Cryptocurrencies had a great year in 2021. In this period, we have seen the market go from being classified as a billion-dollar economy into a trillion-dollar economy. Aside from that, cryptocurrencies are gaining visibility in the mainstream world with, for example, El Salvador's adoption of Bitcoin as the official digital currency. As a result, investors are looking for the "new Bitcoin" on the market, hoping to find a great alternative in so-called altcoins. Unfortunately, many traders value an altcoin exclusively…
It’s a no-brainer that the current blockchain space is heavily infiltrated with a myriad of projects. Even with a wide range of crypto projects, the blockchain ecosystem is yet to realize its full potential thanks to short-lived crypto projects, low adoption rates, and poor public attitude towards the space. What’s more, the blockchain ecosystem is grappling with several issues, notably low credibility owing to massive scams and fraudulent activities, lack of consensus in regards to regulatory frameworks.
Tsar Network is an ambitious project that seeks to change this narrative by providing a highly trusted and reputable blockchain network that focuses on real-world utility. The project, built on the principle of user-friendliness, security, scalability, transparency, and compliance, encompasses a host of functional, meaningful, and accessible features. Here’s a review of the Tsar Network.
About Tsar Network
The blockchain space is full of thousands of redundant projects. Some of them have no use case and only issue valueless tokens. Most blockchain developers fail to develop an actual utility for their projects. Furthermore, some of them are merely pyramid or Ponzi schemes. These projects offer get-rich-quick promises to their users. And, they end up being rug-pull scams leaving investors counting unprecedented losses. Lastly, the issue of complexity prevents the general public from using them. Simply put, these projects are too technical for the common investor.
Tsar Network looks to solve these hurdles, which continue hampering the growth of the blockchain space. The project essentially integrates a drag-n-drop contract builder to enable front-end developers and even non-tech users to design smart contracts and not code. What’s more, the project aims to slash dApps development and deployment complexity to facilitate blockchain adoption in daily life.
The project aims to fight the technological barriers that can discourage non-technical people from comfortably using and entrusting a blockchain-based system. For non-technical users, the project implements a zero-code approach. Simply put, this enables them to focus on issues that matter instead of on the complexities of code.
Tsar Network Development Team
Tsar Network development team comprises international, multicultural and multi-disciplinary experts from different fields, including information technology, retail, stock market, finance and legal backgrounds. CEO Natalie Webb leads the team. Furthermore, she holds an MSc and MBA degree with more than ten years of executive experience in business strategy development. Other team members include Lucia Cermakova, the Chief Marketing Officer; László Kertész, the Chief Technology Officer; Xian Terrence, Lead Blockchain Developer; Uthman (Sunny) Hassan, Lead Frontend Developer, Sohrab Mohajeri, UI/UX Developer; Chris (KMS66) Gundermann, Lead NFT Artist; Lennart Ukenings, DevOps Engineer; and Katja Grunert, NFT Designer and Artist.
The team members have a wealth of experience in their respective fields with a reputation of honesty and transparency. The team members operate from their headquarters in London, UK. Also, they have passed the necessary verification.
The Tsar Ecosystem
The Tsar ecosystem is all-inclusive for all the trading needs of its users. The platform allows you to save, lend, donate, raise funds and trade cryptos, all under a simple, secure, and intuitive interface. The Tsar Ecosystem encompasses three key components: Frontend, TsarChain and TsarToken.
The frontend encompasses a suite of blockchain-based financial applications that are practical, affordable, user-friendly and secure. The frontend functions just like any conventional app you use daily. It conceals the technicalities of blockchain technology, allowing both techies and non-techies to use the platform seamlessly. The frontend beta should launch in 2022 Q2.
The TsarChain powers the TsarNetwork and it is still under development. Also, the project should launch its testnet in 2023-Q3. Above all, the TsarChain will be a green blockchain with the lowest possible carbon footprint. Furthermore, it will provide lightning speed, optimal security, and the lowest transaction fees.
- Smart Contracts – TsarChain operates on smart chains, which are transparent, immutable, and cost-effective. Also, they are self-executing agreements without the need of third party intermediaries.
