TimeCoinProtocol overview

We talk a lot about the sharing economy and components of the TCP project, but today we would like to remind you what TimeCoinProtocol is about.

TimeCoinProtocol is an open source platform that is designed to facilitate the creation and operation of sharing economy dApps. The protocol offers access to Application Common Libraries, an open source catalog of software development kits.

The libraries’ tools and functionalities allow developers to build, deploy, and operate TCP dApps quickly and easily. Once developed, new dApps can easily thrive on the protocol. Since data stored on the blockchain is transparent and openly accessible for all participants, dApp providers and in-dApp vendors can easily identify TCP users who match their marketing demographics. These providers and vendors can thereby undertake focused marketing to gain initial traction for their services.

The architecture of TCP is designed to create a productive ecosystem in which cooperation and healthy competition drive development. The connective protocol layer encourages users to engage in cross-dApp usage by allowing them to carry their transaction history, evaluations, and reputation between dApps. This will motivate dApp providers and in-dApp vendors to constantly strive to improve their products and services.

TimeCoinProtocol transactions are simple, fast, cheap and secure due to their autonomous operation via smart contracts. TCP’s smart contracts allow flexible configuration of transactions in accordance with the specific requirements of each dApp and the type of services that it provides.