100% Proof Of Stake
All transaction on the Neblio Blockchain Network are secured by the efficient P-O-S distributed consensus algorithm.
Staking NEBL Secures the Network
Just by leaving the core desktop wallet open and connected to the network, users are helping to ensure the operation and security of the decentralized global Neblio network. For doing so, users are rewarded for their part in creating new blockchain blocks and verifying each block full of transactions and information that power the network. This encourages users to actively participate in governing, operating, and securing the network via staking.
Many other Blockchain networks, utilize a Proof-of-Work method to secure the network, known as “mining”. It is estimated that Bitcoin mining alone uses nearly $700 million a year worth of electricity. The Proof-of-Stake consensus model used by Neblio is vastly more efficient, so much so that you won’t even notice your wallet application is using CPU power while you are staking your coins, or see it on your energy bill. Staking can even run on the tiny Raspberry Pi.