ABOUT TERA PLATFORM

TERA is actually a new re-invention of the blockchain protocol, which allowed to create a fully decentralized and high-performance blockchain platform for the development of DApps in JavaScript. In this case, the blockchain has a built-in cryptocurrency Tera, transactions on the network are free, and all DApps are stored inside the blockchain.

Decentralization is implemented by PoW consensus at the expense of almost unlimited number of block-producers (hundreds of millions), and speed from 1000 tps and confirmation of 5-8 seconds due to connection of nodes with each other in the form of a multidimensional regular grid and fast delivery protocol of blocks. The new merged sharding protocol allows us to add new chains without losing network security, increasing the total network speed to 1 million transactions per second.

TERA Protocol

Traditional blockchains do not use the ordering of nodes with each other. This random organization of links does not guarantee fast delivery of blocks between all nodes. In Tera, nodes organize themselves into an orderly manner of communication.The blockchain takes no longer than 3 seconds to deliver data from the 1st node to the last one. To achieve this, the nodes are connected to each other in a special connection, based on the similarity of the addresses of nodes with each other.

Traditional Blockchain

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TERA Blockchain

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Features

True decentralization

TERA is a truly decentralized blockchain with almost unlimited number of blockchain manufacturers (hundreds of millions). It is not 20/40 nodes as blackany made by consensus of the DPOS. We don't have to pay to create your node and we don't have to vote to become the node that creates the blocks. We have free entry, we have PoW consensus.

High Transaction Throughput

Tera blockchain supports 1000 transactions per second, and the block is created every second, while maintaining all the functions of the classic blockchain and providing great opportunities for further development and seamless integration with the existing infrastructure, as well as with new technologies.

User-friendly

Coins are stored in accounts similar to Bank accounts. Account numbers (ID) have a short name. To verify the correctness of the payment, each account has a public name. You can assign a smart contract to each account to manage it intelligently. The system provides safe and easy management of your financial assets.

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Double Spending Protection

In the Bitcoin network, to protect the user against double spending, it is necessary to wait for at least 10 minutes, sometimes 1 hour. In the Tera network, blocks are created every second, and the first confirmation time is 8 seconds, but if you want the same degree of reliability as in the Bitcoin network - you need to wait for the same duration. The duration of time you wait correlates to the degree of reliability. There is no magic here; in any PoW algorithm, you exchange time for reliability. In TERA, we have made a more flexible choice. You can wait 8 seconds, 1 minute, or 1 hour (if, for example, transferring sums worth millions of dollars).

Protection from DDoS attacks

Each block has a limit of 130 KB; the average transaction size is 130 bytes, so an average of 1000 transactions per block is placed. Each transaction must have a PoW field, which records the work done to calculate the hash. This field is used to determine whether or not this transaction is included in the block. It must be at least a certain value and must be sufficient to compete with other transactions. Only the first (approximately) 1000 transactions with the highest PoW values are included in the block.

TERA DApps

This is the next generation of smart contract development, any service can be implemented as a decentralized program that does not require a centralized server for hosting (serverless technology). The original script of the program is not available for modification by third parties and is free from censorship. They can work forever and belong to no one. Thanks to the static calls of smart contracts, you can use the blockchain directly as microservices, this allows you to use the blockchain in real life without installing any programs.

Specification

Max Supply
1,000,000,000
Launch date
Jul-01-2018
Consensus Protocol
POW
Cryptography
sha3, secp256k1
Smart contract language
JavaScript
Block Size
130 KB
Pre-mine
5%
Source Code
gitlab.com or sf
Platform
NodeJS

NEWS

30.11.2019 We pushed version 0.1352 The new version introduced a new scheme of work with a sandbox for the runing smart-contract code. We are grateful to the Geek Hach team, which is engaged in the search for vulnerabilities in our blockchain.

18.11.2019 We get list to next exchange:https://support.gj.com/hc/en-us/articles/360036039271--Deposit-For-Free-Listing-TERA-Will-be-Listed-on-K-Section

18.10.2019 TERA-SHARDING:


14.10.2019 To improve the security of software code, we announce the launch of Bug Bounty. Find a critical bug (vulnerability) and get 100 000 TERA for each.

  • Critical bugs are bugs that allow:
  • 1. Stopping the blockchain network
  • 2. Theft of money from user accounts

Bug should be reported confidentially to progr76@gmail.com or telegram @progr76


23.09.2019 We launched IDE for developing decentralized applications on the blockchain. The development environment includes a virtual blockchain. See: https://terawallet.org/dapp-edit.html

23.09.2019 New article: Tera creates financial instruments for the economy without borders


18.09.2019 News about DApp 86. ShadowBank At the time of the event to fill with coins, we zero fee for withdrawal (transfer to other accounts). The fee prior to November 18, 2019 will be equal to zero.

16.09.2019 Start of the campaign to fill the Bank of anonymous payments. The largest Deposit will receive a bonus of 100 thousand TERA (provided that it will not be withdrawn within 1 month). The result will be announced anonymously in 2 months.

