I would have liked to boast that I discovered Blockchain technology and I was one of it's very early users but that would be a lie, I discovered the existence of blockchain technology sometime in 2015 and I immediately knew that I have stumbled on a Goldmine and that Blockchain was going to be the future. One of the first innovations brought by the Blockchain is Bitcoin.
Before the invention of blockchain technology, finance itself was heavily centralised, for example, you cannot send funds from one country to another without using centralised institutions like banks, most times these banks need your physical presence before the transactions are executed, this leads to time wastage and frustration because your have to leave your other activities and focus on that.
Then came the Magical Bitcoin, which made it possible to make truly peer-to-peer transactions across the world no matter the location, no matter the currency, no matter the language, Bitcoin can be transacted from the comforts of your home and the best part is that because of the decentralisation of the Blockchain, you can track the transaction until it's final destination. Sounds too good to be true right? Well, it had some downside and we are about to look at them now and after the problems are outlined, inwojld tell you about the solution I discovered and the picture below is a hint.
THE PROBLEMS
The year 2017 is jokingly referred to as the year of Cryptocurrencies because that is when Blockchain users spiked so much that we started seeing the problems which were previously not an issue, infact in December 2017, the CoinMarketCap of all Cryptocurrencies hit an All Time High(ATH) of almost One Trillion US Dollars. The sudden spike in users exposed the vulnerabilities and some of them are Scalability and Speed of Transactions.
The Bitcoin Blockchain was made to handle 7TPS(Transactions Per Second) and the Ethereum Blockchain was built to handle 15TPS, and in that time period, Users in the Bitcoin Blockchain alone were making way more than 7TPS and this caused a terrible backlog in the Blockchain which lead to longer transaction confirmation time and higher transaction fees, users were having to pay as high as $25 as transaction fee and some had to wait for days before their transactions were confirmed.
This has made integration of Cryptocurrencies in the real world almost because existing Blockchains would not be able to handle the number of transactions not guarantee a frictionless blockchain experience, this problem is what made the TEDCHAIN Project's team to introduce a revolutionary solution called TEDCHAIN
INTRODUCING TEDCHAIN
TEDCHAIN decentralized gaming ecosystem and game development. TEDCHAIN offers high-speed network where community can play games and its blockchain platform offers gamers, advertisers and content providers with varieties of service.
According to its developers, TEDCHAIN is a “decentralized and cross platform cryptocurrency dedicated to enhancing the gaming experience on the blockchain for all users”. TEDCHAIN allows gamers and users play games on its platform and reward them with the TED token for doing so.
PROSPECTS
TEDCHAIN’s decentralized gaming platform (the blockchain) allows its users play games on the TEDCHAIN ecosystem and earn the TED token in return. In addition, the earned tokens can be sold by the user.
TEDCHAIN develops games on its own and also allows users do so. TEDCHAIN has interoperable crypto-items and this is a good step towards growing its ecosystem as the TED token can be sold and used even outside the TEDCHAIN ecosystem.
TECHNOLOGY
TEDCHAIN is a distributed ledger technology and offers a secure and scalable game and digital asset management. TEDCHAIN’s technology features the following:
• TED P2P NETWORK: TEDCHAIN features a game-optimized blockchain on the peer-to-peer network. TED’s P2P mesh network gives it utmost control over the coin mining algorithm and smart contract features of its blockchain. The adoption of a P2P network was because TEDCHAIN identified the possibility of a network split. The P2P network also facilitates the gaming aspect of the TEDCHAIN ecosystem.
• Consensus Protocol: TEDlab developed a novel consensus protocol using the Proof-of-Stake and Proof-of-Authority protocols. It uses the PoS consensus system to reward long-term participants in the TEDCHAIN ecosystem. The issued rewards are calculated by the number of coins at the disposal of a user and the longevity of such coins.
• In-platform Utility Token: this technology allows game developers the license to tokenize their in-game assets such as inventory items and tournament awards. Gamers can also exchange tokenized in-game assets for tradable assets. For game publishers, this technology allow them sell their tokenized assets to gamers.
Other components of the TEDCHAIN distributed ledger technology are the TED blockchain and the Securely Communicate feature.
ECOSYSTEM
TEDCHAIN has a decentralized ecosystem which allows gamers to play games in return for a TED tokenized reward. The ecosystem also allows publishers, developers and advertisers into the gaming community. The TEDCHAIN ecosystem has these amazing features:
• TEDCHAIN Reward and Immutable Voting System
• Game Publishing
• TEDCHAIN Mobile App Store
• TEDCHAIN Gaming and Community Portal
TOKEN & TOKENSALE DETAILS
Ticker: TED
Price: 1 TED = $0.01
Total Supply: 700,000,000 TED
Soft Cap: $3,500,000
Hard Cap: $21,500,000
I will jump at the chance to state, now, that the thoughts introduced in this article is only a rundown of the colossal potential outcomes that the TEDCHAIN venture holds and offers to corporate elements and even individual clients. I, consequently, firmly prescribe everybody to peruse the TEDCHAIN whitepaper for a superior handle of this tremendous wander. The following are some other valuable connects to enable you to stay up to date with the TEDCHAIN venture.
USEFUL LINKS
Website: http://tedchain.network/
Whitepaper: https://drive.google.com/file/d/1bP2SPF4-s1PcPkJWzfc4cRNGfVQnOhMf/view
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4471369
Twitter: https://twitter.com/tedmorning
Telegram: https://t.me/tedmorning
Author Information:
Bitcointalk Username: seblbj
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2022050;sa=summary