What is Chainbing?

Chainbing (CBG) is a platform based on blockchain technology that strives to provide users with swift and precise information by storing, indexing, analyzing, and sharing data on the blockchain. It aims to ensure the dependability of data through data witnessing mechanisms and rewards participants who contribute to validation. Chainbing's focus areas encompass data collection and storage, data intelligence analysis, content provision and access, consensus mechanism and witnessing, and community governance. The platform seeks to address the challenge of interpreting and tracking on-chain data, which is becoming increasingly intricate due to the emergence of smart contracts and layer 2 networks.

How does Chainbing work?

Chainbing operates through a network of nodes run by various entities. These nodes include data collection nodes, which concentrate on the collection of raw data; data processing nodes, which transform raw data into user-readable content; content creators, who produce original content based on the data; and validators, who maintain the accuracy of the information. Chainbing also implements decentralized data centers, providing the basic resources of a computer system: network, storage, and computation. The platform strives to provide high availability, high intelligence, and high decentralization for these resources. Furthermore, Chainbing incorporates a token incentive economy model into every aspect of its network, aiming to benefit all participants, including validators, creators, and users.

What are the potential use cases for Chainbing?

Chainbing aims to serve as a Blockchain Information Aggregation Engine (BIAE), providing users with swift, reliable, and confidential information. It seeks to play an increasingly broad role as blockchain data proliferates. Chainbing's artificial intelligence-based big data analysis tools aim to allow creators to easily access valid information on the chain and transform it into more valuable original information. The platform also aims to provide valuable information to help Chainbing grow and receive token incentives; users need to pay tokens to access paid content. Furthermore, token holders can participate in the witnessing of data and content to ensure the accuracy of data, and they will have the right of community governance.

What is the history of Chainbing?

Chainbing's development roadmap began in 2021 with the initial completion of the underlying protocol. In 2022, the alpha version of node components was completed, and the construction of the Chainbing main network skeleton was finished. The launch of the first data center took place in the last quarter of 2022. The construction and completion of the first-generation AI data analysis center took place in the first half of 2023. The steady development of community ecology and the onboarding of advanced content creators took place in the latter half of 2023. The Chainbing node software was developed to allow users to quickly access the Chainbing network and configure their role in the network as required.