SoftNote 101 – Understanding This Innovation as a Newbie

One of the reasons for this is that we want to reach people who have never heard of blockchain before. Even better, we want to ensure that these people can explain what SoftNote is to their friends, family members, and business partners. In fact, even a dummy will understand how this process works and the technology behind it.

The Bitcoin Problem

As a blockchain outfit, we often try to pass our message across to appeal to Web3 enthusiasts and people in the blockchain space. This explains why our publications are promotions are filled with technical terms. You will hear words like private key, consensus as a service, etc. This time around, Tectum is doing something significantly different.

Instead of the usual technical details, we are simplifying the entire process of how SoftNote Bills work. In this regard, we are pushing out the SoftNote 101 to simplify this technology as much as possible.

For a better understanding, let us examine how regular Bitcoin works. For starters, you need to own a blockchain wallet. Similarly, the person you want to send the BTC to must also own a wallet. From there, you can send the amount of coins to the person using their wallet address.

There are several issues associated with this process. For example, the wallet address is usually a complex line of scrambled text. Meanwhile, Bitcoin payment is nearly irreversible. This means that any mistake when inputting the wallet address may lead to a complete loss of funds.

That aside, people have to navigate the expensive cost of completing transactions of the Bitcoin blockchain. Depending on the traffic on the network, people can pay as much as 15% of the amount they want to send as gas fees.

SoftNote 101: Understanding How It Works

To solve this problem, Tectum introduced SoftNote – an innovative solution that solves the problems highlighted above. But then, how exactly does SoftNote resolve these issues?

Instead of people having to send Bitcoin in its native network, they send it through the Tectum blockchain. Think of it like carrying your laptop in your palms in public versus carrying it about in a laptop bag. The Bitcoin is your laptop, while the SoftNote Bill is the bag that contains your laptop.

Instead of carrying your laptop openly where everyone can see what brand and model of computer you are using, the bag keeps the content hidden and keeps you safe. Similarly, the SoftNote Bill hides your information and account details instead of broadcasting it like Bitcoin will do on its native network.

Once your Bitcoin is in a SoftNote and held on the Tectum blockchain, you can easily move it without fuss. People who “recharge” their SoftNote with Bitcoin can send and receive their tokens for free. It is just like how putting your PC in a bag makes it easier to carry about.

What Makes SoftNote Better?

Many people are probably wondering why they should trust Tectum with their Bitcoin. After all, there are several other companies offering something similar to what we have. Well, not exactly the case. First of all, people will maintain ownership of their tokens at all times.

Certain projects often require that people give up some level of authority over their coins. This is not the same with Tectum. It is not like the company is taking your Bitcoin and giving you SoftNote. No, the company is giving you SoftNote as a safer and more efficient medium for storing and transferring your cryptocurrency.

Add this to the fact that Tectum is the fastest blockchain, with a speed of 1.3 million transactions per second. What you have is the most efficient, safest, and cheapest way to move your funds. Looking at these benefits, which medium would you rather trust to store and transfer your Bitcoin?