Buy Neutron (NTRN)
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:
- Developing DeFi applications that leverage cross-chain liquidity and interoperability.
- Enabling NFT transfers across different blockchains, supporting a broader NFT ecosystem.
- Improving supply chain management through transparent and efficient tracking solutions.
- Facilitating secure cross-border trade settlements.
- 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.
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Frequently Asked Questions (FAQs)
What is the current price of Neutron (NTRN)?
The Neutron price is $0.59111982 AUD, representing a -3.2% from the day prior.
Where is the best place to buy Neutron (NTRN) in Australia?
The best place to buy Neutron (NTRN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Neutron (NTRN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Neutron (NTRN)?
The trading volume of Neutron (NTRN) is $12.1M AUD in the last 24hrs, representing a -3.2% from the day prior.
How can I buy Neutron (NTRN)?
Neutron (NTRN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Neutron (NTRN)?
The current market cap of Neutron (NTRN) is $167.1M AUD.
Can I convert Neutron (NTRN) to cash?
Yes - With Coinstash you can convert your Neutron (NTRN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Neutron (NTRN) are there?
The current circulating supply of Neutron (NTRN) is 284.8M.
Is Coinstash a safe place to buy Neutron (NTRN) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Neutron (NTRN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.