Newton (NEW token), the project defined as the infrastructure of the community economy. Its technical framework includes: the application layer, the protocol layer, and the underlying technology layer.. Newton provides full governance, collaboration, incentives for the establishment of a general purpose community economy.
What is Newton (NEW Token)? (Chapter 1)
Category: Payments, Blockchain as a Service
Newton: Infrastructure for the Community Economy
The name of the project is Isaac Newton. His self-propelled human-machine nodes inspired this project.
Newton (NEW Token ) What does the project involve?
Users own data
Users create their own personal loans by enriching and controlling their personal data with cryptography. Users share the profit generated by the data in a pre-agreed manner.
More effective incentive mechanism
It is possible to reduce transaction cost by replacing traditional business intermediaries with technology protocols. This cutback will be distributed to contribute to service providers, consumers, and other value-based internet-connected contributors.
New organizational structure and collaboration mode
Community run by non-profit foundations economy will replace monopoly broker platforms run by traditional for-profit companies. Based on clear, fair and rational rules, every participant will benefit from and be a part of the economy.
Technology
NewChain
NewChain, blockchain It will focus on improving the scalability, performance and privacy controls of . provides the option and opportunity to create a new subchain. The main chain and the subchain communicate via the Value Transmission Protocol.
The protocol defines two types of transactions: VTPBlockTx and VTPDataTx. VTPBlockTx defines the format of the latest block information sent by the child chain to the main chain. The main chain verifies the legitimacy of the information presented by the subchain and indexes the real-time operating status of the subchain. VTPDataTx defines the way data is transmitted and the way it searches for smart contracts between subchains.
NewNet
Complex computing power, in addition to transactions, payments and other functions text, image, video, etc.. large amount of data will be stored. Transactions; It can be handled by NewChain, which serves as a decentralized computing infrastructure to provide services to applications, including name services, computing services, and storage services.
NewNet supports databases and many common programming languages, while being secure and is an open network that provides reliable storage services. Most services are hosted directly on NewNet. Developers can publish computing tasks, and nodes can select related tasks according to their computing power, complete tasks and receive relevant incentives. Thanks to blockchain technology, decentralized name services are implemented to increase NewNet’s ease of use.
Users can directly access NewNet via browser and choose to sync all network services to local or download data as needed.. If users don’t want to run NewNet node locally, they can choose to access with proxy node.
What is Newton (NEW token)? Part Two
Atom Hashing
Atom Hashing is non-digital, including weight, volume, size, shape, texture, optical properties, radioactive properties, thermodynamic properties, and various customized random properties uses machine vision and deep learning technology to quickly extract multiple features of assets. Then, based on these characteristic data and algorithms, unique identity and authentic right for the digital asset can be created.
The whole process is repeatable, verifiable and fault-tolerant.. For example, the goods leaving the factory first, the meta hash calculation can be performed on the goods and the calculation result can be stored in the blockchain. In the subsequent circulation of the commodities, customers can verify whether the commodities they receive are genuine at any time.. However, the cost of using this technology is currently relatively high, so it will mainly be applied to commodities such as diamonds and will be applied to a wider area with technology advancements and cost reduction.
New Internet of Things
NewIoT, includes blockchain gateways, communication protocols between IoT devices and gateways, design features, and the like. The gateway has powerful computing and storage capabilities, including Ethernet/fiber, 3G/4G/5G, NB-IoT, BLE, Wi-Fi, ZigBee and similar IoT communication protocols with built-in blockchain nodes. The IoT device stores the collected information into NewChain through the gateway.
Based on the NewIoT specification, temperature, humidity, air pressure, lighting, acceleration, vibration, magnetic field, pressure, harmful gases, GPS and other sensors, sound A number of NewChain IoT devices can be developed, including collectors, image sensors.
What is a NEW Token? for the continuation of the article 2. click the section title.
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