Combining Mainstream Finance and DeFi, Tectum’s SoftNotes Project Will Change the Rules in Financial Technology

Tectum is a third-generation Blockchain that offers instant transfers without compromising security. It is built on top of the Bitcoin network and has all the advantages and no weak points.

This is made possible through the use of a technological marvel called SoftNote, a transaction-free store of value that can actually make purchases without spending BTC.

Bitcoin Is King But It’s So Slow

Bitcoin is struggling with problems today. It is expensive and slow, and its transfer can be a tedious activity. The popularity of the network, averaging 5~7 TPS, means transaction waiting times are impractical. The only way to get around this is to offer a much higher fee, which results in greater costs.

Over the years this has resulted in a slower adoption of Bitcoin in daily life. Digital money to replace paper money may be too expensive and slow to be used to buy your morning coffee. Bitcoin’s original mission to serve the common man is now being questioned.

Solutions like Lightning Network and other scalability options provide temporary relief, but ultimately they are not a complete permanent solution.

SoftNotes are the Solution

The Tectum team realized that the need of the moment was to start fresh, rather than creating more complexity by adding layers on top of BTC, but still added to Bitcoin.

It’s essentially a digital note that runs on Tectum’s own blockchain network, with BTC backing the notes. Anyone can join the network and mint SoftNotes at their preferred dominion and deposit the appropriate BTC into the corresponding wallet.

Instead of transferring SoftNotes, users can “transfer” ownership by verifying their PIN code. A new PIN code is created for the new owner.

Conclusion? Instant exchange without requiring on-chain transactions, just like physical cash. With 0.1% fees and 1.3 million TPS, Tectum is the fastest and cheapest Bitcoin layer-2 solution yet.

There is no blockage in the original network either. This opens up possibilities like no other. Imagine BRC20 Softnotes representing Ordinal Numbers. Without the need to transfer Bitcoin NFTs, large amounts of on-chain data can be stored without clogging the Bitcoin memory pool.

Tectum TET: SoftNotes and Powering Them All

The TET token is the power behind the Tectum blockchain. Working as an internal value transfer tool, SoftNote is used for printing, paying for gas, staking to secure the network, and even early access to upcoming features. Already available on the XT exchange, TET is accompanied by BTC SoftNode, a first for a non-DAO layer-2 solution.

With various partnerships, Tectum’s TET token will be highly sought after by SoftNote, especially with a BTC ETF being a very good possibility. Tectum has already partnered with Kaspa to offer KAS SoftNotes. Tectum also brought on crypto guru Mando as a brand ambassador. This means that Tectum’s rapid growth is a matter of when, not if.