Dear Friends,
We are excited to announce that we have successfully launched Tkeycoin network in increased workload conditions. As in the less loaded tests, we have found no issues with the system and kYprotocol has flawlessly done its job. For the numbers, we have managed to achieve the following amazing results:
Tkeycoin today is:
▶ 760 transactions per second
▶ 456000 transactions per minute
▶ 2736000 transactions per hour
▶ Block approval only took 2,3 seconds
Tkeycoin network is already 152 times faster than the global Bitcoin network (!!!)
These results can be considered as a huge success since VISA that only theoretically can speed up to 50 000 - 56 000 transactions, operates nearly 3000 operations in practice. This speed is enough to cover the needs of more than $2 bln people all over the globe and cope with the 4,8 trillion trade.
In comparison, Yandex.kassa which is well-known among Europe users can operate nearly 600 transactions per second. It is quite enough for the system that is becoming popular all over the world day by day. PayPal can manage only 193 operations per second, Ethereum, theoretically - 1000, practically - 20. Bitcoin operates only 4-7 TPS.
Tkeycoin network even at the earliest stages can operate more than 760 operations and even at this stage outruns most world's leading cryptocurrencies by tenfold. And, compared to Ripple which is also quite fast, Tkeycoin is fully decentralized. As it is well-known, carrying capacity of the network and speed are directly connected. The more decentralized system is, the higher capacity it has.
How have we managed to reach these outstanding results early at this stage? It is all about kYprotocol which is a multi-blockchain architecture with a flexible updates system. And what is also important, it's 100% decentralized and quant-stable.
Module realization of kYprotocol allows it to reach transactions speed N+∞ depending on the network loading. The higher workload - the more significant speed. P2P-network provides the system with the users' power, kYprotocol architecture properly spread it. This cooperation allows Tkeycoin network to adjust to the workload and demonstrate optimal performance concerning capacity.
*If you do not have proper information about P2P-network, transactions speeds, and other related terms, you can find all of it and more in our previous publications on Facebook or Instagram.
We continue our optimization and network improvement stuff to get even better numbers with the official release. There is not much time left before the launch, please, hold on.
Besides, as we promised, we will show up a web-wallet interface at the end of this month. Follow our updates, and learn the latest news among the first.
Dear friends,
Monday is here again, and we are happy to cheer you up with some details about the upcoming Tkeycoin wallet functions.
First, our web-wallet will support several currencies. You will be able to securely store and manage your assets, both crypto & fiat ones, without having to switch to another service. At the moment of the release the wallet is planned to support 4 cryptocurrencies - Tkeycoin, Bitcoin, Ethereum and Litecoin. However, we are currently working at future updates, and several months later more cryptocurrencies will be added to this list.
We should also mention other important advantages of our upcoming wallet. One of them is increased transactions processing speed and high security level. Due to the improved network capacity you will be able to make both domestic and international payments in a matter of seconds. No worries about your funds security - we made sure they are safe.
Apart from 2-factor authentication, payment passwords, secret phrases and other security tools available today, our plans include adding cold storage support and some other security features.
Naturally, the list of updates and improvements will be getting longer with time. The fast transaction speed and impeccable account protection are great, but usability is equally important, too. That is why, along with all the basic wallet tools, all Tkeycoin platform users will be able to pay for their online and offline purchases and services. Moreover, we are working at integrating the feature that will allow you to pay for housing and communal services, fines, state fees and so on. Even more tools will be added later.
Sure, the Tkeycoin wallets versions for iOS and Android are to be released, too. They will feature an intuitive interface (preliminary screenshots are available here https://is.gd/1qxwff). Due to the up-to-date NFC-microchips and such systems as Google Pay and Apple Pay, you will be able to use your Tkeycoin wallet the same way you use your credit card - for payments in any shopping mall of you city.
Besides, Tkeycoin mobile apps will give you access to the classical set of banking tools - transaction history, expenditure statistics, account balance, payment for mobile phone, internet services and so on. As in the case of the web-wallet, new tools will be added on a regular basis, with every update.
In conclusion, we would like to remind you that we, as the Tkeycoin development team, and you, as the project’s loyal investors, are about to become a part of a global project aimed at being something way more important and useful that just a speculation tool for crypto traders. We are developing a line of products that are sure to change lives of hundreds of millions of people for the better - all over the world.
We ask all the investors to be patient. Our team is working 24/7, and soon you will be able to see and enjoy the results of this work.
PS. Soon, we plan to offer you some videos to get you acquainted with our products interface features. Follow our updates!
Our miningThere've been some significant updates recently, and our team believes everything we've made just has to be clear for every single user. Thus, meet our new article concerning new mining. Let's start!
