Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks. Bitcoin is design to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes. Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as Litecoin, Peercoin, Primecoin, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by Ethereum which led to the development of other amazing projects such as EOS, Tron, and even crypto-collectibles such as CryptoKitties.
NeuroChain focuses on creating intelligent business applications. The architecture, the communication protocol and the machine learning algorithms insure connectivity with other blockchains. Other orphan Bots provide a fertile ecosystem for augmented business. The NeuroChain technology is a new augmented blockchain based on intelligent decision making mechanisms. It is composed of Bots and a set of rules represented by flexible and scalable protocols (Proof of Involvement and Integrity & Proof of Workflow). It runs on a network or media with an adaptive communication layer. NeuroChain is an evolution of the Blockchain that integrates machine learning and AI to drastically improve the performance and capabilities of distributed systems. It’s a technological platform specifically designed to carry collective AI applications.