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What is Neutron (NTRN)?

Neutron basic info

Name:Neutron
Ticker:
Introduction:

Neutron is a new secure permission-less smart contract platform that is built using Tendermint and Cosmos SDK. It introduces many innovative solutions to the decentralized world and offers developers easier ways to build applications.

What is Neutron (NTRN)?

At its core, Neutron harnesses the power of Tendermint and leverages the Cosmos SDK to create a secure permission-less smart contract platform. The platform's uniqueness lies in its ability to facilitate Interchain DeFi, allowing developers to deploy smart contracts that can seamlessly scale across a network of 50+ blockchains connected through the Inter-Blockchain Communication (IBC).

To truly appreciate the ingenuity of Neutron, it's crucial to delve into the foundational technologies that form its backbone. Each component contributes to Neutron's robustness, security, and seamless functionality.

Tendermint - Consensus for Security and Speed

Neutron relies on the Tendermint consensus algorithm to achieve both security and high transaction throughput. Tendermint's Byzantine Fault Tolerance (BFT) consensus ensures that the network remains secure even in the face of malicious actors, making it a reliable choice for the backbone of Neutron's infrastructure. Also, Tendermint's design prioritizes transaction speed, crucial in a decentralized environment where rapid execution can be the key to a project's success.

Cosmos SDK - Modularity and Security in Harmony

Neutron is made possible by the Cosmos SDK, a versatile framework that simplifies the creation of secure blockchain applications on top of Tendermint BFT. Cosmos SDK follows a modular approach, allowing developers to pick and choose the components they need for their specific applications. This modular design enhances flexibility and ease of development. However, each module only operates within its defined limits, so vulnerabilities can be minimized.

Furthermore, Cosmos SDK's design promotes interoperability by default, making it an ideal choice for a project like Neutron that aims to bridge the gap between different blockchains through IBC.

Inter-Blockchain Communication (IBC) - Bridging Chains, Unleashing Potential

At the heart of Neutron's Interchain DeFi vision is the IBC. This framework, which is developed by Cosmos, facilitates resilient and secure inter-module communication. It allows for efficient cross-chain asset transfers and execution of multi-chain smart contracts within the Cosmos ecosystem.

Interchain Accounts (ICA) - A Revolutionary Approach to Interoperability

Neutron pioneers the concept of Interchain Accounts (ICA), a groundbreaking feature that enables Cosmos blockchains to control accounts on remote zones via IBC. This means that instead of relying on local private keys, smart contracts on Neutron can interact with modules and zones from other ICA-enabled Cosmos chains and vice versa. The significance of ICA lies in its ability to transcend traditional boundaries, offering a new paradigm for the execution of transactions across interconnected chains.

In simple terms, ICAs are like magical passports for digital wallets in the blockchain world. Instead of using secret codes or keys, they allow different blockchains to understand and control each other's wallets. So, if you have a smart contract on one blockchain, thanks to ICA, it can talk to and work with wallets on other blockchains without any language barriers. It's like giving these digital wallets the ability to chat and collaborate, making the whole blockchain neighborhood much friendlier and interconnected.

Interchain Queries (ICQs) - A Faster Data Retrieval Mechanism

Interchain Queries (ICQs) further enhance Neutron's capabilities by allowing developers to securely retrieve data from remote zones through specific modules and IBC. What sets Neutron apart is its unique implementation that uses smart contracts, not modules, to process raw data into data structures. This innovative approach ensures faster and more adaptable ICQs, providing a comprehensive range of supported queries and sustained compatibility with connected zones.

The Benefits of Permissionlessness

One of Neutron's key strengths is its permission-less nature, eliminating the need for smart contracts to undergo a whitelisting process through a governance vote. This characteristic grants Neutron a competitive edge in terms of speed, efficiency, and neutrality.

Fast Deployment

Neutron's permission-less framework allows for swift deployment of smart contracts, ensuring viability in a competitive market where delays can be detrimental to a project's success.

Streamlined Governance for Efficiency

Neutron's governance remains lightweight and efficient, avoiding bottlenecks that could slow down development teams. This streamlined approach enables faster decision-making and adaptability.

Neutrality Fosters Innovation

On Neutron, innovation cannot be suppressed. The permission-less environment encourages a free flow of creativity, fostering an ecosystem where ideas can flourish without unnecessary constraints.

NTRN Tokenomics

NTRN is the native token of the Neutron blockchain. It operates on a sophisticated fee model that powers the platform and shapes its financial dynamics:

- Transaction fees, generated from local and cross-chain transactions, constitute Neutron's primary revenue stream.

- A quarter of the collected transaction fees is used to support the network’s security. The remaining 75% is divided between burning NTRN for scarcity and adding to the Reserve.

Three critical contracts manage Neutron's funds:

- The Reserve dynamically releases vested NTRNs based on on-chain activity.

- The Distribution contract allocates tokens to predetermined shareholders, encouraging participation from all parties.

