I would have liked to boast that I discovered Blockchain technology and I was one of it's very early users but that would be a lie, I discovered the existence of blockchain technology sometime in 2015 and I immediately knew that I have stumbled on a Goldmine and that Blockchain was going to be the future. One of the first innovations brought by the Blockchain is Bitcoin.
Before the invention of blockchain technology, finance itself was heavily centralised, for example, you cannot send funds from one country to another without using centralised institutions like banks, most times these banks need your physical presence before the transactions are executed, this leads to time wastage and frustration because your have to leave your other activities and focus on that.
Then came the Magical Bitcoin, which made it possible to make truly peer-to-peer transactions across the world no matter the location, no matter the currency, no matter the language, Bitcoin can be transacted from the comforts of your home and the best part is that because of the decentralisation of the Blockchain, you can track the transaction until it's final destination. Sounds too good to be true right? Well, it had some downside and we are about to look at them now and after the problems are outlined, inwojld tell you about the solution I discovered and the picture below is a hint.
THE PROBLEMS
The year 2017 is jokingly referred to as the year of Cryptocurrencies because that is when Blockchain users spiked so much that we started seeing the problems which were previously not an issue, infact in December 2017, the CoinMarketCap of all Cryptocurrencies hit an All Time High(ATH) of almost One Trillion US Dollars. The sudden spike in users exposed the vulnerabilities and some of them are Scalability and Speed of Transactions.
The Bitcoin Blockchain was made to handle 7TPS(Transactions Per Second) and the Ethereum Blockchain was built to handle 15TPS, and in that time period, Users in the Bitcoin Blockchain alone were making way more than 7TPS and this caused a terrible backlog in the Blockchain which lead to longer transaction confirmation time and higher transaction fees, users were having to pay as high as $25 as transaction fee and some had to wait for days before their transactions were confirmed.
This has made integration of Cryptocurrencies in the real world almost because existing Blockchains would not be able to handle the number of transactions not guarantee a frictionless blockchain experience, this problem is what made the Nebula AI Project's team to introduce a revolutionary solution called NBAI (Nebula AI).
Nebula AI As A Solution
Nebula AI is building a decentralized artificial intelligence computing blockchain (NBAI) that reduces the energy costs of traditional Proof of Work by converting GPU mining machines into AI computing services.The AI transactions recorded on NBAI will be irreversible.
The distributed computing network also ensures high concurrency and low latency computing power. The conversion of GPU mining machines makes it possible to provide more cost-effective artificial intelligence services. We all know the giant accomplishments that has been made in the field of artificial intelligence and the Nebulai-AI team aims to introduce Artificial Intelligence to Mining.
This technology would enable peer-to-peer payment in blockchain technology, as well as blockchain ledger technology, enable shared AI computing to be paid and shared in the most convenient way.
Reduce the operation cost of miners.
Enable the GPU miners to contribute their GPU hash power to the AI computing which bring extra social benefits to society.
The possibilities are just endless!
Partnerships
The Nebulai team knows the importance of having like minds working together to achieve a common goal and so they have successfully partnered with some powerful projects,below are some of them.
NEBULA-AI TEAM
Behind every revolutionary project,there are revolutionary minds who made it possible, There are presently 23 team people that makes up the Nebulai Team and below are some of them.
Charles CAO- Charles majored in Electronic Engineering at Fudan University and obtained his Master’s degree at Concordia University in Electrical & Computer Engineering. Previously, he worked in collaboration with SAP, Autodesk, Expedia, and Paysafe. He is an active thought-leader in the North American blockchain community for many years. In 2017, Charles founded Nebula AI Inc. and is committed to the development of blockchain technology as well as artificial intelligence.
Qinhui Lin- Qinhui has over 13 years experience in the IT domain. He was the former CTO of a residential social platform and led a team to build a high-concurrency and scalable social portal. He has over 7 years experience consulting and developing services for Banking institutions such as Wells Fargo, GE Capital and Laurentian Bank. At NBAI, he is dedicated to AI programming and integrating with blockchain technology to build an efficient ecosystem.
You Can view the full list HERE.
I will jump at the chance to state, now, that the thoughts introduced in this article is only a rundown of the colossal potential outcomes that the Nebula AI venture holds and offers to corporate elements and even individual clients. I, consequently, firmly prescribe everybody to peruse the Nebula AI whitepaper for a superior handle of this tremendous wander. The following are some other valuable connects to enable you to stay up to date with the Nebula AI venture
USEFUL LINKS
Website: https://www.nebula-ai.com/
Whitepaper: https://www.nebula-ai.com/whitepaper/NBAI_whitepaper_EN.pdf
Medium: https://medium.com/nebula-ai
Github: https://github.com/nebulaai
ANN Thread:
https://bitcointalk.org/index.php?topic=2928531.0
Telegram: https://t.me/NebulaAICommunity
Twitter: https://twitter.com/nebula_ai
Facebook:
https://www.facebook.com/NebulaAI/
Author Information:
Bitcointalk Username: seblbj
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2022050;sa=summary