In the evolving world of cryptocurrency, Tectum’s SoftNote stands out. Experts predict it as the next cryptocurrency to explode in 2023.
This digital cash system promises to change the crypto landscape with instant payments and zero fees.
The Creators: Crispmind
Crispmind, a cybersecurity company, is the force behind SoftNote. They have been working with blockchain technology since 2013. They have a rich history of creating blockchain products like XFA, the first 3-factor authentication, and Grigg Messenger, a blockchain-based messenger platform.
Now, they have turned their expertise to the B2C blockchain world.
Next Cryptocurrency to Explode in 2023: SoftNote
SoftNote is a unique solution for digital asset transfers that merges the best of digital and physical money systems. It offers a digital asset container for any blockchain. Each SoftNote is unique with a serial number and denomination value. This allows everyone to use crypto and earn rewards.
With a transaction speed of 1.3 million TPS, SoftNote through its SoftNote web wallet aims to capture 75% of the crypto payment market by 2024.
How Does SoftNote Work?
Using SoftNote is simple. Users mint SoftNotes, creating a wallet on the target blockchain and a new SoftNote bill. The denomination is up to the user.
Every time someone spends their bill, the minter gets a reward. Users then fill SoftNotes with liquidity in the correct denomination. Every time someone spends their liquidity, the provider gets a reward.
Key Features of SoftNote
SoftNote stands out for its transactionless nature. It changes hands by transferring wallet ownership and keys, not by clogging up the layer 1 chain. This results in an efficient system that also offers an added layer of anonymity to every transaction.
Moreover, SoftNote bills are for spending, so retailers who accept SoftNote pay the fees, not the users. This zero-fee system is a game-changer in the crypto world, making SoftNote the next cryptocurrency to explode in 2023.
SoftNote runs on Tectum, the world’s fastest blockchain. Tectum can handle up to 1.3 million transactions per second. That’s 5000% more power than Visa or Mastercard, showing the massive scale of this innovative crypto solution.
What is a softnote? 📜 A softnote is essentially a Serial number and a passcode that represents a BTC or crypto wallet with a certain amount of crypto in it based on the most popular payment denominations. 💼💰 #Softnote #CryptoPayments
— Tectum (@tectumsocial) June 7, 2023
SoftNote offers several advantages:
- Transactionless: SoftNote changes hands by transferring wallet ownership and keys, not by clogging up the layer 1 chain. This makes transactions seamless and efficient.
- Zero-Fee: SoftNote bills are meant to be spent, so fees are charged to retailers who accept SoftNote, not users. This makes transactions cost-effective for users.
- Anonymity: By transferring wallet address ownership rather than the actual coins in the wallet, there’s an added layer of anonymity to every transaction. This ensures privacy and security for users.
- Massive Scale: SoftNote runs on the world’s fastest blockchain, Tectum. With up to 1.3 million transactions per second, it offers 5000% more power than Visa or Mastercard.
- Rewards: Both minters and liquidity providers are rewarded every time their bill or liquidity is spent, creating a continuous incentive for participation.
SoftNote: The Ultimate Monetary System
The philosophy of SoftNote and the SoftNote Whitepaper touts SoftNote as the ultimate monetary system. It holds intrinsic value and offers greater anonymity than Bitcoin, with no commissions required for miners. As a Bitcoin scaling solution, SoftNote has a significant advantage due to its separation from traditional cryptosystems and financial systems.
Moreover, it is accessible in a physical form for transactions between participants, provided they have a connection to a node or the internet. Additionally, SoftNote maintains a zero-fee policy, enabling micro-transactions.
An Example of SoftNote
You can see an example of a Bitcoin SoftNote off-wallet. This showcases the simplicity and efficiency of the system.
BTC SoftNote in a Turkish Restaurant
Conclusion
In conclusion, Tectum’s SoftNote is set to be the next big thing in the cryptocurrency world. Its unique blend of transactionless payments, zero fees, and massive scalability make it a prime candidate for the next cryptocurrency to explode in 2023.
Whether you’re a business looking to accept crypto payments or an individual looking to invest in the future of digital currency, SoftNote is a solution worth considering.
Excited about the future? Check out Crypto Solution for Business. You can also follow all the major milestones of the project and its fast-growing community on Telegram, YouTube, Twitter, and More.