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CRYPTO REVIEW : NEURAI ($XNA) :

CRYPTO REVIEW : NEURAI ($XNA) :

Image of Akshat Thakur

Akshat Thakur

Introduction to NEURAI :

Neurai is a platform for exploring the convergence and interoperability of hardware for microcontrollers with three technologies : Blockchain (keeps information safe and traceable), IOT (collects real-time data in large amounts), and AI (analyzes data to help make decisions).

Neurai aims to be a platform to enable harnessing the power of AI algorithms for efficient data analytics, predictive modeling, decision making and connectivity to IoT devices using blockchain asset.

Key Principles Underpinning Neurai’s Creation :

โ€ขReliable Codebase: Neurai relies on a robust and tested codebase to guarantee operational dependability.

โ€ขProof of Work (PoW): It utilizes PoW to ensure equitable distribution, thereby preventing centralization in mining activities.

โ€ขASIC Resistance: Neurai employs the KAWPOW hashing algorithm to deter the development of ASIC hardware, fostering a decentralized mining environment.

โ€ขIntegration with IoT: Neurai assets enable seamless interaction with IoT devices, expanding connectivity potentials.

Applications of NeurAI :

  • Device Authentication: Each device can be assigned a token or NFT that acts as its unique identifier on the blockchain, preventing device spoofing and ensuring data integrity.
  • Data Ownership: NFTs can represent ownership of data generated by IoT devices.
  • Automatic Payments: IoT devices can utilize tokens for automated transactions and payments between devices. For instance, an autonomous vehicle could use blockchain tokens to pay for parking automatically.
  • Maintenance and Service Records: NFTs linked to IoT devices can record their maintenance and service histories.
  • Economic Ecosystem: In a future with autonomous devices, tokens enable devices to autonomously buy and sell services among themselves.
  • Supply Chain Transparency: Each product can be associated with an NFT that updates as it progresses through different stages of the supply chain, ensuring transparency and accountability.

Key Points of NeurAI :

  • UTXO Model: The UTXO model stands out as a highly parallelization-friendly technical innovation crucial for blockchain operations.
  • Scalability: NeurAI begins with 8MB per block capacity but remains flexible to scale according to future requirements.
  • Asset Management: NFTs and tokens are managed directly from the node itself, with the capability to incorporate additional information through external links.
  • Fast Transactions: NeurAI boasts transaction speeds 10 times faster than Bitcoin, with 8 times greater capacity per block, ensuring adaptability to future demands.
  • Adaptive Difficulty: Featuring the mature ASERT difficulty adjustment algorithm initially developed for Ravencoin, NeurAI effectively adjusts to fluctuations in network hashrate.

Tokenomics :

๐‘ท๐’“๐’Š๐’„๐’†: $0.00117
๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ช๐’‚๐’‘: $11.58 million
๐‘ช๐’Š๐’“๐’„๐’–๐’๐’‚๐’•๐’Š๐’๐’ˆ ๐‘บ๐’–๐’‘๐’‘๐’๐’š: 9.87 billion
๐‘ป๐’๐’•๐’‚๐’ ๐’”๐’–๐’‘๐’‘๐’๐’š : 9.87 billion
๐‘ป๐’๐’Œ๐’†๐’ ๐‘ป๐’Š๐’„๐’Œ๐’†๐’“ : $XNA

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง :

In conclusion, Neurai is a project that merges the power of artificial intelligence, blockchain technology, and the Internet of Things (IoT) to create a platform for secure and intelligent interactions between devices.

With its scalable architecture, fast transactions, and robust security features, Neurai positions itself as a promising solution for the future of interconnected devices.

In this article

Introduction to NEURAI :

Key Principles Underpinning Neuraiโ€™s Creation :

Applications of NeurAI :

Key Points of NeurAI :

Tokenomics :

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง :

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