What is Netrum?

Netrum (NTR) is a digital asset that aims to provide a blockchain platform with enhanced scalability, faster transaction speeds, and improved security compared to other cryptocurrencies. It is designed to be universal, practical, and user-friendly, with the intention of continually adapting and adjusting the platform to improve user experience. Netrum's core system prioritizes consumers, with the goal of developing its platform in line with current technology trends, thereby aiming to offer its users the latest tech available.

How does Netrum work?

Netrum operates using a combination of Proof of Work (PoW) and Proof of Stake (PoS) algorithms. Initially, the PoW system is used for the first 50,000 blocks, after which the PoS system takes over. The PoS algorithm randomly selects nodes as validators for the next block, based on a combination of factors such as staking age, randomization, and the wealth contained by nodes. Netrum also utilizes Masternodes, which are computer nodes that store a copy of the blockchain from the first block to the most recent. To receive compensation, these Masternodes must store a portion of the coin (2000 for Netrum) and must be operational 24 hours a day.

What are the potential use cases for Netrum?

Netrum seeks to create a new ecosystem solution that utilizes blockchain technology along with its functionality. The use of the blockchain platform and smart contracts aims to facilitate the creation of many new token-based projects running on the Netrum Blockchain. These applications, known as Decentralized Applications or Dapps, represent a potential use case for Netrum. Additionally, Netrum's compatibility with current financial systems and its user-friendly features make it a practical choice for individuals and businesses alike.

What is the history of Netrum?

Netrum's journey began in 2019 with the extension of its team and the development of its blockchain. The same year saw the release of its blockchain, the start of an airdrop, the initiation of a bounty, the release of its whitepaper, and its first exchange. The following quarters saw the release of Android and iOS Netmobile, the Payment Gateway API, and the Netcard HardWallet. In 2020, Netrum released its Decentralized Applications (DAPP) and SmartContract, which were important developments in its journey. Throughout its history, Netrum has aimed to stay in line with technology trends, continually adapting and adjusting its platform to enhance user experience.