NewPay for Newton ecological applications

xiaojin (32)in #newtown • 6 years ago (edited)

The Newton project has been polished for several months today, and the testing network is now online, and a beta version of Newton wallet NewPay was released recently. Here's a look at NewPay.
Most of today's digital currency wallets need to be backed up to keep their assets safe. NewPay is also not listed, but NewPay does not support screenshot backup mnemonic words. After the wallet is created, it is necessary to make a backup copy of the mnemonic word to prevent the user from saving the screenshot to the social network, taking full account of the user's asset security.

Chinese, English and Japanese are supported and users of different nationalities are fully considered. More language versions may be added in the future. For the current Chinese market, many apps do not have Chinese versions, causing users to lose. In terms of operating habits, people from each country usually prefer to use their native language. It can be seen that Newton project team has a strong international perspective. And care deeply about details.

Wallet support to add friends, often transfer objects do not have to enter the address each time, further improve efficiency.

NewPay is measured in seconds of payment and confirmed to be completed within three seconds. Newton's website currently publishes between 5,000 and 10,000 TPS per second. Now the test network is relatively smooth, I do not know if there will be congestion in the future when there are more users. Recently, xu jizhe, founder of Newton project, openly expressed hope that Newton would also be congested, indicating the team's confidence in its handling capacity.
The advantages for cross-border payments are clear with second - rate confirmations. The application effect in the field of payment is obvious. Now that the bitcoin confirmation takes 10 minutes, it's not a good time for everyday small payments.

NewPay supports the preservation of multiple assets, not only as a certificate in Newton's ecology, but also supports the storage of multiple assets such as ETH BTC. In view of Newton's ecological layout, Newton chain merchants may accept multiple asset collections. Let merchants have a variety of choices, and for users do not have to exchange the original assets after consumption, to truly apply the card in the payment field.

There are not many scenarios for using digital currency. Nowadays, most of our digital currency assets lie in the wallet and can only be used for investment transactions. In the future, the assets can be kept in NewPay for consumption. The use of NewPay as the asset preservation method can avoid users from having to cash out through transactions when they need to consume.

Another bright spot in NewPay is data clearing and privacy protection. Currently, all the popular apps we use are used for data collection, which will be open to manufacturers for marketing, research and product development management after analysis. For example, the search data of baidu map and the consumption data of shopping of taobao are now licensed to these platforms for free. Users in NewPay can set privacy protection mode, choose not to open their data, or authorize their data to manufacturers, such as the manufacturer of artificial intelligence research, such as Newton's artificial intelligence research platform NewAI. After authorized data sharing, they will get corresponding NEW rewards. Really do return the data to the user.
Tencent has proposed a strategy of connecting everything, connecting all partners and users on the cloud. The login we use today is also the result of this strategy. WeChat can not log in except in taobao now, seem to have no place to be unable to log in. Tencent is growing our lazy cancer. Do we need to remember so many passwords? Don't need. In the future, creating an ID on NewPay will be common to the entire Newton ecosystem, allowing you to login to all dapps within the ecosystem. Redundant identity creation is no longer required. NewPay links the entire Newton ecosystem with its ID.

The DAPP in Newton ecology can be embedded into NewPay after being audited, similar to WeChat jiugong, which is a heavyweight traffic entrance. Today's Internet companies are looking for traffic portals. DAPP in blockchain will also face such a problem. Although decentralized commercial autonomous organizations can acquire early users through the pass, most DAPP applications will face the bottleneck of user growth, at which point the traffic entrance becomes extremely important. NewPay offers premium DAPP traffic support in a built-in way. This measure will attract quality projects, quality developers to join the Newton ecosystem and become a member of the ecology-sharing.

Download link: https://www.newtonproject.org/newpay/

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