Buy Tectum (TET)
What is Tectum?
Tectum, symbolised by TET, is a distributed ledger protocol (DLT) platform designed to be the world’s fastest blockchain. It utilises a proprietary record change signature management algorithm to achieve unparalleled transaction speeds, processing over 1 million transactions per second. Tectum aims to provide an efficient, high-speed blockchain solution for the digital financial environment, addressing the limitations of traditional blockchains in scalability and efficiency.
How does Tectum work?
Tectum operates on its own blockchain platform built on distributed ledger technology (DLT). Key components include:
- Consensus Mechanism: Proprietary Proof-of-Utility (PoU) system for enhanced speed and efficiency.
- Transaction Handling: Off-chain processing for reduced costs and congestion.
- SoftNote Technology: Enables instant, fee-less transactions through value-transporting smart contracts.
- Overlay Network: Supports other blockchain systems like Bitcoin without congestion or high fees.
This architecture allows Tectum to process high transaction volumes efficiently while integrating with other blockchain systems.
What are the potential use cases for Tectum?
Tectum is suited for applications such as cross-border payments, supply chain management, retail transactions, and digital currency transfers. It is applied across industries like finance, retail, and healthcare, with key partnerships including Travala, Ordiswap Labs, and Unstoppable Domains.
What is the history of Tectum?
Tectum was developed by Crispmind, a Chicago-based software firm, and launched in 2018 on the Ethereum platform before transitioning to its own blockchain. Key milestones include:
- 2018: Project launch.
- Technological Advancements: Development of SoftNote and Proof-of-Utility mechanisms.
- Speed Breakthrough: Achieving over 1 million transactions per second.
- Expansion: Launch of the Tectum Wallet and real-world partnerships.
Tectum is recognised for its innovative, high-speed blockchain solutions, with a growing ecosystem focusing on practical adoption.
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Frequently Asked Questions (FAQs)
What is the current price of Tectum (TET)?
The Tectum price is $9.6154 AUD, representing a -5.94% from the day prior.
Where is the best place to buy Tectum (TET) in Australia?
The best place to buy Tectum (TET) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Tectum (TET) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Tectum (TET)?
The trading volume of Tectum (TET) is $951.5K AUD in the last 24hrs, representing a -5.94% from the day prior.
How can I buy Tectum (TET)?
Tectum (TET) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Tectum (TET)?
The current market cap of Tectum (TET) is $74.3M AUD.
Can I convert Tectum (TET) to cash?
Yes - With Coinstash you can convert your Tectum (TET) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Tectum (TET) are there?
The current circulating supply of Tectum (TET) is 7.8M.
Is Coinstash a safe place to buy Tectum (TET) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tectum (TET) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.