Review on TERA by David Olayide
New Age For Cryptocurrency: TERA
Tera is a fully decentralized blockchain platform created to support the development of decentralized applications in JavaScript. The Tera platform had its native cryptocurrency called Tera and so transactions are free and Dapps are stored on the blockchain. The project boasts of a very high performance output, quoting speeds of about 10 seconds and speeds of 1000 tps. The project was launched in 2018 and makes use of the PoW consensus protocol.
The Tera coin has a maximum supply of 1,000,000,000 coins and a circulating supply of 650 million Tera coins. From my introduction it is easy to see most of the features offered by Tera cryptocurrency. Firstly, it supports the creation of Decentralized Applications providing a platform and tools for developers. Then fast transaction time, with zero demands for fees and charges. The system can handle a large volume of transactions concurrently too.
All these features are more of a solution to the existing problems that all traders and cryptocurrency investors face while conducting transactions with other blockchain technologies and platforms. The price of Tera is very volatile and for now it continues to maintain a relatively low price. Hopefully, the price will increase favorably with time.
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Pros
- Tera provides a platform for developers to build Dapps with the tools they need
- Tera is decentralized
- Fast transactions times and zero transaction charges
- The platform can run a lot of transactions per second
Cons
- Tera has low value for now
