Neutaro Blockchain - Built on Cosmos

In the decentralized ecosystem, a Layer-1 network refers to a blockchain, while a Layer-2 protocol is a third-party integration that can be used in conjunction with a Layer-1 blockchain. Bitcoin, Litecoin, and Ethereum, for example, are Layer-1 blockchains. Layer-1 scaling solutions augment the base layer of the blockchain protocol itself in order to improve scalability. A number of methodologies are currently being developed — and practiced — that improve the scalability of blockchain networks directly.

Whilst new Proof-of-Work (PoW) chains have improved speed and efficiency, Proof-of-Stake (PoS) still has speed advantages. PoW is the consensus protocol currently in use on popular blockchain networks like Bitcoin. Although PoW is secure, it can be slow. That’s why many newer blockchain networks favor the PoS consensus mechanism. Instead of requiring miners to solve cryptographic algorithms using substantial computing power, PoS systems process and validate new blocks of transaction data based on participants staking collateral in the network.

The Cosmos network currently has over $62 Billion of assets in its ecosystem across 312 applications and services. These include giants such as The Cosmos ecosystem is growing rapidly, thanks in part to the support community and SDK toolsets that are available. This enables application owners to rapidly develop their blockchain in a tried and tested environment.

With such a strong toolset at hand, projects wishing to join Neutaro will also have the same advantages for rapid and tested development procedures. We can grow our ecosystem of applications with flexibility and speed.

Neutaro also has a powerful tool called Inter-Blockchain Communication (IBC) protocol which facilities connectivity to other blockchains.

The vision of Cosmos (Blockchain 3.0) is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way. With Cosmos, blockchains can maintain sovereignty, process transactions quickly and communicate with other blockchains in the ecosystem, making it optimal for a variety of use cases.

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