What Is Maro (MARO)?
The TTC blockchain platform (TTC Platform) is a complete blockchain solution offering improved performance, scalability and security. It aims to tackle the problems of current blockchain technologies, especially to support large transactions and a variety of possible use cases. Multi-tier Byzantine Fault Tolerant-Delegated Proof of Stake (BFTDPoS), an optimized consensus mechanism, ensures high transaction speed. A master/slave network combination provides high security and scalability.
The Maro Coin facilitates asset transactions, the deployment of smart contracts, and purchase of resources in addition to other functions. TTC Connect, a universal wallet, bridges the gap between users and TTC. Users can exchange TTC Coins with other tokens on the TTC Decentralized Exchange, as well as conduct payments with TTC Pay, an independent payment solution based on the TTC Platform. The Acorn Token (ACN) is a token based on the TTC Platform which is used with the Acorn Protocol, a decentralized and incentivized social networking protocol.
Maro Storage Key Points
|Circulating Supply||711,697,216.00 MARO|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
In recent years, blockchain technology has gained traction in the internet technology industry. Simply put, a blockchain is a digital ledger that is used to record transactions involving multiple parties. It is decentralized and distributed. Notably, because the record cannot be altered retroactively without the alteration of all subsequent information in collusion with the entire network, blockchain technology is considered to be secure by design. This makes blockchains suitable for keeping track of events, medical information, financial transactions, and other types of record keeping.
Maro In technical terms, a blockchain is a distributed computing system that has achieved “decentralized consensus.” This means that there is no central authority that determines how and what information gets added to the ledger. The protocol underlying a blockchain is what allows participants on the network to reach a consensus about how to add new information, even when members cannot trust one another.
Low Transaction Speed
At its core, a blockchain network is still a network. Its main function is to record and transfer data from one point to another. Transactions Per Second (TPS) is the term used to describe the transaction rate of a network. Bitcoin has a transaction processing capacity of 10 TPS, while Ethereum is able to handle transaction speeds of up to 15 TPS. In some extreme documented cases, it took several hours for a Bitcoin transaction to be confirmed.
Scaling TPS has been an important area of research for the blockchain industry. Recent developments have led to the invention of new consensus algorithms, with a more efficient decision making system that results in higher Maro. The Delegated Proof of Stake (DPoS) consensus is able to reach up to 1,000 TPS at peak capacity, and has been adopted by various projects, aiming to create wider adoption of blockchain technology.
The concept of a blockchain isn’t widely known, and thus its adoption has yet to reach a critical mass that would allow blockchain to enter mainstream use. Despite its successful application in the fields of finance, insurance and healthcare, most of the blockchain developments in the aforementioned fields have yet to reach the general public. Social networking on the other hand, is a frequent daily activity for most people. Combining social networking with blockchain technology could be the catalyst that allows blockchains to achieve widespread acceptance by the public.
Current Maro solutions have failed to capture the attention of the mainstream, while their infrastructure remains unprepared to support large user bases and transaction requirements. Additionally, most of the platforms associated with these solutions have concepts that are not at all user friendly, which drives blockchain technology further away from the tipping point to widespread adoption. At its current stage of development, blockchain is still absent from the everyday lives of most people.
Consensus (Multi-tier BFT-DPoS)
In a decade of development, the consensus algorithm—also known as the core of the blockchain technology—has evolved from a single algorithm Proof of Work (PoW) method to multiple algorithms, such as Proof of Stake (PoS), Delegated Proof of Stake (DPoS), and Byzantine Fault Tolerance Maro. Each consensus algorithm has pros and cons. A blockchain project ought to adopt the consensus algorithm that is best suited for its intended purpose and ideology. TTC Platform created a new consensus algorithm called the “Multi-tier BFT-DPoS” to support large transaction processing and fast verification.