Terracoin Interactive Flipbook

Terracoin’s Next- Generation Features Unlike most of the blockchains that have been around since the beginning, Terracoin is still actively improving. Rather than falling behind, Terracoin has made a smooth transition into becoming a next-generation crypto. Therefore, the coin is one of the only cryp- tos that combine a long track record with today’s latest innovations in blockchain technology. FAST TRANSACTIONS: While we’ve just described the ways in which Terracoin has based their model off of Bitcoin, let’s get into some of the ways in which they’ve improved upon the first blockchain-based crypto-asset. One of Bitcoin’s major drawbacks is their lengthy transaction times, which can take anywhere from 10 minutes to several days. Meanwhile, Terracoin transaction times are significantly faster, averaging around 2 minutes for confirmation, with instant confirmations coming soon for point-of-sale transactions. LOW FEES: Aside from slow confirmations, Bitcoin also has hefty transactions fees, making it an inefficient crypto for global adoption. At one point in 2017, fees were clocked as high as $50 for a single transaction. On the other hand, transactions on the Terracoin blockchain are vir- tually free — at $1 per coin, the fee would be $0.0002 regardless of the amount sent.