What is Trinity Network Credit? Trinity Network Credit is a private cryptocurrency that works with high scalability and privacy. cryptocoin.com In this article, we have answered the questions that are the subject of curiosity among investors, such as what is Trinity Network Credit, what does TNC do, and how to get it. Let’s take a look at this cryptocurrency that provides access to various use cases on the Trinity Network.
What is Trinity Network Credit?
Trinity Network Credit (TNC) is basically the native cryptocurrency of the Blockchain protocol called Trinity Network. This protocol and cryptocurrency is built on the NEO Blockchain. NEO, just like Ethereum, is a network where users can create their own Blockchain applications. Accordingly, Trinity Network is a protocol that offers real-time payments for NEO assets. However, users also gain access to a number of benefits on the platform, such as low transaction fees. Currently, the entire protocol operates with high scalability and privacy.
Trinity Network Credit has several use cases as the native cryptocurrency of this NEO-based protocol. For example, users can perform extremely fast and low-cost transactions with this digital asset. Users pay lower gas fees when transacting with TNC. Overall, the Trinity team aims to solve the scalability problem of the Blockchain world. Enormous fees coupled with long approval times currently hamper the idea of mass adoption of NEO. Therefore, the cryptocurrency wants to fix NEO, not overthrow it.
What does TNC do?
TNC is a token powered by the Proof-of-Stake consensus mechanism. Users who wish therefore have the advantage of earning passive income by staking their own tokens. However, the digital asset has a maximum supply limited to 1 billion units. This makes the TNC coin deflationary, meaning that its value may increase in the future as it becomes more scarce as time goes on. As for use cases, cryptocurrency allows for peer-to-peer (P2P) transfer of value with high security and privacy. It also supports micropayments.
Users can also access a range of NEO dApps, including purely P2P and private messaging. Because Trinity Network Credit works with high scalability, transactions are extremely fast. Whether it’s payment or messaging, the transaction is completed in just a few seconds. Its service to NEO is almost identical to Bitcoin’s Lightning Network and Ethereum’s Raiden Network protocols. Accordingly, the TNC is a layer-2 network that provides scalability services on the NEO mainnet. Therefore, it can be said that the value of the TNC token largely depends on the adoption of NEO.
What is Trinity Network Credit? How to get TNC?
Trinity Network Credit is currently only listed on one cryptocurrency exchange. This exchange is Gate.io. Therefore, investors interested in TNC should access the Gate.io exchange and follow the buying steps.
