TCN is an encrypted currency based on Bitcoin blockchain technology. This article will discuss how Tcoin TCN functions as another cryptocurrency; related products and services, asset details, and how Tcoin TCN can bring better benefits to participants.
What can you do with TcoinTCN?
Tcoin TCN is a safe and reliable encrypted coin, you can use it as most other cryptocurrencies for online transactions. It can also be traded on the trading platform, starting with Trade by Trade.
What are the characteristics of TcoinTCN?
Tcoin TCN has a limited number of tokens, 88.8 million, and the actual pre-mined value is 80% of 71.4 million tokens. The final amount will be distributed as follows:
30% (213.12 million tokens) of actual TBT customers (can immediately trade on TBT). The value will be released in three stages until the end of 2017;
30% (representing 21 312 000 tokens) to TBT (for marketing and new product development);
Provide 30% to TBT founders (representing 21,312,000 tokens);
Provide 10% (7 104 000 tokens) to TBT management.
The remaining 20% ​​(14 208 000) of the total tokens will be mined in the next few years.
TCoin TCN specifications
wallet
Web: https://wallet.tcoin.eu/
QT wallet for Mac OS and Windows
Android: Play Store
iOS: App Store under review
specification
TcoinTCN is an asset based on Bitcoin core. In this way, it has gained the attributes and advantages of the main Bitcoin Core 0.17 version.
Main project website: https://tcoin.eu
Supply: Coins
The total supply is 88 800 000
Abbreviation: TCN
Number of decimal places: 8
TCoin Masternode development
Bitcoin brings innovation to the road to business, but the experimental nature of the initial project did not anticipate the huge expansion of its adoption. In this way, there are bottlenecks and problems that need to be resolved.
In order to implement these improvements, our platform will be developed and be able to meet the technological demands brought about by the increasing demands of the world market.
These requirements range from the ability to handle large amounts of information flow and to improve security-related aspects.
Like Bitcoin and most other cryptocurrencies, TCOIN is based on a decentralized account of all transactions and is called a blockchain. This block chaining is guaranteed through a consensus mechanism; in terms of TCOIN and Bitcoin, the consensus mechanism is Proof of Work (PoW). Miners try to use specialized computers to solve problems. When they solve the problem, they have the right to add a new block to the blockchain. If everyone else running the software agrees that the problem is solved correctly, the block is added to the blockchain and the miner is rewarded.
TCOIN is a bit different from Bitcoin because it has a two-tier network. The second layer is supported by masternodes to achieve financial privacy, instant transactions, and a decentralized governance and budget system. Because this second layer is so important, when miners discover new blocks, masternodes are also rewarded. The breakdown is as follows: 45% of the points are awarded to miners, 45% enter masternodes, and 10% are reserved for the budget system (created by the super block every month).
The Masternode system is called Proof of Service (PoSe) because masternodes provide critical services to the network. In fact, the entire network is supervised by hostesses, who have the right to refuse miners to form incorrect plots. If a miner tries to take the whole block of points rewards or tries to run an old version of TCoin software, the masternode network will delete the block instead of being added to the blockchain.
In short, the power of miners is the first layer, which is the double blow of basic sending and receiving of funds and prevention. Masternodes power the second layer, which provides additional features that make TCoin different from other cryptocurrencies. Masternode is not mine, and mining computers cannot be used as masternodes. In addition, each masternode is protected by 1000 TCoin". These TCoins are always under the exclusive control of the owner and can still be consumed freely. Funds are not locked in any way. However, if the funds are moved or used up, the associated masternode will Go offline and stop receiving rewards.
The principle and mechanism of Masternodes
Masternode is a server connected to the network. Because the anonymous and instant transaction functions in TCOIN are called, the server guarantees a certain minimum performance and function level to perform certain tasks related to private senders and instant senders. A concept called Proof of Service is used to pay the female node for this service. This is in addition to the proof of work done by miners to secure the blockchain. Masternodes are also allowed to vote on governance and funding proposals, and each masternode receives one vote (yes/no/abstention) for every proposal submitted to the system.
Anyone can run a masternode. The goal is to have sufficient decentralization to ensure that no one person controls most of the masternode. However, in order to avoid unnecessary masternodes or to encourage network bloat by reckless operators, there is one condition that needs to be fulfilled: proof of possession of 1000 TCOIN. Coins do not need to be on the master node, but they need to be stored in a way that is transparent to the entire network. If the owner moves or spends these coins, breast milk stops working and stops paying.
