🚀TerraCredit: Pushing Cryptocurrecny Adoption to the next level through its decentralized payment platform🚀

dipson (45)in #credit • 4 years ago

Blockchain technology here and there, the news and hype we witness everyday around this technology has being so overwhelming and alarming. Institutions and governments are keying in already, but yet, the global adoption rate is still not where it’s supposed to be, Why?

The reason why the internet technology became largely successful in terms of adoption is because of its easy connectivity (I mean you don’t need to run multiple cables and mast in your house before you can connect to the internet), unfortunately this hasn’t been the case in the blockchain industry and yet we all want it to be globally adopted by the masses?

What do I mean by this?

We have seen several projects putting with different modus operandi towards ensuring the massive adoptability of blockchain but unfortunately, a greater percentage of them are rather after enriching their pockets than tackling this major obstacle in the industry. We cant keep preaching for people to make use of blockchain technology when they cant readily incorporate it to their daily business activities, the reason being that most cryptocurrencies are highly volatile and even the stable coins we have in the industry only serves as intermediary on exchange platforms which makes it difficult t carry out business transactions with.

What then is the way out of this dilemma?

Well, I’m happy to introduce to you the TerraCredit platform

The TerraCredit Platform

Founded by the Terra foundation, the TerraCredit platform has been purposely created to become a leading cryptocurrency for the masses with the greatest level of adoption to access financial system seamlessly and safely.

The TerraCredit platform has as well integrated an exchange medium into its platform in order to achieve a totally decentralized digital payment ecosystem. Also, the credit cryptocurrency serves as a complete store of value which can completely stand the test of time without losing its value.

On this platform, the unit of accounts shall be the credit cryptocurrency and shall serve as the basis of measurement of goods and services that are being exchanged and furthermore, the consensus algorithm of the platform is mainly proof of stake which means that supporters of the network that meets up with the requirements can be rewarded with new coins, isn’t that great?

Listed below are some other interesting features of the platform ;

Availability of Credit App based wallet which replaces centralized mobile money and cash and also earns users more coins
Hybrid of both proof of work and proof of stakes which makes it safe from 51% attacks
Easy to use and highly secured platform which requires no sophisticated equipments for mining and selects block producers based on user’s coin balance and maturity.

Credit token properties

Coin symbol: CREDIT
Name of coin: Credit
Premine amount: 30,800,000,000
Total Supply: 74,800,000,000

So, what exactly are the usecases of Credit?

Serving as a payment platform globally where businesses, individuals and even institutions can make transactions using Credit tokens as their choice of payment
Form of incentive for block producers which will be selected strictly based on coin balance and maturity unlike proof-of-work which requires sophisticated equipments
Usage as a regular decentralized and open source cryptocurrency which is faster than others and also relatively cheaper (almost free transaction charges)
Credit can also be used as an alternative to cash through the Terra App based wallet which allows for instant digital payments across several devices and
Lastly, Credit can be used as a long-term investment vehicle where users can easily make long term investments with very huge ROI just by holding their Credit in an online desktop wallet which becomes staked to the network automatically after eight hours.

Conclusion

TerraCredit through its platform has proved that it is more than capable of pushing the overall adoption of cryptocurrency to the next level via its Credit tokens and the several usages coupled with the mode of operations. This project is being backed up by several experience and professional individuals as the team members and thus, I’m more than confident to say that TerraCredit is the future of the cryptocurrency industry!!