With the popularity of Bitcoin, entrepreneurs and developers began to recognize that the blockchain technology behind Bitcoin has vastly greater potential than simply as the basis for a new digital currency. Within just a few years, dozens of new decentralized applications (Dapps) have been built upon the blockchain technology, including encrypted messaging (Bitmessage), decentralized exchanges (Bitshares), trustless gambling (Peerplays), cloud computing (Golem), and social media (Steem).
One challenge for Dapp developers in this new blockchain economy is the difficulty of actually building a new blockchain application from scratch. In order to solve this problem, the idea of smart contract platforms was developed and implemented. Smart contract platforms, such as Ethereum, can be thought of as decentralized platforms for developing and running decentralized applications.
Unfortunately, current smart contract platforms still have various limitations, such as limited scalability, limited privacy and high usage fee/gas rates, which seriously hinder their widespread adoption. Furthermore, as most current smart contract platforms lack built-in resource segregation support, all computing and storage are performed on-chain, which is prohibitively expensive for large commercial applications. Governance over blockchain itself is also chaotic, which makes it impossible to quickly reach consensus on urgent issues or updates.
Here we present BitNew-Chain (BTN), a next-generation decentralized application platform for commercial applications that addresses all aforementioned problems. BitNew-Chain (BTN) aims to build a nextgeneration decentralized platform with several key improvements. BTN is designed with higher scalability, a more flexible fee/gas model, less storage/computing constraints, and better governance protocols. All core functionalities, such as decentralized storage and computing, are integrated into a unified platform.
Therefore, commercial applications such as
decentralized games and IoT systems can be built smoothly using the BTN platform without dependency on any other third parties, which makes BTN an ideal platform for Dapps.
BitNewChain
