TerraCredit, The Digital payment solution with Blockchain based payments
A comfort and security becomes important in making transactions from one person to another. a good system technology continues to be developed in a transaction process. blockchain is a choice that might be appropriate to overcome this problem.
Blockchain
The blockchain is a decentralized database stored on multiple computers as highly secure identical copies. This technology has been used as the foundation for world’s most popular cryptocurrency. A truly decentralized payment platform would allow users to send and receive payments without the need for a trusted third party. However, there needs to bean intermediary to manage transactions and prevent double spending. Blockchain and it’s use of digital signatures (Encryption) is only part of the solution.
In Blockchain, every transactions are stored on block together. Each block is added to the next in an irreversible chain and connected to the one before and after it. This system, therefore, it is less risky to be hacked, more consistent, timely, accurate and widely available.
One payment that has been used with this technology is TerraCredit. TerraCredit payment systems can be one of the right solutions in terms of security and convenience.
TerraCredit
TerraCredit has designed a blockchain-based payment transaction system where decentralized transparency will be created. Besides creating a payment system that has security, feasibility, and user friendliness it becomes their main mission. This sistem are born to realize all of the above while still having the flexibility to improve and adapt to the changing Financial and Crypto environment.
The TerraCredit Blockchain network selects block producers based on coin age and balance. The main idea is to eliminate high production costs. Proof of Stake and Proof of Work used in this system have benefits in terms of transaction speed, cheaper transactions, energy saving, and more safe from outside attacks.
TerraCredit has a web-based credit wallet that automatically risks the user’s coin balance which allows them to become block producers and get prizes for maintaining Credit blockchain. This creates a legitimate and passive income stream without the need for expensive equipment and technical knowledge. Credit wallet is easy to use and does everything automatically.
Ease of credit can be accessed at our fingertips via mobile applications too. This application has been integrated like we use a website. of course with this application, convenience and comfort is the goal so that users can make transactions wherever and whenever.
Transactions and payments
Credit in the transaction function as a digital signature chain, in the transfer process is signed by each owner of the wallet in question. Each transaction can be verified and not spend double expenses.
Transactions must be announced publicly, and we need a system for participants to agree on a single history of the order of acceptance. Recipients of payment need proof that at the time of each transaction, the majority of nodes agree that it is first-received. This model is called the mint based model, mint knows all transactions and decides which one comes first. So that transactions can run smoothly, safely.
Not only that, international payments can also be handled quickly and cheaper by TerraCredit. Each transaction costs only 0,0001 CREDIT, with a target value of $ 0.01 you can easily see that Credit payments are absolutely free. The problem of international payment delays has also been addressed by this system because CREDIT has been designed with frequent block production rates, with thousands or even millions of production blocks simultaneously.
Conclusion
A payment system that is safe and comfortable is everyone’s dream. TerraCredit is one of the blockchain-based payment systems. The main idea is to eliminate high production costs. Proof of Stake and Proof of Work used in this system have benefits in terms of transaction speed, cheaper transactions, energy saving, and more safe from outside attacks. with all its conveniences such as mobile applications, speed, and absolutely free, it can be TerraCredit as the right solution.
More about TerraCredit
- Website: https://terra-credit.com/
- Telegram: https://t.me/terracredit
- Twitter: https://twitter.com/terracredit
- Facebook: https://www.facebook.com/terrabitofficial/
- Linkedin: https://www.linkedin.com/company/terra-bloockchain/
- Youtube : https://www.youtube.com/channel/UCPuDgHaN3yKPP945YfLQkcg
Author
Bitcointalk user: spinocorez
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2694482