14.09.2019 New article: Anonymizing transactions Using Crypto-Mixer: The TERA way

11.09.2019 We have launched anonymization of payments in the main-net. See dApp 86.Read description

11.09.2019 Added new exchange - Bitfex

30.08.2019 We are launching a dApp ShadowBank in testnet that provides anonymous payments. Read more...

21.08.2019 New article: TERA: CRYPTOCURRENCY WALLET, TYPES, ACCOUNT CREATION

11.08.2019 Alternative Web-wallets:

30.07.2019 Mobile wallet for Android https://play.google.com/store/apps/details?id=com.terafoundation.wallet

30.07.2019 Mobile wallet apk-file for Android https://terafoundation.org/files/wallet.apk

16.07.2019 The official new address for Explorer: https://teraexplorer.org

08.07.2019 The official new address for Web-wallet: https://terawallet.org The old wallet address will still work for a while, we recommend going to the new address (copy the private key).

08.07.2019 New article: Protection blockchain from DDOS Attacks

06.07.2019 From 32000000 block TERA blockchain activate new emission model

04.07.2019 Tomorrow (05.07.2019) we plan to update the TERA network. The update will affect the change of block reward starting from 32 million block. The update is strictly mandatory. See future Tera emissions: https://terafoundation.org/emission.html

30.06.2019 New version of web-wallet with mobile first design: https://terafoundation.org/web-wallet.html

13.06.2019 TERA: Step-by-step instruction for node installation with additional tips

11.06.2019 Press release on ccn website: https://www.ccn.com/tera-blockchain-platform-announces-launch-of-pioneering-teranova-update/

03.06.2019 Added DApp/Smart-contract creation web-page

30.05.2019 Hotbit exchange has launched listing TERA today, on May 30th.

22.05.2019 TERA Team takes part in the RUSSIAN TECH WEEK 2019 blockchain conference and exhibition at the Skolkovo Innovation Center

21.05.2019 TERA added on CMC: https://coinmarketcap.com/ru/currencies/tera/

21.05.2019 A mobile version of the wallet has been created. Now in test mode (in the release version will be added to the page with DApps and will be uploaded to App stores) https://terafoundation.org/mobile-wallet.html

13.05.2019

AMA with BigOne: https://discord.gg/YMZczXr

01.05.2019

New article: https://medium.com/@erjcan_55435/meet-tera-probably-the-fastest-blockchain-out-there-ee318b4dc49

25.04.2019

Article: https://medium.com/@evkara777/decentralized-applications-on-tera-platform-2aa56b597ae9

21.04.2019

Today is another continuation update TeraNova:

  1. In order to reduce the size of the database for new nodes, a new format of the database for storing block headers has been added (the functionality is disabled by default, activation will be performed in the next updates). 2.Changed the calculation of the hash of the transaction signature. To facilitate the integration of the Tera in other programming languages, starting with 25.5 million block hash signature will be taken by the sha3 algorithm.

The update is mandatory for all nodes.

13.04.2019

Now the Web wallet supports 5 languages: English, Chinese, Korean, German, Russian. If you want to add a new language, download this JSON file, perform the translation and place it on the telegram channel @TeraLab

11.04.2019

On April 9 and 10, 2019 TERA Foundation team took part in the conference on innovation, marketing and business "POTOK". The event was held in Russia, Moscow. https://potokconf.ru/ From now on, we will try to participate in all conferences that may be of interest to us.

05.04.2019

TeraNova - Step1

https://medium.com/@progr76/update-teranova-31dd3380f25c

29.03.2019

The test network was updated to version 0.980 Added the ability to load the blockchain chain from the end, a special constant is responsible for this. If the value is non-zero, the difference between the current blocks calculated based on the current time and the number recorded in the database is checked when the node is unsynchronized or restarted, if the difference is higher than the required value, the nearest table of residues is loaded from the network and the rest of the block chain is loaded from it.

By default, the value is set to 10000 blocks.

"REST_START_COUNT": 10000

26.03.2019

The solution to the problem of Blockchain Sharding

https://medium.com/@progr76/the-solution-to-the-problem-of-sharding-the-blockchain-ee90e001e22


23.03.2019

We are starting to create DAO.

Please give feedback https://discord.gg/2dwydVh


23.03.2019

The parametric diagram-calculator of the future new formula

https://terafoundation.org/emission.html

Params:

  • Point 1- start new formula
  • Point 2- approximating point
  • KTera multiplier in the new formula of payment of awards

Formula: One billionth of the remainder of undistributed amount of coins multiplied by constant KTera

Reward=KTera*Account0/1000000000

21.03.2019

New blockchain desynchronization detector test

  • Note from 08.04.2019: Now its work in main-net

The test network begins the test of a new detector for determining the desynchronization of the blockchain from the main chain. If the last 10 blocks are created by their own node, then their POW should not differ more than 10 times from the previous blocks, otherwise the forced synchronization of the blockchain with the network is started. Settings can be changed-new constant added:

  "RESYNC_CONDITION": {
    "OWN_BLOCKS": 10,
    "K_POW": 10
  },

Roadmap

Oct 2018
  • Smart-contracts
Nov 2018
  • Decentralized forum
  • Decentralized stock exchange
Dec 2018
  • Web wallet
2019
  • Android/iOS Wallets
  • Creation of IDE for DApps development
  • Creating DApp for anonymous payments
  • Research to increase transactions with sharding up to 1 million tps
  • Creation of financial instruments for actions on tokens: futures, options, pawnshops
  • DHT technology support
  • Domain name support (.tera)
  • Gateway to the decentralized internet (web3)
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