what is?
ThunderCore (TT) is a high-performance smart contract platform that enables the execution of decentralized applications (Dapps) and Decentralized Finance (DeFi). Thundercore claims to have minimal costs and to be compatible with any program developed on the popular Ethereum Platform. The fundamental currency on Thundercore Network is TT, which is utilized for value transfers and platform-related gas costs.
Thundercore tries to solve scalability by allowing for confirmations in less than one second. Many blockchain projects have been working on scaling and increasing network performance over the last few years. Scaling blockchains looked almost impossible until recently, with large projects like Ethereum struggling to do it. ThunderCore appears to have broken the code and may be on pace to outperform heavyweights like Ethereum in terms of platform scaling.
What is ThunderCore's objective?
ThunderCore is designed to be a high-performance dApp-enabled blockchain. Compatibility, safety and speed guarantees relatively cheap transaction charges (low gas charges).
Transactions on the blockchain are now extremely sluggish. This is a phrase invented by Vitalik Buterin, creator of Ethereum, due of the "Blockchain Trilemma." A blockchain, according to the “Blockchain Trilemma,” has three key characteristics: decentralization, scalability, and security. However, according to the blockchain trilemma, it is extremely difficult for a project to have all three qualities in good working order. A decentralized network with strict security would not be scalable. Similarly, a decentralized and scalable blockchain will have minimal security, etc.
Buterin argues that a blockchain network can only accomplish two of the three characteristics at any given moment. The blockchain trilemma might be the cause of most bitcoin blockchain scalability difficulties.
What is ThunderCore's approach to resolving the Blockchain Trilemma?
Many projects have tried and failed to maintain a focus on decentralization and security while also adding scalability. ThunderCore, on the other hand, makes an attempt to do so in a novel method. They do this by establishing a Fast Path and a Slow Path. The Fast Path is intended for favorable situations. The Slow Path, on the other hand, is for the worst-case scenario.
What is the difference between the Fast and Slow Paths?
The Fast Path functions similarly to a highway, allowing for fast network confirmations. If something goes wrong on the Fast Path, ThunderCore users can switch to the Slow Path. The Slow Path resembles a network of secondary roads. It won't be quick, but it will be dependable.
ThunderCore allows quick and easy validation for the Fast Path in two ways. The "Committee," which is carried out by a stakeholder committee. In addition, the "Accelerator" is used to linearize transactions and data.
ThunderCore employs Ethereum as the Slow Path since it is one of the most stable networks in the business. When the network condition is poor or there is an assault, the slow way will take control. It also serves as a check to see if the Accelerator is operational.
How do I access the ThunderCore Mainnet?
You can connect to Thundercore directly by altering the RPC settings in Metamask or the server in MyEtherWallet.
- Install MetaMask: The MetaMask browser extension can be installed on your browser. Make an account.
2)Obtain ThunderToken (TT): Tokens can be obtained with the Metamask browser extension. Select "custom RPC" from the drop down menu. Navigate to the “new network section” and select the “advanced option.”
/Mainnet RPC URL: https://mainnet-rpc.thundercore.com
/Chain ID: 108
/Symbol: TT
3)The TT symbol will appear on your Metamask.
ThunderCore's Advantages and Disadvantages
Advantages
-ThunderCore works with the Ethereum network.
-When compared to Ethereum, the network has a faster transaction speed.
-This network supports the deployment of ERC20 smart contracts.
-The team is working on new features that will enable dApp interaction without the need of gas.
-ThunderCore enables users and developers to use current tools such as Metamask and Truffle, among others; and developers can use common programming languages (e.g. Solidity) to carry out smart contracts on the network.
Disadvantages
-On this network, there is currently only one "Accelerator." This raises concerns about how much power will be concentrated.