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Newton Project has clearly launched its blockchain artefact NewChain TestNet, forth with Newton’s wallet NewPay and browser NewExplorer.
This marks that Newton now has a artefact which embodies its visions for the future, namely a bit-by-bit and abiding action to commercialization.
With commendations to transaction processing speed, abstruse solutions and artefact functions, Newton’s NewChain TestNet and added articles accept accomplished a actual aerial akin of abstruse composure in adjustment to accommodated bartering requirements.
According to Newton’s official announcement, NewChain TestNet has been able to ability 10,000 TPS; in absolute WANs, it can ability 5,000 TPS. Meanwhile, the aforementioned indicator of EOS and BTS is about 3,000 TPS, and of the all-around boilerplate allowance centermost VISA is 2,000TPS.
NewChain consists of a capital alternation and abounding sub-chains. The capital alternation supports annual management, Newton badge management, sub-chain management, human-machine arrangement governance, etc. The sub-chain supports assorted business scenarios, and assorted accord mechanisms and abstracts structures, and is awful scalable. The capital alternation adopts the Delegated Proof of Stake (DPoS) accord mechanism, and the cool nodes are adopted through voting and deployed globally.
Newton’s wallet NewPay supports functions including the conception of wallets, importing and exporting wallets, scanning for payment, NFC and so on. Two IoT accessories acclimated in aggregate with NewPay are accessible for use. Newton’s browser NewExplorer provides block browsing, transaction query, annual analysis and added functions. According to Newton’s official disclosure, the two above articles will abide to be adapted in the future.
From a abstruse point of view, the security, the transaction processing speed, and the scalability of the articles are acceptable to accommodate a solid foundation for commercialization. According to Newton team, they accept already planned several above appliance scenarios and are assiduously advancing for accessible ventures and opportunities.
With the barrage of NewChain products, the Newton aggregation has planned several above appliance scenarios such as retail, accumulation chain, finance, entertainment, etc. Chain-commerce retail will be the aboriginal applied appliance for the Newton activity and will be Newton’s aboriginal advertise scenario.
It is accustomed that Newton should accept retail as its aboriginal appliance scenario. Newton architect Mr. Jizhe Xu was the CTO of of OKbuy.com, which is China’s better cossack e-commerce belvedere and has accustomed a abundant advance of $77 actor from Sequoia Capital and Tencent. Mr. Jizhe Xu has already aggregate several adept entrepreneurs of E-commerce as a “Newton Core Community of Common Interest”. Therefore, for the Newton team, retail industry is their best accustomed battlefield with their moat already built.
At present, several applications of Chain-commerce retail industry, including NewMall, are beneath developing and are accepted to awning abounding countries and assorted models.
According to Newton team’s forecast, in 2024, Newton Chain-commerce retail will ability the GMV of 3 billion yuan. If the ambition is achieved, Newton will apparently rank amid the arch blockchain projects in agreement of transaction size.
Newton Website: https://www.newtonproject.org/#
Contact Person: pengqingying
Contact Email: [email protected]
Telegram: https://t.me/Newtonproject
Company Name: Newton Universe Limited
Email:
[email protected]
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