Tectum softnotes empowers Crypto payments

Softnotes: Energizing Bitcoin for instant payments

By Ticktalker | ticktalker'sblog | 8 Dec 2023


The idea of a layer 1 blockchain capable of 1.3 Million transactions per seconds came as a shock to me and the first question I asked in the comment section was, is this truly a distributed ledger technology ?

 

I waited for sometime and since the answer was not forthcoming I decided to painstakingly read the whitepaper for myself (which is very much bulky).

 

Reading the tectum Blockchain whitepaper opened my eye to realize that though tectum Blockchain boasts of 1.3 million tps, it is not made to compete but rather compliment the wonderful brainwork of Satoshi Nakamoto, but how, you may wonder, well the simple answer is tectum softnotes.

 

That doesn't really sound simple right, well let's not bore ourselves with long talks, let take a sneak peek at this wonderful work from the tectum team.

The tectum Blockchain dared to be different from other blockchains protocol, and came up with a new approach to tackle to blockchain trillema.

 

Imagine the security and decentralization of Bitcoin paired with a blazing 1.3 million TPS, well don't imagine it, it is now a reality with the softnotes technology which I also see as a means to facilitate sales and purchases because of it's ease of use, and easy to navigate UI.

 

These softnotes are minted using the tectum blockchain, and in themselves they are just like a container with a lock ready to hold whatever you put in it, yes I mean whatever, because the softnotes can also hold Ethereum or usdt and according to their whitepaper, they will implement fractionalization of NFT's making NFT more easily purchasable and tradable. Imagine how big this is to real world assets.

 

Softnotes can replaces transactions or Bitcoin with handover of wallet and eliminates the need for a custodian wallets and security of private keys as they in themselves are wallets requiring just a unique 6 digit passcode to login.

 

Softnotes can be sent through any means, even transmitted through a voice channel, email, WhatsApp, printed on paper. No internet connection, don't worry you can still carry out your crypto transactions with softnotes.

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Another reason why I see this as a great project is that using softnotes does not incur any charges, so you get to move your Bitcoin, make payments at blazing speed for free. 

 

Another great thing about this softnotes is that it is built on a proof of utility blockchain where there is no mining hence no transactions clustering.

Mining on a blockchain slows transactions as transactions have to be registered on every node operating on that block but softnotes overcome this with it nosql search engine built into the chain architecture of the blockchain.

 

The transfer of funds as I have earlier mentioned happens by transfer of wallet access, the owner sends a softnote containing Bitcoin in it to a receiver and sends the passcode with it, once the receiver, acknowledges receipt of the softnote, the passcode is changed to another passcode known only to the receiver. 

 

This blocks unauthorized access to the softnotes and the sender no longer have access to the softnotes.

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Ticktalker
Ticktalker Verified Member

I am a comic relief content creator and web3 enthusiast, I write contents to share things I learn and research about.


ticktalker'sblog
ticktalker'sblog

Welcome to my blog fam, where I talk about everything web3, be it crypto, degen, defi and NFTs. Keep in mind that I am also a comic relief artist so you can always tune in here to relieve yourself of whatever stress web3 is putting on you through my contents.

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