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MoreAbout Neutron
What is Neutron (NTRN)?
Neutron is a blockchain network that allows for Smart Contracts on Cosmos-family blockchains using CosmWasm. Neutron also integrates with IBC protocol networks. Additionally, Neutron's security (block validation) is ensured by the Cosmos Hub network through Interchain Security measures.
How does Neutron (NTRN) Work?
Neutron is a blockchain network that allows for Smart Contracts on Cosmos-family blockchains using CosmWasm. It's interesting to note that Neutron is built using the Cosmos SDK framework, which simplifies the process of building secure blockchain applications on top of Tendermint BFT. Neutron also integrates with IBC protocol networks and has a unique security feature called Interchain Security, which ensures block validation through the validator set of the Cosmos Hub network. Neutron is also bringing customizable Interchain Queries and Interchain Transactions to smart contract developers, which will allow for secure data retrieval and execution of transactions on foreign zones. Overall, Neutron seems like a promising addition to the Cosmos ecosystem.
What is the NTRN Token?
Neutron's native token is known as NTRN and it has various use cases such as paying for transaction fees on the network, controlling network parameters and treasury through governance for NTRN token holders, and even being used as liquidity, collateral, and reward token within its DeFi ecosystem.