ThunderCore TT Price

What is ThunderCore (TT)?

ThunderCore (TT) is a decentralized blockchain platform designed to provide high throughput and low latency for decentralized applications (dApps). Launched in 2018, ThunderCore aims to make blockchain technology more accessible and efficient for developers and users alike. The platform utilizes a unique consensus mechanism called "Turbo-Ghost," which allows it to achieve transaction speeds of up to 4,000 transactions per second (TPS) while maintaining a high level of security. TT is the native cryptocurrency of the ThunderCore ecosystem, used for transaction fees, staking, and governance within the network.

Who are the Founders of ThunderCore?

ThunderCore was co-founded by Chris Wang and Chris Xia. Chris Wang has a strong background in computer science and previously held senior engineering positions at companies like Alibaba and Google. Chris Xia is a former senior engineer at Kuaishou and has extensive experience in blockchain technology and software development. Together, they lead a team of experts dedicated to building a scalable and user-friendly blockchain platform.

How does ThunderCore Work?

ThunderCore operates on a unique consensus algorithm called Turbo-Ghost, which is a variation of the Proof-of-Stake (PoS) model. This approach allows for rapid finality and high throughput. When a transaction is initiated, it is grouped into a block and validated by a set of validators who stake TT tokens to participate in the consensus process. The Turbo-Ghost mechanism ensures that blocks are produced quickly and efficiently, while also allowing for easy integration with Ethereum-based dApps through compatibility with the Ethereum Virtual Machine (EVM). This interoperability gives developers the flexibility to build and migrate their applications seamlessly.

Key Features of ThunderCore:

• High Throughput: Capable of processing thousands of transactions per second.
• Low Latency: Transaction finality is achieved in seconds.
• Developer-Friendly: EVM compatibility enables easy migration and development of dApps.
• Security: Utilizes a robust consensus mechanism to ensure network integrity.

Top Use Cases of ThunderCore

ThunderCore has various use cases, making it a versatile platform for developers and businesses:

• Gaming: ThunderCore hosts several blockchain-based games that leverage its high TPS and low latency, providing users with a seamless gaming experience.
• Decentralized Finance (DeFi): The platform supports DeFi applications, offering services like lending, borrowing, and trading with fast transaction speeds.
• NFT Marketplaces: ThunderCore enables the creation and trading of Non-Fungible Tokens (NFTs), supporting digital art and collectibles.
• Social Media Applications: The platform can be used to build decentralized social networks, allowing for user-controlled data and monetization options.

How to Keep your ThunderCore Safe?

Keeping your TT tokens safe is crucial for any user. Here are some best practices:

• Use Hardware Wallets: Store your TT tokens in a hardware wallet for maximum security, as they are less susceptible to hacking.
• Enable Two-Factor Authentication (2FA): If available, always enable 2FA on your wallets and exchanges to add an extra layer of security.
• Be Cautious of Phishing Scams: Always verify URLs and avoid clicking on suspicious links to protect your assets.
• Keep Software Updated: Regularly update your wallet software and firmware to patch any security vulnerabilities.
• Backup Your Wallet: Keep a secure backup of your wallet's seed phrase or private keys in a safe location.