The relatively young high-performance blockchain network, TechPay Coin, wins the ‘world’s fastest blockchain’ award. TechPay Coin’s network achieved past remarkable throughput levels of 300,000+ TPS besides an absolute minimum of 500 milliseconds transaction Time-to-Finality. The group of TechPay Coin received the award at Crypto Expo Asia 2022 held in Singapore between June 22 and 23, 2022.
Why TechPay Coin (TPC) is termed Blockchain 3.0?
In his speech, one of the co-founders of TechPay Coin referred TechPay as ‘Blockchain 3.0’. TechPay Blockchain tends to become a potential contender to traditional payment firms, as TechPay launching Blockchain 3.0 tackles the main problem in existing blockchains: Scalability.
How TechPay can become the most scalable blockchain?
As an upgraded version of Blockchain 2.0, Blockchain 3.0 refines and develops its prior’s creative abilities. TechPay uses a coordinated directed acyclic graph (DAG) as its information construction to work with a unidirectional information movement, reducing block stretches.
What are some other notable features?
TechPay recorded the fastest digital transaction including value ever; the sub-second count was recorded at 471 milliseconds. Utilizing DAG Consensus and pBFT, the open-source TechPay manufactured a protocol that can coordinate real-life trades without compromising the security of a blockchain while charging almost negligible gas fees. To build that utility, TechPay seeks to send off a Payment Gateway System later on sooner, allowing people to accept payment in digital currencies.
What does TechPay intend to do?
A definitive rationale in supporting the EVM Compatible TechPay blockchain was to solve the blockchain problems, fostering one of the three beneficial characteristics: decentralization, scalability, and security which existing blockchains fail to achieve.