TERRACREDIT : A TRUSTWORTHY PAYMENT SYSTEM AND DIGITAL MONEY FOR MASS ADOPTION
Mohammed Mizan
Executive Marketing & Sales at Bangladesh Foundry & Engineering Works Limited ( BFEW)
A Blockchain ensures the longest chain is always followed and serves to prove as the consensus of the majority of nodes, in a Proof of Work environment this system is flawed because of its reliance on computational power. The blockchain is of the solution, the decentralization of network nodes is crucial to ensure long term safety of the network.
blockchain propose Proof of Stake as a better alternative that does not decide the longest chain based on hash power, instead, wallet balance and coin maturity are used to determine the next producer. This is very valid in every payment platform
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.
The Credit wallet offers the simplest and rewarding mining experience which with latest technology. Credit desktop wallet automatically "Stakes" a users coin balance which allows them to become a block producer and earn rewards for maintaining the Credit blockchain.
The Terra Credit desktop wallet was built with this principle: if you have a minimum of 10,000 CREDIT coins in your wallet and access to the internet, you can become a block producer. Everything is automatic, all it takes is one click. Block producers are getting paid with newly mined coins instead of transaction fees. Our transaction fee is virtually nothing.
The wallet is already developed and available for many popular operating systems, which is very simple and understandable for every user without technical knowledge. I say that Credit offers fast and virtually free transactions on an energy-efficient Blockchain that costs very little to support and is highly rewarding.
Lets see the feature present in Terra Credit they have TerraCredit wallet all user can download the wallet and get more benefit by join or participate in the block production anonymously so that very intersting , and then the acceleration of the transaction all well and sat with blockchain so far well and instanly .
there in future we will see the great acceleration transaction spend in under 1 second lets see in future , the security network control overall all well because they highly decentralized proof of stake with over 12,000 non competetive solo miners , so this is will make all user comfortable to become on the platform, do you know guys we can get a rewards by stake the balance of we will get 100% profit annualy wow that really great and there no need pc to staking. you can use are available for all web connected devices that make all user easy to staking .
The fees transaction is comfortable because the fee for send amount is below $ 0.00000003 , and do you know the team have a great experience background so overall all feature completed .
Due to the simplicity and openness of the Terra Credit blockchain, anyone can join the network as a validator and earn money by creating new blocks in the blockchain and confirming transactions.
Stacker earnings consist of two points – Commission for transactions paid by users, as well as new credit coins created in each block as a reward and financial incentive for validators.
In order to become a validator of the Terra Credit network and start earning money, you need to take 3 simple steps:
Download and install from the official website a wallet available for Windows, Mac, Linux or Raspberri (as well as for Android phones via the exchange's Terrabit Lite app)
Top up your wallet balance with at least 10,000 credit coins
It doesn't take very long to wait for the wallet to sync – this doesn't take very long, since the blockchain currently weighs just a little more than the 1st Gigabyte.
The goal is close to being achieved with the potentials of the Terra foundation platform Credit. Credit would make you achieve financial freedom and will help many people understand how they can use money or make payments with cryptocurrencies in the most convenient way that would improve the standard of their lives.
Official link of Terra Credit :
?? Website : https://terra-credit.com/
?? Whitepaper : https://terra-credit.com/wp-content/uploads/2020/03/whitepaper.pdf
?? Ann Thread : https://bitcointalk.org/index.php?topic=5114929
?? Telegram : https://t.me/terracredit
?? Facebook : https://www.facebook.com/terrabitofficial/
?? Twitter : https://twitter.com/terracredit
?? Linkedin : https://www.dhirubhai.net/company/terra-bloockchain/
?? Youtobe : https://www.youtube.com/channel/UCPuDgHaN3yKPP945YfLQkcg
?? Github : https://github.com/The-Terra-Foundation
Author Bitcointalk username : arsenalx420
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=1767745
POA: https://bitcointalk.org/index.php?topic=5260785.msg54785112#msg54785112