NETON’s blockchain is a chain-type link-based distributed data that is generated based on the P2P method of small-scale data called ‘block’. A ledger management technology based on distributed computing technology that stores in a distributed storage infrastructure and allows anyone to view transaction results without arbitrary modification.
Blockchain is a form of distributed data storage technology in a storage environment that is designed to prevent arbitrary manipulation by operators of distributed nodes as a list of changes that record continuously changing data on all participating nodes.
Blockchain technology is used for most cryptocurrency transactions, including Bitcoin. Because the cryptocurrency transaction process is used in decentralized electronic books, servers are operated on each computer of many users running blockchain software, allowing free transactions between individuals without a central bank.
The three elements that make up the NETON blockchain ecosystem are governance, token economy, and technology.
Governance represents the policy side of NETON, token economy represents economic direction, and technology represents the knowledge element direction of blockchain. These three elements of NETON complement each other. Token economy is a key substructure in the ecosystem composition of blockchain and determines the direction of knowledge elements and whether governance continues.
Governance and token economy can also be established only through blockchain technology.
Key Features of NETON Blockchain
1. Dispersibility: Enables transactions, matching, and campaign creation in a distributed network (P2P) environment without having a trusted third party, operating a distributed system and reducing necessary costs such as maintenance
2. Scalability: NETON smart contract source is open and anyone who participates in the network can connect and expand through NETON third-party API
3. Transparency: All data records of NETON can be accessed publicly, enabling transactions to be nurtured and regulatory costs to be reduced
4. Security: Transaction history books are jointly owned by all network participants to prevent transaction data manipulation and ensure integrity
5. Stability: Distributed network structure does not have a single point of failure. Failure or performance degradation of some participating systems will not affect the entire network