What is Tierion (TNT)?
Future of TNT Cryptocurrency and know how to buy TNT

#1 – What is Tierion?

Tierion – The Basics

Some of Bitcoin’s chief shortcomings were its scalability, high cost of anchoring data, and time inaccuracy.

  1. Tierion is a cryptocurrency that resolves all these flaws. It uses blockchains to enable its users to store, share and verify huge amounts of data in a single, fast transaction.
  2. Tierion works with over 500 apps to provide its chainpoint proof database for data anchoring.

Tierion Development

  1. Tierion was founded in 2015 by Wayne Vaughan and Jason Bukowski.
  2. Vaughan is credited as the creator of one of the first platforms for SaaS marketing automation.
  3. Bukowski also has experience of over 20 years in the development of scalable software.

 

#2 – What are the benefits of Tierion?

Tierion Technology

  1. At the core of Tierion’s technological infrastructure is the Chainpoint Proof protocol. The protocol comes into play when a user adds something in Tierion’s data store. Chainpoint, an open standard and Tierion’s API, anchors the data to the blockchain in order to generate a timestamp proof.
  2. With its highly scalable architecture, Chainpoint has the ability to create million of proofs per second. It scales with more usage - with throughput increasing as nodes join the network. At the same time, it is designed to remain free or inexpensive for network participants.

  3. Chainpoint adds accuracy to its proofs by collecting data from Network Time Protocol (NTP) servers and the National Institute of Standards and Technology (NIST) and linking anchors to both the Bitcoin and Ethereum blockchain.
  4. A hash is the cryptographic version of any data. As soon as a hash is submitted, the timestamped proofs are instantly processed. It also anchors the data to Bitcoin and Ethereum blockchains immediately.
  5. Since the network is linked to a separate, global calendar, anyone can independent audit and verify the authenticity of the data on its network. This is something the chainpoint nodes do periodically, by verifying hashes, generating and receiving partial proofs and more.
  6. Since a single data point can be linked to millions of proofs, the costs plummet to near-zero for participants.
  7. With data centers on the network located all across the globe, the chances of a downtime are reduced to near-zero as well.

  8. The Tierion Network Token (TNT), or Tierion token, serves two primary functions:
    - It is a method of settlement between parties on the Tierion network to access network resources.
    - It works as an incentive for network participants to secure and operate the Tierion network.

Features

  1. Immutable Records: Tierion provides an immutable system of record-keeping for sectors like healthcare, corporate, legal, and inventory management.
  2. Customer Data: With Tierion’s Chainpoint Proof protocol, companies have the option to safely store their customer data without much expenditure on KYC.
  3. App Integration: Tierion has partnered with Zapier to integrate over 500 apps and online platforms to its data store. You can now integrate software and mobile applications to its system.
  4. Data Integrity: Tierion’s global mechanism offers an assurance of the data’s accuracy and consistency. This keeps the data protected from hackers and internal threats.
  5. Verification: Chainpoint employs multiple trust anchors and trusted timestamps in every proof to create accurate verification.

 

#3 – How to buy and store Tierion?

Tierion uses its token TNT as a means of settlement between two or more parties on the network. It is also used as an incentive to encourage the participants to operate the network. Node operators, for instance, are compensated through TNT tokens for their work.

How to buy Tierion

Tierion started the distribution of its token in August 2017. It is available for trade on cryptocurrency exchange platforms like CoinClarity, HitBTC, CoinCodex, and Coinbase.

  1. CoinSwitch, as the largest cryptocurrency conversion platform, offers you to exchange your cryptos for Trierion. You have the option to go through over 45,000 pairs of crypto exchange to choose your preferred one.
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your TNT cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

Storage

TNT is an ERC20 token. It can be stored in any Ethereum wallet, such as MyEtherWallet, Mist, and others. You’ll have to download the wallet and finish the setup process. Add some ETH currency in order to perform the exchange. Trade this ETH for TNT tokens and your safe storage is ready. Hardware wallets like Trezor and Ledger Nano S also support TNT token storage.

 

#4 – What is the future of Tierion?

  1. In the three years of its foundation, Tierion has already joined hands with some big names like Philips’ Blockchain Lab, Microsoft, and Accredible. It has also upgraded the Chainpoint Proof protocol to version 3.0. The Tierion Network, which has enabled a global network for the company, is in play as well.
  2. The company was awarded the 2015 Consensus Makathon for its team’s competent work.

Also Read: Complete Analysis of Tierion | Live Tierion (TNT) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

July 01, 2018

0.040782

0.045764

0.040782

0.043789

1,151,690

17,474,500

June 01, 2018

0.075993

0.078442

0.074690

0.076517

1,375,660

32,561,400

May 01, 2018

0.141905

0.141905

0.132357

0.138340

2,838,190

60,803,600

Mar 01, 2018

0.108434

0.122285

0.107435

0.118191

2,711,420

46,462,000

Dec 01, 2017

0.074873

0.080224

0.072182

0.078661

14,057,800

31,634,900

Sep 01, 2017

0.212660

0.232156

0.181456

0.194102

2,189,470

74,430,900

 

#5 – How is Tierion different from other cryptocurrencies?

  1. Tierion is placed in a good position in today’s market. Its closest competitor is Factom, providing solutions for the same problems as Tierion. Factom, however, processes only 47 transactions per second, which is much lower than Tierion’s unlimited data processing capacity per second.
  2. It also has the upper hand in terms of costs related to transactional fees. At the same time, Tierion fulfills many functions like:

- Business audit trail

- Document timestamping

- Verification of credentials and data

- IoT data collection

- Blockchain proof for digital signatures

 

#6 – Should you invest in Tierion?

  1. Tierion’s partnership with Microsoft and Phillips at just 2 years of age is an achievement in itself. It clearly indicates the positive long-term potential for an investment in Tierion.
  2. The platform enables the users to safely store any data, from a computer or phone, on a blockchain network. With the growing usage of digital assets, Tierion is expected to generate more demand in the near future.
  3. Analysts expect a successful future run for Tierion. Its current circulating supply is 428,481,269 TNT with market capitalization of $17,338,109 USD.
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