TerraCredit - Sophisticated Decentralized Payment Platform

Introduction

Previous attempts to implement cryptocurency payment gateways and blockchain have been slowed down by a lot of factors. The first factor is volatility, which create risk on any individual that needs to hold and convert cryptocurrency into fiat like USDT, EUR, NAIRA, etc. Another factor is the inability of users to pay in currency that appreciate or depreciate in value. Finally, fees used in transferring currency and settlement times have really hindered making use of retail transaction. If all these problem could be solved impeccably, cryptocurrency will be the best means of making payment when compared to old method of transactions. Cryptocurrency creates that friendly environment in which people can make transactions without any third party plus a very low or no fees. There is need to solve all these problems related to cryptocurrency as regards payment gateway.

TerraCredit Platform

So far, blockchain primarily based payment gateways are succeeding where standard ones have failed; transferring funds in no time at considerably lower fees. Blockchain is obviously better than the old method of making payments between individuals. TerraCredit platform is a decentralized payment platform within the form of a Decentralized Autonomous Organization (DAO) with decentralized non Delegated Proof of Stake (DPOS) primarily based governance and Proof of Stake (POS) staking. TerraCredit is a truly decentralized payment platform which enable users to send and receive payments without the necessity for a sure third party. However, there is necessity to bridge the gap with technology to avoid double spending. Blockchain and its use of digital signatures is merely a part of the answer, decentralization of network nodes is crucial to make sure future safety of the network. Terra has designed Credit (CREDIT) to supply free and quick blockchain based payments.

What is CREDIT ?

CREDIT is a cryptocurrency that aims to be a decentralized Digital payment resolution to the world’s unbanked adult population. CREDIT is a decentralized proof of stake cryptocurrency that is easy to mine and rewards holders with passive financial gain.

TerraCredit Blockchain

CREDIT is a progressive Blockchain that support CREDIT mining on virtually any digital device. This provide opportunities for people who are interested in making money beyond the old banking system. Miners will stake rewards with a gain of 100 percent annual profit, and receive mining rewards. This is often a rare chance to users ready to make a whooping 100 percent annual profit via mining. This is an opportunity of a lifetime. CREDIT is a payment processing platform which facilitates online and physical payments across each conceivable device. It is conjointly a payment processing platform that is intended to be as straightforward as doable and relevant to anyone with a basic computer or smartphone. CREDIT is a Proof of Work (PoW) and Proof of Stake (PoS) hybrid Blockchain and since block height 10 000, it has become strictly PoS. The Blockchain network selects block producers based on coinage and balance, compared to PoW Blockchains where computational power determines success in block production. PoS is the next step in cryptocurrency evolution that promotes actually decentralization by rising accessibility. 

With PoS, you don’t need any computing power. All you need to verify transactions is few coins on the Blockchain. That’s referred to as STAKING, as a result of your staked coins. The principle is easy understand – the more coins you have, the more probabilities you get to verify transactions. All you need to do before you can stake is to have your coins locked in the wallet. You can’t sell nor move it, because if you do, you are not able to verify the blocks, hence, no rewards is out there for you. Many thousands CREDIT miners had really benefited from supporting the CREDIT Blockchain.

The benefits of PoS includes;

• Faster transactions
• Lower transaction fees
• Lower cost of production
• Energy efficient
• Safe from 51% attacks

Features of CREDIT Blockchain

CREDIT Blockchain has great features which are but not restricted to;

Smarter Technology – CREDIT Blockchain is greaseproof to any harmful attacks.

100 percent Inclusive – The CREDIT wallet is very simple and easy to use. It can produce blocks automatically using any type of modern computer or mobile devices.

Fast and Free – CREDIT transaction can be done within seconds and its literally free due to it's low transaction fees.

Since its launch, Terra has ensured that CREDIT users have access to wallets on different devices available at their disposal. TerraCredit Wallet can be downloaded on Windows, Mac, Linux, Android and Raspbian devices. 

Uses of CREDIT 

The usage of CREDIT is enormous, some of them are;

• As a payment platform for the world’s unbanked 
• As incentive for 3rd party producers
• As an everyday cryptocurrency
• As an alternative to cash
• As a long-term investment vehicle

Amazing Merchandise of Terra

Distinctive features of Terra includes the following;

Terra Hub – a social network that rewards users by giving “CREDIT” as a gift.

Terra-bit – a centralised cryptocurrency exchange which is highly secured and fast. It is also a payment platform and used for crypto mining.

Terra-Mart – is a zero fee shopping marketplace operated by Terra and Tellus-Pay. 

Terra Wallet – is a web and app-based wallet used for storing CREDIT. You can send and receive CREDIT using the wallet

Terra-Cex – is a South African cryptocurrency exchange platform. 

Mini-POS – is a web-based CREDIT staking wallet that improves the ability to earn through block production and replaces the necessity for a processor primarily based device. It permits smartphone users access to 100 percent profit per annum and allows CREDIT holders to make hourly passive financial gain through a user-friendly interface

Tellus-Pay and Tellus-Merchant – It features fiat currency support – Naira and Rand, cryptocurrency support, and MiniPOS access to take CREDIT.

CREDIT Swap

On 1st of August 2020, CREDIT will launch version 2.0 Blockchain. Every CREDIT on Exchanges (that support swap – Bitforex, Terra-bit, and Catex) and Terra wallet would be swapped. The swap ratio will be 1000 : 1. In other words, every 1000 CREDIT you have will be swapped to new 1 CREDIT.

CREDIT is currently traded in Terra-bit, Bitforex, Catex, and will be listed in Crex24 exchange around 1st of August, 2020. More exchanges are on the way. Be informed that trading will start in these aforementioned exchanges on the 3rd of August, 2020.

Team 

TerraCredit team is comprised of quality and experienced individuals ready to make this project a success. The team is smart and vast in crypto related technology. Below are the team members, investors and advisors. 

Conclusion

A platform where users can send and receive Cryptocurrencies within a twinkle of an eye with a very low fees creating a better environment for payment gateways is improving for the past years. TerraCredit's mission is to make transactions as seamless as possible providing a greater advantage over the normal banking, creating an easy source of income for users ready to exploit crytptocurrency aside the normal banking system. TerraCredit will revolutionize the banking industry. Investing in this project is a simple definition of an opportunity-of-a-lifetime. Watch out! Its going to be huge, 'amazing' is written all over it.

To know more about TerraCredit, visit the links below;

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Written by Jerryco (bitcointalk username) 

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Credit address — CWNpGvVmwbwhoKiHqFMdiN8UBTnH8ymhW2

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