BitNew Chain (BitNew Chain) is a decentralized commercial application (DAPP) development platform that supports software and hardware expansion. It currently adopts PoS mining and supports smart contract technology. In the future, it will adopt standardized physical master nodes, and Resource isolation, decentralized computing (BTN-DC), and decentralized storage (BTN-FS) form a dual blockchain network, which expands blockchain applications to the hardware field and improves the performance and application scenarios of the main chain. At the same time, Bixin Chain will further build a cross-chain communication system combining software and hardware and an artificial intelligence expandable module to enrich application scenarios, reduce use costs, and improve user experience.

About the BITNEW chain

Highly scalable decentralized application development platform. Support software/hardware expansion.

Bitcoin ushered in the era of decentralized peer-to-peer payments. Subsequently, Ethereum created the era of decentralized application platforms with smart contract functions. Outstanding teams such as EOS and QTUM have made various effective attempts in the field of decentralized software application operating systems, including performance, consensus mechanism, operating speed, application scenarios and costs, etc. BitNew Chain is based on building a two-layer decentralized blockchain network with standard physical master nodes, resource separation, decentralized computing subsystem (BTN-DC) and decentralized storage subsystem (BTN-FS), etc., to achieve peer-to-peer payment and smart Contracts extend blockchain applications to hardware.

Characteristics of BITNEW chain

Core Features

Decentralized software
As a decentralized smart contract network, BitNew provides a high-performance and customizable decentralized operating system that enables developers to Row coding to deliver commercial DAPPs. Through the BTN Masternodes and DPoS consensus, the BitNew chain is fully capable of processing millions of transactions per second with low latency, thereby enabling various million-level DAU commercial DAPPs on it.

Decentralized hardware
Taking the hardware standard of BTN Masternode as an example, in the BitNew chain ecosystem, DAPP developers will become contributors to hardware ), OEMs can infiltrate decentralization into various fields of application hardware, such as smart home and smart mobile solutions. Different from the existing Internet of Things (IoT) and cloud computing, the BitNew chain completes data collection from the hardware on it, and then performs decentralized storage and calculation. The whole process is free from tampering or abuse, thus liberating the connection between physical objects, For example things from a central server.

Cross-chain communication
BitNew Chain provides a protocol for cross-chain interoperability, which is realized by two functional parts: "cross-chain token exchange" and "cross-chain chain transaction verification". Cross-chain token swaps will be implemented through an atomic swap mechanism similar to the Lightning Network, enabling efficient swaps between compatible blockchains. At the same time, the block headers of compatible blockchains can be saved by BTN-FS with reliable reliability for transaction message verification.

Decentralized Computing Subsystem (BTN-DC), Decentralized Storage Subsystem (BTN-FS) and Resource Isolation
BTN-DC and BTN-FS solve blockchain network efficiency and reliable node requirements. Using BTN-DC, solvers and verifiers can be randomly selected through the consensus mechanism, so as to quickly find reliable nodes and improve computing power. BTN-FS includes the integration and digitization of node storage resources, which improves storage efficiency. Resource isolation divides application data into on-chain consensus (critical data) and off-chain storage (non-critical data), thereby reducing the storage and computing pressure on the main chain.

Other Features

Flexible Transaction Fee Model
Advanced Governance Protocol
Privacy Enhancement
Artificial Intelligence Extension

Technical features

Two-layer network --- isolate the master node from other nodes.

Physical master node --- BTN has set the "Hardware Qualification Requirements for Hardware Specifications" supported by hardware suppliers.

Cross-chain communication---cross-chain token exchange and token transaction verification.

Extended to decentralized hardware --- make masternode as a server, and the hardware is decentralized.

DPOS consensus --- fast voting to ensure the efficiency of the BTN main network.

Hybrid mining --- proof of stake for efficiency, proof of masternode for participation.

BTN-FS and BTN-DC---decentralized storage subsystem and decentralized computing subsystem.

BVM (BTN Virtual Machine)---BVM smart contract system can support more programming languages.

Expanding to AI Modularity --- Exploring decentralized applications of AI.