What is TELCOIN ? A Quick Overview of TELCOIN Blockchain | Crypto Currency TELCOIN
Telcoin is a decentralized cryptocurrency, an ERC-20 token based on the Ethereum blockchain. An open-source project aimed to provide users with a low-cost, efficient, yet secure experience for users to send digital remittances via mobile platforms and e-wallets. TEL is the native cryptocurrency, and it is used in the Telcoin ecosystem for making payments.
When was TELCOIN invented ?
Telcoin was Developed in 2017 by a Singapore-based organization with vision to make money transfer smarter than before. Even though technology around us, but wiring money internationally is a fragmented experience that ends up taking a lot of time that involves a lot of money in the form of transaction costs and levies.
How Does Telcoin Work?
Telcoin is built on the Ethereum blockchain and it uses the PoC (Proof-of-Concept) approach rather than validators for transactional consistencies. Before validating any transaction, it verifies whether or not it has some real-world feasibility.
Key Features of Telcoin
- Instantaneous transfers
- Mobile friendly
- API integration
- Incentivized adoption
- Supports multiple wallets