- The Neutron DAO.

NTRN Goes Live on Bitget

NTRN token's flow within Neutron showcases a balance of fee distribution, innovative governance, and commitment to security. Join and experience the evolution of Interchain DeFi firsthand with NTRN.

The NTRN token is set to list on Bitget on November 15, 3 PM (UTC+8).

How to Trade NTRN on Bitget

Step 1: Go to NTRNUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

For detailed instructions, please read ​​The Uncensored Guide To Bitget Spot Trading.

Looking ahead, Neutron envisions a future where its interchain capabilities reshape the landscape of decentralized applications. By providing developers with the tools and support needed to create and launch their applications seamlessly, Neutron aims to be a catalyst for the next wave of innovation in the decentralized world.

Trade NTRN now on Bitget!

Introduction image 0

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

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Current price:
All-time high:$1.2
All-time low:$0.0001217

NTRN supply and tokenomics

Circulating supply:39,121,696 NTRN
Total supply:39,121,694.19 NTRN
Max supply:68,000,000 NTRN
Market cap:$0.00
Fully diluted market cap:$46,720.69
Token allocation:
DAO
54.00%
Founders
23.00%
Community
12.00%
Early Backers
11.00%
Tokenomics:

Token utility

Transaction fees constitute Neutron’s main source of revenue. They originate from local transactions and cross-chain transactions through Neutron’s IBC fee model. Transaction fees are paid in NTRN or ATOM tokens.

  • 25% of the fees are sent to the hub as payment for Replicated Security;
  • The remaining 75% are either burnt (NTRN) or sent to the Reserve (ATOM, etc.).
  • However, it is unclear how much of the 75% will be burnt.

    Links

    Buy Neutron for $1Buy NTRN now

    What is the development prospect and future value of NTRN?

    The market value of NTRN currently stands at $0.00, and its market ranking is #999999. The value of NTRN is not widely recognized by the market. When the bull market comes, the market value of NTRN may have great growth potential.

    As a new type of currency with innovative technology and unique use cases, NTRN has broad market potential and significant room for development. The distinctiveness and appeal of NTRN may attract the interest of specific groups, thereby driving up its market value.

    What will the price of NTRN be in 2025?
    Based on NTRN's historical price performance prediction model, the price of NTRN is projected to reach $0.001150 in 2025.
    What will the price of NTRN be in 2030?
    In 2030, the NTRN price is expected to change by +4.00%. By the end of 2030, the NTRN price is projected to reach $0.001064, with a cumulative ROI of +0.11%.
    Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of NTRN and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

    Is NTRN worth investing or holding? How to buy NTRN from a crypto exchange?

    If you want to buy NTRN, the following information may be helpful for your investment decisions:
    In the last seven days, the price of NTRN has risen by 4.63%, leading to positive returns for most NTRN investors. The market is currently optimistic about the price trend of NTRN.
    It is important to note that the current price of NTRN has retreated by -100.00% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
    Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
    To decide whether NTRN is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
    Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in NTRN or any cryptocurrency comes with certain risks and uncertainties.
    Regardless of your outlook on the development prospects and future trends of NTRN, if you want to buy or sell NTRN, you can consider Bitget for your trading needs. The best place to buy NTRN is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
    Investing in Neutron has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Neutron. Here's a step-by-step guide on how to buy Neutron on Bitget.

    How to get Neutron through other methods?

    Using cash to buy Neutron is not the only way to obtain Neutron. If you have the time to spare, you can get Neutron for free.
    Learn how to earn Neutron for free through the Learn2Earn promotion.
    Earn free Neutron by inviting friends to join Bitget's Assist2Earn promotion.
    Receive free Neutron airdrops by joining ongoing challenges and promotions.
    All crypto airdrops and rewards can be converted to Neutron through Bitget Convert, Bitget Swap, or spot trading.

    What is Neutron used for and how to use Neutron?

    The use case of Neutron may expand as the crypto market and the project itself develop. Currently, you can use NTRN to achieve the following goals:
    Arbitrage by trading NTRN: Since NTRN is a frequently traded cryptocurrency, the price of NTRN is always fluctuating. Earn more NTRN by buying low and selling high on the exchange. Bitget spot market provides a variety of NTRN trading pairs to fully meet your needs.
    Earn by staking NTRN: You can also generate income through financial management methods such as staking NTRN or lending NTRN. Bitget Earn offers a variety of financial products designed to help you earn more income from your NTRN.
    Send or pay NTRN: If you want to give NTRN to your friends, a charity, or a fundraiser, or you want to pay someone with NTRN, you can quickly and easily send NTRN to the recipient through their payment address.
    You can also go to the official website of the Neutron project to learn more about the use cases of NTRN. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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    NTRN resources

    Tags

    Hybrid - PoW & PoS
    SHA-256
    Links
    Neutron WebsiteNeutron WhitepaperNeutron TwitterNeutron Github

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