In today’s world, speed is crucial. We want faster transactions, faster downloads, and faster applications. Blockchains solved that problem, but only partially. Ethereum is still very slow and costly. As a result of that problem, faster blockchains named “Ethereum Killers” were developed.
One of the most prominent of them is Solana, which can reach up to ~200k transactions per second. However, the next bull run will see faster blockchains than Solana, the so-called “Solana Killers”
One of those blockchains is Tectum! Tectum has developed a blockchain (and a vast array of apps and services compatible with it) that could go as fast as 1 million transactions per second, five times faster than Solana.
In this article, we’ll dive deeper into what Tectum is and what are its main products. Enjoy!
What is Tectum?
Tectum, created by Crispmind, is a special kind of blockchain that does things differently. Here’s why it’s unique:
- Easy Transactions: Tectum makes transactions simple by doing one at a time. This means transactions keep moving smoothly without waiting or getting stuck. It’s like having a clear road for your transactions.
- Smart Network Map: Tectum is smart with its network. It creates a map every 200 milliseconds to show each computer (node) where its closest friend is. This makes the network work better and saves unnecessary effort.
- Special Data System: Tectum has its own way of sending data. It tells computers how to build the next part of the blockchain without sending all the data again. This makes things work faster and more efficiently.
- Quick Search Engine: Tectum has a built-in search engine that helps find and use lots of data at the same time. It’s like having a super-fast way to look up information, way better than regular databases.
All these special things make Tectum a super modern and fast blockchain. It’s like having a high-speed and efficient way to handle lots of information all at once.
What Makes Tectum Unique?
- Potentially the World’s Fastest Blockchain
- Innovative Technical Solutions
- Four Revolutionizing Products
- Developed By A Major Cybersecurity Firm
Existing Products
Tectum has four important products it offers.
Tectum Blockchain
Tectum is a distributed ledger protocol platform that employs the proprietary record change signature management algorithm.
Their technology can potentially exceed 1 million transactions per second and provides instant event status delivery and ownership updates across the blockchain network, along with distributed levels of access to functional system modules.
Instead of storing the data directly in the blockchain, the blockchain stores hashes that are mapped back to the original data stored at a lower level. This isolates the heavy transaction-related data from the main pipeline by hashing, encrypting, and signing the bundles at the end of every transaction and archiving it.
This makes the event-related data instantly verifiable and publicly accessible, with different levels of accessibility provided to different transaction-related modules.
Tectum is perfect for lightweight, high-volume applications, especially for record-keeping so you could use it to effectively notarize and store municipal, legal, logistics, and billing records, for instance.
Tectum SoftNote
Tectum’s SoftNote introduces a transactionless payment system with instant payments and zero fees. By utilizing Tectum’s Bitcoin node and overlay network, SoftNote enables on-chain transfers with low fees and rapid transaction times. This innovation aims to make BTC a scalable global cash system by reducing transfer costs to zero and providing instant finality
Key features of SoftNote include fast and anonymous transactions, replacing traditional transactions with handovers. SoftNote bills, denominated in Bitcoin, Ethereum, and USDT, serve as a store of value and can be purchased through Tectum’s web wallet and mobile app.
Here’s how it works:
- Create a Wallet: Tectum’s system sets up empty BTC/Crypto wallets using the Tectum BTC node in preparation for SoftNote minting.
- Mint SoftNote: A Minter spends TET to mint a SoftNote pack containing 100 bills. Each bill receives an individual serial number, and the corresponding BTC amount is transferred to a dedicated address. Minting licenses are applied to the Minter’s account.
- Liquidity Provision: A Liquidity Provider (LP) transfers BTC/Crypto to the wallets of desired SoftNote bills. LP licenses for these SoftNotes are assigned to the Tectum account.
- Circulation Release: The Minter distributes SoftNotes, facilitating trade and exchange. This can occur through direct transactions, sales, exchanges, or a network of distributors.
- Revenue Generation: End users spend SoftNotes, and for retail transactions, a capped fee of 1% is charged to the retailer. Minter and LP license holders each receive 20% of this fee.
SoftNote provides a seamless, fee-free payment experience, making it an innovative solution for global transactions.
Tectum Crypto Wallet
The Tectum Wallet offers a swift and cost-effective alternative, allowing instant transfers and conversions of BTC and other cryptocurrencies at a fraction of the usual expense. Ideal for currency transfers and online retail, this wallet operates on Tectum’s rapid decentralized ledger platform.
