Netrum 2019 © 2 Table of Contents 1 Background ………………………………………………………………… 3 1.1 Problem ………………………………………………………………… 5 1.2 How Blockchain Work ………………………………………………………………… 6 2 Introducing NETRUM ………………………………………………………………… 7 3 NETRUM Technology ………………………………………………………………… 9 3.1 Proof of Work (PoW) ………………………………………………………………… 9 3.1.1 How Pow Works ………………………………………………………………… 10 3.1.2 Advantages of PoW ………………………………………………………………… 14 3.2 Proof of Stake ………………………………………………………………… 15 3.2.1 How Pos Works ………………………………………………………………… 16 3.3 Masternode ………………………………………………………………… 20 3.3.1 Who Can Run Masternode ………………………………………………………………… 21 3.3.2 Collateral ………………………………………………………………… 22 3.3.3 Masternode Server ………………………………………………………………… 23 3.3.4 Masternode Reward ………………………………………………………………… 23 4 NETRUM Features ………………………………………………………………… 25 5. Coin Metric ………………………………………………………………… 27 5.1 Netrum Coin Spec ………………………………………………………………… 27 5.2 Coin Distribution ………………………………………………………………… 28 5.3 PoW Reward Breakdown ………………………………………………………………… 28 5.4 PoS Phase Reward ………………………………………………………………… 29 5.5 Masternode Reward ………………………………………………………………… 30 5.6 Premine ………………………………………………………………… 31 5.7 Statistic Coin Supply ………………………………………………………………… 34 6 NETRUM Wallet ………………………………………………………………… 35 6.1 NETWEB ………………………………………………………………… 35 6.2 NETMOBILE ………………………………………………………………… 37 6.3 NETCARD ………………………………………………………………… 38 7 Use Of NETRUM ………………………………………………………………… 41 7.1 Education ………………………………………………………………… 7.2 Crypto Debit Card ………………………………………………………………… 43 7.3 Regular Payment ………………………………………………………………… 43 7.4 NETPAY ………………………………………………………………… 45 7.5 Finance Institutions ………………………………………………………………… 46 8 Conclusion ………………………………………………………………… 47 9 Roadmap ………………………………………………………………… 48 10 Our Team ………………………………………………………………… 49 11 Disclaimer ………………………………………………………………… 50 Netrum 2019 © 3 1 Background The increasing popularity of decentralized technology in 2019 comes with definite reasons. Users of technology are much more informed than they once were. Meanwhile, people are innovating to find out the most convenient and safest method of digital transactions. Centralized technology, which has been around for many years, is associated with several problems. They include the following:  Trust The centralized technology is mainly controlled by a third-party authority, which serves as a bridge between the first and the second party. In financial industry, the third party is a bank. When you want to send money for instance, you actually send it to the bank. Then, the bank sends the money to the recipient. In other words, a third party actually keeps the records of your transactions. This raises some concerns among the users of financial system. It is about trust. Some questions arise on whether the transaction records are kept private or not, whether the clients’ identity are kept secured or not, whether the technology used by the bank is powerful enough to fight against hackers or not, and many more. The problems of trust are even prevalent in the last several years, when more and more customers of financial institutions become the victims of personal information abuse. This proves that not every financial institution applies secured protection over the clients’ identity. When identity thefts get into the system, the clients always become the disadvantaged party. Netrum 2019 © 4  Scalability and Reliability As the volume of financial transaction keeps increasing, the issues of scalability and reliability become more prevalent. Customers of conventional financial system begin to question scalability of the current system. When the system fails to scale accordingly, the transactions will be faced with several problems like delays, downtime, loss, and many more. These may result in substantial financial loss on the part of customers. Furthermore, failure of scalability automatically affects reliability. Unreliable systems will not be able to manage the transactions properly.  Costs Involvement of the third-party service leads to increasing costs. The first and the second parties are required to pay some fees to the third party. The fees come in different reasons like account management, transaction fees, service fees, and many more. Meanwhile, a decentralized financial system eliminates the third-party fees since the transactions happen directly between the first and the second party. Fortunately, the coming of blockchain technology in 2009 has successfully changed people’s mindset on the financial technology. More people are now shifting from the centralized to decentralized technology. Bitcoin is the first digital currency (cryptocurrency) backed by blockchain technology. As Bitcoin grows successfully, more cryptocurrencies are now entering the competition platform. Blockchain technology revolutionizes the system as a whole, not only how the transactions are done, but also how businesses are done in different levels. The cryptocurrency market is now flooded with so many coins and tokens issued by different business entities with different motifs. A number of digital coins, tokens, Netrum 2019 © 5 and projects are based upon blockchain. However, some others simply adopt the essence of blockchain and use unique and interesting names. Unfortunately, the blockchain technology still has so many things to do to affect people’s daily life in a significant way. In spite of so many digital coins in circulation, they provide little, if any, impacts upon the daily life. For instance, few, if any, cryptocurrencies provide mobile apps, which allow the users to make transactions while away from home. As a result, the blockchain technology still focuses on the development of cryptocurrency projects, while virtually overlooking their uses in real life. As a result, the meaning is reduced to simply market values of the crypto money. Actually, blockchain was developed as a revolutionary bridge to the development of applied technology. The good news is that a number of cryptocurrency projects appear to help addressing the problem. One of them is NETRUM, which is backed by NETRUM Eco System. NETRUM offers hassle-free physical realization to facilitate digital asset exchanges. The NETRUM Coin System is expected to revolutionize the blockchain financial system. In the end, the wall between the physical and digital worlds will ruin. 1.1 Problems A number of benefits offered by Blockchain technology bring about the development of Altcoin throughout the world. Now, there are more than 2000 types of coins/projects registered on coinmarketcap.com. More digital coins are circulating. As a result, more problems are identified. Blockchain technology was recently faced with some major problems, particularly in relation to production costs and electric bills. Mining process is considered not environmental friendly, since it requires substantial electric power. Globally, the electric power required Netrum 2019 © 6 for a Bitcoin mining equals to electric consumption in 159 countries around the world! Another problem is that Bitcoin, Ethereum, and many other PoW (Proof of Work)- based Altcoins are very slow in processing the transactions. They were even slower than the conventional digital payment systems like Visa card and PayPal. Bitcoin networks can only process, on average, 4-6 transactions per second. Meanwhile, Visa card can process up to 40,000 transactions per second. Given those problems, Bitcoin technology now has a problem with reliability and scalability. Is the technology able to scale based on the volume of digital transactions? Or, is the platform not dependable enough to accommodate all the transactions? When the system is unable to run smooth under heavier workload, there must be a problem with its dependability and scalability. 1.2 How Blockchain Works Blockchain works based upon a trustless and distributed consensus system. What do they mean? The system means that you do not need to depend and/or trust athird party to send and/or receive money from someone else. You can send the money directly or receive it right from the sender. This is what makes cryptocurrency transactions different from conventional transactions. In conventional financial system, you actually send the money to a third party (for instance, banks, Visa, PayPal, MasterCard, and many more). Then, the third party sends the money to the recipient. What does this mean? You need to trust a third party. With cryptocurrency system, anyone in the ledger (network) has the copy of transactions. Anyone has similar functions and roles. There is no need for a third party. Anyone can see the transactions, but only the real recipient can verify the information directly. #nerrium#netrium#coin#blockchain#strong#techononlogy

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