NeuraiPrice

(XNA)

Neurai, identified by its token ticker XNA, is a decentralized Layer 1 blockchain project that officially launched in April 2023. The project was founded by a small team of electronics specialists who recognized a gap in the market for a platform that could effectively bridge the gap between Internet of Things hardware and blockchain technology. Its primary mission is to create an ecosystem where artificial intelligence, blockchain, and the Internet of Things converge to enable secure, autonomous, and data-driven interactions between devices. Technically, Neurai is built upon the robust code of Ravencoin, which itself is a fork of Bitcoin. It utilizes a Proof of Work consensus mechanism with the KAWPOW algorithm. This specific algorithm is designed to be ASIC-resistant, meaning it is intended to be mined using consumer-grade hardware like graphics cards rather than specialized industrial mining machines. This choice is made to promote decentralization and prevent the concentration of network control among a few large entities. The project describes its architecture as a triad consisting of blockchain, IoT, and AI. The blockchain component provides a secure and immutable ledger for data and asset ownership. The IoT component focuses on connecting low-power devices, such as microcontrollers and sensors, to the network. The AI component involves using algorithms for predictive modeling and data analytics, allowing devices to make informed decisions autonomously. Neurai enables the creation and transfer of assets, including both tokens and non-fungible tokens, directly on its blockchain. These assets are used to facilitate various use cases, such as authenticating devices, tracking supply chains, and managing data ownership. For instance, an IoT device could be linked to a specific NFT to record its entire maintenance and service history securely. The project also envisions a device economy where autonomous machines can communicate and exchange services or data directly with one another through the blockchain without human intervention. The network features a unique distribution model characterized by frequent emission adjustments. Unlike the four-year halving cycle seen in Bitcoin, Neurai employs a micro-halving schedule where the block reward is reduced by five percent roughly every ten days. This is intended to distribute a significant portion of the total supply within its first few years of operation. The project remains open-source, encouraging community contributions and development on its GitHub repository to further its goal of making IoT devices more intelligent and interconnected. Learn more

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