What Is TokenClub (TCT)? Complete Guide Review About TokenClub.

What Is TokenClub (TCT)?

What Is TokenClub (TCT)?

If a person suddenly passed away (e.g. in an accident), his/her entire crypto fortune will be locked forever as no one else has the private key to access the account. This is a notable characteristic of using cryptocurrency, however not everyone wants that. To overcome this drawback,TokenClub allows a person to set others as inheritors. When the owner is inactive for a predefined period, one of the inheritors could activate the inheritance workflow to claim his/her inheritance rights, similar to a normal inheritance.

It is a common situation that an account is owned by a group of people and has specific rules of management. On other blockchains, people achieve this by creating custom smart contracts, which is costly and error-prone. TokenClub has a built-in, fine-grained permission mechanism that supports each of the common scenarios, from multiple-signature gathering, 2nd-factor authentication to spending budget and quota. Account owners can set permissions for others, right from within their wallets.

TokenClub Storage Key Points

Coin BasicInformation
Coin NameTokenClub
Short NameTCT
Circulating Supply817,902,279.44 TCT
Total Supply995,239,500
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Decentralized Chatbot

Smart contracts are valuable tools to deliver promises in a trusted way. However, instead of interacting with them directly, users have to go through some web or mobile applications which require lots of time and effort to build. Such apps are often opaque, hence raising unwanted trust-issues.

TokenClub supports a special type of smart contract, named “decentralized bot”. Those bots reside on blockchain and can respond to users’ queries. What’s more, bots can be state ful (e.g. they remember the user’s previous messages) which can create meaningful conversations. Users can now chat with smart contracts right inside their wallets.

DocuGuard

Blockchain storage is scarce; hence, it is affordable to keep large data and files on-chain. It is possible to store those data on a cloud service and link (hash) them back to the blockchain. However, many apps want to avoid that centralized cloud to ensure complete censorship-resistance of their users’ files.

TokenClub is a professional, reliable, censorship-resistant decentralized storage service built upon the famous IPFS protocol. All applications built on Polka Foundry can now easily integrate with DocuGuard and developers can conveniently pay for Docu Guard usage using the well-known Polka Foundry tokens.

Decentralized Gate

Almost every non-trivial blockchain app needs to interact with the off-chain world. Yet blockchain, due to its decentralization nature, prohibits such interaction. To overcome this situation, some applications have been using a centralized service (often called Oracle service). Although such a service does work, it decreases users’ trust in the system.

TokenClub offers a solution called Decentralized Gate – a network of computers constantly on the alert and competes to serve off-chain data to smart contracts. A reward-based game is designed to ensure fairness and decentralization. It helps applications access the off-chain world in a decentralized manner and at an affordable price.

PolkaFoundry Enterprise Edition

In practice, many enterprises prefer to use a private chain rather than a public one, because they want to share data to just a limited number of partners. To resolve the above concern, Polka Foundry comes with TokenClub Enterprise Edition, a private-chain variation of Polka Foundry.

It is also possible to sync portions of the private chain’s data to the public chain, which turns the system into a legitimate hybrid chain. As a result, enterprises have many options to deploy their apps either on a private chain, a hybrid chain, a public side chain, or the Polka Foundry public chain, all depending solely on their business needs.

Parallel Transaction Execution

Most blockchains are still in their early stages, and transactions are processed sequentially. TokenClub capacity of smartly selecting transactions for executing in parallel greatly improves transaction processing throughput. Highly busy applications can offload workload to side chains or Autonomous Areas – a special side chain whose security and decentralization are taken care of by the mother chain. Polka Foundry Studio and other development tools let developers write and test smart contracts easily in either JavaScript or Rust, and integrate seamlessly with existing development workflows.