Fastest” following the accomplishment of 300,000+ transactions per second, has been an exception to the current bearish scenarios.
While Bitcoin (BTC) is driving crypto prices down, TechPay Coin kicked off an impressive rally post announcement of the bi-directional cross-chain Bridge Launch with Binance Smart Chain, resulting in Wrapped TPC (WTPC) going live on Pancakeswap on 17th May 2022. This cryptocurrency has experienced a 350% increment since its launch two months ago, accumulating a market capitalization of about $11.8 million at the time of writing.
What is TechPay?
TechPay is a pBFT & DAG-based Infinitely Scalable Layer-1 Blockchain featuring an unparalleled performance with transaction fees equivalent to a fraction of a cent. Transactions on TechPay Network attain finality in 500 Milliseconds with the utmost decentralization courtesy of the PoS (Proof-of-Stake) Consensus Algorithm.
TechPay Coin (TPC) refers to the native currency of the TechPay network, which is utilized to pay for transaction fees and reward users who participate in the network’s consensus cycle. TechPay has a fixed supply of 6 Billion TPC, with an inflation-resistant mechanism to the network, which burns 30% of the total transaction fees employed in each block.
What is the purpose behind TechPay?
The TechPay convention is intended to tackle three of the most severe issues blockchains face—Security, Decentralization, and Scalability. Named the “blockchain trilemma”, the TechPay network professes to resolve the aforementioned three significant issues.
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TechPay developed the Sirius protocol. Sirus combines the Acyclic Directed Graph (DAG) and the Practical Byzantine Fault-Tolerant (
pBFT
) consensus, making transactions possible to be processed and signed securely with unrivalled speed.
As the number of transactions between every shard is raised, the threat of Blockchain centralization is mitigated, and energy demand is drastically decreased because hashing power is not needed to meet the next block.
What is the future of TechPay?
Blockchain is the inevitable future. The permission-less architecture gives control back to the people instead of centralized authorities. As the use cases expand, the adoption of blockchain is also multiplying. Decentralized finance remains one of the most intriguing use cases of blockchain, followed by Web 3 and Metaverse.
There is, however, a constant demand for performant yet efficient blockchain technology in the world today — TechPay Coin’s real-time transactions and minimal transaction fees provide the answer. The chain supports Smart Contracts, NFTs and dApps to be built and deployed on it.
Disclaimer – The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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