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 :
•Reliable Codebase: Neurai relies on a robust and tested codebase to guarantee operational dependability.
•Proof of Work (PoW): It utilizes PoW to ensure equitable distribution, thereby preventing centralization in mining activities.
•ASIC Resistance: Neurai employs the KAWPOW hashing algorithm to deter the development of ASIC hardware, fostering a decentralized mining environment.
•Integration 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 :
𝑷𝒓𝒊𝒄𝒆: $0.00073
𝑴𝒂𝒓𝒌𝒆𝒕 𝑪𝒂𝒑: $7.28 million
𝑪𝒊𝒓𝒄𝒖𝒍𝒂𝒕𝒊𝒏𝒈 𝑺𝒖𝒑𝒑𝒍𝒚: 9.87 billion
𝑻𝒐𝒕𝒂𝒍 𝒔𝒖𝒑𝒑𝒍𝒚 : 9.87 billion
𝑻𝒐𝒌𝒆𝒏 𝑻𝒊𝒄𝒌𝒆𝒓 : $XNA
Price Action Q3 2024 :
Over the course of Q3, $XNA has dropped by 50%. There has been a short term recovery in the last two months but when zoomed out its close to a sideways price action. The price has big potential on the upside but a strong push is needed with huge volumes to support a comeback to ATH once again
𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 :
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.
