Today's Insight Chain price is $0.964656, which is up 104% since the beginning of the year. Insight Chain's market cap is unknown. Year to date INB volume is $923.47M. It has a market cap rank of 1257 and max supply of 10,000,000,000. Insight Chain is traded on exchanges. Insight Chain had an all-time high of $0.992038 about 2 months ago. Since the beginning of the year, Insight Chain has had 0% transparent volume.
Insight Chain is a decentralized research ecosystem based on the blockchain and fueled by a native cryptocurrency token INB. The key target of the platform is to build the financial system similar to Wall Street and connect ‘traditional’ companies with the blockchain world. Insight Chain aims to create a decentralized research platform to collect and store big data on the public blockchain. The goal of the project is to bring order into the unorganized ocean of information related to the blockchain industry. With the vigorous development of the blockchain technologies over the past years, a lot of startups have appeared seeking for investors’ help. Due to the lack of verified information, many of these investors have fallen victims of fraudulent activities. Insight Chain wants to resolve this problem by creating an ecosystem rewarding projects that provide truthful and well-researched information and punishing those who are suspected of fraud by withdrawing their earnings. Insight Chain represents a big database storing business data in a structured way with the possibility to encrypt and decrypt this information for higher security. The platform claims to be infinitely scalable, and in order to achieve that, it combines DPoS (Delegated Proof of Stake), BFT (Byzantine Fau...lt Tolerance), and validation nodes into its proprietary VDPoS (Validated Delegated Proof of Stake) consensus algorithm. Also, the team plans to implement sharding technology to significantly improve the scalability and the speed of the network. The project’s website claims that Insight Chain can process more than 100,000 transactions per second. Although Insight Chain initially operated on Ethereum blockchain, it has created its own blockchain implementing all the technical features mentioned above. The mainnet went live on October 10th, 2019. The INB tokens can be stored on the project’s native mobile wallet which is available both for Android and iOS devices. The project’s team is very careful about its brainchild and at the time of writing, has already registered more than 300 patents to protect their ecosystem from copycats. The news about every newly registered patent is posted on their social channels. The information about members of the team is only available on the project’s website. It claims that the project’s CEO Lisa Yang has extensive experience in market research data analysis and was one of the early Bitcoin adopters. Although the project has an official page on Linkedin, none of its members can be found there. The company seems to be based in China, but there is no information that would prove it with 100% guarantee. There is no information about the project’s early stages either. If there have been any private investors, they remain in the shadows, and no public ICO has ever been conducted as well. Since the project targets mostly Chinese community, the team may find the local audience sufficient and doesn’t seek to conquer other regions.Read More