Crypto Markets Are Weak, But TechPay Coin (TPC) Has Rallied Over 20%

TechPay Coin, the reputedly ‘fastest’ blockchain network following completion of over 300,000 transactions per second, was an exception to the current bearish scenarios.

As Bitcoin (BTC) drives down crypto prices, TechPay Coin made an impressive announcement following the launch of the Two-Way Cross-Chain Bridge with Binance Smart Chain, resulting in Wrapped TPC (WTPC) going live on Pancakeswap on May 17, 2022. This cryptocurrency has seen a 350% surge since its launch two months ago, accumulating a market capitalization of around $11.8 million at the time of writing.

What is TechPay?

TechPay is an infinitely scalable Layer 1 blockchain based on pBFT and DAG, delivering unparalleled performance with transaction fees equivalent to a fraction of a penny. Transactions on the TechPay network reach their finality in 500 milliseconds with the utmost decentralization thanks to the PoS (proof of stake) consensus algorithm.

TechPay Coin (TPC) refers to the native currency of the TechPay network, which is used to pay transaction fees and reward users for participating in the network’s consensus cycle. TechPay has a fixed supply of 6 billion TPC, with an inflation-proof mechanism on the network, which burns 30% of the total transaction fees used in each block.

What is the purpose of TechPay?

The TechPay convention aims to solve three of the most serious problems facing blockchains: security, decentralization and scalability. Named the “blockchain trilemma”, the TechPay network claims to solve the above-mentioned three important problems.

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TechPay developed the Sirius protocol. Sirus combines the Acyclic Directed Graph (DAG) consensus and the Practical Byzantine Fault-Tolerant (pBFT) consensus, allowing transactions to be processed and signed securely with unparalleled speed.

As the number of transactions between each shard increases, the threat of Blockchain centralization is mitigated and the energy demand is greatly reduced as hashing power is not required to reach the next block.

What is the future of TechPay?

Blockchain is the inevitable future. Permissionless architecture gives control back to people instead of centralized authorities. As the use cases grow, so does blockchain adoption. Decentralized finance remains one of the most intriguing use cases for blockchain, followed by Web 3 and the Metaverse.

There is, however, a constant demand for powerful yet efficient blockchain technology in today’s world – TechPay Coin’s real-time transactions and low transaction fees provide the answer. The chain supports smart contracts, NFTs, and dApps to build and deploy on it.

Disclaimer – The above content is non-editorial, and Economic Times hereby disclaims all warranties, express or implied, in connection therewith, and does not warrant, warrant or necessarily endorse any contents. Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss arising from such transactions.

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