TerraCredit: an effective alternative to cash


Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving on, the project I’m going to present you is Terra-Credit (https://terra-credit.com), a new project that aims to use the Proof of Stake (PoS) protocol as a better alternative that does not decide the longest chain based on hash power, but uses wallet balance and currency maturity to determine the next producer.


In more detail, Terra-Credit(https://terra-credit.com) is an open source, decentralized, blockchain-based cryptocurrency that uses advanced PoS technology to provide users with a new level of convenience and accessibility. In addition, Terra-Credit’s ecosystem allows the community to rule over the currency, giving scalability to the network and making the currency truly fuginable and with a high level of privacy. Through its coin distribution program, its producers are more numerous and decentralized, unlike most blockchains that use PoS.


Its main goal is to be an intermediary to manage transactions and avoid double spending, helping decentralized platforms to allow users to send and receive payments without the need for third parties.

How does it work?

1. Terra has designed Credit (CREDIT) to offer free and fast Blockchain-based payments.

2. Credit employs Proof of Stake which allows any user to become a blockchain producer.

3. Block producers support the network and are rewarded with new coins for doing so, this feature replaces traditional mining which is expensive and complicated.

4. The Credit wallet automatically “bets” on users’ coin balance, allowing them to become block producers and earn rewards for maintaining the Credit blockchain. This creates a legitimate, passive income stream without the need for expensive equipment and technical expertise.

Main features


Credit has been designed as a decentralized finance platform, dedicated to digital payments. Credit’s most important function is to serve as a medium of exchange to facilitate digital transactions. The main uses of TerraCredit are as follows:

  • As a payment platform
  • As an incentive for third-party producers
  • As a normal cryptocurrency
  • As an alternative to cash
  • As a long-term investment
  • As an international payment method

Bounty program

The project gives the opportunity to earn Terra-Credit tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (BTT_Thread_TerraCredit), where you can access the link in order to see what are the conditions to become an early CREDIT contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (TerraCredit_WP). You can also stay tuned in their official Telegram Channel (https://t.me/terracredit). I hope you liked the post and soon I’ll send you new ones.

Token details

Token Name: CREDIT

Block Type: Proof-of-Work/Proof-of-Stake

Total supply: 74,800,000,000 CREDIT

Social Media Links

Whitepaper: https://terra-credit.com/wp-content/uploads/2020/03/whitepaper.pdf
Facebook: https://www.facebook.com/terrabitofficial/
Twitter: https://twitter.com/terracredit
Telegram: https://t.me/terracredit

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Author Details

Email: adria.parcerisas.albes@gmail.com

Bitcointalk username: adriaparcerisas

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482

Terracredit blockchain ID/username: adriaparcerisas

Terracredit wallet: TVzY5MHFv5frGe33m2JXXSiDyLPJsKnELZ

Bitcointalk Proof of Authentication link: https://bitcointalk.org/index.php?topic=5320635.msg56552804#msg56552804

Ph.D. ML and AI | Blockchain Technology and Cryptocurrency Expert

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