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COINTURK NEWS > Altcoin News > Neutron (NTRN): An Innovative Smart Contract Platform for Interchain Collaboration
Altcoin News

Neutron (NTRN): An Innovative Smart Contract Platform for Interchain Collaboration

In Brief

  • Neutron (NTRN) is an intelligent contract platform developed using Tendermint and Cosmos SDK, designed to facilitate cross-chain smart contract distribution. With its Replicated Security (RS) feature, it collaborates with Cosmos Hub security to provide developers with the ability to collaborate across various blockchains.ContentsWhat is Neutron?Where to Buy NTRN Coin? What is Neutron? Neutron is an […]
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Neutron (NTRN) is an intelligent contract platform developed using Tendermint and Cosmos SDK, designed to facilitate cross-chain smart contract distribution. With its Replicated Security (RS) feature, it collaborates with Cosmos Hub security to provide developers with the ability to collaborate across various blockchains.

Contents
What is Neutron?Where to Buy NTRN Coin?

What is Neutron?

Neutron is an unsupervised smart contract platform developed with Tendermint and Cosmos SDK. This platform is designed to facilitate cross-chain smart contract distribution and locally supports CosmWasm, Replicated Security (formerly known as Interchain Security), and Inter-Blockchain Communication (IBC) protocols.

The Replicated Security (RS) feature provides developers with the security of Cosmos Hub’s powerful Proof of Stake (PoS) consensus mechanism. Cosmos Hub is a decentralized blockchain that enables collaboration between different blockchains.

RS allows a provider blockchain to allow consumers, or Neutron, to create blocks from the Cosmos Hub. Node operators receive additional ATOM tokens for this process and can be penalized if they fail to verify blocks for the consumer blockchain. Neutron also supports IBC, Interchain Queries (ICQ), and Interchain Accounts (ICA), enabling smart contracts to communicate seamlessly with other blockchains. It is also possible to perform complex operations such as cross-chain collateralization and liquid staking.

ICQ allows smart contracts to securely retrieve information from remote blockchains without relying on third-party oracles. This allows developers to create cross-chain applications with low cost and high speed.

Developers create a specific set of features based on their chosen platform and market needs. However, Neutron surpasses these limitations by providing access to various blockchain features and simultaneous access to multiple markets. Additionally, it stands out from other smart contract platforms by offering a user-friendly interface and advanced trading tools.

The NTRN coin is the native asset of the Neutron network and has a maximum supply limit of 1 billion. NTRN coin is listed on various cryptocurrency exchanges, including Binance.

Where to Buy NTRN Coin?

NTRN coin can be safely bought and sold from Binance, the world’s largest cryptocurrency exchange by trading volume. At the time of writing, NTRN coin is traded on Binance in NTRN/BTC, NTRN/USDT, and NTRN/BNB trading pairs.

To buy NTRN coin, it is necessary to first become a member of Binance exchange. After completing the registration process, cryptocurrency or fiat currency such as Turkish Lira should be transferred to the Binance account wallet. Once the transfer is completed, NTRN coin can be purchased in the mentioned trading pairs.

To make a purchase from the NTRN/USDT trading pair, the interface of this pair should be accessed first. The desired amount to be purchased is entered in the specified field under the limit tab on the trading pair interface. After entering the amount, the purchase is completed with the NTRN Buy order.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 10 October, 2023 - 5:53 pm 10 October, 2023 - 5:53 pm
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