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zCredit: All You Need to Know About TerraCredit’s New Feature

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zCredit

Before the implementation of the blockchain technology, cross-border payments were cumbersome, expensive, and often took days for the transaction to be resolved. Cryptocurrencies and blockchain technology have helped revolutionise cross-border payments making them safe, affordable, transparent, and almost instant. One such platform that is revolutionising global payments is Terra Credit. The platform predominantly targets the unbanked population with smartphones made up of close to 2 billion adults.

Terra Credit had over eight products under its name. The products provide a real-life solution for emerging markets and include Credit, Terra HubTerra DaxMini-POSTerraceXTerra walletTerra Mart, and the Tellus Ecosystem (Tellus-pay and Tellus-merchant). He Team has combined three services into one app: Terrabit. The TerraCredit DAO recently launched zCredit on its Mainnet on 4th September 2020. Here’s all you need to know about Project and its newly launched product- zCredit.

TerraCredit Explained

TerraCreditTerra Credit is a decentralised blockchain-based payment platform designed to offer quick and transparent cross-border payments. TerraCredit DAO’s native coin is CREDIT-a digital currency that employs a Proof-of-Stake consensus mechanism as well as master nodes enabling a user to be a block producer and receive rewards for supporting the network. 

Terra Credit predominantly targets the world’s unbanked adult population, estimated to be worth in the trillions of dollars. The whitepaper describes CREDIT as “a viable replacement to cash and a rewarding option that is attractive to new users.” Terra supports CREDIT mining on the CREDIT wallet, which is very simple to use and compatible with smartphones or basic computers. Besides, the wallet automatically stakes users’ coin balances. 

About CREDIT

TerraCredit (CREDIT) is Terra’s native coin. As mentioned earlier, CREDIT leverages the Proof of Stake (PoS) Algorithm allowing users to become block producers and earn rewards. CREDIT tokenomics is as below:

Coin name: TerraCredit

Coin abbreviation: CREDIT

Current Market Price: $0.00519433

Market Cap: $475,161

Algorithm: Quark

Block type: Proof of Stake + Master Nodes

Block size: 2 MB

Block Time: 60 Seconds

Coin Emission Rate: Max. 20 CREDIT per block

Coin supply: 86 million coins

Pre-mine amount: 100 m coins

Burn amount: 14m coins

Privacy Technology: Custom zCredit

Masternode: 50,000 Credit collateral 

CREDIT Use Cases

CREDIT’s primary role is as a decentralised medium of exchange to facilitate blockchain transactions. To hold value and remain valuable, CREDIT employs network wallets that allow users to stake coins to support the network and earn new rewards. CREDIT also functions as a unit of account in the Terra ecosystem, thus offering a standard of measurement to exchange goods and services. Below are some use cases of credit.

  •  A global decentralised payment platform for the unbanked adult population
  • Source of passive income for block producers
  • Standard cryptocurrency for exchange and instant digital payment of goods and services via the Terra wallet app.
  • Facilitates instant, cheap, and decentralised cross-border payments. The transactions are absolutely free of charge. 
  •  As a long-term investment via staking in an online desktop wallet

Introducing zCredit

Terra’s latest product, zCredit, was launched on 4th September 2020. zCredit is a second layer built on top of the CREDIT blockchain to enhance privacy by facilitating private transactions. zCredit enables Terra users to keep their transactions private and untraceable, giving them anonymity and full control over their finances.

To use zCredit, Terra users would first need to upgrade their wallets to version 1.3.0.2. The next step is to convert (burn) CREDIT to zCredit in the wallet’s Privacy Window by clicking the “Mint” button after imputing the amount you want to convert. zCredit is automatically sent to your wallets after 20 confirmation blocks. A successful mint will be indicated by “Total xxx zCREDIT” on the Privacy Window’s right side.

If you want to switch to traceable transactions, it’s possible to convert zCredit to CREDIT. Simply click the “Convert back to CREDIT” button on the Privacy Window after indicating the amount you would like to convert.

While there are plenty of anonymous coins, notably Monero and Dash, TerraCredit is quite unique. It gives you the option to either conduct a traceable or untraceable transaction without shifting blockchain networks. Want traceable transactions? Use CREDIT. Untraceable transactions? Use zCredit.     

