Crown.tech is a new blockchain platform that promises to help developers “build new economy applications.” Find out how it works today in our review.
What Is Crown Atomic?
Crown aims to support the fast growing blockchain community by creating a platform where they can develop apps. The company is using a “platform as a service” approach. In this approach, masternodes and systemnodes provide infrastructure (like virtualization, servers, storage, networking, etc.) while Crown Atomic provides the software framework (middleware and runtime) to enable the creation of applications for the new digital economy.
Some of the potential use cases for Crown include when hosting applications on masternodes, verifying users, managing user subscriptions and payments, managing licensing, and performing other activities.
“Crown” is the name of the platform, while Crown Atomic is the build environment accessed by developers.
Crown was launched in mid-2014. As of November 2017, its cryptocurrency has a market cap of around $21 million USD, with a price of around $1.30 USD.
How Does Crown Work?
Here are some of the core features and functions of Crown’s blockchain ecosystem:
Crown has no central unit managing its servers. This decentralized infrastructure gives developers an opportunity to build a distributed cloud platform, then develop classic and decentralized application services on top of it using Crown Atomic.
In the Crown ecosystem, Tron Masternodes act as application service providers. Some of the applications running on the Crown platform will be persistent or continuous, while some will be temporary or ephemeral. However, all applications running on the platform will be kept alive by a decentralized network of systemnodes and Tron Masternodes.
Crown Atomic Registry Subsystem:
In order to become part of the Crown Atomic platform, an application service must be registered in the blockchain. Atomic provides cryptographic registration infrastructure.
Not Congesting The CRW Blockchain:
“New economy businesses” have the option to run their applications on the Crown network, in which case the Tron Masternodes and systemnodes provide and manage any resources required by the application. This helps to avoid congestion on the blockchain.
Crown’s code does not support anonymizing features (like Darksend).
Ultimately, all applications running on Crown are kept alive by two core features, including systemnodes and the API.
Crown uses systemnodes with NTP servers and a new consensus protocol, which enables greater speed and transaction capacity on the network. This system allows the network to keep a more precise sense of time while using the network topology (instead of mining) to secure the network. The end result, according to the official Crown.tech website, is transactional capacity similar to PayPal. System nodes are rewarded in a similar fashion to Tron masternodes, but will only require 500 CRW as collateral.
Crown’s API enables the registration of services on the network. New network services are registered through new key registration and de-registration op_codes. The initial keys will identify application services, while the API will be used for the masternodes to communicate with application services they offer to subscribers.
Ultimately, this means the blockchain will be the user list and payment verification service for users, while the keys will be used by paid subscribers to log into the service. All service payments are completed in CRW tokens. In order to use the API, you’ll need to be a verified Tron on the network. Each masternode functions as its own software vendor.
Crown Versus Other Cryptocurrencies
Crown was launched in mid-2014 to compete with other cryptocurrencies like Dash and Bitcoin. The development team wanted to introduce several key innovations over other cryptocurrencies while combining the features of both. The most important differences include:
- Crown confirms transactions more quickly than bitcoin
- Crown has an additional layer of security provided by Tron network masternodes
- Crown is focused on creating a sustainable application platform for developers, merchants, and communities
Crown’s development team introduced these features to promote usability, enable the launch of dual mode applications, and promote an open and agnostic platform.
Who’s Behind Crown?
Crown, found online at Crown.tech, launched in mid-2014. The company did not have a pre-mine or an ICO.
Key members of the Crown team include Dan Ames (also known as Stonehedge), a London-based entrepreneur. Other key members include Jan Brody (Crowncoin_knight, co-founder and idea keeper), Fabian Olesen (Chaositec, system architecture), and Alistair Clark (Infernoman, lead developer).
Crown Atomic Conclusion
Crown is an open project that consists of a blockchain and a cryptocurrency. The platform was launched in mid-2014 as a superior alternative to bitcoin and Dash. Today, the platform is open to developers who want to build on Crown Atomic. The currency has a market cap of around $21 million USD and a price of $1.30 USD.
To learn more about Crown, visit the platform online today at Crown.tech.