Neutron (NTRN): The Most Secure Smart Contract Platform in the Cosmos Ecosystem

Neutron delivers advanced features involving the Cosmos Hub and CosmWasm ecosystems. The combination of the two makes Neutron able to offer innovative solutions to scalability and interoperability problems in DeFi platforms, which other smart contract platforms do not have . This article will discuss in more depth what Neutron is, how it works, and the superior features it has. Let's take a look!

What is Neutron (NTRN)?

Neutron is the most secure permission -less smart contract platform for interchain DeFi. Built using Tendermint on the Cosmos SDK, the platform allows developers to launch smart contract- based applications that can be extended across Interchain, a network of more than 50 blockchains connected via the Inter-Blockchain Communication (IBC) protocol. 

Neutron's goal is to address the scalability issues currently faced by DeFi platforms by offering a faster, cheaper, and safer alternative to digital asset trading and exchanges. 

How Neutrons (NTRN) Work 

Source: Neutron.org

Neutron offers a number of advanced features including CosmWasm, Replicated Security (RS), and IBC protocols. 

CosmWasm is a programming language and runtime environment for creating smart contracts on the Cosmos blockchain. Using the Rust programming language, CosmWasm offers a highly efficient, secure and fast virtual machine because it is capable of running smart contracts in a matter of milliseconds. 

Meanwhile the RS feature in Neutron brings the security of the Proof of Stake consensus mechanism in Cosmos Hub to developers. Cosmos Hub is a decentralized blockchain that supports the Cosmos ecosystem through interoperability between various blockchains. RS allows providers to create blocks for Neutron from Cosmos Hub. Operator nodes receive additional tokens (ATOM) and can be penalized if they fail to validate blocks for Neutron. 

Neutron also supports Interchain Queries (ICQ) and Interchain Accounts (ICA), enabling each smart contract implemented on the platform to establish seamless communication with the entire IBC. It also enables complex operations such as inter-chain collateralization and inter-chain liquid staking . Meanwhile, ICQ allows smart contracts to retrieve information from the blockchain without third-party oracles, thereby accelerating the development of cross-chain applications at low cost. 

Through the Neuron platform, developers can leverage a set of features from other blockchains, such as Secret Network or Penumbra for privacy or Sei Network for high speed. In addition, Neutron's interoperability also gives developers the freedom to deploy to multiple markets simultaneously.

Neutron's unique consensus process and various advanced features are a plus for the growing ecosystem of blockchain-based financial networks. 

What are the uses of NTRN tokens?

As a native token on the Neutron network, below are some of the functions and uses of the NTRN token: 

• Transaction fees: Transaction fees are Neutron's main source of revenue, which can be paid in NTRN or ATOM tokens. These fees can come from local transactions and cross-chain transactions via Neutron's IBC fee model. In the future, Cosmos Hub and Neutron DAO validators may decide to accept additional denominations such as USDC or other Cosmos native tokens. 
• Maximum Extraction Value: Through mev-tendermint, a Tendermint fork developed by Skip, NTRN can be used to guarantee guaranteed execution for transaction bundles at the top of the Neutron block.
• Potential applications: In the future, Neutron DAO could create additional functionality for NTRN. For example, through Mesh Security, it can be used to provide additional economic security to other linked chains in return for staking . Or, if Neutron develops its own L2 ecosystem, NTRN staking could be used to choose which operators get access to the sequencing privileges of a particular rollup .

Tokenomics

Source: Neutron.org

Neutron has a total token supply of 1,000,000,000 NTRN. Following are the NTRN token allocation details:

• Founders: Locked for one year and will be unlocked linearly over three years, with no voting during transfer restrictions. 
• Early backers: Locked for one year, open liner for three years, with voting over transfer restrictions.
• Community: Tokens allocated to the community via airdrops and Neutron launch events. 3 month opening period and additional key options, with voting during transfer restrictions. 
• Neutron DAO: Tokens held in Reserve DAO and Treasury. Most are liquid, they can only be used or transferred with the approval of a majority of voters.

Conclusion

Neutron is a smart contract platform designed to overcome the challenges of expansion and interconnection that other smart contract platforms often face .

By leveraging the security provided by Cosmos Hub and an interconnectable infrastructure, Neutron provides an efficient, secure, and fast platform for developers to create financial applications that can operate across platforms. 

Unique features such as its distinctive consensus process, advanced technology, and modular design make it an attractive choice in the fast-growing ecosystem of blockchain-based financial platforms. 

As the first consumer chain to launch within the Cosmos Hub Interchain security framework, Neutron's success will create a mutually beneficial relationship between Neutron and Cosmos Hub, which will in turn increase the value and security of both.

When the article was written, Neutron was in 300th place based on Coinmarketcap data with a total market capitalization of IDR 1.56 T.  

How to Buy Neutron (NTRN) on Bittime

You can buy and sell Neutron tokens (NTRN) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. 

To be able to buy NTRN tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. 

After that, you can make NTRN purchases in the application. NTRN is available on Bittime in the NTRN IDR pairing . 

Monitor the price chart movements of Neutron (NTRN), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime. 

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.