TERRACREDIT : A TRUSTWORTHY PAYMENT SYSTEM AND DIGITAL MONEY FOR MASS ADOPTION
Blockchain is perhaps one of the biggest disruptive innovation in both finance and technology. This technology is taking the world by storm due to it's ability to function without a central authority as well store any data in a way that remains tamper proof.
Moreover, blockchain is believed to revolutionize financial services and multiple industries beyond technology and finance because of decentralization. Decentralization facilitates cost savings and gives empowerment to participants, hence, because participants do not need to rely or trust third parties before carrying out their activities.
Also, inception of blockchain brings about introduction of Bitcoin and other cryptocurrencies. However, mass adoption of cryptocurrencies have become rather slow or dwindling due to complexity of blockchain structures and consensus protocol embedded in the networks. These blockchain networks are experiencing multitude of problems like low scalability, low transaction outputs or processing, poor performance and Interoperability, expensive resources essential in maintaining efficiency of the networks and so on. All these factors and several others contribute to slow or hindered adoption of blockchain technology and cryptocurrencies on a global scale.
Nonetheless, TerraCredit has proposed to introduce a solution that will address the problems and augment financial payments infrastructures, highly suitable for individuals worldwide.
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INTRODUCING TERRACREDIT
Terracredit is developed by talented persons to be decentralized blockchain network that operates with a consensus design and protocol that withstand against 51 percent attacks and other challenges affecting several blockchain networks today. Using Terracredit blockchain network, participants are guaranteed to experience lightening fast execution of transactions on the network along with accrued affordable transaction charges. Thus, TerraCredit focuses on promoting global adoption of cryptocurrencies as a better form of payments via introducing their unique platform and other impressive services.
Moreover, if cryptocurrency is to become massively adopted, there must be an easy to use, faultless, 100% accessible and available efficient payment system to support use/flow of cryptocurrencies or other digital assets. In lieu of this, developers of TerraCredit created an operating platform that is interoperable with built-in cryptocurrency wallet, which is available on both desktop and mobile platforms.
The wallet comes with a outstanding user friendly interface that supports incentivization model via staking and facilitates instant borderless payments. Also, the platform will run with CREDIT cryptocurrency, which plays the role of the project trademark coin.
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CREDIT is built to embody true qualities of cryptocurrency like user friendly, sustainable, decentralize, feasible, secure and much more, to help expand the Terracredit ecosystem and allow participants to benefit as well adept to a continuous evolving crypto and financial universe.
The CREDIT coin adopts Proof of Stake consensus and will be a viable alternative to cash, as well enables users to perform fast and borderless payments at low cost. To be a part of Terracredit reward model, participants must have a minimum of 10,000 CREDIT in their wallet which automatically initiates a staking mode without complex technicalities or expensive equipments.
IMPORTANT UPDATES
Terracredit's developers continue to impress the cryptocurrency community and global economy by further introducing more developments and beneficial products like Terrabit, Terra Mart, Terra Hub etc. which process transactions swiftly without relying on third parties system. The developers will implement a coin swap from the period of August 1st, 2020 which will be rather convenient and automatic for users.
Holders of CREDIT coins simply need to transfer their assets to Terrabit and it will instantly swapped for the new CREDIT coin in ratio of 1000:1. Users are bound to benefit from this swap because total supply will be reduced from 70 billion to 70 million, which creates opportunity for scarcity and demand of the new coin.
FINAL THOUGHT
TerraCredit aims to reach out to various class of people by helping them achieve swift payments on the blockchain at low cost. This incredible innovation will further expand into the future by generating reliable means of income as well provide support to eliminate complexities in use of cryptocurrency for payment.
For more details, use the official links ;
●Website: https://terra-credit.com/
●Whitepaper: https://terra-credit.com/wp-content/uploads/2020/03/whitepaper.pdf
●Telegram: https://t.me/terracredit
●Twitter: https://twitter.com/terracredit
●Facebook: https://www.facebook.com/terrabitofficial/
●YouTube: https://www.youtube.com/channel/UCPuDgHaN3yKPP945YfLQkcg
WRITER DETAILS,
● BTT Username : Johnson Knight
● BTT Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
● Proof Of Authentication: https://bitcointalk.org/index.php?topic=5260785.msg54776662#msg54776662
Have read over and over again but am trying to link the objective to that of binance.. so this platform works like binance right?
U can also check out my introductory post
Both platforms have their different aims, however, they can serve as ideal tool to help promote businesses and other financial activities through their simple, unique interface and fast crypto payment services. Nonetheless, Terracredit and it's products has been around for awhile and it will continue to grow by introducing new benefits to the cryptocurrency space and financial market.
Fantastic... thanks for the info
From your introductory post, I believe your are a creative person and steemit is an ideal platform for you to display your talent. More grease to your elbow!! 💪
This is valuable information for its topicality, useful for my study on cryptocurrencies. But I have one doubt. Will the ease of transactions harm the security of it and the organic nature of the cryptocurrency?
I don't think so. Regardless of simplicity and speed of processing transactions , CREDIT coin and Terracredit ecosystem is designed to be secure against malicious attacks or threats through implemented top grade security protocols and decentralized proof of stake network.