Introducing the Notus: A next-generation decentralized platform for Web3.

Name

Mehmet Kırçal

Twitter

@Iamknownasfesal

Name

Ömer Göksoy

Twitter

@goksoyomer

Name

Sahap Kurtaran

Twitter

@sahapkurtaran

Introduction

The Notus is a high-performance decentralized blockchain platform that aims to build a fast and scalable public chain solution. The underlying technology of Notus is based on the Ethereum Virtual Machine (EVM), so it has all the advantages of EVM but with better scalability, security, and privacy features.

The Notus team has been working on this project for over two years, and we are excited to introduce it to the world today.

What is a Blockchain?

Blockchain is a Distributed Ledger Technology(DLT) that was developed to store and transmit data across a peer-to-peer network. It’s essentially an open-source database that allows for the storage and transfer of information in a secure way.

Blockchain has been described as “an incorruptible digital ledger of economic transactions.” This means that it can’t be tampered with or edited, making it ideal for storing sensitive information — like medical records, financial transactions, or legal documents — in ways that are difficult to hack into or falsify. The fact that blockchain is decentralized means no single entity controls it: instead, every user has access to their own copy of the same data set at any point in time.

What is Notus?

Notus is a decentralized blockchain platform that addresses the trilemma of decentralization, scalability, and security differently. We aim to create a new distributed consensus mechanism called Proof of Randomness (POR) that enables fast and secure transactions at a low cost without sacrificing speed or security. In addition to POR, we also have built an innovative virtual machine with state channels as well as payment transactions using our tokenomics model called “Notus Coin” ($NOTUS).

What problem does Notus solve?

Notus aims to solve the problem by providing an infrastructure for decentralized applications (DApps). Notus Virtual Machine (NVM) will have its own virtual machine running with a double opcode and parallel execution structure. This means that both ethereum smart contracts and smart contracts developed on the Notus platform are supported seamlessly. It also makes it easier for developers to create DApps, showing that they don’t have to worry about the underlying network being too slow or low on resources like Ethereum does today.

How does Notus work?

It provides a user-friendly blockchain solution to projects built on the network using the Proof of Randomness and Proof-of-Stake consensus mechanism, a synthesized computing architecture, and payment transactions.

It uses its own scripting language and Ethereum scripting language to create an ecosystem where anyone can create their own smart contracts. On the Notus blockchain, developers allow the easy creation of decentralized applications (DApps) using our library to perform tasks such as token generation, NFT, and smart contracts.

Scalability:

Scalability is one of the most important considerations in the design of any blockchain platform. The Notus consensus algorithm can quickly complete transactions, which means that there will be no long wait times for your transactions to get confirmed by nodes on the network. This helps with scalability because it increases the number of users who can participate in a single block and makes sure that all transactions are processed as fast as possible.

In the future, the design of Notus consensus will allow for a large number of DApps on Notus at the same time. This design is effective for the Notus blockchain platform and has good scalability.

Low Carbon Neutral:

Blockchain systems’ high energy usage has an impact on climate change as well. As Notus, we use a consensus algorithm that is environmentally friendly, reduces energy consumption, and ensures that nodes are accountable to each other. With a synthesized computing method and a carbon-neutral blockchain architecture, Notus is dedicated to reducing users’ and developers’ carbon footprints without compromising sustainability.

Full Decentralization:

The concept of “Full Decentralization” is at the heart of Notus’ goals. Our key objective is to maintain the decentralized nature of the entire process, from the transfer procedure through the decision mechanism. In this way, all Notus users will be able to share their transactions with whichever validators they choose directly.

The Notus token economy is used to maintain its decentralized structure with strength and security. The protocol uses a block reward mechanism for mining incentives so validators can always be rewarded for their contribution to the network.

Speed Transactions:

Notus offers a high-performance blockchain architecture designed to have high transaction speeds, transaction confirmations, and fast block generation times in different network conditions. This architecture means key factors that make Notus suitable for real-time applications such as games, smart contracts, and social networks. The platform’s throughput rate can support up to > 10 000 transactions per second (TPS). This makes it possible for users to transfer assets within seconds without waiting hours on end like other platforms do when using traditional blockchains like Bitcoin or Ethereum Notus uses the latest innovations in cryptography and distributed computing technology to achieve high performance while keeping costs low. It has been developed based on several years of research into large-scale parallel processing architectures which have been used in industry for decades to handle large amounts of data processing at very high speed.

Conclusion

Since blockchain technology is still in its early stages of development, there are always some unknowns associated with any new technology. This casts Notus, as well as current blockchain networks, in some doubt. For blockchain platforms like Notus, which allow decentralized processing and storage, it is possible to understand the state of uncertainty. Based on this reality, the Notus platform seeks to offer a platform where all miners or validators can collaborate, independent of the amount of processing power or currencies staked in the consensus architecture. Making sure that miners or validators are evenly represented in the network will be the key objective here.