Neutron (NTRN) — price, overview & secure storage

What is Neutron and who created it?

Neutron is recognized as the most secure cross-chain smart-contracting platform. It integrates the security of a top 10 blockchain by staked capitalization with advanced cross-chain infrastructure. This combination allows DeFi applications to securely scale across a network of over 51 interconnected blockchains.

Key features of Neutron blockchain

Neutron stands out as a permissionless smart-contract platform built using Tendermint and the Cosmos SDK. It simplifies the development of secure cross-chain applications, making them more profitable. Through Interchain Security, Neutron offers developers the full Proof-of-Stake security of the Cosmos Hub, one of the ten most secure blockchains, at a reduced cost compared to running an appchain. Smart-contracts on Neutron are written in Rust and executed on CosmWasm, providing protection against common attack vectors targeting Solidity/EVM dApps. Neutron also offers interfaces for smart-contracts to execute and track transactions on remote blockchains, trigger callbacks, and retrieve data trustlessly over IBC.

How Neutron transactions work

Neutron's architecture is designed to facilitate secure and efficient cross-chain interactions. By leveraging the Cosmos SDK and Tendermint, it ensures robust security and scalability. The platform's use of CosmWasm for smart-contract execution in Rust enhances security by mitigating risks associated with traditional Solidity/EVM environments. Additionally, Neutron's integration with Interchain Security allows it to harness the security of the Cosmos Hub, providing a secure foundation for developers to build and deploy cross-chain applications.