- Tectum wins the Best Blockchain Innovation Award at the Leaders in Fintech Awards 2024.
- Tectum is recognized for its record-breaking speed of 3.5 million TPS.
- The company’s innovations include the SoftNote Wallet and SoftNote Pay.
Tectum, dubbed the world’s fastest layer-1 blockchain, has clinched the Best Blockchain Innovation award at the prestigious Leaders in Fintech Awards 2024. As a subsidiary of Crispmind, a prominent intellectual property and technology firm, Tectum continues to make strides in blockchain technology and fintech solutions.
Recognition in the MENA Region
The project team has remarked that this accolade recognizes Tectum as a pioneering force in blockchain technology within the MENA region. It solidifies its position alongside prominent fintech companies such as Paymob, Tamam, and Hyperpay.
This year’s Leaders in Fintech Awards had 38 categories covering various aspects of financial technology. The awards were open to all service providers in the MENA region, with voting open to the fintech community. After nominations and voting concluded on September 3, the awards ceremony took place on September 11 at the Habtoor Palace in Dubai, UAE.
Tectum is known for its remarkable speed. It boasts over 3.5 million transactions per second (TPS), making it the fastest blockchain network in clinical settings. The platform uses a proof-of-utility consensus mechanism that ensures efficient and secure transactions through trusted nodes.
Additionally, Tectum employs layered transaction processing, which prevents congestion while maintaining privacy via zero-knowledge proofs.
Key Innovations
Beyond its fast blockchain network, Tectum has developed several key products that include:
- SoftNote Wallet: a user-friendly digital asset management tool for users and merchants.
- SoftNote Bills: a solution that scales Bitcoin and Ethereum transactions with minimal fees. This enables users to send and spend cryptocurrencies without needing a blockchain wallet.
- SoftNote Pay: a crypto credit card designed for seamless direct cryptocurrency payments.
- X-Factor Authenticator: A quantum-proof, three-factor authentication protocol offering
Tectum was developed by Crispmind, a company known for delivering secure and innovative solutions across various sectors, including blockchain, distributed ledgers, and cryptocurrency. Crispmind serves both private enterprises and governmental institutions, providing them with cutting-edge technologies like secure messaging and advanced user authentication.
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Source: https://coinedition.com/tectum-wins-best-blockchain-innovation-award-2024/