mainnet 1.0. The company’s long-term goals include enhancing the platform’s scalability to support heavy loads of transactions, creating subchain support and zero-knowledge proof integration.
Ark aims to push the adoption of blockchain technology by making a platform where businesses and users can build their own blockchains. The project comprises of Smart Bridges which separate blockchain platforms from Ark core platform, alternate programming languages to make blockchain development for various developers comfortable, and push-button deployable blockchains to easily fork Ark and create projects. Ark is operating on a Delegate Proof of Stake consensus algorithm. The company was launched in 2016 with a team of 27 spread across the world. They released the test net version of Ark in December 2016, the first version of the main net in March 2017, and launched the second version of the main net in November 2018. The roadmap still has a payment plugin, push button blockchains, and the Ark virtual machine to be launched in the future. Ark is in direct competition with Lisk, Wanchain, ICON and Bitshares. However, the use of Smart Bridges is what differentiates Ark with other blockchain platforms.
Ravencoin’s objective is clear and simple – creating and transferring digital assets on a blockchain platform. The project was developed from an open-source fork of the original Bitcoin code with a specialised use case. Its x16r algorithm is being crafted specifically to combat top-heavy mining pools and ASIC mining equipment. Ravencoin didn’t hold an initial coin offering (ICO) and doesn’t keep any RVN in a founders’ pool. The team is based in the USA. Users and businesses are allowed to create their own tokens at the expense of some of their RVN coins. Ravencoin has also built active communication layers above their token-based system to allow the transaction participants interact and communicate securely and privately. The project which comes closest to compete with Ravencoin is Bytom. Ravencoin is an open source project and is currently working without a delegated team. One of the Board Members has worked for Bill and Melinda Gates Foundation and founded Dubai’s Bitcoin Conference. Projects generally try to cover a lot of problems with the crypto industry and end up cooking half-baked solutions.