Titan Coin is a digital currency coin which has been introduced as an alternative to the existing digital payment systems, to make digital payments faster and more transparent than ever. In fact, transparency is one of the best features of the Titan Coin.

Why do we need transparency in payments?

To understand that, we must first under the concept of transparency. In simple words, transparency in a transaction means to keep the transaction as open as possible, not necessarily public but clear. The purpose is that the transactions are free of fraud activities and can be easily verified or checked in case of a dispute.

Before blockchain, all transactions were managed by centralized authorities such as banks. Now, such an entity is free to accept or deny a transaction based on whatever criteria they have set up. The sender and receiver of money are kept in the dark when it comes to the processing of transactions.

Moreover, such centralized transactions take a lot of time due to the lengthy validation process, especially for cross-border transactions. In case of failure, the user has no means of checking the reason for such failure.

Titan Coin solves this issue by providing a truly decentralized, peer-to-peer means for monetary transactions. Yes, you heard it right. With Titan Coin, you can send/receive money instantly to or from anywhere in the world without any intermediary. Such transactions are completely transparent. You know who is sending the money, how is the payment being processed and exactly who is receiving it.

Wondering how that works?

Well, Titan Coin employs the blockchain technology, which is a decentralized, distributed ledger technology for peer to peer transactions. In the blockchain, there are no intermediaries. All transactions are peer to peer, i.e. between the users of the network. Moreover, the ledger where all the transactions are recorded is stored publicly and maintained by the users only.

This is what makes these transactions perfectly transparent and completely verifiable. And this is what makes blockchain the best way to send or receive money.

Titan Coin leverages the best of the transparency feature in its own blockchain technology. Titan’s blockchain is designed to be completely transparent such as the payments are fully open to both the receiver and the sender yet completely secure from any unauthorized third-party.

You might be wondering why or how the transactions are now accessed by third parties if they are public or open. Well, this is where the unique security feature of Titan Coin comes in. Every transaction that goes through the Titan Coin blockchain is encrypted and recorded in the ledger.

In order to access or view the transaction details, the user must have the right private/public key combination associated with that particular transaction. To make it better, Titan blockchain uses the most advanced SHA265 mechanism for enabling greater security of the transactions. Moreover, the use of hybrid (PoS/PoW) mechanism ensures that all transactions are properly verified before processing.

Impressed yet? Find out more about the Titan Coin’s unique architecture and the projects behind at Official Website Titan Coin (TTN).