9.1 C
Canberra
Wednesday, September 28, 2022

Indian Crypto Project TechPay Wins “World’s Fastest Blockchain” Award, Blockchain 3.0 Is Here.

New Delhi, India, June 26, 2022, ZEXPRWIRE, TechPay Coin, The Relatively Young High-Performance Blockchain Network Bags The Award For Being The “World’s Fastest Blockchain”

  • TechPay Coin’s network achieved beyond impressive throughput levels of 300,000 TPS along with a bare minimum of 500 Milliseconds transaction Time-to-Finality.
  • The team of TechPay Coin received the award at Crypto Expo Asia, 2022, which took place in Singapore on the 22nd & 23rd of June.

TechPay Coin (TPC) Is Blockchain 3.0

One of the Co-Founders of TechPay Coin referred to TechPay as “Blockchain 3.0” in his speech. TechPay Blockchain can become a serious competitor to traditional centralized payment institutions, as TechPay Introducing Blockchain 3.0 beats the most significant issue for existing blockchains: Scalability.

How TechPay Became The Most Scalable Blockchain?

As an overhauled rendition of Blockchain 2.0, Blockchain 3.0 expands on and refines its ancestor’s innovative abilities. TechPay uses a directed non-cyclic chart (DAG) as its data structure to work with a unidirectional data progression, consequently reducing block intervals.

TechPay permits the transactions to be handled very quickly — at an unimaginable pace of 300,000+ transactions each second.

Real-Time Transaction Capability | Minimal Gas Fees

TechPay recorded the fastest digital transaction involving value ever; The sub-second number sits at 471 Milliseconds. Utilizing pBFT & DAG Consensus, The open-source TechPay manufactured a protocol that can integrate into real-world exchanges without compromising a blockchain’s security while boasting gas fees equal to a fraction of a cent. To expand on that utility, TechPay aims to launch a Payment Gateway System in due time, Enabling citizens to accept payment in cryptocurrencies.

TechPay = Innovation

The ultimate motive for developing the EVM Compatible TechPay blockchain was to solve the blockchain trilemma, sustaining all three desirable characteristics: scalability, decentralization, and security which Layer-1 Blockchains of the present era fail to achieve.

PR Contact:

ZEXPRWIRE
[email protected]

The post Indian Crypto Project TechPay Wins “World’s Fastest Blockchain” Award, Blockchain 3.0 Is Here. appeared first on Zex PR Wire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

Related Articles

Latest Articles