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Tectum

Tectum

$0.3531

1.4%(24h)
  • Today

    1.4%

  • 30 Days

    40.3%

  • Price Change (24h)

    $0.005012

Trend Overview

Period:

Price of Tectum Today

The live price of Tectum is $0.3531 per TET/USD, +1.44% in the last 24 hours. It has a market cap of $2.73M and $70.12K in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. TET has a circulating supply of 9.93M.

Current price

$0.3531

24h high

$0.3592

24h low

$0.3363

24h

+1.44%

7d

+13.87%

30d change

+40.34%

TET Market Stats

Rank

#2118

By market cap

Market Cap

$2.73M

24h Volume

$70.12K

Across 2 exchanges

FDV

$3.53M

If all tokens were issued

Circulating Supply

9.93M TET

99.3% of max supply issued

Total Supply

10M TET

Max Supply

10M TET

Listed on

2 exchanges

Where to buy Tectum

Tectum is available on 2 exchanges. Prices shown are live.

ExchangePairVolumeTrade
MEXCTETUSDT$64.02KBuy TET on MEXC
GateTET_USDT$2.77KBuy TET on Gate

Price: $0.3531 — Price Source: 2 exchanges

We may earn a commission when you sign up through these links. This never affects the prices shown.

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People also ask about Tectum

What is Tectum?

Tectum (TET) is a blockchain platform that claims to be the fastest in the world, with a processing speed of 1.38 million transactions per second. This is achieved through its unique Proof-of-Utility (PoU) consensus mechanism and a high-speed network protocol. Unlike traditional blockchains such as Bitcoin and Ethereum, Tectum is designed for high-volume and rapid distributed ledger activities, making it suitable for financial transactions and real-time digital record-keeping. The platform also features a proprietary record change signature management algorithm to handle large amounts of data efficiently. Tectum's applications extend to IoT devices due to its adaptability and security. A notable innovation is SoftNote, a payment system that enables instant transactions without fees for end users.

What is the technology behind Tectum?

Tectum's technology is centered around its proprietary Proof-of-Utility (PoU) consensus mechanism, which differs from common Proof-of-Work or Proof-of-Stake systems. This PoU protocol optimizes data distribution across the network, allowing Tectum to achieve extremely high transaction speeds. For comparison, Bitcoin processes around 4.6 to 7 TPS and Ethereum 12 to 25 TPS, while Tectum can handle over 1.38 million TPS at peak performance, making it the fastest blockchain globally. Security is ensured through sophisticated data storage methods involving hashing, encryption, and signing, which protect the network from malicious attacks. The record change signature management algorithm further enhances security and efficiency.

What are the real-world applications of Tectum?

Tectum's high speed and efficiency make it suitable for various real-world applications. Primarily, it is used for financial transaction processing, offering lightning-fast and low-cost payments. Its flagship product, SoftNote, provides a transactionless payment system with instant payments and zero fees, ideal for person-to-person transactions and digital cash. Tectum is also applicable in record-keeping and notarization, ensuring immutable and secure storage of documents. This is crucial for industries requiring tamper-proof record management. Additionally, Tectum's adaptability makes it relevant for IoT devices, where secure and fast data handling is essential.

What key events have there been for Tectum?

Tectum has achieved significant milestones, including being recognized as the Best Blockchain Innovation at the Leaders in Fintech Awards 2024. This accolade highlights its pioneering contributions to blockchain technology. Additionally, Tectum has been listed on various cryptocurrency exchanges, increasing accessibility and liquidity for its TET token. These listings are part of its strategy to expand its reach and adoption. The platform's technological advancements, such as its high-speed processing and PoU consensus, have also been key events, positioning it as a leader in the blockchain space.

Who are the founders of Tectum?

Tectum was founded by Alexander Gusev, Sadaf Jadran, Thomas Nitschke, and Gumar Kadyrov. Each founder brings unique expertise to the development of Tectum and its flagship product, SoftNote. While specific details about their backgrounds are limited, their collective vision has driven Tectum to the forefront of blockchain innovation, offering a secure and adaptable platform capable of processing 1.38 million transactions per second.

What is Tectum?

Tectum (TET) is a blockchain platform that reports a transaction processing capacity of up to 1.38 million transactions per second, a figure it claims makes it the fastest blockchain currently in operation. This performance is attributed to its proprietary Proof-of-Utility (PoU) consensus mechanism, which differs from the more common Proof-of-Work and Proof-of-Stake systems. The network's protocol is designed to allow nodes to distribute and validate a high volume of digital events each second, supporting applications that require rapid data handling, such as financial transactions and real-time record-keeping.

The technology incorporates data storage methods involving hashing, encryption, and signing to secure the network, along with a record change signature management algorithm intended to preserve transaction integrity. Beyond its core infrastructure, Tectum has developed the SoftNote, a payment system described as "transactionless," which aims to provide instant payments without fees for the end user. The project also collaborates with Digimentor to promote blockchain education. Its applications are noted to extend to the Internet of Things (IoT) due to the platform's security and adaptability features.

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