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.
Project PAI is an open-source blockchain project developing the world's first blockchain-based platform for intelligent 3D AI avatars. Personal AI (PAI) looks, talks and behaves like the individual user and, when secured and authenticated on the blockchain, allows for unprecedented customization, utility and personal data control. With communities worldwide and adopters including leading U.S. AI company ObEN Inc., Project PAI is rapidly advancing its vision of allowing everyone in the world to participate in the new global humanistic AI economy. Project PAI's independent blockchain platform is intended to allow users to create, own and manage their digital identity and the associated data, letting users participate in a new global humanistic AI economy where they are the owners of their own digital identity and data. The listing on HBUS marks another step in Project PAI's growth throughout the U.S. and global market. Project PAI's vision is to create a platform where everyone can create their own Personal AI, intelligent digital avatars that look, sound and behave like them. With PAI, users can have more personalized digital experiences, including using their PAI for social media content or interacting with the PAI of their doctors, teachers or even their favorite celebrities across a number of applications in retail, entertainment, travel and more. The core technology for the avatars is powered by Project PAI early-adopter ObEN, a leading artificial intelligence company based in Los Angeles, California. PAIs are secured and authenticated on the Project PAI blockchain. The intention is to always allow the user to be the owner of their own data and if they choose to contribute that data to improve applications or AI algorithms on the PAI blockchain, they can be compensated for their efforts in PAI Coin. In addition, as an open-source public blockchain, companies and developers can create their own apps and tokens on the PAI blockchain to build more interactions for the Project PAI community. Already this year, Project PAI has launched both its mainnet and github. A third-party-developed digital wallet for PAI Coin, called PAI Up, is also available globally on both iOS and Android. The project has recently expanded into the Southeast Asia, U.K. and European markets, following solid presence in China, Japan, Korea and the U.S.