When Bitcoin (CRYPTO:BTC) was introduced in 2008, the vision was to create a digital currency free from the control of centralised entities or governments.
This vision was outlined in the paper "Bitcoin: A Peer-to-Peer Electronic Cash System," published by Satoshi Nakamoto.
However, Bitcoin has struggled with scalability, slow transaction times, and high fees, hindering its use for everyday transactions.
Tectum, developed by Crispmind Ltd., aims to solve these issues and make Bitcoin more spendable for retail payments globally.
Tectum's innovative solutions include the Tectum Blockchain and the SoftNote, which facilitate instant and fee-free transfers of various cryptocurrencies, including Bitcoin.
The Tectum Blockchain uses a proprietary record change signature management algorithm, allowing it to process over 3.5 million transactions per second.
This makes it the fastest layer-1 blockchain, significantly outpacing Solana’s speed benchmarks.
The blockchain’s design includes three levels of nodes, ensuring fast processing and high scalability without compromising security.
SoftNote is a transactionless payment system that offers zero fees and instant payments.
It uses SoftNote Bills, which can be issued using Bitcoin, Ethereum, or USDT as a store of value.
The system provides more anonymity than native Bitcoin transactions, as payments are not recorded on the Bitcoin network ledger.
SoftNote is also internet-independent, allowing for payments without an internet connection, as long as the recipient is connected to the Tectum network.
Tectum Emission Token ($TET) is the platform’s native cryptocurrency, used for paying transaction fees, governance, and staking rewards.
Tectum also features X-factor authentication (XFA) technology, providing impenetrable security through on-device encryption and quantum-proof login encryption.
To use SoftNote, users must create an account in the SoftNote Wallet.
They can then mint SoftNote Bills using $TET, provide liquidity by transferring Bitcoin to the SoftNote wallets, and circulate the bills for retail payments.
Retailers are charged a capped fee of 1% per transaction, with license holders earning commissions.
By addressing Bitcoin's scalability and usability issues, Tectum brings Satoshi’s vision closer to reality, enabling Bitcoin to function as a global cash system for everyday transactions.