Terra Credit: The Champion cryptocurrency for adult unbanked population. Simple to use easy to earn for emerging cryptocurrency lovers!

frankydoodle (59)in #credit • 4 years ago

Good morning guys! It is me again your Mr. Decentralized that will talk about another quality project that will improve the transactions and raising awareness of the blockchain and cryptocurrencies to our different nationality brothers. I would like to introduce to you Terra Credit.

This is a blockchain project that is made for the 'unbanked' population in the world. When we say 'unbanked' or 'bankless', these are people who do not have the required cash to open a passbook or an ATM account. Therefore, their hard-earned money was just in their wallets or piggy banks. There is no problem with saving. But if you would just have it save on banks or piggy banks, it won't earn that much. Actually, it would only earn you peanuts! The worst part is that you will have tax on capital gains as well.

This is where the Terra CREDIT team made CREDIT. This is a new cryptocurrency for the unbanked that aims to be spread all across the AFRICAN region and its neighboring countries. These people have the most number of people who have no access to the banking system and no other means to have a bank account because of their income bracket to be in the 'low income' bracket.

FEATURES AND COMPETITIVE ADVANTAGES OF CREDIT CRYPTO

A. Accessibility through the use of mobile app made by Terracredit--> The terra credit team made CREDIT to have wallets both on the desktop and the mobile wherein people can easily use and start transacting and saving CREDIT in their wallets until they can stake it as well. This is the perfect way to achieve the adaptability of technology for all people on a worldwide scale.

B. Swift and low-cost transactions---> As I checked the white paper of Credit, I saw that the transaction fees are way too low versus the prominent blockchains that we see in the crypto space. It is almost 100x less expensive than that of Ethereum. You could look their blockchain explorer here: https://explorer.terra-credit.com/

Not only that, because even though the transaction fees are very way too low as seen in the white paper 0.0001 CREDIT and you can add unlimited number of transactions in the blockchain as well. It is so amazing because it will help the Nigeria, Africa and other African countries to be able to cut the middlemen to trade.

C. Blockchain of CREDIT for transparency of transactions with anonymity---> Blockchains are needed for CREDIT to facilitate if there are any disputes of transactions. Here we are about to see that the CREDIT can also have their own blockchain explorer and see that a transaction has been filled, pending or not yet done.

D. Easy mining of CREDIT and a variety of wallets to choose---> In the dawn of cryptocurrencies, especially Bitcoin and Ethereum, we are aware that all of those mining are made by high-end miners thru the use of computer processors and high GPU costs. It is minted with the use of computations in the blockchain mining. Which in turn, the margin is low compared to what the Credit team employs which is mainly the Proof of Stake or POS. With just holding about 10,000 CREDIT on the wallet, you can stake your CREDIT, and automatically, you will be mining CREDIT to be able to secure the network. That's it! The more CREDIT it is in your wallet, the more CREDIT you can mine as well on the staking capability.

E. Proof of Staking--> In terms of Proof of staking, there are a lot of advantages, first is that as a miner, you will be able to secure the network and prevent the 51% attack because all of the nodes are decentralized and anonymous. Therefore, these attacks are almost impossible because the nodes are being held worldwide and these people do not know each other. Therefore, rest assured that your funds are safe with CREDIT.

CREDIT WALLETS

There are different kinds of Terra Credit wallets to choose from. From basic to advanced, they do have it all! Look at this

https://terra-credit.com/wallet/

There are local machine wallets, web wallets if you are not in front of your computer as long as you have your private key, you can import it. There is also a Raspberry Pi type of wallet wherein you will just have to plug it into the computer for it to work and mine. And there is a mobile wallet which is called as the Terrabit.
https://www.terra-bit.io/

The Terrabit is made by the Terra Credit team to have a mobile wallet perfect for the CREDIT cryptocurrency. Because this is a mobile wallet, it can make international payments with just a few taps on your mobile phone and money can easily be sent as well as the CREDIT crypto. It also acts as a cryptocurrency exchange and wallet at the same time. Making it easier for you to lessen the fees and have thorough transactions.

As I saw the Terrabit webpage, it is being used by these countries now: South Africa
Nigeria
Ghana
Kenya
Columbia and more to come!

Here is the image of my dashboard for the TERRABIT dashboard

ROADMAP

This roadmap will be updated and more to come eventually! More power to TERRA!

TEAM

Thank you so much to all who read my post about CREDIT. I can say that definitely, this will be the next big thing in the African cryptocurrency space.

For more information, you may check their website, white paper, and other social media accounts here:

Website: https://terra-credit.com/

White paper: https://terra-credit.com/wp-content/uploads/2020/03/whitepaper.pdf

Terrabit website: https://www.terra-bit.io/

Credit blockchain explorer: https://explorer.terra-credit.com/

Facebook: https://www.facebook.com/terrabitofficial

Telegram: https://t.me/terracredit

Twitter: https://twitter.com/Terracredit

Youtube: https://www.youtube.com/channel/UCPuDgHaN3yKPP945YfLQkcg

Linkedin: https://www.linkedin.com/company/terra-bloockchain/

Medium: https://medium.com/@terracredit8

Github: https://github.com/The-Terra-Foundation