Article Summary, Automatically Generated By AI
Summary of Newton Project
- Aims to build infrastructure for a community-based economy
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Comprises:
- New Chain (public chain)
- New Net (distributed storage service)
- New IOT (covers over a dozen sensors)
- Main net launched in Dec 2018
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Features:
- Main chain and Sub chain structure
- POA consensus mechanism
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Hyper Exchange Protocol for DApps in areas such as:
- Digital identity
- Credit
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About Newton: Empowering the Future of Cryptocurrency
Newton Project endeavors to establish the infrastructure for a community-driven economy by providing a suite of services encompassing governance, collaboration, and incentives. The Newton ecosystem comprises a trifecta of core components: New Chain, a public blockchain; New Net, a distributed storage service; and New IOT, an Internet of Things (IoT) network incorporating over a dozen sensors. Following the successful launch of its mainnet in December 2018, Newton’s architecture features a novel “Main chain and Sub chain” structure, underpinned by a Proof of Authority (POA) consensus mechanism.
Newton also boasts a Hyper Exchange Protocol, designed to empower DApps across a diverse range of sectors, including digital identity, credit, supply chain management, and digital marketing. Notably, the first dApp to debut on Newton is New Mall, a pioneering online retail chain. Furthermore, Newton aims to extend its support to a broad spectrum of applications, encompassing agriculture, supply chain management, payment systems, public welfare initiatives, and gaming platforms.