TechPay is offering the world’s first blockchain with real-time transactions in NFT world
- TechPay Coin’s Blockchain Features 300,000 TPS (Transactions per Second) Along with mere 15 Second Time-To-Finality/Transaction Finality, Making it the Fastest Blockchain ever to exist.
- Block Interval of 1-Second
- TechPay Coin’s Performance proved to be 4.5 times faster than Solana.
- TechPay Coin listed on LBank Exchange on 11th March 2022
Fastest Blockchain
Transactions carried on Blockchains were never deemed Instant and viable enough for practical use until TechPay Coin fabricated the most performant yet efficient blockchain.With Transactions Confirming & Achieving Finality in a mere 1.15 Second Window, TechPay Coin also features “Absolute Finality.”Although other Layer 1 Chains might fail or reverse a transaction due to problematic behavior, that’s not the case with TechPay.Moreover, TechPay Coin Generated 500,000+ Blocks Validating 2.5 Million + Transactions without a single transaction failure or reversal.TechPay Team also plans to implement sharing to multiply TPS Capabilities & Achieve Sub-Second Transaction Finality this year.
Utility
TechPay Chain is EVM-Compatible. Thusly conveying the ability to make Smart Contracts, dApps and NFTs on it, Further filling the Defi and Web 3.0 Space.The requirement for a performant blockchain that could deal with the demanding requests of the NFT space would be met by TechPay’s progressive innovation in due time.TechPay will include dApps and Smart Contracts that will not be Congested and could scale-manufacturing decentralized networks for Web 3.0.Projects conveyed on TechPay’s Network will offer Stability, Scalability, and Brief Efficiency.
Transaction Fees
While Transaction Fees charges on some other Layer-1 Blockchains are soaring, TechPay Chain requires just a tiny part of that add-up to work. Just 0.0000021$ was utilized in the latest Blockchain trade. TechPay Coin effectively kills the need to incentivize validators because it can efficiently handle millions of customers by enabling unparalleled performance levels.
Blockchain Trilemma
TechPay Cryptocurrency settles the blockchain trilemma, which expresses that a blockchain can’t have everything: decentralization, Security, and Scalability; it has to surrender one trademark to work. TechPay Coin incorporated these attributes to the most significant degree: Even as the quantity of transactions between each shard is raised, the danger of Blockchain centralization is diminished. Energy Utilization is radically diminished in light of the fact that hashing power isn’t expected to enter the following block.
Comparison of TechPay with others
The TechPay Coin has the fastest transaction and transaction finality, as seen in the comparison table.
| Cryptocurrencies names | Transactions per second (TPS) | Transaction finality (TF) |
| TechPay coin | 300,000 TPS | 1.2 seconds |
| Bitcoin | 7 TPS | 30-60 minutes |
| Ethereum | 15 TPS | 2-6 minutes |
| Solana | 65,000 TPS | 7 seconds |
Social Handles :
Telegram – https://t.me/TechPayAnnTwitter – https://twitter.com/TechPay_Chain
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FAQs
TechPay developed Sirius protocol which makes TechPay fastest blockchain. Sirus is the combination of the (Acyclic Directed Graph) DAG and the pBFT(Practical Byzantine Fault-Tolerant) consensus which makes possible for transaction to be process and sign in a secure manner with lightning fast speed.
What is the world's first blockchain? ›
A blockchain was created by a person (or group of people) using the name (or pseudonym) Satoshi Nakamoto in 2008 to serve as the public distributed ledger for bitcoin cryptocurrency transactions, based on previous work by Stuart Haber, W. Scott Stornetta, and Dave Bayer.
