T.OS Block (TOS Coin): Blockchain Cryptocurrency Payment System?
T.OS: The Perfect Crypto For A New Payment System
The principle behind T.OS is the establishment of a commercial payment system that utilizes digital currency. This will be the first such system in the history of the world. The T.OS developers delayed releasing their whitepaper due to patent issues. They did not want the Business Method (BM) to leak to the masses, lest it was stolen.
However, after successful registration of the patent, they have now made the whitepaper public. The product is ready, and all that bought the T.OS token can utilize the platform. To use the platform, you need to visit the project site and download the App. Right now, a good way to get T.OS tokens is to mine them. You can also buy the tokens in an exchange.
Why T.OS Matters
There have been many crypto coins created in recent years. However, most of those coins have not offered any practical solution for use by the mass for commerce. The result is that most coins derive their value from pure speculation.
Luckily, the creators of T.OS foresaw this issue, and they went to work to create a remedy. They came up with a new coin that is safer, faster, and smarter. This makes it the perfect coin for payments. The vision is to have the coin substitute existing payment methods such as credit/debit cards and all existing payment systems.
The Current Issues
In the existing payment market, most digital coins are not accepted as a payment method. One of the major issues with these coins is that their price is always fluctuating. Besides that, it takes long to approve a single transaction.
In the T.OS payment system, the T.OSp, a private coin, will be used to fix the value of the payment unit. The T.OSp cannot be sold at exchanges. The owners of the T.OSp can exchange these private coins for T.OS coin. This can be reversed when the need arises. The private coin is better for the payments since its processing speed is fast. It means the T.OS payment system is the best digital coin payment, which is compliant with market forces.
About The T.OS Coin
T.OS was created as an Alternative coin that uses the scrypt algorithm. A block emerges every minute, and every block can hold 420 transactions. A huge amount of the coins has been created. The T.OS coins come with a limit of 6 billion coins. This is larger than Bitcoin by a huge margin.
There is also a higher limit on minable T.OS coins since there is a considerable amount of money to be spent to develop and operate the platform.
T.OS Block Conclusion
One of the major draws of T.OS is just how fast it is. The T.OS has transaction speeds that are 10 times higher than those of Bitcoin. In short, the T.OS coin is explicitly designed as a means of payment for real-time transactions. Thus, the T.OS coin is clearly the future of payment solutions. This coin will help with mass adoption of crypto.