Netrum is a blockchain-based technology, which proposes to offer better scalability, higher transaction speed, and security compared to Bitcoin or Ethereum. Netrum is going to utilize its own blockchain and enable new token-based projects (DApps) to run on NETRUM blockchain.
Netrum makes use of Proof of Work (PoW) algorithm for the first 50,000 blocks. The following blocks will be mined by using Proof of Stake (PoS). Netrum also offers Masternodes. Anyone in the platform can become a Masternode, provided that they keep 2,000 NTR coins as collateral. Netrum has a static coin supply, which is limited to 11,000,000 NTR coins.
Netrum offers three types of wallets:
• Web Wallet and/or Paper Wallet called NETWEB.
• Hot Wallet/Mobile Apps Wallet called NETMOBILE.
• Cold storage / Hardware Wallet called NETCARD.
The project also features an internet-based payment system, called NETPAY, which serves as an intermediary facility as a way for paying utility bills, advertising, and traveling payments. The customers, who use the Netrum platform will also be able to save, trade and exchange the NTR coins with Bitcoin or other altcoins directly.