The new covenant is based on

The new covenant is based on faith in Jesus Christ and His sacrifice. In the Bible, a covenant is an agreement or a promise between God and His people. The old covenant was made through the Mosaic law, which included the Ten Commandments and strict adherence to religious rituals. However, these laws and rituals were not enough to save people from their sins.
The new covenant, on the other hand, is based on faith in Jesus Christ and His sacrifice. Jesus came to earth as God's Son to save humanity from sin and offer eternal life. He lived a perfect, sinless life and willingly gave Himself up as a sacrifice on the cross, taking the punishment for our sins. Through His death and resurrection, Jesus fulfilled the requirements of the law and made it possible for all who believe in Him to be reconciled with God.
In the new covenant, salvation is no longer based on our own efforts or good deeds, but on faith in Jesus Christ. We are saved by grace through faith in Him. This means that we trust in Jesus' sacrifice as the payment for our sins, and not on our ability to perfectly follow the Ten Commandments or religious rituals.
So, the new covenant is a gift from God that offers forgiveness, salvation, and eternal life to all who place their faith in Jesus Christ and His sacrifice on the cross.