🚀TERRA-CREDIT : Pushing Cryptocurrency Adoption to the next level through its decentralized payment platform🚀

tushard (29)in #credit • 3 years ago (edited)

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Today I am going to take the cross-section of my blog followers and enthusiasts through an innovative and revolutionary infrastructure in the technically savvy block chain space called the Terra Credit. The disruptive Terracredit project is a credit cryptocurrency, with its block chain-based on the proof-of-stake (POS) algorithm and several wallets that can be staked and exchanged with its cryptocurrency.

Blockchain technology here and there, the news and hype we witness everyday around this technology has being so overwhelming and alarming. Institutions and governments are keying in already, but yet, the global adoption rate is still not where it’s supposed to be, Why?

The reason why the internet technology became largely successful in terms of adoption is because of its easy connectivity (I mean you don’t need to run multiple cables and mast in your house before you can connect to the internet), unfortunately this hasn’t been the case in the blockchain industry and yet we all want it to be globally adopted by the masses?

What do I mean by this❓❓

We have seen several projects putting with different modus operandi towards ensuring the massive adoptability of blockchain but unfortunately, a greater percentage of them are rather after enriching their pockets than tackling this major obstacle in the industry. We cant keep preaching for people to make use of blockchain technology when they cant readily incorporate it to their daily business activities, the reason being that most cryptocurrencies are highly volatile and even the stable coins we have in the industry only serves as intermediary on exchange platforms which makes it difficult t carry out business transactions with.

Fundamental Benefits of Terra Credit✨✨

Terra Credit is a decentralised project based on block chain technology. Decentralization means the maximum freedom and accessibility of projects and the anonymity and openness of transactions.

Besides, since there are many verification programs that can protect the block chain from a good percentage of assaults and different sorts of digital and cyber dangers, the network system is secure. Moreover, the entry boundary for validators is incredibly low, which further builds the security and decentralization of the block chain.

The credit coins of the Terra Credit project and infrastructure can be utilized for charging and seamless payments around the globe. Every module in the system is connected every other minute to guarantee the most noteworthy operational pace. What's more, you would be impressed to note that the commission for every exchange is just 0.00001 focuses, which is about 0.000003 cents dependent on the current conversion standard of the token.

Listed below are some other interesting features of the platform ;

Availability of Credit App based wallet which replaces centralized mobile money and cash and also earns users more coins

Hybrid of both proof of work and proof of stakes which makes it safe from 51% attacks

Easy to use and highly secured platform which requires no sophisticated equipments for mining and selects block producers based on user’s coin balance and maturity.

So, what exactly are the usecases of Credit?

Serving as a payment platform globally where businesses, individuals and even institutions can make transactions using Credit tokens as their choice of payment

Form of incentive for block producers which will be selected strictly based on coin balance and maturity unlike proof-of-work which requires sophisticated equipments

Usage as a regular decentralized and open source cryptocurrency which is faster than others and also relatively cheaper (almost free transaction charges)

Credit can also be used as an alternative to cash through the Terra App based wallet which allows for instant digital payments across several devices and

Lastly, Credit can be used as a long-term investment vehicle where users can easily make long term investments with very huge ROI just by holding their Credit in an online desktop wallet which becomes staked to the network automatically after eight hours.

Why Proof of stakes(PoS) not Proof of work(PoW)?

In the past CREDIT was a PoW and PoS blockchain but block height 10 thousands that’s why it has become only PoS. CREDIT blockchain network selects block producers based on coinage and balance, in contrast to PoW blockchains where computational power determines success in block production. Proof of Stakes(PoS) is totally new leap in cryptocurrency evolution which presents true decentralization & pure accessibility.

The end goal of PoS is identical to that of PoW: They both are the validator of transactions. By the way, their Working systems are totally different. The biggest advantage Proof of stakes(PoS) has than Proof of work(PoW) is that it is very less energy-intensive because hash power don’t have any role in success as a producer. This solidifies the decentralization of the CREDIT blockchain by removing production cost and remove the shackle. This allows Terra-CREDIT’S to introduce thousands of non-technical block producers.

Where to store CREDIT?

There are multiple wallets for storing CREDIT.....

Android Wallet

Windows Wallet

Mac Wallet

Linux Wallet

Protects from fake stakes attacks 😈😈

CREDIT proof of stakes(PoS) protects against fake stake attacks because anyone can produce, therefore, many producers and too many nodes to confuse. It’s the distribution strategy that makes CREDIT rock solid, safe & unique than any other blockchain.

Where to buy CREDIT?

At the moment CREDIT is listed Four well known exchange Cat.Ex, BitForex, Hotbit and Crex24

you can also check them on coinmarketcap:

Terra-Foundation’s mission✨✨

The eventual mission of Terra-Foundation making the CREDIT to the Leading cryptocurrency in the crypto-economy. Also make a permanent replacement for cash & rewarding system which will be attractive for new people’s to join cryptocurrency.