What blockchain does Launchpad TG DAO 3.0 use?

Blockchain TechGen is a chain of cryptographically linked blocks. For the development of this blockchain, time-tested solutions of classic blockchains were chosen. However, widespread blockchains have some problems that, in the absence of solutions, will lead to the degradation of the blockchain base in the future, for example, the security of PoW blockchains is achieved at the cost of their scalability and availability. A limited amount of data can be included in the Ethereum 1.0 block since each block is mined sequentially. If the number of transactions in the queue exceeds the available block space, then the remaining transactions will have to wait for the next block. Therefore, Ethereum can only process 7–15 transactions per second, and any truly successful and widespread application can paralyze the operation of the entire network and inflate the level of transaction fees.

Another problem with PoW is the centralization of mining. The barrier to entry is high and this makes the industry as a whole less competitive and some smaller cryptocurrencies more vulnerable to certain types of attacks like 51% attack or selfish mining. In order to extract profit from mining, novice miners need to buy specialized equipment, have access to cheap electricity and the ability to work on a fairly significant scale.

As a result, PoW mining is a largely oligopolistic market that discourages small players and individuals from receiving block rewards.

TGDAO’s own decentralized finance platform, which ensures the security and control of our financial system. The ability to attract capital from investors on favourable terms, and the latter, in turn, receive passive income from cryptocurrency assets. Pharming and staking will be available on our platform.