A new partnership will explore the combination of blockchain with AI

Nexus and SingularityNET announced their collaboration
07 February 2018   274

Today, on Feb 7 a new team-up was announced between Nexus and SingularityNET on the matter of expanding the capabilities of the blockchain platform. This time, the project is quite peculiar: an idea of a decentralized AI network based on a blockchain. The purpose of the project is very ambitious - the most secure, scalable and censorship-resistant blockchain AI infrastructure.

With the blockchain platform of Nexus, SingularityNET will gain access to the scalability, security and accessibility for its AI solution. The AI already has one of the most advanced features - interoperability that allows it to cooperate and coordinate at scale with other AIs. Apart from this project, the partners will study the use-case of Nexus’ satellite-based internet protocol.

The ICO of SingularityNET started from December 25, 2017 with the hard cap ($36 mln) being reached in phenomenal 66 seconds.

As for Nexus, it is an innovative open-source blockchain technology with its world’s first 3D Chain that solves the current challenges of speed and scalability.

Reddit users welcomed this partnership with enthusiasm:

u/raganja said “I’m so excited for the future of nexus. Thank you Colin”

u/TenFigureWigga said “Huge News, AI in space is going to be bigger than people realise...”

u/Metasouls said “This is BIG news. Nexus 3D chain in space, forming the satellite network with iron-clad 1024-bit hash/571-bit keys quantum-resistance, combined with Singlularity's AI algo, this very well could revolutionize the entire crypto space. It's next level. 3DC LLD almost done, partnerships formed with aerospace (Vector Space Systems) and AI (SingularityNET), while the pretenders are waving a whitepaper in the top-10 with little to no actionable results to show for the speculation. Nexus is the future.”

u/MagicPikeXXL said “Nexus and Singularity have my money”

Electroneum to update its blockchain

Electroneum announced that new code will be released on May 30 as its blockchain reaches Block 307500
26 April 2018   50

Electroneum announced its fork is scheduled to take place at block 307500 on May 30. The fork is special as it will not result in two currencies: this is achieved by allowing all the exchanges and pools to update their software in advance. The update covers the following aspects

  • anti-ASIC code:

the implementation of such code will ensure security against any network attack

  • increase of transfer fee:

to ensure Electroneum blockchain withstands blockchain flooding, base fee will be increased to 0.1 ETN

  • block size increase before penalty:

the increase will allow miners to scale the blocks faster and get more transactions into a block

  • disabling of RingCT and Mixin:

disabling some privacy features with letting wallets remain private will get a less wait to fit a transaction into a block and a leaner blockchain size

  • 3 days mempool life:

it will ensure a reduction of the possibility of the returned transactions

Readers will be able to find the rest of the remaining details of the update here. As for the market indicators for Electroneum, here is what they look like at the moment of publication:

  • Average price   $0.024453
  • Market cap         $166,770,279
  • Volume (24H)    $1,234,100