Final Thoughts

The crypto landscape is changing each day. The Johannesburg-based blockchain TerraCredit project has launched over eight products to cater to its enthusiastic users’ different needs. Its latest product, zCredit, is one of its kinds in the crypto space, enabling users to remain completely anonymous by supporting untraceable transactions. 

Better yet, the new product offers users the option to choose whether to stay anonymous by conducting untraceable transactions or carry out standard traceable transactions on the TerraCredit blockchain. Thanks to real-life products, TerraCredit will indeed transform the global payment space making it accessible to everyone, even the unbanked.

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this press release. 

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Amber Group Now Licensed to Operate in Hong Kong With Acquisition of Celera Markets Limited

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Amber Group Celera Markets Limited

The acquisition enables Amber Group to conduct relevant regulated activities under the auspices of Type 1, 2, 4, 5, and 9 licenses from the Hong Kong Securities and Futures Commission.

SINGAPORE, 14 June 2022 – Amber Group, a leading global digital asset platform, today announced its acquisition of Celera Markets Limited, a fully licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. The acquisition represents a significant milestone for Amber Group, as it continues to strengthen its product portfolio to bridge the gap between traditional and digital finance globally.

As a licensed corporation under the Hong Kong SFC, Celera Markets is a discretionary asset management firm that engages in traditional securities and derivatives brokerage services, with an emphasis on algorithmic execution spanning global venues and asset management mandates.

The acquisition leverages the synergies between Celera Markets and Amber Group, as the latter sets its sights on broadening its advisory and deals offering for financial instruments while adhering to the regulatory parameters set by the SFC. Through the acquisition, Amber Group has secured five types of SFC licenses – Type 1, 2, 4, 5, and 9 – which allows the company to carry out a broad range of services including advising on and dealing in securities and futures contracts as well as providing asset management services.

Amber GroupThis is a landmark moment for Amber Group amid an increasingly complex regulatory landscape in the finance industry. The acquisition strengthens Amber Group’s foothold in Hong Kong, a leading global financial center and one of the world’s most active and liquid securities markets, effectively widening the reach of the company’s products and services to legacy financial market participants.

“Hong Kong holds tremendous strategic value as a key global finance hub, and we are proud to be integrating the best from traditional and digital finance as we expand our presence in the market. As an asset management player with a decade-long track record, Celera Markets offers valuable market expertise and TradFi experience which is critical to our global mission to facilitate the convergence of TradFi and digital asset finance. This acquisition also marks a significant milestone in Amber Group’s commitment to regulatory compliance as we strive to build institutional investors’ trust and confidence in crypto assets. As we continue to hold ourselves to the highest compliance standards and win the trust of an SFC-approved institution, we look forward to welcoming a new era of finance in Hong Kong,“ said Michael Wu, Chief Executive Officer of Amber Group.

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Introducing the Next Generation of Trading: EmpireChain Announces Unique New Feature That Makes Profitable Peer-to-Peer Crypto Exchange a Possibility

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Empirechain

EmpireChain platform is a breakthrough development in the cryptocurrency and blockchain space. The new platform allows users to exchange currency and form a reliable trading community while earning profits by selling cryptocurrency at their own rates.

EmpireChain is now offering people a unique chance to enter the crypto space with confidence and start earning profits with little to no experience. The platform has introduced an innovative peer-to-peer crypto exchange feature that will break many boundaries, and open many doors for people who previously felt like they didn’t have enough money to invest in crypto.

In many African countries where people face a lack of online payment sources, EmpireChain will fill a big gap in the market by allowing easy online payment access to all users. By empowering a new generation of traders from all across the world, EmpireChain will diversify the cryptocurrency market with users who bring new dynamics to the table, thus becoming a stepping stone for the evolution of crypto.

Empirechain MabhenaEmpireChain founder Elson Mabhena has been proactively involved in the blockchain and crypto space since 2014.