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Functionality and security⠀
Tkeycoin mining is based on the mPoW algorithm. This is a module type of Proof-of-Work that is far more reliable than classical PoW, as well more secure against the double spending, egoistic mining and DDoS attacks. It's just safer to mine in such a network.
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If considering technical components closely, our new protocol architecture and few more impressive solutions we've made won't allow anyone to carry out double spending attacks in our network. You can find detailed information in the eighth paragraph of the project White Paper.
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Mining threshold and its end⠀
You've been following the project feed for months? You surely know that there's been a 3000 TCD mining threshold then. The last updates though have set it aside, and here is why we've made it.
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Firstly, this will allow millions of people around the globe mine Tkeycoin. Almost everyone now can do it. All you need is a functioning notebook or PC and some amount of TCD in your wallet. You don't have to freeze $3000 now to mine Tkeycoin, and with that decision, we're bringing millions of new users to our network
'I've bought a lot previously, instead, after the update I could buy just 100 TCD and mine...'
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In this context, we should stress that you've bought not mining access but fully functional payment units. Thanks to the more significant sum, you will get not only allowance to mine but more coins as well. You will be able to use them to transfer your funds across the world or make purchases in your favorite stores, without every worrying about blocks, limits, and sanctions. And don't forget about rates growth. In other words, having more TCD now is profitable and useful both in short range and long range prospect.
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Besides, the decision to cancel the threshold will have a global positive effect on the project as well. We've had consultations with the leading specialists all over the world, studied hundreds of papers on this subject, carried out our own researches, and made the best decision for this particular situation. As our studies suggest, stagnation and freezing are the worst things that economic systems like Tkeycoin can face.
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The system we are developing should primarily be as much active and alive as possible. All Tkeycoin network participants need more miners, more transactions, and more active users per se. That is the point for our team to cancel the threshold, that is why it is beneficial for every single investor no matter the amount of TCD he or she has.
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Trust us; our specialists know what they are doing and what is the purpose. The updated mining requirements will bring a long list of positive things in the later stages.
Equipment and award⠀
As we've mentioned before, there is no need for special equipment if you want to mine Tkeycoin. You can use your regular home PC or notebook, or your office PC, even though it may have not the best hardware in the world. However, it should also be clear that the mining speed will differ anyway if compare special mining equipment and a random 2000s PC. Still, everyone will have a chance to mine some more Tkeycoin with almost any computer available. That is just amazing.
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As for the miners' awards, at the moment we can't really tell you every single detail and technical solution about it. The award for every single block will be equal to about 75 TCD, and the compensation will be sent to the miners once every 7 minutes. Please note that the calculations are preliminary, and we are still working to make the mining solutions even better and more efficient.
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Conclusion⠀
That is the point for us to draw a line today. This article is intended to give everyone brief information about the future world of Tkeycoin mining. If you are looking for a hardcore, or, perhaps, for dozens of calculations and thousands of words, you are welcome to have a closer look at our White Paper.
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More details on technical solutions to come soon. Follow our updates, pull down your feeds - amazing things to come!
Dear friends,
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The release of our product is expected soon, meaning that it’s high time to talk about one of the most important Tkeycoin components - the wallet.
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As you probably know, we have developed several different methods of storing Tkeycoin cryptocurrency. We refer to Windows, Mac and Linux software, Android and iOS apps, hot wallet and cold wallet (to be released later). Here we plan to tell you about our future products in detail, explaining their advantages and disadvantages. We will also give you approximate release dates and offer expert tips on the subjects.
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As we have already informed you, our team is getting prepared for the real time test of the network before the release. The Tkeycoin platform is about to be decentralized. It means that your crypto funds will finally become your own and nobody else's, and you will be free to manage them in a way you like, without any interference.
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It is cool to be independent and free to decide, but freedom has its cost. The Tkeycoin network will feature maximum security level, and you will be fully responsible for your funds. You have deleted the secret phrase screenshot by accident? Forgot your login? In a decentralized network it means a farewell to funds.
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The technologies we develop will give you an opportunity to send your money freely to any country in the world, buy any goods or services and store big amounts of money in an anonymous and safe way. It is not unlike opening your own bank (remember our motto), but it also means that you will be the only record keeper of your private info. We will not have your secret phrases or passwords. We won’t be able to restore them even if you send us your passport scan, selfie, or whatever.
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Please remember it is very important to backup all the private data necessary to get access to your wallet. It is recommended to have them written on a piece of paper (don’t forget to find a safe place for it) and keep a digital copy on an offline storage device. It is better to have several backups, both paper and digital. This approach guarantees that your data is 100% safe.
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We will talk about each wallet in detail. Follow our updates!