Launched on April 19, 2015, Neutron is a green solution for cryptocurrencies. Neutron uses the Proof Of Stake consensus algorithm, which allows users to "stake" their stakes to generate passive income in the form of newly developed Neutron, with no special hardware and very little processing power. Neutron is equipped with masternode technology that allows a client to receive a higher percentage of reward for locking collateral (25,000 coins). The more Neutron is held in a staking wallet, the more weight a client has with respect to the network, which determines the average time a block is resolved. Neutron also offers dynamic reward reduction with no "hard" "halving" events: the number of daily neutrons created gradually decreases with every million blocks. BitlabLLC operates and maintains Neutron out of Arlington, Texas, by Theron Rodriguez and Thomas Dowdy, with Thomas Posey (Ok), Rick Caceres (CAN), Adam Waldenberg (Sweden), Jason Hickson (Texas), Eron Villareal (Japan) . Neutron is intended to be used as everyday currency via a card-based payment gateway or mobile app service directly from a connected Neutron wallet.