Tectum Blockchain Achieves 1.3 Million Transactions Per Second in Guinness World Record Phase 1 Attempt
The Tectum blockchain has achieved a threshold of 1.3 million transactions per second, completing phase 1 of the Guinness World Records attempt. In early January, the company announced that it would confirm its decentralized network as the world’s fastest blockchain.
As promised, the technology company has started the process by completing the first step of the process. Meanwhile, this is only one aspect of the event. A sequel, concluding the record-breaking attempt, is scheduled for February 25th.
Tectum Blockchain Guinness World Records Attempt Phase 1 Report
After the first step is completed, Tectum issues a report on the results. The team understands that not everyone may have participated in the live event. Additionally, certain individuals may not be technically inclined and may not understand the process. Therefore, it is necessary to briefly summarize everything that happened on February 5th.
Phase 1 of the Tectum blockchain Guinness World Records attempt began with the team processing transactions on the blockchain. It started by executing 500,000 transactions, which were processed in less than a second. After initial results, testers steadily increased their trading volume in subsequent trials.
Below is a breakdown of the results of the various tests.
500,000 transactions – completed in 0.75 seconds
1,500,000 transactions – completed in 1.65 seconds
3.000,000 transactions – completed in 3.07 seconds
6,000,000 transactions – completed at 4.62
According to the numbers, the Tectum blockchain was able to process 1,298,701 transactions per second. To understand how the team arrived at this number, simply divide 6,000,000 by 4.62. The answer is average transaction speed.
Final event details
Following the completion of the first phase of the Tectum Blockchain Guinness World Trials, Tectum will conduct its second and final phase on February 25th. This is a key part of the process to become officially recognized as the fastest layer 1 blockchain.
While sharing the report, the team stated that there will be a separate announcement regarding the second phase.
Introduction to Tectum
Tectum is the fastest layer 1 blockchain, boasting a transaction speed of 1.3 million transactions per second. It uses utility proof-of-consensus to process transactions through trusted nodes. Unlike most web3 networks, this blockchain processes transactions hierarchically, so there is no traffic congestion or transaction delays. Tectum also utilizes zero-knowledge proofs to maintain the privacy of transactions on the network.
The blockchain was developed by Crispmind, an intellectual property and software development company with decades of experience developing cost-effective, customer-centric solutions. Over the years, the company has leveraged the experience and expertise of top developers to create groundbreaking products and services.
These range from secure messaging and user authentication to blockchain, distributed ledgers and cryptocurrencies. Through its innovative approach, Crispmind has won over private companies and government agencies as customers. Regardless of the project, the company’s guiding principle has always been “to create simple solutions to complex problems.”
Some of Crispmind’s projects include:
Tectum – The world’s fastest layer 1 blockchain with utility proof-of-consensus protocol and zero-knowledge proof system.
Tectum Wallet – A comprehensive blockchain wallet that is easy to use and allows people to manage their digital assets in one place.
SoftNote Bills – A cryptocurrency that makes Bitcoin more useful.
X-Factor Authenticator – A quantum-proof three-factor authentication protocol that leverages human-machine security algorithms to ensure maximum security.
social links
Facebook: https://www.facebook.com/Tectum.io/
Twitter: https://twitter.com/tectumsocial
telegram: https://t.me/tectumglobal
Website: https://tectum.io/
youtube: https://www.youtube.com/channel/UCn17IrKSqmIFn8illLRR2-g
Source: CrispMind
disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
