Also, learn the Difference between Proof of Stake(PoS), DataMining and Proof of Work(PoW).
Exploring PoW, PoS, and DataMining: Key Differences
(Read, if you are not familiar with the key differences between DataMining, PoS and PoW.)
PoW (Proof of Work) is the consensus technology, in which enormous computing power is required — usually specialized hardware like graphics cards (GPUs) or ASIC miners — to validate and add new blocks to the blockchain, effectively keeping the network alive. For each new block, the hardware that generated it receives a reward.
However, PoW is a very costly method in terms of electricity consumption and requires powerful hardware to secure rewards.
PoS (Proof of Stake) is an alternative consensus mechanism to PoW, eliminating the need for complex calculations and high energy consumption. In PoS, validators (or stakers) lock a certain amount of cryptocurrency as collateral to validate new blocks.
The probability of being chosen to validate a block is proportional to the amount of cryptocurrency held and staked.
PoS is considered a more efficient and eco-friendly method compared to PoW, as it does not require specialized hardware.
DataMining is a mining technology developed by NeuralLead to produce data for Artificial Intelligence.
Unlike PoW, DataMining uses hardware to process and generate neural data.
Each device, such as a graphics card, has pre-installed neural networks responsible for generating datasets
or training data for AI. The device sends the generated data to the NeuralLead server,
which verifies its validity and rewards the device owner based on the number of valid data points found compared to all participants.
What is Our Proof of Stake Levels (PoSL)
Instead of relying on miners to solve puzzles, validators are chosen based on the amount of cryptocurrency they “stake” as collateral. Validators are rewarded for validating transactions and maintaining the network’s security.
Efficiency and Sustainability:
PoS significantly reduces energy consumption by eliminating the need for power-hungry mining rigs. It also provides a scalable framework, capable of handling more transactions at lower costs, making it a greener alternative to PoW.
Security Through Staking — NeuralLeadQHash Algorithm:
With our hashing algorithm (NeuralLeadQHash), it is much more secure, as it leverages the best of quantum computing and artificial intelligence. In PoS, security is maintained through staking, where validators put their assets at risk. If they act maliciously or fail to validate correctly, they lose part of their stake. This creates a strong incentive for good behavior, enhancing network security.
Decentralization and Accessibility:
PoS encourages wider participation since validators don’t need expensive hardware to participate. This opens up opportunities for a broader range of participants, promoting decentralization.
Levels of Investment
We offer a tiered investment structure along Proof of Stake Level (PoSL) that designed to engage a wide range of investors while rewarding larger commitments. The model incentivizes greater participation without excluding smaller investors, creating opportunities for everyone to benefit from staking:
Investment Levels:
Little Investor: Starting with a minimum of 300 coins, these investors earn 7% of the block reward*.
Medium Investor: With 1,100 coins or more, medium investors earn 28% of the block reward*.
Big Investor: Investors staking 3,100 coins or more receive up to 84% of the block reward*, maximizing their potential earnings.
- block reward itself is 75% (100%-25% refer Special Rewards & Cashback wallet ) of total Fixed Reward that is 60 coins.
Earn while keeping Hardware On, Also, Earning Opportunity while keeping Hardware Off — Hot Staking & Cold Staking
In Hot Staking, the wallet address owner need to keep the wallet turned on, 24/7, to stake coins.
While in Cold Staking, user delegate the coins to stake to another wallet and the other wallet stake the coins on behalf of Owner, in this way, the coins owner can turn off the wallet and watch coins earning while giving 7% of reward to the delegated wallet.
Example in Hot Staking: With a reward of 60 Neurallead Coins, 25% (15 coins) go to First Component of Special Reward (slide 20) and CashBack wallet (slide 24), while the remaining 45 coins are divided in two parts (84% & 16%), as 84% (37.8 coins) going to the ‘Big Investor’ and 16% (7.2coins) going to Second Component of Special Reward (slide 20).
In the case of Cold Staking for Big Investor, the process is identical to Hot Staking except that 7% (2.6 coins) of the 84% goes to the delegate, while the remainder of the 84% (35.196 coins) goes to the ‘Big Investor’.
Pool Staking Benefits
We understand that not everyone has the required 300 NLEADs to start staking with our Small PoS plan. To address this, we’re thrilled to introduce Pool Staking, allowing you to stake with as little as 50, 100, or 150 NLEADs!
With Pool Staking, you’ll receive proportional rewards based on the Small PoS plan, making it easier for everyone to participate and benefit from our innovative blockchain powered by Quantum + AI.
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