All in One; Privacy, Speed and Decentralization. The True Power of SoftNote

By Inzaghi | INZAGHI CHAMBER | 25 Dec 2023


Tired of paying fees on every transactions? Especially the ever increasing ETH gas fees. The latest trend has been Real World Assets integration into crypto, but all of these without considering some technical hiccups that still lies along the line.

These hiccups and hitches are what Tectum has come to solve. In the next couple of mins, you will learn what they had done different.

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The flagship product of the fastest blockchain ever, capable of 1million+ blocks per second, SoftNote has come to address monetary system issues where the likes of SWIFT, RIPPLE AND LIGHTNING NETWORK fell short.

 With notable limitations associated with the three above categorized into:

        - Slow network

        - No/little intrinsic value of governing token

        - Centralization concerns and fees associated

        - Vulnerabilities and attacks

 

SoftNote, Invented in 2020 and decentralized in nature, is designed to improve the scalability issues of Bitcoin and other cryptocurrencies whilst still upholding privacy and it’s good qualities which are higlighted below:

        - Offers high scalability

        - Improved security and privacy

        - Zero fees associated

        - Built on Tectum blockchain (Superfast)

        - Simpler in design

        - No/Low vulnerability chances and failure

        - Internet Independency

        - Robust & matured technical framework

        - Denominated Bills ; Printable and transported without any restrictions.

 

T12 PROTOCOL AND ITS BENEFITS

As mentioned earlier, Tectum is the fastest blockchain technology and can complete 1.3 millions transactions per second.

T12 is the token standard of the Tectum Blockchain, ensures that your assets are sent and delivered to the correct receiver in lightning speed. And this is one of the many functionalities of Tectum ecosystem.

How have they achieved this speedy transactions? Unlike the conventional way of having only one node for confirming a transaction, T12 protocol uses a three-tiered node to process transactions. In short , meaning having a road of three lanes instead of one. Now you get it.

The benefits associated with such mechanisms aren’t far fetched but lets mention some.

        - Of course, speedy transactions

        - Less worries about high gas fees

        - No discrimination of transaction processing due to differences in gas fess

        - Absolute security, anonymity and privacy

 

PEEK INTO THE ROADMAP

Much has been accomplished and many more still in pipeline. Have an eagled-eye view of the roadmap in the image below.

from softnote.com

 

THE TOKENOMICS

Built on Tectum blockchain, TET is the native token governing the project. Faily disrbuted as evident from the chart below, you can also follow up on the supply schedule of the token in the second chart below

from softnote.com

 

The token Utilities include:

      🏷️Mint Softnote with $TET

      🏷️Merchants pay fees in $TET

      🏷️Layer 1 Gas fees paid in $TET

      🏷️T12 Token Standard fees paid in $TET

      🏷️Access to Pre Seed incubated projects

      🏷️Access to Tectum products by holding $TET

 

Here is the Catch and recap of what I have said so far about SoftNote :

      💥 The Best of Digital and Physical Money systems

      💥 Enable you to enjoy the true value of decentralization

      💥Powered by tectum (fastest blockchain @ 1.3 million transaction per second, 5000% more than visa or mastercard)

      💥 Charge zero fee from users

      💥 Improved anonymity and privacy

 

Official links and Useful Resources to DYOR

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Thanks to @tectumsocial and @publish0x for this opportunity and thanks to you for reading through.

 

 

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Inzaghi
Inzaghi

A young enthusiast crypto lover. Blockchain Development in view


INZAGHI CHAMBER
INZAGHI CHAMBER

Educated information about cryptocurrency and Blockchain, Recent developments and analysis on different projects

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