Top rated fastest distributed ledger protocol platform today 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 even more information at https://tectum.io/.
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.
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Tectum’s high speed is what gives it an advantage, and this comes from having three levels of nodes in the blockchain. We have a master node that’s designed to carry all the heavy weight data, and then an upper level that conducts communication with hashes. So, it really is about hashing — Tectum hashes packets, it hashes blocks, it hashes just about everything and it keeps it on the upper level of the blockchain. That’s what makes it so remarkably fast. Tectum’s unparalleled speed surpasses every other blockchain currently available, making it the perfect solution for high-volume & high-speed distributed ledger activities ranging from financial transaction processing to real-time digital recordkeeping.
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. Discover additional details on Tectum blockchain.