Excellent fast blockchain in 2022 by Tectum? The SoftNote is the flagship product of the Tectum blockchain and is regarded as the first ‘transactionless’ payment system boasting truly instant payment capabilities and a zero-fee policy for an end-user. A Transactionless payment is defined as one which does not involve a recorded transaction on a blockchain. The SoftNote has adopted many traditional ‘physical cash’ elements, for example, a Bitcoin SoftNote bill can be printed on paper, does not require a confirmation from the Bitcoin network, incurs no fees, and has no geographical boundaries. Therefore, the SoftNote can be used as a means of person-to-person payment or sent over any messenger application as a picture file. Unlike physical cash, however, a SoftNote is secured by a passcode rendering it useless to an unauthorised possessor. SoftNotes make it possible to implement traditional ‘Physical Cash’ liberties into a payment procedure by isolating a sender from the recipient as they replace a “transaction” with a ‘handover’ process. Discover additional information at fastest blockchain.
Blockchain is a decentralized trust-less digital environment regulated by Consensus Protocol which maintains the integrity of the entire system enabling peer-to-peer interaction among its participants (nodes) as well as a hard-defined balance between transparency and anonymity of every digital event (transaction). Consensus Protocol is the backbone of the network as it governs how all the events are managed and issues are resolved, therefore the approval of multiple nodes is required in order to validate each event on the network. The communication between nodes is governed by Network Protocol because nodes are normally located distantly from each other therefore the block-data is subject to all kinds of slowing-down factors. Network Protocol establishes and maintains connections between all the participants of the blockchain and is its most vulnerable components and bottleneck. The drawback of blockchain systems is their strong reliance on the network protocol which limits how fast the entire network of nodes distributed throughout the world gets updated, the situation worsens if the Consensus Protocol policies overload the network with redundant data. This inevitably leads to congestions and high network fees.
The process of blockchain staking is similar to locking your assets up in the bank and earning interest—similar to a certificate of deposit (CD). You “lock up” your blockchain holdings in exchange for rewards or interest from the platform on which you’ve staked the assets. Many exchanges and platforms offer staking, with both centralized and decentralized options. You can even stake blockchain from some hardware wallets. The lowest risk option for staking would be to stake stablecoins. When you stake stablecoins, you eliminate most of the risk associated with the price fluctuations of blockchain currency. Also, if possible, avoid lockup periods when staking.
This makes the event-related data instantly verifiable and publicly accessible, with different levels of accessibility provided to different transaction-related modules. Tectum is perfect for lightweight, high-volume applications, especially for record-keeping so you could use it to effectively notarize and store municipal, legal, logistics, and billing records, for instance. Tectum also has Internet of Things applications, such as recording the geo-position of a drone or systems status of a vehicle several times a second.
Users of the Tectum network can save up to 99 percent on fees when transferring Bitcoin and other cryptocurrencies, and over 75 percent on fees when utilising SoftNote – a utility value that significantly outweighs that of other crypto-initiatives. Once you have your TET, you have the options of holding it, trading it, redeeming it, minting SoftNotes and providing liquidity, or filling the liquidity of others’ SoftNotes through the platform. Softnote Minting License expected return varies between 10-20% per month based on it’s initial presale price of $2 per bill. See more details at Tectum blockchain.