- Decentralized Storage – The chain encompasses a geographically-decentralized data architecture. This way, it reduces latency, eliminates SPOF, and prevents malicious attacks.
- Digital IDS – The Chain operates with ISO compliant on-chain IDs. They can optionally bind with real-world identities. Also, they can set up the trust within the ecosystem without the need of third-parties.
- Hybrid Consensus – The chain employs a multi-chain structure featuring modified versions of BFT and POS. Also, these ones run simultaneously at different hierarchies. Therefore, the system goes a long way in maintaining integrity and security.
- Local and Global Scopes – It’s possible to bind transactions with demographic regions on the chain by using digital IDs with scopes. This way, the mechanism boosts speed by limiting computations within different sub-regions of the network.
- Scalability – TsarChain is highly scalable owing to on-chain sharding with additional off-chain mechanisms, such as isolated scopes.
- Translation Engine – The Tsar’s unique translation engine and reference framework allows contracts written in different languages to interact with each other.
Initially a BEP-20 token, TsarToken is the fuel behind the Tsar Ecosystem. It will be useful for payment of different services across the platform. Token has a capped supply and implements a continuous burn mechanism to decrease total coins in circulation that will enhance its value over time. Once the Mainnet goes live, all BEP-20 tokens will be swapped one-to-one with native Tsar tokens on TsarChain.
ICO Funds Allocation
Liquidity: 60% of Presale
Legal and Compliance: 05%
Services Offered by Tsar Network
Tsar Network aims to be an all-in-one platform offering several services, including:
Tsar Network allows users to buy, sell and auction anything decentrally and anonymously. Users can access the Tsar global market freely, easily and anonymously with full control over the prices of goods and services. Sellers can interact with customers by running promotions, providing discounts and giving rewards.
Escrow facilitates safe transactions among anonymous parties. It creates a safe environment for transacting without the risk of scams or chargeback. Furthermore, the escrow can lock users’ coins until the transaction is complete without devaluing them.
Wowser is a secure wallet and browser. It allows users to buy, sell, swap, or hold crypto and convert from/to fiat with full security. Users can run dApps efficiently, plus explore transactions on any blockchain.
Tsar Network enables users to tokenize their creations as unique assets on TsarChain. Owners can sell their unique NFT creations and make money.
Tsar Network is the most user-friendly and developer-friendly blockchain project ever made. The code library is essentially a drag-n-drop builder that enables developers to publish templates that endusers can replicate into an instant real contract with zero coding skills.
Tsar Network Governance
Tsar Network will operate under strict community governance. For example, the community members will vote on Governors, who play a critical role in assuring essential blockchain functions. Also, they will control bookkeeping and block generation. Lastly, they will decide on the modification of network parameters and other critical elements of the project.
Tsar Network Roadmap
Tsar Network is currently conducting its Initial Coin Offering (ICO) to raise funds for the project. The ICO kicked off on October 29, 2021, and should end on December 14, 2021. The price of TSAR tokens during the presale is 247525 TSAR per BNB, with only 600M TSAR available for sale. Users who purchase TSAR worth $1000 in presale stand a chance to win an all-electric Ford Mustang Mach-E.
After ICO, Tsar Network is expected to launch its first few beta products in the second quarter of 2022. However, it will be available to a select number of ICO participants before reaching the general public. These participants have to identify usability friction, bugs, and performance testing. Lastly, once the Mainnet goes live, all BEP-20 tokens will be ready for one-to-one swaps with a native token on TsarChain.
At the moment, Tsar Chain is still under development and testing. Also, the testnet should launch in the third quarter of 2023.
The mainstream adoption of blockchain technology has hit technical barriers, lack of transparency, security breaches, and hostile regulators. Only 1% of the world’s population is currently using blockchain technology. That’s because blockchain-based platforms focus on developer use and less on non-technical users.
Tsar Network will be the world’s first blockchain platform with a drag-n-drop contract builder. This way, it should be more beginner-friendly. Also, the platform leverages a zero-code approach in its ecosystem. So, it will be easy to use by both developers and common users.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More