Newton DAO announces the launch of Newton Finance sidechain (NewFi)

Newton DAO is pleased to announce the launch of a new sidechain, Newton Finance Blockchain (NewFi), to promote the development and application of innovative technologies such as global payments, decentralized finance (DeFi), and real-world assets (RWA). This marks an important milestone in the development of the Newton ecosystem, providing developers and users with more powerful blockchain capabilities.

As part of this initiative, the existing blockchain will be renamed Newton Core. The overall economic model of the project remains unchanged, and the total amount of the platform's native token NEW will not increase, and will remain in fixed supply to ensure the sustainability and stability of the ecosystem.

NewFi is fully compatible with the Ethereum Virtual Machine (EVM), and all EVM-compatible wallets can be seamlessly integrated and interact with NewFi. This compatibility provides users and developers with a convenient experience and expands more possibilities for DeFi applications within the Newton ecosystem.

With extremely high transfer speeds and large transaction carrying capacity, NewFi is very suitable for the deployment and operation of a new generation of applications. NewFi's performance improvements provide developers with powerful tools to build efficient and scalable blockchain solutions.

To achieve seamless interoperability, NewFi and Newton Core will be connected across chains through NewBridge. Users can freely transfer NEW tokens between the two blockchains through NewBridge. This interconnection will create a unified ecosystem, allowing users to take full advantage of the advantages of both chains and meet the needs of multiple application scenarios.

Newton DAO has always been committed to building decentralized infrastructure for the community. The launch of NewFi proves Newton DAO's commitment to innovation and its determination to promote the application of blockchain technology around the world.

Newton DAO will announce its development plans and milestones in due course. Welcome to join the Newton DAO community and follow the latest developments. You can learn more about it through the following channels:

Official website: https://newtondao.org

Telegram: https://t.me/Newtonproject

X (formerly Twitter): https://x.com/newton_project