Last September 3, the Newton Project announced via a press release published on PRNewswire the launch of their much-awaited NewChain Testnet.
The firm also revealed that it had also successfully launched its NewPay and a block browsing platform dubbed NewExplorer.
NewChain Runs A New TestNet
The firm claims that the platform is capable of conducting 10,000 transactions per second (TPS) with a real WAN of 5000 TPS. The platform also reportedly supports a block generation rate of 3 seconds.
The platform is also split into two sections, called the main chain and sub-chain. The main chain is used to support account management, Newton token management, sub-chain management, and human-machine network governance. The sub-chain, meanwhile, handles various business scenarios, and multiple consensus mechanisms and data structures while maintaining high scalability. The main chain uses the Delegated Proof of Stake (DPoS) consensus mechanism, and the super nodes are elected through voting and deployed globally. While the super nodes are currently installed in the US, Tokyo, and Singapore, the Newton team says they are currently working on expanding across multiple regions in the future.
Introducing: NewPay And NewExplorer
The Newton Project’s NewPay is a cryptocurrency wallet that supports both Android and iOS devices. The wallet’s features include wallet creation, importing and exporting wallets, scanning for payment, and Near Field Communication (NFC) protocols.
Meanwhile, the newly launched NewExplorer currently supports block browsing, transaction query, account inquiry, and other functions. Both products will continue to be updated in the future, the company says.
The Newton team states that from a technical standpoint, the security, the transaction processing speed, and the scalability of all three new products are sufficient to provide a solid foundation for commercialization. The team is already planning several major application scenarios and are already preparing for new ventures and opportunities.
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