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Cryptocurrency News Articles

Tectum Announces Major Updates in Latest Roadmap

Jun 21, 2024 at 07:30 pm

Tectum, a layer-1 blockchain, has revealed an ambitious roadmap update featuring several product launches. The roadmap includes the release of the SoftNote Wallet Mobile App and major upgrades to the network and its applications.

Tectum Announces Major Updates in Latest Roadmap

Layer-1 blockchain Tectum has announced major updates in its latest roadmap, including the launch of its private blockchain, decentralized ledger, and SoftNote Wallet Mobile App.

The roadmap is divided into two phases and aims to enhance both live and testnet modes.

In the first phase, set to go live by September 1st, 2024, Tectum will launch its private blockchain and decentralized ledger. This update will introduce a basic validator node consensus protocol, similar to the Solana staking model.

Moreover, developers will gain access to an API, enabling them to connect their Light Node to the private blockchain. This connection allows for minting, burning, blacklisting, sending, and transferring ownership of custom tokens.

Significantly, transactions via Light Nodes will only cost 0.1% of the transaction value, with a maximum fee of $1. This fee structure requires joint approval from Validator Nodes and the originating Light Node.

Besides the blockchain launch, Tectum will debut the SoftNote Wallet Mobile App for both Android and iOS devices. This application will feature the wallet’s latest functionalities, including the revamped Mint House section, providing users with an enhanced experience.

In the second phase, Tectum will launch its public blockchain in Testnet mode. During this period, developers will participate in a hackathon to test various features on the world’s fastest layer-1 blockchain network.

Key features available for testing will include the minting and management of custom tokens, as well as the creation, transfer, and burning of custom SoftNote Bills. To facilitate this hackathon, Tectum will provide access to the testnet blockchain’s source code, SDK, API, and the TectumCore.exe application.

Tectum’s suite of products includes the SoftNote Wallet, which offers a user-friendly interface for digital asset management, and SoftNote Bills, which enhance Bitcoin’s utility. Additionally, the X-Factor Authenticator provides a quantum-proof three-factor authentication protocol, ensuring top-tier security.

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Crispmind, the developer behind Tectum, boasts expertise in secure messaging, user authentication, blockchain, distributed ledgers, and crypto. Founded in 2018, the company has a presence in over 100 countries and is renowned for its innovative solutions.

Tectum leverages a proof of utility consensus mechanism, achieving a transaction speed of 3.5 million transactions per second. The blockchain is designed to support custom tokens, SoftNote Bills, and NFTs, all of which are fully interoperable with Bitcoin.

As per the updates, Tectum’s private blockchain will go live on September 1st, 2024, followed by the SoftNote Wallet Mobile App. The public blockchain testnet will launch later on, inviting developers to participate in a hackathon and test various features on the world’s fastest layer-1 blockchain network.

Throughout these phases, Tectum aims to enhance both the live and testnet environments, providing developers with tools and users with improved functionalities. The roadmap ultimately reflects Tectum’s dedication to pushing the boundaries of blockchain technology.

visit Tectum on:

Facebook | Twitter | Telegram | YouTube |  website

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