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AB Stock

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AB FAQ

{ "q": "about", "a": "The Newton Project is dedicated to establishing the infrastructure for a community-based economy by offering services related to governance, collaboration, and incentives. Newton consists of a foundational public chain known as New Chain, a distributed storage service referred to as New Net, and New IOT, which encompasses over a dozen sensors. The main net was launched in December 2018, featuring a \"Main chain and Sub chain\" structure, along with a POA consensus mechanism.\n\nIn addition, Newton incorporates a Hyper Exchange Protocol designed for DApps in sectors including digital identity, credit, supply chain, and digital marketing. The initial dApp operating on Newton is New Mall, an online chain retailer. Furthermore, Newton plans to extend its support to applications in areas such as agriculture, supply chain, payment, public welfare, and gaming.", "rank": "0" }

What is Newton?

Newton (NEW) is a cryptocurrency project that pays tribute to Sir Isaac Newton by seamlessly integrating finance and technology. Its logo, featuring a combination of a calculus symbol and a coin's ridged edge, embodies this unique fusion. Overseen by the Newton Foundation, the project offers a community hub for user participation and provides resources such as a media kit and downloadable slides. It supports multiple languages and has a detailed roadmap for future development. The Newton Project aims to construct the infrastructure for a community-based economy by offering services focused on governance, collaboration, and incentives. It includes an underlying public chain called New Chain, a distributed storage service known as New Net, and New IOT, which incorporates over a dozen sensors. The mainnet, launched in December 2018, features a "Main chain and Sub chain" architecture and utilizes a Proof of Authority (POA) consensus mechanism. A critical component of the project is the Hyper Exchange Protocol, designed to support decentralized applications (DApps) in various domains, including digital identity, credit, supply chain, and digital marketing. The first DApp on Newton is New Mall, an online retail chain. Additionally, Newton aims to extend support to applications in agriculture, supply chain, payment, public welfare, and gaming sectors. In Canada, Newton is recognized as a cost-effective cryptocurrency platform that enables users to trade over 70 digital currencies with competitive fees. It is registered with FINTRAC and the OSC, ensuring adherence to regulatory compliance. The platform also includes a support bot for customer assistance. See this on Eulerpool.

Certainly. Here is the text rewritten in a professional manner: What technology underlies Newton?

The technology behind Newton (NEW) is a sophisticated framework created to support a community-based economy. Central to its structure, Newton operates on a multi-layered architecture comprising the basic technology layer, the hyper exchange protocol layer, and the application layer. This architecture enables Newton to provide a comprehensive suite of services that go beyond simple transactions, aiming to develop a more open financial system and empower users with economic freedom. Newton's blockchain, known as NewChain, serves as the backbone of this ecosystem. It incorporates a "Main chain and Sub chain" structure, enhancing scalability and flexibility. The consensus mechanism used by NewChain is Proof of Authority (POA), renowned for its efficiency and lower energy consumption compared to other mechanisms like Proof of Work (PoW). POA depends on a limited number of trusted nodes to validate transactions, making it faster and more cost-effective. To ensure security and mitigate attacks from malicious actors, Newton's blockchain employs several strategies. The POA consensus mechanism itself serves as a deterrent to malicious activities, as only authorized nodes can validate transactions. Additionally, the use of distributed storage services (New Net) and New IOT, which incorporates over a dozen sensors, adds layers of security and redundancy. This distributed approach makes it difficult for any single point of failure to compromise the network. Newton also features a Hyper Exchange Protocol, which facilitates decentralized applications (DApps) across various sectors such as digital identity, credit, supply chain, and digital marketing. This protocol is designed to enable seamless interactions between different DApps, enhancing the overall utility of the Newton ecosystem. The first DApp operating on Newton is New Mall, an online chain retailer, demonstrating the practical applications of this technology. The Newton Project extends its reach into diverse sectors, including agriculture, supply chain management, payment systems, public welfare, and gaming. By leveraging blockchain technology, Newton aims to create a more transparent and efficient system for these industries. For example, in agriculture, blockchain can be used to trace the provenance of products, ensuring quality and authenticity. In supply chain management, it can provide real-time tracking and verification of goods, reducing fraud and enhancing efficiency. Newton's Testnet and Mainnet provide environments for public testing and deployment of new features and applications. The Testnet allows developers to experiment with new functionalities without risking the integrity of the Mainnet, which is the live blockchain version. This dual-network approach ensures that innovations can be thoroughly vetted before being implemented in the live environment. The Newton Project's emphasis on governance, collaboration, and incentives is another key aspect of its technology. By offering a robust framework for community participation, Newton aims to create a more democratic and inclusive economic system. This is achieved through various governance mechanisms that allow stakeholders to influence the development and direction of the project. In terms of competitive pricing and fees, Newton stands out from other platforms by offering low-cost cryptocurrency trading. This accessibility broadens its user base, furthering its mission of economic empowerment. The platform's focus on expanding the use cases of blockchain technology beyond mere transactions distinguishes it within the crowded cryptocurrency landscape. The Newton Project's comprehensive approach to building a community-based economy is evident in its multi-faceted technology stack. From the foundational public chain (New Chain) to the distributed storage service (New Net) and New IOT, Newton is designed to support a wide range of applications and services. This holistic approach ensures that Newton can adapt to the evolving needs of its users and continue to innovate in the blockchain space.

