The current cryptocurrency market has seen a myriad of ICO that have flopped. One easy way to determine the viability of an ICO is by looking at the performance of the Pre-ICO. Pre-ICOs are a precursor that can give you insights into investor confidence in a platform. In Truckcoin’s case, the confidence is resounding. The Pre-ICO that was expected to last 30 days was sold out in under 24 hours. Very few Pre-ICOs can achieve this fete. The success of the Truckcoin Pre-ICO can be attributed to several factors.
First, it is a startup in a very lucrative industry. The payment processing industry is growing at a CAGR of seven percent, and the growth is projected to maintain the pace for at least five years. Second, Truckcoin is venturing into an industry that is dominated by players that have been able to guarantee user security. This is evident with the perennial hacks reported in many payment processing firms.
As highlighted truckcoin provides a solution to many of the problems that are facing the payment processing firm. GoldenHill International Limited can do this by adding the following features to the Truckcoin blockchain.
i. Decentralized ledger. Truckcoin uses a decentralized ledger that is encrypted and synchronized across of the connected devices. This prevents the blockchain from being breached by hackers.
ii. Pseudonyms and cryptographic security. Truckcoin provides each user account with a unique pseudonym to ensure that sensitive user details are protected from any prying eyes. Additionally, the ledger is encrypted from anyone, not on the blockchain protecting transaction information.
iii. Shuffling public keys. The public keys used for receiving payments are shuffled using ring technology. This prevents transaction history from an account from being tracked by other users on the platform.
iv. Proof of Work. Truckcoin uses the PoW architecture instead of the PoS architecture. As a result, it is more robust but integrated with features to ensure it is as fast and upgradable as PoS blockchains.
v. Scalability. The Truckcoin distributed ledger is scalable to allow it to be reduced to 1-2MB. When the size exceeds this, pruning algorithms will scale the size back down to the required size. This allows the e-wallet to fit in handheld devices like mobile phones with limited storage.
vi. Low latency APIs. Truckcoin uses low latency APIs that are built to facilitate the real-time transaction and high-volume transactions without any downtime. This facilitates payment processing of any amount at any location around the world in real-time.
Lucrative investment opportunity
Truckcoin is not any of the run-of-the-mill ICOs in the market. The success of the Pre-ICO is a testament to that. Investors who want to invest in Truckcoin early can take part in the upcoming ICO scheduled for 1st – 31st December. Tickets will be available for between $20-50. Each ticket purchased represents three truckcoins once the platform is launched. Since the coin supply is capped at 513,333, any interested investors should ensure they purchase their tickets early enough. If Pre-ICO is an indicator, the ICO coins will be sold out in hours rather than days. Visit the following social media pages and platform website for any additional information.