What is Newcoin?
Newcoin is a log of cryptographically signed credentials that are processed in parallel using a probabilistic state machine to achieve a shared consensus state powered by the Proof-of-Creativity algorithm.
Why do I need it?
Make your application natively Sybil-resistant and qualitative by leveraging the ocean of data points available across the World Wide Web into a universal algorithmic endpoint that can be read by smart contracts, backend and clients.
How does it work?
Contribute to the algorithm by deploying ActivationFunction contracts that contribute to the Proof-of-Creativity algorithm and reward your users with trust points and query the WATT score of any blockchain wallet to instantly detect awesomeness.
Newcoin is designed to interface with diverse systems, handling varied input data types and formats. By strictly regulating output while accommodating a broad spectrum of inputs, networks achieve consistent and clear communication across nodes.
As Newcoin collects data signals, the Proof-of-Creativity algorithm recursively adjusts its centrality measurement and makes the next computation more accurate and relevant. Inspired by Google's PageRank algorithm, each node carries a weight that impacts the whole hypernetwork.
Newcoin is designed to mutualize data and computation into a shared intelligence greater than the sum of their separate intelligence. A like on social media enhances the decentralization of a consensus mechanism which in turn fuels better data inputs to ML pipelines. All networks grow together regardless of their topology.