I haven't heard of Gridcoin before; thank you. It looks like they use a proof of stake to run a blockchain and organize volunteers who donate their computing resources. This is admirable, and very useful. What was the name of the other platform?
(I need a name for my idea as well; let me call it NCoin).
NCoin is more commercial, and focused on neural networks.
It takes a lot of computing power to train a neural network; it takes a lot computing power to mine a block. NCoin is a way for a blockchain to have proof of work by training a neural network.
Here is why it makes sense:
1. Demand for deep learning goes up, so should the demand for computing resources for training deep learning networks. From this perspective, NCoin is more interesting than say Filecoin, because storage cost is negligible compared to computing cost in AI. This means there will be a lot of people willing to pay for training neural networks, and this allows to create liquidity for NCoin.
2. All those rigs people built for mining Bitcoin and other proof-of-work based currencies are perfectly usable for NCoin. So when Ethereum transitions to proof-of-stake, or Bitcoin reaches its limit, all these computing resources will become available.
Sounds super interesting! AI always excites me
Do you have the necessary skills to lead a project of this kind, or would you be the angel investor hiring a team? A proper crypto-currency demands immense amounts of work.. Especially one designed around AI will be intensive coding i imagine.
The AI website i mentioned was
https://synapse.ai/ , i came across the signature campaign
Sounds like you wanna go in a different direction than them, though. ;-)
Wish i had the technical competence to discuss the specifics of your Ncoin (NC)? N for Neural right?
Regards,