.TechPay_Chain ($TPC), which aims at solving the 'blockchain trilemma,' attracted almost $12 million in capitalization prior to MEXC listing
Since the listing, the cryptocurrency has shown an impressive price performance on secondary exchanges, which pushed the market capitalization of the project to almost $12 million at the moment of writing. As for now, the community around the project awaits the listing on the second Centralized Exchange, MEXC Global, on June 3, at 12:00 UTC.TechPay is an infinitely scalable Layer 1 cryptocurrency functioning on the Practical Byzantine Fault Tolerance and Directed Acyclic Graph.
TechPay offers a fixed maximum supply of six billion coins with the active burning mechanism, which removes 30% of each block’s transaction fees from circulation. The burning mechanism proved to be a successful support system for coins like Tron and Ethereum.TechPay is designed to solve three issues present on the blockchain: scalability, security and decentralization. TechPay using the term “blockchain trilemma” to describe what their network is solving.
With scalability issues solved with the help of pBFT and DAG, centralization is ensured with an extremely high number of transactions between shards, which diminishes centralization risks. Energy demand is also low as hashing power is not needed for meeting the next block.Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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