### What is Neutron?

Neutron is a blockchain platform designed to support smart contracts and facilitate inter-blockchain communication within the Cosmos ecosystem. It leverages the Inter-Blockchain Communication protocol to enable seamless interoperability and secure data exchange between different blockchains. Built on the Cosmos SDK and integrated with CosmWasm, Neutron provides a robust environment for developing decentralised applications (dApps).

### How does Neutron work?

Neutron operates using the Tendermint consensus algorithm, a Byzantine Fault Tolerance protocol ensuring rapid and secure transaction processing. The platform employs innovative features like Interchain Security, allowing validators from the Cosmos Hub to validate its blockchain, which enhances security. Neutron's smart contracts are developed using CosmWasm, allowing for scalable and permission-less execution across multiple blockchains. Moreover, it utilises Interchain Queries and Accounts to manage secure and efficient cross-chain interactions.

### What are the potential use cases for Neutron?

Neutron offers various use cases, including:
1. Developing DeFi applications that leverage cross-chain liquidity and interoperability.
2. Enabling NFT transfers across different blockchains, supporting a broader NFT ecosystem.
3. Improving supply chain management through transparent and efficient tracking solutions.
4. Facilitating secure cross-border trade settlements.
5. Building decentralised identity management systems across multiple blockchains.

### What is the history of Neutron?

Neutron was founded in 2023 by Avril Duthiel, aiming to simplify the deployment of smart contracts on the Cosmos Hub. It launched its mainnet in May 2023, shortly after securing $10 million in investment through a funding round led by Binance Labs. Since its launch, Neutron has formed significant partnerships, including those with Axelar and Lido, enhancing its capabilities and adoption. The platform's growth is marked by various technological enhancements and increasing market presence, reflected in its substantial market capitalisation and trading volume.

Neutron

Solana

Tron

Algorand

Conflux

KAIA

Pyth Network

Kusama

Nervos Network

Mina Protocol

Qtum

Astar

Harmony

Kadena

Lisk

Glimmer

Ontology Gas

Moonriver

Neutron (NTRN)

Similar Coins

SOL

TRX

ALGO

CFX

KAIA

PYTH

NEO

KSM

CKB

MINA

QTUM

ASTR

ONE

KDA

LSK

IQ

GLMR

ONG

MOVR

Resources

Neutron (NTRN) Price Index

Neutron Price

Trading volume

Market cap

Resources