He is passionate about helping people enter the crypto space and aims to spread his knowledge, skills, and his expertise to a large number of future crypto experts. Over the years, he noticed limitations in the crypto space that stopped some people from investing in cryptocurrency and making a profit. These limitations range from lack of money to be in a geographical location where reliable online payment options are not available, and many more. This gave Mabhena the idea to create a platform that is not only available to users from all across the globe but also allows them to exchange crypto, create a community and forge friendships with crypto enthusiasts.

A spokesperson for EmpireChain made an official statement for the press: “EmpireChain is an easy and innovative solution to the limitations and challenges that come with making a profit from cryptocurrency. For a long time, cryptocurrency has only been available to those who have a large amount of funds to invest, or those who have reliable online payment and crypto platforms available to them. With EmpireChain, a large demographic of people from many parts of the world will finally have access to crypto trading. They will also be able to take advantage of the peer-to-peer exchange feature to easily buy and sell currency.”

The spokesperson further explained the peer-to-peer exchange feature “Our peer-to-peer currency exchange feature is a profitable opportunity for traders who want to earn money daily by exchanging crypto or fiat on their own rates. EmpireChain gives users the freedom to use their trading skills to maximize their profits, which means ordinary people with no crypto background can enter the platform. By forming a community with like-minded traders, users can increase their trading knowledge while creating long-term business relationships that will be highly beneficial for them.”

With Arbitrage trading and convenient payments in local currencies, EmpireChain is also protected by Escrow to ensure that all users get their payments on time, without any delays or hassle. Furthermore, the company is also offering a unique giveaway for new users.

During its Pre-launch offer, EmpireChain is giving away free Shiba Inu coins to users who register on the company website and verify their details. This gives new users an opportunity to kickstart their crypto journey and start earning profits from the very first day.

Interested people can register now on the official company website at https://empirechain.net.

Twitter: https://twitter.com/EmpireCryptoTv

Instagram: https://www.instagram.com/empire_crypto_tv/

Youtube: https://www.youtube.com/c/EmpireCryptoTv

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Conflux Labs x ChainIDE: Hydra Developer Bootcamp

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Hydra Developer Bootcamp

Co-hosted by the Conflux Network and ChainIDE, the Conflux Labs x ChainIDE: Hydra Developer Bootcamp is launching its opening ceremony starts on April 2nd at 1 p.m. UTC+1. In providing cutting-edge knowledge to African developers, the Bootcamp is free to participate with a 7000$+ prize pool to be claimed.

The event is expected to provide African developers with a four-week free course, covering topics from in-depth Africa crypto industry analysis to intensive developer courses for all-level developers. The topics of the courses also cover the most trending fields like Metaverse, Web3.0, and multi-chains, providing both theoretical and practical knowledge to future Web3ers.

Guest speakers of the event include industry pioneers of blockchain technology and the African crypto market, amongst them, will be present the CEO of White Matrix, Global Expansion Manager of Conflux Network, founder of ChainIDE, founder of Lead Wallet, founder of Cassava Network, CTO of Quidax, founder of Blockchain Nigeria User Group, as well as the co-founder of GIGx. More industry pioneers are to be discovered in the short future.

ChainIDE is the world’s first cloud-based multi-chain blockchain IDE and has hosted multiple bootcamp events in collaboration with industry leaders including Binance. ChainIDE supports more than 10 well-known blockchain ecosystems including Facebook Diem, AntChain, Ethereum, and Huawei Kunpeng. So far, ChainIDE has helped developers in more than 185 countries, providing over 8.5 million smart contract compilation services and 70 million blockchain middleware traffic.

Conflux is committed to building next-generation blockchain infrastructures, and the Conflux network uses a scalable consensus algorithm based on the tree-graph structure. This solves the problem of wasted computing resources and reduced security caused by forking in highly concurrent networks so that consensus is no longer a bottleneck for blockchain performance. It is worth mentioning that the Conflux network has achieved a high throughput of 3000+ TPS without sacrificing any degree of decentralization, making it an industry pioneer.

Event Registration:

https://docs.google.com/forms/d/e/1FAIpQLScx-OzoePNhf4-w7uo6SAEPT_Ckw9JH7VccyuIq_9askqWF9w/viewform

Latest bootcamp info:

https://t.me/ChainIDEAfrica

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