Review on Ternio by David Olayide
The Ternio Project
The digital revolution is not slowing down. The pace of development has even increased as more technologies are developed rapidly to meet the demands in the cryptocurrency industry. So I have personally noticed the influx of several cryptocurrency based projects each attempting to make one change or the other in the cryptocurrency community. Whether they succeed or not, it is interesting to see their structures and operation plan. So Ternio, is a global fintech platform built on the blockchain technology.
The Ternio platform serves as connector, where banks, fintechs, and even traditional enterprises, thus linking them to the blockchain. Ternio hopes to quicken the adoption of blockchain and cryptocurrency into everyday life by providing white-label technology to enterprise clients that gives blockchain and cryptocurrency real-world application. Blockchain scalability and payment utility of crypto, are some of the issues that Ternio has claimed to solve. Ternio also reportedly has the power to process a high volume of transactions per second. I saw a figure of 1 million somewhere. It can even scale higher based on the demands on the network.
TERN is Ternio’s cryptocurrency and it operates or is based on the Stellar and Ethereum blockchain. Using TERN ensures that any transactions you make, is confirmed in under 5 seconds, and with the cheapest transaction charges or fees from the network. Of course you can easily store your TERN on wallets compatible with the Stellar or even Ethereum platforms. TERN had a total supply of 999,921,008 TERN.
TERN is traded quite easily on many cryptocurrency exchanges centralized or decentralized alike. I have much hope for the project and I am almost certain that it will develop the industry it a very good way. The potentials are certainly high and I would like to see it gain the attention of the cryptocurrency community in a large way.
Pros
- Capable of performing high volume of transactions per second. A figure of 1 million was quoted
- TERN is based on the Stellar platform
- Scalability problems are solved
- Ternio is a platform that connects banks, fintechs and enterprises together
Cons
- Nothing bsd
