Crypto Markets Weak, But TechPay Coin (TPC) Posted Over 20% Rally

TechPay Coin, the blockchain network considered “the fastest” after carrying out more than 300,000 transactions per second, has been an exception to the current bearish scenarios.

While Bitcoin (BTC) is driving down crypto prices, TechPay Coin kicked off an impressive post-rally announcement of two-way cross-chain bridge launch with Binance Smart Chain, resulting in Wrapped TPC (WTPC) going live. goes live on Pancakeswap on May 17, 2022. This cryptocurrency has seen a 350% increase since its launch two months ago, amassing a market capitalization of about $11.8 million at the time of writing.

What is TechPay?

TechPay is an infinitely scalable layer 1 blockchain based on pBFT and DAG that features unparalleled performance with transaction fees equivalent to a fraction of a cent. Transactions on the TechPay Network reach finality in 500 milliseconds with maximum decentralization courtesy of the PoS (Proof of Stake) consensus algorithm.

TechPay Coin (TPC) refers to the native currency of the TechPay network, which is used to pay transaction fees and reward users who participate in the network’s consensus cycle. TechPay has a fixed supply of 6 billion TPC, with an inflation-resistant mechanism in the network, burning 30% of the total transaction fees spent on each block.

What is the purpose behind TechPay?

The TechPay convention aims to address three of the most serious issues facing blockchains: security, decentralization, and scalability. Dubbed the “blockchain trilemma,” the TechPay network aims to solve the three major problems mentioned above.

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TechPay developed the Sirius protocol. Sirus combines Directed Acyclic Graph (DAG) and Practical Byzantine Fault Tolerant (pBFT) consensus, making it possible for transactions to be securely processed and signed with unmatched speed.

As the number of transactions between each shard increases, the threat of Blockchain centralization is mitigated and energy demand is dramatically reduced because hashing power is not needed to fulfill the next block.

What is the future of TechPay?

Blockchain is the inevitable future. Permissionless architecture returns control to individuals rather than centralized authorities. As the use cases expand, the adoption of blockchain also multiplies. Decentralized finance remains one of the most intriguing use cases for blockchain, followed by Web 3 and the Metaverse.

However, there is a constant demand for effective yet efficient blockchain technology in today’s world – TechPay Coin’s real-time transactions and minimal transaction fees provide the answer. The chain supports smart contracts, NFTs, and dApps to be built and deployed on it.

Disclaimer: The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, express or implied, relating thereto, and does not necessarily warrant, endorse or endorse any of the content. Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any losses from such transactions.

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