Ternoa company info

What does Ternoa do?
Ternoa (CRYPTO:CAPS) is a next-generation blockchain platform that is designed to be scalable, secure, and easy to use. It is built on a new consensus mechanism called Proof-of-Stake with Verifiable Random Functions (VDFs). This consensus mechanism is designed to be more secure and energy-efficient than traditional Proof-of-Work consensus mechanisms. Ternoa operates using a decentralized network of validators. These validators are responsible for processing transactions and securing the network. CAPS holders can stake their tokens to become validators and earn rewards for participating in the consensus mechanism. The main objective of Ternoa is to create a scalable, secure, and easy-to-use blockchain platform that can support the development and deployment of a wide range of decentralized applications (dApps).
Ternoa company media
Company Snapshot

How many people does Ternoa employ?

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Employees
20-50

What is the market cap for Ternoa?

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Market Cap
$20.21M

Where is the head office for Ternoa?

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Head Office
Dubai, United Arab Emirates

What year was Ternoa founded?

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Year Founded
2017
What does Ternoa specialise in?
/Collectibles & NFTs /Ethereum Ecosystem

What are the products and/or services of Ternoa?

Overview of Ternoa offerings
Metaverse support: Ternoa is designed to support the metaverse, which is a virtual world that is powered by blockchain technology.
NFTs: Ternoa supports non-fungible tokens (NFTs), which are digital assets that can be used to represent ownership of unique items.
Smart contracts: Ternoa supports smart contracts, which are self-executing contracts that can be used to create a variety of dApps.
Staking: CAPS holders can stake their tokens to become validators and earn rewards for participating in the consensus mechanism.
Transaction processing: CAPS is used to pay for transaction fees on the Ternoa network.