Mahe, Seychelles--(Newsfile Corp. - March 13, 2024) - Tectum, the decentralized network developed by Crispmind, has made history by becoming the fastest blockchain in the world.
This is a significant stride, as the company breaks its own record of 1.2 million transactions per second and extends its streak. The update comes after the final phase of a series of live tests to show how well the blockchain can process transactions.
It is unsurprising that several blockchains have been vying for the title of being the fastest blockchain in the world. While there have been countless claims, none of these decentralized networks have been able to back their postulations with adequate evidence.
Tectum decided to prove its claims legitimate by showing actual results of its blockchain's capacity. The blockchain firm did a livestream via its YouTube page to ensure that the process was genuine and transparent. In addition, it made access open to everyone who was interested in participating.
Following the completion of the exercise, the company is sharing a detailed report on the result of the second phase of testing.
Result of the Tectum TPS Test Final Phase
The Tectum TPS test final phase lasted well over one hour, with the team conducting over 50 million transactions. Unlike the first stage of the trial, where only Tectum Emission Tokens were transferred, Tectum decided to transfer thousands of SoftNote transactions.
The team also explained why SoftNote is used for transactions instead of simply transferring TET. According to Tectum, SoftNote is a more general medium of transfer and can even be used to send and receive fiat currencies and crypto.
Therefore, it made more sense to use a more general form of transfer, especially since it has the fundamentals necessary to underpin all currency transactions. 8 Nodes were set up to run these transactions to demonstrate the network's optimal ability. This will also outline the master nodes, elect nodes, and other technical information.
At the end of the trial, here are the results of the Tectum TPS test:
- Total number of transactions completed: 51,367,124
- Time taken to complete these transactions: 14.66 seconds
- Transaction per second speed: 3,502,702
- Live Stream https://youtube.com/live/RZNxpaESVKY
By completing the final phase of this trial, Tectum broke its own record of 1.3 million transactions per second and set a new record of 3.5 million transactions per second.
This is a monumental achievement, as no blockchain has been able to reach this speed. Notably, the data architecture of this blockchain also handled the high volume of transactions without any glitches. There have been several instances of blockchain networks crashing due to high traffic in the past, as well as recently.
However, Tectum, the fastest layer 1 blockchain, was able to set a new record while running this test. More significantly, almost all the nodes processed no less than 500,000 transactions, with the third node averaging well over 300,000 transactions at once.
About Tectum
Tectum is the fastest layer-1 blockchain, with a speed of 1.3 million transactions per second. It uses proof of utility consensus to process transactions through trusted nodes. Unlike most web3 networks, this blockchain processes transactions in layers, ensuring that there are no traffic congestions or delayed transactions. In addition, Tectum also utilizes zero-knowledge proofs to maintain the privacy of transactions on its network.
This blockchain is developed by Crispmind- an intellectual property and software development firm with decades of experience developing cost-effective and customer-centric solutions. For several years, the company has leveraged the experience and expertise of the best developers to create ground-breaking products and services.
This ranges from secure messaging and user authentication to blockchain, distributed ledgers, and cryptocurrency. Crispmind's innovative approach has led to clients, including private companies and governmental institutions. Regardless of the project, the company's principle has always been to "create simple solutions for complex problems."
Some of Crispmind's projects include:
- Tectum is the fastest layer 1 blockchain in the world, with a proof-of-utility consensus protocol and zero-knowledge proof system.
- Tectum Wallet - a comprehensive blockchain wallet that is simple to use and enables people to manage their digital assets in one place.
- SoftNote Bills - crypto cash that makes Bitcoin more spendable.
- X-Factor Authenticator - a quantum-proof three-factor authentication protocol that utilizes a human-machine security algorithm to ensure maximum security.
Social Links
Facebook: https://www.facebook.com/Tectum.io/
Twitter: https://twitter.com/tectumsocial
Telegram: https://t.me/tectumglobal
Website: https://tectum.io/
YouTube: https://youtube.com/live/RZNxpaESVKY
SOURCE: Crispmind
Media details:
Company Name: Crispmind
Person Contact Name: Andrew Erikashvili, CMO
Website URL: https://www.softnote.com
Webmail: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/201642
Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.