What are the real-world applications of Newton?

Newton (NEW) is a cryptocurrency platform engineered to facilitate a community-based economy through various cutting-edge services. A key application of Newton is in the payment sector, where it offers low-cost transaction options, making it particularly appealing to users who wish to avoid the significant fees commonly associated with other cryptocurrencies. This feature is especially advantageous for Canadians seeking efficient methods to buy and sell cryptocurrencies. The infrastructure of Newton comprises the New Chain, a public blockchain, and New Net, a distributed storage service. These elements underpin the development and functioning of decentralized applications (DApps). An illustrative application is New Mall, the first DApp operating on Newton, which serves as an online chain retailer. This application showcases how Newton can streamline e-commerce by providing a decentralized platform for conducting transactions. In addition to its applications in e-commerce, Newton plays an essential role in the fields of digital identity and credit. Through its Hyper Exchange Protocol, Newton aspires to deliver secure and verifiable digital identities, essential for various online services. This protocol further supports supply chain management by ensuring transparency and efficiency from production to delivery. Newton's technological capabilities extend to the Internet of Things (IoT) with New IOT, which incorporates more than a dozen sensors. These sensors can be deployed in agriculture to monitor environmental conditions, optimizing crop yields and minimizing waste. This application underscores Newton's ability to contribute to sustainable agricultural practices. In the sphere of public welfare, Newton aims to promote transparent and efficient charitable donations. By utilizing blockchain technology, Newton ensures that funds are meticulously tracked and allocated as intended, thereby increasing trust and accountability in philanthropic endeavors. Newton also finds applications in digital marketing, where it can facilitate the creation of more targeted and effective advertising campaigns. By employing blockchain for data management, advertisers can ensure that their campaigns reach the desired audience while safeguarding user privacy. In the gaming industry, Newton's blockchain enables the creation of decentralized gaming platforms, offering secure and transparent transactions for in-game purchases and rewards. This enhances the gaming experience by allowing players greater control over their digital assets. These varied applications illustrate Newton's potential to influence multiple sectors, from e-commerce and agriculture to public welfare and gaming.

What significant events have occurred for Newton?

The Newton Project, identified by the ticker NEW, is a visionary initiative focused on establishing a community-based economy through a comprehensive infrastructure that encompasses governance, collaboration, and incentives. The project integrates various components, including New Chain, New Net, and New IOT, which together underpin a range of applications. Newton launched its main net in December 2018, featuring a distinctive "Main chain and Sub chain" framework with a Proof of Authority (POA) consensus mechanism. This launch was a critical step in developing the project's technical foundation and preparing for subsequent advancements. By January 2020, Newton celebrated its second anniversary, marking a major milestone. This celebration was not only an acknowledgment of past accomplishments but also an occasion to emphasize the growth of its ecosystem. It highlighted the project's dedication to constructing a sustainable and scalable blockchain infrastructure. Moreover, Newton has expanded into the NFT and living media sectors, showcasing its adaptability and openness to exploring new technological domains. By introducing its own living media and NFTs, Newton seeks to incorporate more interactive and engaging components within its ecosystem, thereby enhancing user experience and expanding its reach. Another significant facet of Newton is the Hyper Exchange Protocol, intended to facilitate decentralized applications (DApps) across various sectors, such as digital identity, credit, supply chain, and digital marketing. The first DApp operational on Newton is New Mall, an online chain retailer, which exemplifies the practical utility of Newton's infrastructure and its potential to support an array of use cases. Newton's vision encompasses support for applications in agriculture, supply chain management, payment systems, public welfare, and gaming. This extensive scope reflects the project’s ambition to influence multiple industries and foster a more interconnected and efficient digital economy. These significant events and developments underscore Newton's continuous efforts to innovate and expand its ecosystem, positioning it as a prominent entity in the blockchain and cryptocurrency landscape. For detailed information and further updates, refer to Eulerpool.

Who are the founders of Newton?

Newton (NEW) is a cryptocurrency initiative designed to establish infrastructure for a community-driven economy, focusing on services related to governance, collaboration, and incentives. The project was founded by Dustin Walper, Erynn Saunders, and Tyson Leslie. Dustin Walper has an extensive background in technology and entrepreneurship, having co-founded multiple startups. Erynn Saunders contributes expertise in blockchain technology and digital marketing, whereas Tyson Leslie is recognized for his proficiency in software development and project management. Their collective experience has been crucial in the creation and advancement of Newton, which encompasses elements such as New Chain, New Net, and New IOT.

Investors interested in AB are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.