We want to make blockchain technology better. To realise the potential of this incredible technology, not just for those who understand and help develop blockchain, but for those who can benefit from what it can do.

Around the world there are millions of people who do not have the financial freedom they deserve, nor the technical know-how to effectively navigate the existing blockchain systems available to them.

We’re changing this.

We want to give everyone financial freedom and inclusion, free from government censorship or interference. The Neutro protocol is the foundation that will allow users to build new financial lives in a way that is useful and relevant to them.

A lot of the core benefits of blockchain have been lost or misapplied in so many cases; real anonymity, true decentralisation; these aren’t just buzz words or tech features, these are ideals that we should be constantly adhering to to allow this incredible technology to help the most people.

Real anonymity is a crucial part of this, the ability to send, receive, store and invest your money, however you want to without fear of interference or restriction. Through the encryption of transaction amounts and beneficiaries’ addresses, using the public key of the block-producers, real anonymity can be achieved for transactors in a secure way. (More detail around this can be viewed in the Yellow Paper).

Whilst having the technology available to achieve this is, of course, vital, it is nothing without a UI that is simple enough to use to allow wide-spread adoption. The chances are that if you are reading this article you have some understanding of blockchain technology. You maybe know how to buy and trade coins, maybe you have the development knowledge to create your own protocol. But does your Grandmother? Or communities in the developing world where the resources, infrastructure, education and time aren’t available to up-skill the population there? It is far less likely. This is why any protocol that is to be widely adopted must, must, be easy and clear to use with a simple and traditional feeling interface.

This idea is something that many blockchain organisations have missed. The internet is these days simple to access and navigate. Most people want to be able to visit Amazon or Netflix easily, they neither know nor care about the protocols operating that allow these platforms to be accessed. They care about the ends not the means and this lack of a user-centric view has proven to be a key barrier to the widespread adoption of blockchain technology. The huge opportunity that the right protocol can service for the under-banked and those seeking financial freedom should not be under-estimated and when delivered right could open up a massive market of users.

Whilst we believe that the UI is critical, it is imperative that the underlying technology is not only fit for purpose but an improvement on the existing options.

One of the key areas we are focusing on as fundamental to the success of the Neutro Protocol is the trilemma of scalability, security and decentralisation. The first two are a must for any system looking to be widely adopted but the third; decentralisation, is not so much a technical requirement, as it is a core tenet of the value of blockchain technology and one that has hugely impactful real-world ramifications. A freedom from government, from banks. Users in control of their own financial freedom, not being dictated to by third parties.

The Trilemma

We will solve the trilemma through a combination of energy-efficient proof of work, validation by validation token holders and sharding (further details can again be seen in the Yellow Paper).

Another key component in ensuring this protocol is truly decentralised is the way we deal with exogenous data, as the existing norm of using oracles, maintains an element of centralisation of feeding the external data into the protocol — this makes it vulnerable to censorship and would undo the great benefits of the other Neutro features. So, to deal with this we use Schelling Point schemes to arrive at externally-derived values for any data points. This Schelling Point scheme is incorporated into the protocol itself and provides necessary incentives and disincentives to produce a kind of a “market for information”. This is not only a novel approach to a truly decentralised system; it affords a wide range of applications, becoming the backbone of a future real-world trustless economy. It allows the cryptocurrency to be as versatile as any market, and Neutro as versatile as any asset.

By addressing these key problems the Neutro protocol is positioned to be the missing link between the existing blockchain landscape and the scenario all true blockchain proponents desire, that this incredible technology can genuinely rival the existing systems in place creating the trust-less and reliable system of exchange that so many deserve and desire.