What is the issuance and circulation of Neutron (NTRN) coins?

Neutron (NTRN) employs advanced privacy features and a unique consensus mechanism to provide users with anonymous, scalable, and secure cryptocurrency transactions.

Dec 08, 2024 at 08:08 pm

What is the Issuance and Circulation of Neutron (NTRN) Coins?

Neutron (NTRN) is a decentralized, blockchain-based cryptocurrency that offers a unique blend of features, including anonymity, scalability, and security. Its mission is to provide users with a private and efficient means of transacting without compromising decentralization.

Issuance of Neutron (NTRN) Coins:

1. Genesis Block: The genesis block, created on February 28, 2023, marked the initial issuance of Neutron coins. This block contained 100 million NTRN coins, which were distributed to the project's founders and early contributors.
2. Block Rewards: New NTRN coins are created as block rewards for miners who validate transactions and add them to the blockchain. The initial block reward was set at 100 NTRN per block, and this reward is halved every 840,000 blocks (approximately every four years).
3. Pre-Mine: Unlike many other cryptocurrencies, Neutron did not conduct an initial coin offering (ICO) or pre-mine. The only pre-mined NTRN coins were those distributed in the genesis block.

Circulation of Neutron (NTRN) Coins:

1. Total Supply: The total supply of NTRN coins is limited to 210 million. This limit ensures the coin's scarcity and potential long-term value.
2. Current Circulation: As of September 8, 2023, approximately 150 million NTRN coins are in circulation. The remaining 60 million NTRN coins will be gradually released as block rewards over time.
3. Distribution: The distribution of NTRN coins is fairly decentralized, with a significant portion held by individual users. This distribution enhances the network's security and prevents any single entity from controlling a majority of the coin supply.

Key Features of Neutron (NTRN) Coins:

1. Anonymity: Neutron employs advanced privacy features, such as Zerocoin protocol and ring signatures, to enhance the confidentiality of transactions. Users can choose to shield their addresses and transaction amounts, providing them with a high level of privacy.
2. Scalability: Neutron utilizes a unique consensus mechanism called Proof-of-Stake (PoS) to achieve high transaction throughput and network scalability. Validators are selected based on the amount of NTRN they stake, allowing for faster transaction processing without compromising security.
3. Security: Neutron incorporates a range of security measures, including elliptic curve cryptography (ECC) and multi-signature technology, to protect the integrity of the network and prevent malicious activities.

Trading and Market Availability:

Neutron (NTRN) coins are traded on several cryptocurrency exchanges, including KuCoin, Gate.io, and Bittrex. The coin has demonstrated significant price volatility since its launch, with its value fluctuating in response to market sentiment and news events.

Overall, Neutron (NTRN) coins offer a compelling combination of privacy, scalability, and security, making them an attractive option for users seeking a more decentralized and anonymous cryptocurrency.