The Tectum softnote wallet is part of the Tectum blockchain ecosystem. It is designed to offer a seamless & secure way to manage cryptocurrency assets.
The softnote wallet is a versatile and user-friendly tool designed to manage both softnote bills and various crypto assets.
Softnote: Fee-Free Crypto Payments with T12
Tectum softnote bills is a payment system with instant payments and zero fees. Tectum softnote bills integrate the T12 protocol to enable users to send crypto for free. T12 is a token standard for sending cryptocurrencies on the blockchain. So, Softnote enables these payments by transferring wallet ownership and keys, making the process faster.
Users then change ownership of softnote to receive the payments. People can transact between themselves by using a QR code and a passcode. Once the receiver scans the QR code and enters the passcode from the sender, they automatically get ownership of the asset.
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Here are some important features:
- User-Friendly Interface: The wallet is designed to make it easy to navigate, making it accessible for both beginners and experienced users.
- Separate section for bills and crypto: The wallet is divided into two sections “My Bills” for managing softnote bills & “my crypto” for handling cryptocurrency assets.
- Minting & Liquidity: The softnote web wallet includes a mint house feature, allowing users to mint SoftNotes and provide liquidity to the ecosystem.
My Bills
In the X-port ready area, we can manage the softnote bills. This includes sending bills to others and depositing them into the wallet.
Softnote Wallet
Softnote wallet is a unique payment platform that functions like a virtual card allowing you to purchase with partnered merchants. Currently, within the wallet, you can access your softnote pay balance and transaction history.
Under the wallet, we have multiple sections Handover, Import, Request to pay & export.
Here are other important features:
- Handover: You can easily transfer softnote bills to other users. Simply choose the cryptocurrency, enter the amount, enter the recipient’s tectum ID or email ID, and send them instantly.
- Request to pay: You can easily request for the payment from this tab simply select the cryptocurrency, enter the amount, and finally enter the tectum ID or email and request for the payment.
- Export: The export function is used for burning the bill and exporting it from off-chain mode. By selecting the denomination & number of bills, we can easily export them.
Crypto wallet
This section is where you can securely manage your cryptocurrency holdings. Whether it’s Bitcoin, Ethereum, or other supported digital assets.
Send
Easy to send crypto to other users. Simply select the crypto, enter the receiver’s wallet address, specify the amount & choose the network fee. The process is straightforward, ensuring transactions are completed efficiently.
In the send tab, a network fee timer is also added. This timer displays how much time remains until the network fee amount updates. So, keeping an eye on the clock you can potentially save on fees by sending the funds at the optimal time.
Deposit
Under this tab, you can deposit cryptocurrency into your wallet by copying the unique wallet address or by scanning the provided QR code. Once you have the address, you can send funds from an external wallet or exchange to your softnote wallet & this process is seamless, making it easy to add funds to your wallet.
Softnote as a layer 2 serves instant transactions without the high fees typically associated with traditional networks. Further, transfers within the softnote wallet are processed at a fraction of the cost of standard on-chain Bitcoin transactions, thus making it an attractive option for both personal and business use. In terms of security, the wallet leverages Tectum’s proof of utility consensus and zero-knowledge proof mechanisms to ensure high security and privacy.
Use Cases
- Retail Sales: ideal for online retail sales due to its low transaction fees and instant transactions.
- Personal transfers: suitable for personnel currency transfers, offering a cost-effective and quick solution.
Conclusion
The softnote wallet is a user-friendly tool designed to manage softnote bills and various crypto assets. It features a smooth interface, separate sections for bills and crypto and a mint house feature for liquidity. The wallet functions like a virtual card, allowing users to make purchases.
With partnered merchants. It has multiple sections for handling bills, requests to pay and exporting. Softnote serves instant transactions without high fees, making it an attractive option for both personal and business use.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
