Tectum is gearing up for an event this Tuesday at 5pm UTC, where it will conduct a public live speed test of its blockchain network. Following an achievement earlier this February, where Tectum’s technology facilitated 1.3 million transactions per second (TPS), the platform is now setting its sights on surpassing this record. This initiative underscores Tectum’s capability to accommodate the globe’s entire spectrum of fiat and cryptocurrency transactions efficiently, without succumbing to network congestion.
At the heart of Tectum’s blockchain lies a proprietary algorithm designed to manage record change signatures. This approach ensures the swift delivery of event status updates and ownership changes across the network. By storing hashes instead of the actual data, Tectum effectively separates bulk transaction information from the core processing pipeline.
This mechanism not only enhances verification speed but also offers varying access levels to different parts of the transaction data, catering to a wide range of applications from municipal record-keeping to real-time vehicle system monitoring.
Previous Achievements and Future Goals
Tectum’s previous live speed test set a high standard, achieving 1.3 million TPS using consumer-grade hardware. The upcoming test aims to leverage advanced hardware to not only meet but exceed this performance.
Big Event!
This Tuesday Tectum will be running it’s live streamed public ‘blocks per second’ speed test with community involvement and optimal hardware!
Last live stream speed test hit 1.3m BPS and TPS
Stream starts at 5pm UTC pic.twitter.com/cgSYscQcSe
— Tectum (@tectumsocial) March 10, 2024
Additionally, for the first time, the test will include a measurement of blocks per second (BPS), providing a comprehensive view of the platform’s efficiency.
February’s test was a part of a larger attempt to secure a place in the Guinness World Records as the fastest decentralized blockchain. The initial phase saw the platform effortlessly handling up to 6 million transactions in just 4.62 seconds, highlighting its capability to process approximately 1,298,701 TPS on average.
Market Position and Future Prospects
With the current price of Tectum’s TET token at $35.46, the platform’s technological prowess positions it favorably within the competitive blockchain space. With a live market cap of $176,670,804 USD and a rank of #356 on CoinMarketCap, Tectum is poised for growth, especially as it continues to innovate and expand its use cases.
The upcoming live stream event is not just a technological demonstration but also an opportunity for community involvement. Participants can engage directly through the wallet interface, contributing to the test’s success. This level of community engagement, coupled with recent developments such as TET Token listing on Gate.io Centralized Exchange and the acquisition of two trademarks, underscores Tectum’s role as a leading innovator in the blockchain industry.
