A Glimpse into Titan: The Next-Generation Blockchain Built on Cosmos
The Tokenize Xchange native emblem, TKX, started its Initial Coin Offering (ICO) in 2017, with a maximum total supply of 80,000,000 TKX, built on the Ethereum source code. TKX runs on the ETH blockchain and has numerous utilities such as trading discounts, staking yields, IEO launchpad, NFT marketplace, etc.
As the number of users and transactions continued to grow exponentially, there was a need to develop our own blockchain – one that would properly develop a protocol that is compatible with each jurisdiction’s governance and regulation, and yet be harmonious with our existing business.
To provide a scalable and customizable solution for Tokenize Xchange, the Titan Blockchain (Titan) was developed.
Titan aims to become a revolutionary EVM compatible L2 that focuses on being regulatory compliant and having licensed partners as validators.
What is Titan?
Titan is a next-generation, EVM-compatible blockchain built on the Cosmos SDK, designed to offer a secure, decentralized, and scalable platform for smart contracts, decentralized applications (dApps), and digital assets. By leveraging the interoperability and modularity of the Cosmos ecosystem, Titan aims to bring the benefits of Ethereum’s smart contract functionality to a wider audience while addressing the limitations of existing blockchain platforms, such as scalability, energy consumption, and high transaction fees.
The growth of decentralized finance (DeFi), NFTs, and other blockchain-based applications have highlighted the need for more efficient, scalable, and secure platforms. Ethereum, the leading smart contract platform, has faced challenges related to network congestion, slow transaction speeds, and high gas fees. Titan seeks to address these challenges by offering an EVM-compatible blockchain based on Cosmos SDK, allowing for seamless integration with existing Ethereum dApps while benefiting from the advanced features of the Cosmos ecosystem.
Titan aims to achieve the following objectives:
- Provide a secure, decentralized, and scalable platform for smart contracts and dApps.
- Ensure EVM compatibility for seamless integration with existing Ethereum applications.
- Enable fast and low-cost transactions through efficient consensus mechanisms.
- Foster interoperability with other blockchain networks through the Cosmos ecosystem.
- Promote energy efficiency and sustainability in the blockchain space.
- Encourage innovation and growth in the DeFi, NFT, and other digital asset sectors.
Titan’s technical foundation is built on the Cosmos SDK, a modular framework for building blockchain applications. Key features include:
- Tendermint Core consensus engine: Titan uses the Tendermint Core consensus engine, which offers high performance, Byzantine Fault Tolerance, and low energy consumption.
- EVM compatibility: Titan incorporates the Ethermint module, enabling EVM compatibility and allowing developers to deploy existing Ethereum smart contracts and dApps with minimal modifications.
- Inter-Blockchain Communication (IBC) protocol: Titan supports the IBC protocol, enabling seamless communication and asset transfers with other Cosmos-based chains and compatible networks.
- Staking and governance: Titan will implement a native staking mechanism and on-chain governance, allowing stakeholders to secure the network and participate in decision-making.
Titan’s EVM-compatible blockchain can support various use cases, including:
- Decentralized finance (DeFi): Titan can host DeFi applications such as decentralized exchanges, lending platforms, and stablecoins, offering faster transactions and lower fees compared to existing platforms.
- Non-fungible tokens (NFTs): Titan’s efficient and scalable infrastructure makes it an ideal platform for NFT marketplaces, gaming platforms, and digital art galleries.
- Supply chain management: Titan can facilitate traceability and provenance tracking in supply chains, promoting transparency and accountability.
- Decentralized identity and data management: Titan can enable secure, user-controlled digital identity and data management solutions, empowering individuals to control their online presence.
Titan represents a promising solution to the challenges faced by existing smart contract platforms, combining the strengths of Ethereum’s EVM with the cutting-edge features of the Cosmos ecosystem. By offering a secure, scalable, and interoperable blockchain, Titan aims to fuel innovation and growth in the DeFi, NFT, and other digital assets
Click HERE to become a Titan Validator now.
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.