THE FASTEST BLOCKCHAIN
Tectum™ is a distributed ledger protocol platform that employs what’s known as a proprietary record change signature management algorithm. The Tectum Blockchain has the ability to exceed 1 million transactions per second and can provide instant event status delivery and ownership updates across its blockchain network along with differing distributed levels of access to functional system modules.
The Tectum blockchain employs a proprietary Proof-of-Utility Consensus and a super-fast Network Protocol, the description of which can be found in our ‘Tectum White Paper’. Its Proof-of-Utility protocol optimizes data distribution, and its Network Protocol enables nodes to distribute and validate over 1 million digital events per second. These functions make Tectum the perfect solution as an “Overlay Network” for numerous blockchain-based payment systems, for example, Bitcoin. When applied, Tectum boosts the circulation of native cryptocurrencies by eliminating transaction fees using what we refer to as the ‘Transactionless Payment System’ – the SoftNote.
THE TRANSACTIONLESS FUTURE
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.
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