Tectum is arguably the only blockchain network to implement a  “Proof of utility” (PoU) consensus mechanism and ultra-fast network solution. PoW and PoS mechanisms along with their delegated counterpart DPoS are energy-intensive and inefficient mechanisms that are not ideally suited for scalable blockchain protocol.

 With PoU Tectum blockchain can process over 1 million transactions per second making it the world’s fastest blockchain suitable for all industries.

To put into context, Bitcoin processes between 4.6 to 7 TPS, Ethereum from 12 to 25 TPS, Cardano 250 TPS, and Solana 29,000 TPS, this by far makes Tectum not only the fastest blockchain network worldwide but also the most adaptable and secure network, reaching a speed of 1.38 million TPS during peak performance.

But is Tectrum the next wave in the web3 Space? Let’s dive into the “value proposition” of this revolutionary technology

Table of Contents:

• What is Tectum SoftNote?
• How Does SoftNote Solve the Problem of Other Networks and Tokens?
• T12 protocol: the main benefits  
• SoftNote Ordinals what to expect from them?
• Crypto User Privacy – Why SoftNote is the Solution?
• Digital Payment Security With Tectum SoftNote.

Tectum SoftNote resulted from a re-engineered approach to scaling Bitcoin and other cryptocurrencies, allowing for higher throughput and additional network layers. It is the primary product of Tectum,  a layer2 scaling solution that overcomes the limitations of lightning networks and other blockchains.

 SoftNote is built on the Tectum layer1 blockchain and is positioned as the first “transactionless” payment system with instantaneous “payment capabilities” and a zero-fee policy for users.

Put simply, a SoftNote is a unique serial number and a passcode that represents a Bitcoin or crypto wallet with a certain amount of crypto based on the most common payment denominations. The passcode can be changed to represent ownership of the SoftNote and is stored in the Tectum Blockchain, which can handle over 1.3 million passcode changes per second. This means that your softNote can be sent over any messenger such as WhatsApp, Telegram, or Discord over the phone with a serial number, or even printed out like cash with a softNote in it.

Please note that you must send your passcode with your softNote.

When a recipient receives your softNote, he or she simply goes to the softNote.cash website and records the New one. This means that he or she has just received ownership of the softNote. Alternatively, he or she can import the softNote into his or her softNote wallet using the passcode to avoid needing a passcode in the future.

Your softNote funds are stored on the node of the Network of your softNote's currency, such as Bitcoin. These funds can be accessed by clicking the 'Proof of funds' button or by visiting any Bitcoin Explorer.

How Does SoftNote Solve the Problem of Other Networks and Tokens?

First of all, It is expedient that people must maintain ownership of their tokens at all times, but the reality is that most projects often require that people give up some level of authority over their coins, this is however different with Tectum. Tectum Blockchain helps solve the major pitfalls with other networks and tokens by providing users with a safer, cheaper, more secure, and more efficient medium for storing and transferring cryptocurrency through SoftNote.

Additionally, Tectum SoftNote is eco-friendly due to the new proof of utility algorithm that doesn't rely upon heavy consumption of energy.

T12 protocol: the main benefit

T12 protocol is the Network of Tectum Blockchain - The fastest blockchain Network with over 1 Million TPS. The benefits of T12 protocol apply to Exchanges and their users and it is not limited to non-custodian wallets. 

Why should Exchanges incorporate the T12 protocol?

Exchanges, by incorporating our Network into their platform will enjoy the following benefits:

• Fast transaction

Transactions on the T12 protocol are ultra-fast and seamless as they can complete up to 1.3 Million transactions per second making it ideal for retail payments and microtransactions in general. With the Tectum network, crypto exchanges will be able to say goodbye to network overload once and for all. People will be able to send and receive BTC, ETH, and USDT in a fraction of a second.

• Low fees for users

Users pay nearly no gas fees whenever they make a transaction on the T12 network. Even with a microtransaction, the maximum amount of gas fees that users will pay when sending and receiving tokens on our network will be 0.1%. What’s even better is that people don’t have to limit themselves to a single token. They can send BTC, ETH, LTC, USDT, and more.

• Cheapest Transactions for merchants

Exchanges, on the other hand, will benefit from the lowest merchant commission (1%). This means that they will be able to offer token remittances and send remittances to blockchain wallets at very low transaction fees (0.1%). Exchanges no longer need to worry about the high costs associated with making payments to users.

• Maximum Security and Anonymity

All transactions made on the T12 network are private and secure. This means the network will never disclose sensitive information about the sender to third parties. To be transparent, information about the transaction will be displayed on our block explorer, but Tectum will not display information such as your wallet address.

