TELECOIN
I have used the Blockchain technology and it is entirely trust worthy, ensure security, improved traceability of transactions, have more efficiency and fast. crypto currency is build to allow instant, secure, anonymous and peer-peer payments all over the world and helps to prevent corruption and other money laundering related activities.
Blockchain Technology is as community-oriented open source initiatives that allows each members of the decentralized network have free will over their decisions, unlike authority as in the case of centralized exchange where a governing body give rules and autorities. The working of a centralized exchange is in direct contradiction to the community driven ideas of the Blockchain Technology.
2019 marked 10years since introduction of Bitcoin—the first ever decentralized cryptocurrency and the first used case of Blockchain, was introduced. technically, Blockchain solved the decades-long double spending issues faced that had stopped cryptocurrencies from being created and deployed. Many people, doubted its potentials when it was initially lunched.
Its interesting to know that the basic features of cryptocurrency is that it can’t be controlled by any middlemen or authorities. block chain makes digital identity and record keeping better and so people can create an encrypted digital hub where they can store their personal digital information, being completely in control and giving or revoking access to it.
KNOWING ABOUT TELECOIN
As I perceived over the introduction of cryptocurrency there has been constant need to provide a long-term energy- efficient crypto-currency to the world. Telecoin has been developed to improve the security and privacy of transfers and transactions in a globalized fast paced world with greater digital risks.
The world delves further into the digital virtual reality, taking much we care about and that is personal into this space. Technologies and protocols need to be developed to protect the privacy and integrity of our data.
Hence Telecoin has been created to provide users freedom and fair platform governance, whilst giving a secure and private medium of transaction.
With a network that supports master node capabilities, Telecoin understands that for those who support and help to strengthen the network, a fair reward system should be implemented to give back to the projects community.
The aim is to create a network based on a fair and trust-less interactions, whilst rewarding those who help to maintain, grow and contribute towards the future development and growth of infrastructure.
With most networks providing a 50/50 split in the rewards a Masternode would provide, Telecoin issues a 60/40 spilt giving those the greatest return to the host of the node. We felt this a better means to show our intentions to those who act as pillars within the community and network.
TeleCoin is being released to the general public to strengthen and
diversify the community and build an even bigger base of decentralized spartans that believe in the project we have undertaken. In cryptocurrencies and blockchain, you are only as good as the community that supports your project.
We subscribe to this philosophy and feel it goes hand in hand with the sustenance and health of any blockchain network. In the spirit of transparency to the community all the BTC received for TeleCoin will be used for the following project activity: How much the TeleCoin project is looking to raise: $15,000,000.
Benefits of Telecoin :
•Limited Supply
•Low latency
•Open Source
•Community Based Infrastructure
•Decentralized
•Proof of Stake
•MasterNode
•Paired with the TeleCoin Trend Setter Platform (reward medium for users)
•Low Transaction Costs
•Anonymity (Obfuscation)
•Guaranteed Zero Confirmation Transactions (SwiftTX)
•Fast Transaction Speed
•Privacy No Personal or Sensitive Information Held by Third Parties
•Available to Any Person tirelessly crafted to deploy an easy to use wallet, that can be recognized as a secure vehicle for exchange and settlements between individuals or business without the need of third party verification.
Whilst delivering enhanced efficiency in consensus building and power usage.
Features of Telecoin.
SwiftTX –
Instant Transactions: SwiftX transactions are confirmed and spendable within seconds, guaranteed by the network of masternodes, with no need to wait for multiple confirmations in order to be confident in the validity of the transaction.
Masternodes -These are incentivized nodes that receive rewards based on their availability and their ability to offer network services in a decentralized and trust-less manner. Running a masternode requires 10,000 TeleCoin collateral for as long as you choose to run the masternode and allows the owner to vote on budget and development proposals. These nodes are the backbone of the present and future services offer on the TeleCoin network, and as such are rewarded at a slightly higher level as compared to just staking when the number of them is at a predetermined level defined in the seesaw mechanism.
Obfuscation –
Obfuscation is a way to make coins harder to trace through MasterNode mixing of TELE. If you send from A address to B address, you can follow the tx. When you activate obfuscation you tell a MN you want to create a kind of pool between other users looking to obfuscate their coins: that creates several output addresses and you just can't know if A tx goes to B or C or D. You can activate obfuscation but it's necessary for some MN to have activated obfuscation, and some wallets too.
Decentralized Blockchain Voting –
TeleCoin uses a decentralized blockchain voting system to establish consensus for future advancements and updates of the TeleCoin Masternode. The voting system is core to the decentralized governance of our network and plays a vital role in enforcing changes and improvements by the community through direct participation.
The telecoin IEO
Participants of the IEO will receive an equal amount of TELE (once the mainnet has been deployed) to that, that they purchase of TELEX during the IEO. Pre sale purchases will also automatically be issued an equal amount of TELE
website: https://www.telecoin.info/
white paper : https://www.telecoin.info/wp-content/uploads/2018/11/Telecoin_Whitepaper.pdf
bounty0x profile : sobaint1
eth address : 0xd1E7Ff1cf68b9935C7e1aF2a3936bB5e487B0FF6