LBank AMA Recap with DBC
First five AMA Questions (First Part):
Question 1. Can you give us a brief introduction about yourself and the project you represent?
Guest:
I am Feng He, the founder of DeepBrain Chain. I graduated from Ocean University of China in 2008 with a bachelor degree in Computer Science, briefly worked at the Chinese Academy of Sciences, and then went to East China Normal University for a master’s degree in Bioinformatics (I dropped out of school in 2010 to start my own business).
I have always been fascinated by AI technology, and when I was a graduate student, I also used AI technology to do genetic data analysis, so I can say that I have been developing AI technology applications early. Later, I started my own business to try to implement AI technology into real products. From 2011, we started our business in the field of artificial intelligence, and have taken $8 million investment from Qihoo 360, Gobi, JD, GSR, and other investment institutions. At the end of 2011, we released China’s first smart voice assistant — Smart 360, in 2014 we released the world’s first voice interaction AI speaker — Xiaozhi Super Speaker (six months earlier than Amazon Echo, 3 years earlier than DuerOS speaker), in 2017 I founded DeepBrain Chain, and has been working on it till today.
DeepBrain Chain was founded in 2017 with the vision of building an infinitely scalable distributed high-performance computing network based on blockchain technology, in order to become the most important computing infrastructure in the era of 5G+AI+metaverse. DeepBrain Chain contains three important parts: high-performance computing network, blockchain mainnet, and GPU computing mainnet. High-performance computing network officially launched at the end of 2018, blockchain mainnet on May 20th, 2021, after nearly 4 months of public testing, GPU computing mainnet will be officially launched this month.
The mainnet of DeepBrain Chain is developed based on PolkaSubstrate, and DeepBrain Chain is also one of the very few high-performance computing projects in the blockchain industry that have achieved large-scale implementation. It has been widely used in various scenarios such as artificial intelligence, driverless vehicles, cloud games, visual rendering, biopharmaceuticals, etc. It has provided high-performance GPU computing power for many enterprises, and cumulatively more than 50 vendors worldwide have deployed high-performance GPU cloud platforms based on DeepBrain Chain network, serving hundreds of enterprises and tens of thousands of AI developer groups. For example, China’s cloud game vendor NetEase Cloud Game uses GPU resources from DeepBrain Chain, China’s leading driverless company AutoX is testing GPU resources from DeepBrain Chain, China’s leading cloud game solution provider TingYu Technology is cooperating with us, Beijing University, Tsinghua University and Harvard University have students and teachers using DeepBrain Chain’s GPUs for AI training..
2. Do you think you can connect real-life and CryptoWorld with your project? How do you think about the utility of your projects?
Guest:
Yes, the vision of DeepBrain Chain is to build an infinitely scalable distributed high-performance computing network and become the most important computing infrastructure in the era of AI+meta-universe. It was positioned as an application public chain at the beginning, hoping to serve real industries, and has successfully realized the industrial implementation in the past four years, and has served more than 100 enterprises and nearly 20,000 AI developers in many scenarios including AI, autonomous driving, meta-universe, visual rendering, etc.
From this connection：https://galaxyrace.deepbrainchain.org
You can query the GPU rental status on the chain. It can be seen that the rental rate is very high. The GPUs on the DeepBrain Chain platform are very popular.
For example, the NetEase cloud gaming platform is using the GPU of the DBC platform
3. What is your inspiration behind this project and how are u planning to expand your ecosystem and attract more investors so that you can stay in the business for a long time?
Guest:
We have been focusing on AI projects since 2011, including voice assistants, smart speakers and other products. We realized the importance of GPU early, but GPU resources are very expensive and many startups can’t afford it. Blockchain technology can help achieve this goal.The GPU market is very large. The GPU cloud service market can reach 10 million cards in the next 5 years. We aim to have a global market share of 20% in the next 5 years. The annual rent from the DBC platform can exceed 4 billion U.S. dollars. And this equivalent DBCs will be destroyed
4. I’d want to make a “LONG TERM INVESTMENT” in this “Project,” but I’m having second thoughts! How will you persuade me that this project is “safe and profitable”?
Guest:
I understand your concern, and this is a great concern for all community investors. We think the most convincing means is to achieve complete decentralization of the project and true community autonomy, and we have been working towards this direction for the past four years and have basically achieved decentralization.
5. With the appearance of many blockchain projects, especially payment project which has the newest technology, scalability, efficiency, even no fee on the transaction. Does DBC feel pressure from this on the race of global payment solutions?
Guest: The DBC mainnet itself has very low transfer costs, almost negligible; the vision of DBC is to build an infinitely scalable distributed high-performance computing network to become the most important computing infrastructure in the AI+ metaverse era. As an example, a particularly great highway has no value if there are no cars to run on it. Our expectation for DeepBrain Chain is that it can really serve many AI/meta-universe enterprises, and when everyone needs high-performance computing power, they can consider DeepBrain Chain as one of the best choices, and this is where the value of DeepBrain Chain lies.
6. With hacking on an almost daily basis, security is now at the heart of every user, could you elaborate on how $DBC strengthens your security measures, risk policy, etc to safeguard your protocols?
This is a very good question, we mainly deal with hacker attacks from two aspects: 1. DeepBrain Chain will conduct a strict code audit every time it is upgraded, and find professional organizations in the industry to do a security audit, and at the same time, it will run for a trial period before upgrading 2. DeepBrain Chain itself is a high-performance computing network, the network has thousands of nodes, each node is a high-performance server, currently, there are 31 supernodes responsible for the producing blocks, and at the same time, 10 nodes will be added every quarter, so it is very difficult and incredibly costly to attack DeepBrain Chain network.
Five Questions with Answers from the Telegram community (Second Part):
@Abbyschaffer2003
What is the role of tokens in the ecosystem? Where can people currently buy it? what would be used??
Guest:
The dbc user rents the only token of the gpu. The miner provides the gpu machine and needs to pledge the dbc. The dbc rent paid by the user will be destroyed.
@Vonarredondo55
Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
Guest:
After 4 years of research and development, our technology has been providing services to real users. You can find it from the website below. The current rental income generated in 2 months has exceeded 50 million dbc。 https://galaxyrace.deepbrainchain.org
@vivienandrew24
Most investors focus only on the short-term price rather than the real value of the project. Can you tell about the long-term benefits for investors in the project?
Guest:
The gpu market is very large. The gpu cloud service market can reach 10 million cards in the next 5 years. We aim to have a global market share of 20% in the next 5 years. The annual rent from the DBC platform can exceed 4 billion U.S. dollars. And this equivalent DBCs will be destroyed
@Diawillis2003
Can you share some Details about Recent Major Achievements done by your project? Also, what are the Future Roadmap & Targets of your project?
Guest:
The official website has a detailed introduction https://www.deepbrainchain.org/
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