What is Crown?
Crown (CRW) is a digital commodity and application platform driving technological & financial innovation. The platform seeks to build on durable and time-tested elements of existing institutions while adding new capabilities which have become possible only through the new discoveries and developments of the crypto community. The Crown project aims to become a global payment, messaging and application platform, enabling developers to build complex new economy applications and offer an efficient low transaction cost platform to store value, register ownership and manage contractual relationships. Once the Crown Atomic update is released businesses built on the Crown network will accept CRW as barter for the goods and services they offer.
Crown is focused on a few key features: (1) usability – a clear logical structure with application feedback and user interaction models, (2) dual mode – a way to support temporary activities (applications, communications) as well as activities committed to the permanent record (blockchain) and (3) being open and application agnostic – Crown is not attaching a coin to a single application. It can attach a token to any open source application one can build. It is dedicated to building a durable open application platform.
Crown includes capabilities of both the DASH and Bitcoin protocols, but there are important differences between Crown and both DASH and Bitcoin. The most important differences from Bitcoin are that (1) Crown confirms transactions more quickly, and (2) has an additional layer of security provided by Tron network Masternodes. The most important difference from DASH is that Crown is focused on creating a sustainable application platform for developers, merchants and communities. CRW can also be merge-mined with Bitcoin so that it leverages the security provided by the bitcoin network’s hashpower until a new consensus mechanism is unveiled later this year.