Lightning Network Rival And Bitcoin Scaling Solution ‘Softnotes’ Starts Community Presale!
Press release. Softnotes is a revolutionary new network of scalable bitcoin solutions with the potential to eventually transform bitcoin into Satoshi's "Electronic Balance and Cash System".
October 12, 2022, Illinois, USA. Soft pricing outweighs any Lightning Network scaling issues that could hold back its progress in El Salvador. They enable contactless, private, instant and decentralized Bitcoin micropayments without the compromises and complexity of the Lightning Network. Softnotes allows merchants to easily accept bitcoins and uses the world's fastest blockchain, a new layer 1 blockchain protocol that processes over 1 million transactions per second.
Tectum Community Presale has begun allowing community members and retail investors to participate in an innovative new project that actively avoids venture capital funding. The Tectum blockchain has been developed over several years by a Chicago team and is now fully operational. Tectum's flagship product is Softnote.
Program notes allow Bitcoin to achieve unlimited transactions per second (TPS). This is a radical new approach to Bitcoin scaling that involves ultra-efficient transfer of ownership of bitcoin wallets instead of bulk transactions on a two-tier chain like the Lightning Network.
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The highly decentralized architecture of Bitcoin makes it resistant to economic and technological coercion and attacks. It is a storehouse and a carrier of value, like gold. Satoshi also wanted Bitcoin to be a medium of exchange. The exchange function has always been its biggest weakness, as the security and decentralization aspects of Vitalik Buteri's "blockchain trinity" are more important than scalability.
Bitcoin forks that are more focused on scalability, such as Bitcoin Cash, have been less successful in part due to the weak network and security effects, meaning that the Bitcoin community has turned to two-tier solutions: the Lightning Network for acceleration. 7 Bitcoin GST events. The Lightning network, despite its ingenious design, proved too complex to implement and did not catch on, especially in the absence of traders and technical skills.
The ideal bitcoin scaling solution would be similar to cash and would have the following features:
- No taxes
- Anonymous:
- Immediately
There is already a scalable solution for Bitcoin. It has been fully active since October 2022. The solution is called Softnote and is a revolutionary version of how zoom works. Instead of bulk transactions like the usual second tier, Softnote allows you to have a pre-filled bitcoin wallet with a fixed amount of cash transferred at lightning speed on the Tectum blockchain.
Once the Softnote QR image is delivered via email, mobile device, or even printed on paper with a six-digit PIN, the new owner will cryptographically secure the property by entering the PIN into the Softnote platform and a new random PIN will be generated. known only to them. Since this transfer takes place offline, it is virtually contactless, untraceable and anonymous.
For now, the new owner has permanent ownership and control of the fully liquid and secure bitcoin associated with Softnote, which can be used in future Softnote transactions. However, let's say they decide to withdraw Bitcoin liquidity from Softnote. In this case, the Softnote can be burned, and the private keys associated with that Bitcoin wallet will be returned to the Softnote owner.
The Softnote platform is powered by the new third-generation Tectum blockchain with a special DAG-like three-tier architecture that provides phenomenal TPS and near-instantaneous completion of transactions.
The Tectum consensus mechanism is known as Proof-of-Utility. This allows Tecum to manage over 1 million TPS, making it ideal for applications in the context of distributed IOT and Softnote platform embedding. Apart from the insane speed, Tecum's other killer software is the "conversion network" feature for the main bitcoin chain, which has its own internal bitcoin hub. This means that providing liquidity to Softnotes is as simple as possible and optimized for maximum BTC transaction fee efficiency.
Presale TFW
The original Tectum "TET" token is capped at 10 million and the main advantage of TET is that it requires new Softnotes to be issued. The preliminary price of the token is $3.00, which means a market capitalization of $30 million with a currency offer of $10 million, as considered by most investors familiar with the cryptocurrency industry. Over the past seven days, the company has activated beta testing of the personal note printing app on the Telegram platform. Since then, the society has published over 480,000 Soft Notes. You can participate in the TET presale by visiting tectum.io.
Media Relations
Email: russellsean@tectum.io
About Tectum and Crispmind
Behind Tectum and the Softnote platform is Crispmind, a Chicago-based software development company with a team focused on quality and community engagement. Join our weekly online Ask Me Anything (AMA) sessions to talk to us directly, or visit Tectum.io to learn more about the upcoming bitcoin scaling solution.
Lightning Network rival and Bitcoin scaling solution 'Softnotes' launches community pre-sale, first appearing on Coindoo.