• Trustless Transaction Validation and Sole Ownership of Tokens

The most important thing to note here is that this is not a case where money is put into a pool and put in the hands of DAO. In this case, the entire process is managed by blockchain technology and smart contracts. In this way, people don't have to wait for a group of people to give them permission to access or use their money.

Users retain full control of their cryptocurrencies at all times. SoftNote bills are not a substitute for your BTC, USDT, ETH, or LTC. They are wallets/carriers that allow you to store, transfer, and spend your cryptocurrency securely and pseudonymously.

SoftNote Ordinals: what to expect from them?

An Ordinal is a number system used for tracking and transferring individual satoshis. It makes it easier for users to add extra data to each satoshi to make it unique. The written data may also contain smart contracts that let the satoshis do NFT-like things. 

Traditional ordinals like the bitcoin ordinals, however,  “are not immutable as they can be reinscribed, the size of the file is limited by BTC fees, and it’s important to know how to operate a BTC wallet to use them”.

SoftNote Ordinals bridge the gap as it overcomes all of these issues and helps improve traditional ordinals. The below diagram highlights the capability of Traditional Ordinals Vs SoftNote Ordinals

Within the innovative system of the Tectum blockchain network are SoftNote ordinals which is a game changer in the world of NFTs. SoftNotes unique features lie in its multi-chain architecture.

Crypto User Privacy – Why SoftNote is the Solution?

User privacy has been a major concern in the cryptocurrency world. Anonymity and transparency as tenets of blockchain had to be comprised due to the complexity of using a DEX.

When Satoshis Nakamoto introduced Bitcoin 15 years ago, he outlined decentralization as the guiding principle of web3.  During this period, people could only make Bitcoin payments on decentralized exchange (DEX), In this regard, the Identities of users remain private but the transaction path can still be traced using a “hash” which is accessible on the public blockchain. The process of using a DEX however was rather too complicated for an average man.

As a result, Centralized Exchange (CEX) emerged as a good alternative because of its friendly UI and simplified process of transferring coins. CEX however negates the core tenets of blockchain as they require people to register and prove their identity, taking away the anonymity of everyone who registered on their platform. In addition, they also held on the tokens and private keys of users.

CEX as an alternative to DEX comes with a lot of disadvantages because most centralized crypto exchanges store users' data in a centralized server. In the event of a breach, the hacker will have access to the individual personal data and information. In addition, regulatory bodies sometimes require these exchanges to provide information about people who use their services.

How is Tectum SoftNote Bill Bringing Back Privacy to Blockchain Transactions

 The innovative technology of SoftNote Bill built on Tectum blockchain is restoring the default anonymity which is essential for making Bitcoin payments. Thanks to the application of zero-knowledge proofs. Zero-knowledge proofs allow people to open and close transactions without exposing their personal information. Not a single employee of our firm has access to your personal information or financial information.

For clarity, SoftNote isn’t a cryptocurrency or a substitute for tokens. It’s a blockchain-based smart contract wallet that lets you make transactions without a gas fee. SoftNote uses the T12 protocol and allows people to send Bitcoin in an easy-to-use way.

Instead of the lengthy and complicated public key, you simply send the recipient a QR code along with a private code. Once they scan the QR code (and enter the passcode), the system updates the code and notifies the receiver (the new owner) that the new code is available. This ensures that no one can steal your SoftNote.

Digital Payment Security With Tectum SoftNote

The challenges with the current payment system gave birth to the world’s fastest blockchain that fuels a revolutionary digital payment security system called Tectum SoftNote. Though digital payment shouldn't be limited in terms of coverage, many of the existing payment systems focus solely on developed countries neglecting countries or regions more in dire need of payment solutions.

The management and control of transactions by many digital payment systems is from a central server as a result poses the risk of vulnerability by hackers. While their architecture may be solid, there are no contingency plans to mitigate risk.

Additionally, the transaction cost with the current payment system is absurd, which is why more often than not, they focus solely on developed countries.  These companies charge merchants and customers alike high fees for completing a transaction.

SofNote powered by Tectum - the world’s fastest blockchain brings about a boundless opportunity that includes but is not limited to the following:

1. Tectum’s Exclusive Digital Currency: SoftNote works like paper money. You can print them on paper. You can make payments online. You can send them. There are no fees or restrictions.
2. Unmatched Digital Payment Security: Personal passwords are used to protect your funds in SoftNote, so only you can access them. You can easily share them with your friends through messaging apps like WhatsApp.
3. Unique and secure currency: What makes SoftNote unique is that it has a built-in password. So, if you want to use SoftNote, you must enter the right password to avoid unauthorized usage.