What Is Newton (NEW)?

Newton aims to build an infrastructure for a community-based economy. The community economy is a new model set by human-machine communities through smart collaboration and chain-commerce. Newton is designed to tribute Sir Isaac Newton, a gold standard system founder. Human-machine communities are those where each person and machine is considered a node and are linked together.

Newton’s human-machine nodes are self-driven and automatically motivated, which provides complete governance, collaboration, incentives, and other support for establishing a community economy. Newton upgrades the corporate economy to a brand-new community-based economy that benefits everyone contributing.

Newton’s technical framework includes the application layer, the protocol layer, and the foundational technology layer:

• Basic Foundation Tech Layer:Newton Mainnet was launched with a “Main chain + sub chain” structure and with Proof-of-authority (POA) consensus mechanism. Its transaction per second (TPS) is over five thousand. Proof-of-authority (POA) is a consensus method that offers a designated or particular number of blockchain actors the power to validate transactions or interactions with the network and to update its more or less distributed registry. 

• Protocol Layer:This layer supports digital identity and credit, digital marketing, transactions, payments, supply chain, trusted physical channels, self-finance, etc., to support Dapps with real business value, such as New Mall.

• Application Layer:Newton’s premier Dapp, NewMall, is the first blockchain secured E-Commerce platform that runs on Newton. NewMall is an on-line chain retailer that allows peer-to-peer trading without the intervention of a commercial intermediary. The success of NewMall demonstrates a real-world use case for blockchain. It is a proven system that can be applied towards various other industries such as agriculture, supply chain, finance, public welfare, games, etc. This allows profits to be distributed evenly throughout the ecosystem.

As per its whitepaper, the Newton token, abbreviated as NEW, is a built-in tool used for value measurement, storage, and incentives. NEW helps transfer value between the main chain and its sub-chains and even between the sub-chains.

Furthermore, a total of sixty billion NEWs are used for community mining which will be released in fifty years. Users can get NEW by inviting users to create NewID, use NewPay, participate in governance, and shop on Dapps. NewPay is the decentralized digital wallet of the Newton community economy. NewID is the secure- decentralized ID that users can utilize to navigate the Newton ecosystem. The creation of NewID costs 99NEW and some gas fee.

History of Netwton (NEW):

Newton was launched on December 18, 2018. As of June 2019, the Newton Project had established thirty overseas telegraph groups covering more than 170,000 people. The Newton team comprises experts from different countries, e-commerce entrepreneurs, and other industry elites. The total circulation of NEW tokens is one hundred billion.