Masternode is paid by the network for the private sender, instant sender and governance services they provide. 45% of the bonus points are paid to masternode, 45% are miners, and 10% are budgets. In practice, half of the reward for a normal block goes to the miner, and half goes to the masternode. Then, for every predetermined number of blocks (approximately X days), a super block containing the full 10% payment to the winner of the budget proposal is created. Randomly select Masternodes from a list and choose to pay from the list (approximately once every X minutes), once they reach the top 10% of the total number of masternodes, and move to the back of the list after payment. As more masternodes are created, the time interval between payments increases. Due to the selection algorithm, payment selection always has an aspect of randomness, but in the long run, all masternode owners should receive similar payments. If the collateral behind the master node has been used up, or if the master node stops providing services to the network for more than an hour, it is deleted from the list until normal services are restored. In this way, masternodes are incentivized to provide efficient and reliable services to the network.
Having so many servers holding complete copies of block chaining and coin work can be very useful. Due to the reward system and the risk of not having enough masternods, developers can rely on them to quickly deploy any new decentralized features they want to achieve. This is where the real advantage of TCoin lies-the incentive system of thousands of distributed servers with 24/7 service means that TCoin can expand and deploy services more efficiently than a blockchain run entirely by unpaid volunteers. The more TCoin networks, the better the chest muscles and the safer.
Each master node appears in the global list. Their position on this list depends on the time since the last payment based on the network, not the blockchain. New masternodes joining the network and masternodes accepting payments are placed at the end of the list. Active masternodes that are running and restarted with the rpc command "masternode start" or "masternode start-alias" are also placed at the end of the list. Use the new rpc command "masternode startmising" to avoid this. When the master node is moved to the end of the global list, the remaining master nodes slowly move to the top of the list. Once the masternode reaches the top 10% of the global ranking, it is eligible to choose from the selection pool.
The selection pool is among the top 10% of the world. Its size is determined by the total masternode count. For example, if there are 3700 active masternodes, the first 370 masternodes in the global list can be selected. Once in the selection pool, the payment selection is determined by the block hash entropy. The block hash before 100 blocks determines which parent block is selected for payment. Compare the double SHA256 of the fund transaction hash and index of all master nodes in the selection pool with the hash proof before 100 working hashes. The master node with the digital hash value closest to the block hash is selected for payment.
What is Trade by Trade?
Trade by Trade is a trading platform with a license in Vanuatu, and users have the function of effectively exchanging cryptocurrency.
We have seen people pay more attention to cryptocurrency and use it to buy and sell various products and services. We also understand that due to the unique characteristics of cryptocurrency, with its high volatility and reduced transaction costs, investors are switching from traditional markets to cryptocurrencies.
Traders are constantly looking for tools to help them trade more efficiently. The TradebyTrade concept satisfies their needs and needs, providing a user-friendly cryptocurrency exchange solution, and at the same time has advanced functions that allow users to fully manage their funds.
Transaction function
The cryptocurrency market is a relatively new market. Although it is novel, it works in many ways, just like other exchange markets, enabling customers with different levels of experience. We believe that the number of people trading cryptocurrency transactions will increase, so our platform ranges from basic trading modules such as trading modules to advanced functions such as exclusive "conditional buy" transactions.
The cryptocurrency market is a relatively new market. They have different trading platforms, suitable for different levels of products and services, from basic, intermediate or forward. We believe that the number of people who trade cryptocurrency transactions will increase, so our platform ranges from basic trading modules such as trading modules to advanced functions such as exclusive conditional buying of transactions.
The potential of Trade by Trade and Tcoin TCN
There are currently nearly one million customers in the world, and we expect to have 20 million wallets and 15% of the cryptocurrency exchange market share in the world market in the next four years.
Although these are our forecasts, we cannot guarantee that this growth will occur. The investment decision is made by the customer, and if the forecast does not go as planned, we cannot assume responsibility.
Trade by Trade Bank
Trade by Trade has submitted an application for a bank license in Vanuatu, allowing Trade by Trade to open a cryptocurrency bank. At present, trade and trade are preparing capital adequacy ratios to meet the ratio requirements. Trade by Trade Bank places its focus on an efficient payment and banking solution with debit and credit card facilities that allow Tcoin TCN holders to pay for services and products with significant discounts.
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