An Introduction to Techpay Coin and How it Works

Today, we will talk about the fastest blockchain in the world Techpay coin.

Although layer 1 and layer 2 blockchains have a lot of problems with scalability, Bitcoin transaction costs soared. The transaction fee was so much.

We’ve all heard of Ethereum, right? Even though it is a powerful blockchain, its transactions are expensive and slow. So creators of NFTs experienced many problems on the Ethereum network.

If you’re involved in crypto, you’ve probably heard of Solana. Solana’s blockchain has been the fastest in the industry since its start. This is the reason why Solana was one of the fastest coins in the industry to enter the top 10 largest cryptocurrencies. Even, Solana was also named an Ethereum killer.

But in this article, I am going to talk about a project which has already got the tag of Ethereum and Solana killer. Here I am talking about TechPay.

what is Techpay coin?

Techpay Coin is a cryptocurrency that uses blockchain technology to create a secure and transparent way of making payments. Techpay Coin is the first cryptocurrency that has been designed specifically for use in the global trade industry. It was designed with the goal of solving major issues in the industry such as high transaction fees, long settlement times, and lack of transparency.

Techpay coin also has its blockchain as Techpay chain. It is a made-in-India project and is also the world’s fastest blockchain.

Comparison of Techpay coin

If we compare it with Bitcoin, Ethereum, and also the fastest blockchain Solana

  • Techpay is 43000 times faster than Bitcoin
  • Techpay is 20000 times faster than Ethereum
  • Techpay is also 4.5 times faster than Solana

The transaction fee for 1 transaction in Techpay is only $0.0000021 which is almost free.

So, TechPayCoin is an exciting new blockchain project. It has its chain called TechPayChain.
A plethora of functions can be done out on this chain, such as creating non-fungible tokens(NFTs), integrating decentralized apps(DAPPs), and creating smart contracts.

Read more about NFTs

Uses of Techpay coin

The use of TechPay Coin is in decentralized finance networks(Defi)and Web 3. It will be used in those platforms to conduct and execute NFTs trades. Metaverse is one example.

With so many companies making their metaverses, we can see the mainstream crypto industry improving by the day. Millions of crypto enthusiasts around the world are waiting for these metaverses to be accessible.

Now the biggest issue with NFTs is gas fees, which are getting very expensive. If you want to buy, sell, or trade any NFT, you’ll have to pay high gas fees. It also takes a long time.
To solve this problem, TechPayCoin has been introduced. The platform will make transactions easier, faster, and cheaper for both buyers and sellers.

Transacions Speed of Techpay coin

CRYPTOCURRENCIESTRANSACTIONS PER SECOND (TPS)TRANSACTIONS FINALITY (TF)
TECHPAY COIN3000001.15 SEC
SOLANA650006-7 SEC
ETHEREUM156-10 MIN
BITCOIN730-60 MIN

If we talk about speed, bitcoin passes 7 blocks every second and thus takes around 60 minutes to pass the final block. This means that it takes around 30 to 60 minutes to complete a single transaction.

Whereas Ethereum can process 15 transactions in 1 second and take 6 to 10 minutes to complete an entire transaction which is more than double of bitcoin.

Solana has been a very exciting project and is without a doubt one of the fastest blockchains that exist. Recently, it reached 65,000 transactions per second (TPS), an incredibly fast speed. It takes only 6 to 7 seconds for the Solana blockchain to complete a transaction.

But now if you look at Techpay, Solana has been left far behind, Techpay is now completing 300k transactions in 1 second, which is far faster than Solana. This means the time taken to complete a final transaction is only 1.15 seconds.

Now it is a big deal in the blockchain space that most transactions are happening in 1 second, taking the least time, and the lowest fees are being charged.

How TechPay is achieving everything.

Techpay has used a technology called pBFT and DAG
Now, pBFT (Practical Byzantine Fault Tolerance) ensures that there will be 10 times more security on this whole blockchain.
While DAG (Directed Acyclic Graph) makes it even faster, if we talk in terms of blockchain it makes it scalable.

Techpay is working on listing its decentralized exchange. The platform will make it easy for customers to bridge across multiple chains, such as Binance and Tron.

So if you want to see Blockchain, NFT, Web3 world up close then this project is very interesting.

How to buy Techpay coin

Techpay coin (TCP) is a native token of the Techpay chain. TCP token is already listed on LBank you can easily buy TCP token on LBank.

About LBank Exchange

LBank Exchange provides a global trading platform for various cryptocurrencies. After three years of development, LBank Exchange has over 6.4 million users from more than 210 regions around the world. LBank Exchange is one of the most popular and trusted cryptocurrency exchanges with a safe crypto trading environment and specialized financial derivatives.

Click here to start trading on LBank

FEQUENTLY ASKED QUESTIONS

Is Techpay coin is legit to invest?

Yes

How do I purchase a Techpay coin?

From LBank

What makes Techpay coin unique compared to other crypto projects?

It is the Fastest, Cheaper and scalable

Where is Techpay coin based?

India

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