What is the fastest blockchain right now? ›
What Are the Fastest Blockchains? What Is the Fastest Cryptocurrency?
| Cryptocurrency | Transactions Per Second (TPS) | Transaction Finality |
|---|
| Cardano (ADA) | 250 | 20 minutes |
| Ravencoin (RVN) | 116 | 100 minutes |
| Polygon*** (MATIC) | 7,000 | 15 minutes |
| Ontology (ONT) | 5,000 | 10 minutes |
12 more rowsDec 15, 2022
The team is also planning to launch the world's first crypto blockchain with banking solutions by 2026, which would push Metgain in the top slot. As the world moves towards global digitalization, the Metgain Token offers a secure and reliable way to access the benefits of a digital economy.
What is the fastest blockchain node? ›
Additionally, we compared the response times of various blockchain node providers using an ideal model to measure the fastest provider for Ethereum and other EVM-based blockchains (Polygon and BNB Smart Chain). Finally, we concluded that QuickNode is the quickest and most stable blockchain node provider.
What is faster than blockchain? ›
Hashgraph has several advantages over blockchain, including faster transaction speeds, higher throughputs, and more advanced consensus algorithms.
Is Bitcoin the first use of blockchain? ›
Blockchain is the foundation of bitcoin. So, bitcoin runs on blockchain. Bitcoin is only the first use case of blockchain and it is the world's first cryptocurrency which appeared in January 2009, invented by mysterious and elusive person Satoshi Nakamoto.
Who is the first blockchain creator? ›
As part of the implementation, Nakamoto also devised the first blockchain database. Nakamoto was active in the development of bitcoin up until December 2010. There has been widespread speculation about Satoshi Nakamoto's true identity, with various people posited as the person or persons behind the name.
What was blockchain first real world application? ›
Most of the cryptocurrency market is shared between Bitcoin and Ethereum. Bitcoin (13) is accepted as the most widely used cryptocurrency (20, 22, 25) and was the first application that used blockchain as a technology. While Ethereum has quickly become the second largest digital currency in just over two years.
What are the top 5 blockchain? ›
Top 10 Blockchain Platforms
- Ethereum.
- SubQuery.
- Azure Blockchain Workbench.
- IBM Blockchain Platform.
- Kaleido.
- Platform 6.
- Corda.
- Hyperledger.
Ethereum
One of the best blockchain platforms, Ethereum, was released in 2013. It offers a blockchain that is as fully decentralized as the Bitcoin blockchain network. Ethereum is also completely decentralized and boasts complete support for smart contracts.
Is Bitgert the fastest blockchain? ›
But Bitgert has launched BRC20 blockchain with a throughput of 100k TPS. This is the fastest speed in the blockchain industry.
What is the first blockchain wallet? ›
The first wallet program, simply named Bitcoin, and sometimes referred to as the Satoshi client, was released in 2009 by Satoshi Nakamoto as open-source software. In version 0.5 the client moved from the wxWidgets user interface toolkit to Qt, and the whole bundle was referred to as Bitcoin-Qt.
What was the first layer 1 blockchain? ›
Bitcoin was the first L1 blockchain, although it was not called an “L1” at the time because it was the only layer. With the introduction of Ethereum came the establishment of blockchain as the technology powering smart contracts.
What is the first cryptocurrency exchange in the world? ›
The first cryptocurrency exchange was BitcoinMarket, which began operations on 17 March 2010. The site was founded by Bitcoin early adopter Dustin Dollar (USA), who proposed the idea on BitcoinTalk forum on 15 January 2010.
How fast is Solana transaction speed? ›
Solana and Polygon have been developed with high throughput and quick transaction speeds, making them appropriate for applications requiring inexpensive and quick transactions. Solana can process up to 65,000 transactions per second, whereas Ethereum can only handle approximately 30 transactions per second.
What is the slowest blockchain? ›
Ethereum Classic, a split version of Ethereum's blockchain is the slowest currency in the rating, with a 9,360 minutes transaction time.
What is the most efficient blockchain network? ›
Overall, Hyperledger Fabric encompasses the key characteristics of the most efficient blockchain technology, making it a reliable choice for enterprise-grade distributed ledger solutions.
