Who doesn't know cryptocurrency? Since its appearance in 2009, cryptocurrency has become a topic of discussion by many global communities. Cryptocurrency is considered to be a payment of the future, because of its revolutionary features, such as fast, secure, anonymous, and decentralized transactions. The cryptocurrency which was created to be an alternative to traditional payment systems is now starting to become a market that is worth more than 1 Trillion USD, and will continue to grow in the future.
Seeing the huge potential of the cryptocurrency market, TerraCredit is here as a decentralized global payment platform that will reach out to the millions of unbanked adult population globally. TerraCredit will provide fast, low-cost, secure, and decentralized crypto payments to all global users. As such, there will be more and more people who will benefit from the mass adoption of cryptocurrencies.
What is TerraCredit?
TerraCredit is a decentralized crypto payment platform that has been an alternative to cash since 2018. TerraCredit is focused on providing fast, low-cost, transparent, and decentralized crypto payments for all global users. To become a reliable platform for all users, TerraCredit has carried out many developments and innovations for services such as PC and mobile application development, and many others. This is intended to make users more comfortable using payment platforms such as TerraCredit.
As with cryptocurrency payment platforms in general, TerraCredit utilizes blockchain technology but what makes it different is that TerraCredit utilizes advanced Proof of Stake (PoS) technology to provide users with an easy cryptocurrency payment system that can be accessed from a variety of devices such as PC or Mobile. Also, users can have the opportunity to be block producers and earn rewards to maintain the TerraCredit network. In this way, TerraCredit can save more resources, because as it is known that in the cryptocurrency mining process there will be many resources used by participants to mine cryptocurrency. But with TerraCredit we can save this resource and use it for more important things.
Also, there are many other interesting things provided by TerraCredit which are very useful for global users, for example, rewarding wallets, inexpensive technology, etc. The features will be discussed in the section below.
What features does TerraCredit provide?
Now that you know what TerraCredit is and how it operates, it's time to discuss the features provided by TerraCredit.
To become a cryptocurrency payment platform, there are many features and solutions that the company needs to provide so that users will have more confidence and confidence about the platform they are using. Because as is well known, matters relating to payments must have security and privacy. And we can find that out in TerraCredit. But not only that, there are still many other things to consider to become a reliable and trustworthy payment platform. Following are the features provided by TerraCredit:
Privacy: Privacy comes first, that's why TerraCredit has designed a technology called ZcashSapling. This will maintain the anonymity of the user account.
Scalability: Sometimes when making a payment, we have to wait a long time before it is processed. However, with TerraCredit in less than 60 seconds, user transactions will be processed.
Security: TerraCredit guarantees that the security of the network will be taken care of and does not leave a single loophole open to hackers.
Rewards: TerraCredit plans a rewards system that will benefit participants, such as miners, masternodes, and regular users.
Low Fees: Nowadays the fees for most cryptocurrencies are very high, which is very burdensome for the users. However, TerraCredit guarantees that the fees for the payments will be low and almost free.
Decentralization: TerraCredit operates through a distributed decentralized organization (DAO) autonomously. Later the community will be able to participate in determining the course of action taken.
Energy Efficient: TerraCredit implements a Proof of Stake system which allows saving of resources. This is a mechanism that is a huge upgrade over Bitcoin's Proof-of-Work system.
Community: TerraCredit is fully supported by the community. Everyone can participate in the development of the TerraCredit platform.
Self-Funded: To ensure that TerraCredit continues to run independently, the team decides to use a built-in monthly treasury as platform funding.
What is Credit Token?
Credit Token is a token issued by TerraCredit and will be a utility token that can be used for many things, such as rewards or payments. TerraCredit launched this token with a supply of up to 748 billion coins and the plan is that users can buy these tokens through an available exchange or token sale program. The following is complete information about Credit Tokens:
Algorithm: Scrypt
Block type: Proof-of-Work / Proof-of-Stake
Coin name: Credit
Coin abbreviation: CREDIT
Address letter: CRPC
port: 43796P2P
port: 43795POW
Block reward: 5000 coins
Coin supply: 74800000000 coins
Premine amount: 30800000000 coins
PoS percentage: 100% per year
Last PoW block: block 10000
Min. stake age: 8 hours
Max. stake age: Unlimited
In Conclusion
TerraCredit is a decentralized digital payment platform that intends to be a payment platform that is fast, low-cost, anonymous, and transparent. With TerraCredit users can make transactions faster and cheaper than other traditional payment platforms and even similar crypto platforms. TerraCredit utilizes blockchain technology called Proof of Stake (PoS) technology which will bring convenience and accessibility to users globally. This is an open-source and decentralized blockchain-based cryptocurrency that has the potential to become a global crypto payment platform that could even revolutionize the crypto market and make it better.
Connect
WEB: https://terra-credit.com/
TELEGRAM: https://t.me/terracredit
TWITTER: https://twitter.com/terracredit
LINKEDIN: https://www.linkedin.com/company/terra-bloockchain/