Here are the key features of the wallet:
- Instant Multi-Chain Settlement: Tectum’s platform ensures swift multi-chain settlement, bypassing the high fees associated with traditional cryptocurrency transactions.
- Native BTC Integration: Fully integrated with the Bitcoin Main Network, Tectum maintains a native BTC environment, providing advantages over alternatives like wBTC.
- SoftNote Ecosystem: The Tectum Wallet serves as your entry point to the SoftNote platform, offering instant, low-cost, and highly secure payment services without unnecessary complexity.
- Disruption in Digital Currency: Positioned as next-generation technology, Tectum aims to disrupt the digital currency landscape by enhancing transaction speed and lowering costs for global users and businesses.
Tectum XFA
XFA serves as a secure authentication platform for both mobile and desktop, offering robust user security to payment processors and service providers.
Utilizing a blend of human and machine logic, XFA creates quantum-proof login encryption, safeguarding against SMS and QR-code hacking. Additionally, it provides Dual Tone Multi-frequency (DTMF) fallback protection for situations involving lost or legacy devices.
Tokenomics
Token Overview & Use Cases
The Tectum Emission Token, a T12 token on Tectum, is the native token of the Tectum blockchain. It offers various utilities, including minting SoftNote Bills, enjoying reduced merchant fees, creating T12-20 standard project tokens, and accessing other Tectum/CrispMind products. Together with other tools provided by Tectum, TET empowers users to seamlessly engage with Crypto, NFTs, and digital contracts, ensuring minimal risk and maximizing security and speed.
TET addresses the challenge of crypto usability, serving as a universal store of value for Peer-to-Peer (P2P) and retail transactions in a real-time, secure, and fee-free environment. There are also ERC-20 Wrapped TET and BEP-20 Wrapped TET, which have the same functionality as usual TET and can be obtained on a 1 to 1 exchange basis via a bridge.
Roadmap & Updates
Here is the complete roadmap of Tectum, with its completed milestones and future achievements:
Completed Milestones
- Blockchain Development
- Testnet and MainNet implementation
- Fully functional web wallet with SoftNote Minting & Burning capabilities
- In-wallet support for BTC, Ethereum, BNB, and Tron wallets
- Softnotes for major cryptocurrencies: BTC, USDT, TRX, Ethereum
- Off-wallet support for Softnotes
- Merchant Solutions
- Merchant terminals and suites for easy integration
- DEX and CEX listings for broader market accessibility
- Community expansion initiatives for widespread adoption
- Forging strategic partnerships to enhance the project’s reach
- Introduction of TET Staking for community participation
- Establishment of Tectum Labs: Incubation, Launchpad, and Innovation Hubs
- Successful SoftNote (TET) Airdrop II & Merchant Affiliate Program
Q3 2023 to Q4 2023: Expanding Horizons
- SoftNote Marketplace: Launching a dedicated marketplace for SoftNotes, promoting liquidity and accessibility.
- Token Standardization: Introduction of the T12-20 token standard for improved interoperability and compatibility.
- NFT Marketplace: Implementation of a robust NFT Marketplace to tap into the growing non-fungible token space.
- Cross-Chain Integration: Enabling cross-chain functionality for enhanced connectivity and versatility.
- Widening SoftNote Offerings: Expansion to include SoftNotes for Solana, Dodgecoin, XRP, and more.
- Lossless Project: Launching a Lossless project, focusing on minimizing risks and ensuring secure transactions.
- SoftNote Denomination: Introduction of SoftNote Satoshi (sats) denomination for finer transaction granularity.
2024: Paving the Way for the Future
- SoftNote App: Unveiling a dedicated SoftNote App for enhanced user convenience and accessibility.
- Innovative Offerings: Introducing Bitcoin Ordinals SoftNote and exploring additional innovations.
Community
Twitter – 64k
Telegram – 28k
Facebook – 5.4k
LinkedIn – 5k
Discord – 5k
Closing Thoughts
To sum everything up, Tectum is an ambitious blockchain infrastructure project that aims to become the fastest and most scalable layer 1 in the world. By developing new products and services, the company is slowly but surely winning a piece of the market share, making a presence in crypto wallets, decentralized and centralized exchanges, and blockchain infrastructure.
Disclaimer
NOT FINANCIAL ADVICE: The information provided on this website is for informational purposes only and should not be considered financial or investment advice. It is not a recommendation to buy, sell, or hold any crypto or investment.
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