Techpay is the fastest blockchain that sends and receives transactions in real-time to process data. The scalability problem that blockchain is currently experiencing can be solved with the Techpay coin.

It produces smart contract bytecode on the Techpay Network using a high-level Scala-based functional programming language. Moreover, Techpay has been developing a leaderless, decentralized blockchain platform that is EVM compatible, as well as scalable, and safe, breaking the blockchain trilemma.

The goal of TechPay Company is to operate in numerous industries, including telecommunications, banking, and transportation, while also developing its own smart service agreement platform that will be open to all partners worldwide.

The TechPay Institute is in a strong position to lead the next wave of decentralized blockchain technology advances. In all of their activities, they aim for excellent quality and precision, which will catapult the company to the top of the global banking industry.

Nowadays, in the coin market cap, the price of TPC is $0.6359 and the coingecko price is $0.632716.

History

The Techpay project was started in 2018 by the Techpay team when they realized the need to make transactions faster. Many different technologies were coming but practically there was no solution for solving the Blockchain Trilemma considering Decentralize, Security, and Scalability.

The challenge was not just in the architecture but also the compatibility of the project with the existing blockchain ecosystem. The project was delayed in 2020 due to the Covid19 pandemic and later again started in December 2020. The Techpay stable release was tested for stable release in January 2022 when it was flooded with transactions on a private network of servers connected in the same network.

It was observed that the network can process a huge number of transactions compared to the existing popular decentralized blockchain networks. After this testing, the Techpay Mainnet was announced to be launched globally and so in March the Mainnet was made live. Techpay was then listed on the first exchange i.e. LBank for people to trade globally.

Techpay with LBank

Techpay was first listed on LBank and promised to be listed on all the top exchanges in the future.

Techpay is a public Blockchain and smart contracts platform listed on March 11, 2022, on LBank. The name of the asset was Techpay TPC.

LBank recognizes the Techpay currency on its official website, paving the door for new areas of growth, as Techpay offers factory owners and company owners a variety of options and opportunities for growing their operations to new heights. Photon blockchain is the world's fastest, most scalable, most secure, and capable of doing over 300,000 operations in a fraction of a second.

Techpay Algorithm

The Techpay Chain will use the Consensus Algorithm (CA) to improve performance and security, in addition to a unique consensus algorithm based on DAG-based distributed ledger technology. This CA-based technology aspires to be a Byzantine Fault Tolerant (BFT) technology, which assures that current blockchains have the same level of consensus.

In the Sirius protocol, the Proof of Stake (PoS) model combined with DAG helps to increase both efficiency and security. To ensure a consistent sequencing of event blocks and transactions, the Sirius protocol employs layers of the graph and concurrent knowledge. The Sirius system reduces DAG storage and processing time by dividing local history into epochs or checkpoints. Instead of blockchains, the Sirius protocol is designed for distributed ledgers with logical temporal ordering.

Techpay Chain is a next-generation public blockchain that harnesses the power of cryptography to make transactions more secure. In addition to a new consensus technique based on a distributed ledger with a DAG, It Boosts security and transaction processing speeds up to 300,000 TPS.

The Techpay DAG is a strong and innovative solution to store non-changing information and is also used for communication. This protocol establishes links between event blocks, resulting in an interconnected system capable of storing arbitrary data in smart contracts or stories based on the values of previous events.

In the Techpay DAG, an event is linked to a central authority that manipulates the structure of events and blocks. As new events emerge from prior rounds, they receive more verifications. When two identical transactions are requested, the LCA tries to be asynchronous, and only one is verified at a time. The Main Chain list algorithm, which helps organize for better precision invalidation by employing help from other nodes across the network, underpins the order between these jobs.

Techpay Layers of Network

There are two layers to this network. The Techpay core layer and Techpay ware layer.

Core layer

The core layer is responsible for processing transactions at a large scale. Payment, Compensation, Reservation, Delivery, Commerce, and Reputation are all handled by the Techpay Core Layer. The Techpay core layer is also where the Techpay ecosystem's core chain technologies are placed, providing secure transaction and data exchange.

• Infrastructure: The Techpay distributed ecosystem records and settles data on blockchain transactions to aid with everyday tasks like bill payments and travel booking.

The Infrastructure layer of Techpay maps and stores information on transactions, Smart Contracts, and a history of transactions (history) in a variety of application areas, including Payments, Reservations, Deliveries, Commerce, and Reputation. Also, the computation layer's output, which includes values depicting the previous event blocks at the computation layer.

• Control layer: The magic happens at the control layer. It transforms all of the data gathered by our Infrastructure into something usable. The Smart Contract's control layer is a critical component.

• It guarantees that specific actions for a transaction, including computations and reliability calculations, are correct and based on trustworthy data before capturing all facts necessary for putting out your smart contract code in subsequent phases. It also double-checks the work of both layers.

• Computation: The Techpay layer's job is to collect data from apps such as transactions, smart contracts, and historical data. This is accomplished by monitoring traffic and determining what service each block provides, such as transaction or entails addressing, while employing TCP/UDP protocols and other aspects such as interfaces among various components within this design.

• Interface: Apps can connect to the Techpay Chain via an interface layer. This network involves account management and supervision, which limits or certifies the authority of nodes, ensuring that transactions are correctly checked before being completed by participating systems, such as wallet addresses with Techpay Coin.