Starting from Bitcoin, we have seen an array of cryptocurrencies in the last 10 years. At the junction of 2017 and 2018, when BTC and pretty much all other tokens were surging at an incredible pace, the community truly realized the limitations of the pioneer. Even though Bitcoin offered a whole new World of financial globalization, when the network scaled exponentially, issues such as low throughput, privacy and lack of interoperability urged entrepreneurs to seek other solutions.

If you look at the crypto industry now, the primary use case (i.e. to facilitate efficient money transfer all across the Globe), is common among all. However, the pace at which these transactions are executed is slow and the level of privacy that was guaranteed in the first place is not there.

What is TARUSH?

We are not introducing a new concept. In fact, our goal is to enhance the pros that were once enjoyed in the Bitcoin network. Therefore, efficiency, privacy, scalability, and interoperability happen to be the core aspects of our platform. In order to serve the purpose, we are using MimbleWimble blockchain.

Let us have a look at a couple of factors as to how and why TARUSH offers a better alternative to the mainstream cryptocurrency ventures while using TRX’s infrastructure.

The pros of MimbleWimble 2.0

This protocol is rolled out in the market to address the inefficiencies experienced by the Bitcoin community. Let’s have a look at the top 3 takeaways:

In every blockchain network, there must be a communication method between two parties involved in a transaction. MimbleWimble shortens this procedure to ensure that the throughput is increased

It facilitates multi-party transactions which lay the basic infrastructure for making a system more efficient since anyone, other than the sender and receiver, is authorized to pay the transaction fee

There is a great deal of cryptographic measures involved to ensure that the transaction details are private and no one can every decrypt or trace back the sender or receiver

It’s a non-ICO project

It is quite understandable as to why most of the projects in this domain prefer to kick start with an ICO. Even though there are some pros associated with this fundraising technique, TARUSH plans to go for Airdrop instead.

Contrary to ICOs, airdrops do not require an ‘investment’ from the community. In fact, in other words, you could also consider the tokens received through an airdrop as ‘free money’. How does that sound? Great, right?

TARUSH plans to utilize this marketing technique and instead of demanding ‘stake’ from the community, we would deposit tokens in your wallets in order to spread the word. As soon as the coin gets listed on an exchange, you might end up with a fortune — FOR FREE!

It is also worth mentioning that TARUSH does not plan to hold any token under its ownership. In fact, we will distribute all tokens to the community members since we believe that cryptocurrencies were originally created with an aim to benefit the community.

Truly decentralized

A lot of venture capitalists in the niche attract potential customers by calling their projects ‘decentralized’. Even though they are true to some extent, the true spirit of the word is never followed.

However, at TARUSH, we do not only use blockchain for bringing decentralization to the infrastructure, in fact, our teams are also decentralized.

For instance, in pretty much all of the projects, there is a centralized office and a core team working to bring about the changes in technology. But things are quite decentralized here.

There is no CEO, CFO or any management staff for that matter. We believe that there is enough talent in the World out there and it must be harnessed to achieve a fruitful yield. So anyone anywhere can contribute to the project. It also reaffirms that since we do not have a core team working on the project, there is no concept of ‘rewarding’ the team members with hundreds and thousands of tokens, as done by pretty much all the ventures in this niche.

Hence, it happens to be a perfect example of ‘project by the people, for the people’.

Swift transactions and low fee

TARUSH aims to offer about a thousand transactions per second and if you compare it with ETH, it merely provides a TPS of about 30.

When the BTC and ETH were first launched, their efficiency was considerable. But with the passage of time, due to an increase in network density, the speed of transactions and associated fee have increased drastically. It may not seem significant if you trade low volume or compare it with fiat. However, from the standpoint of cryptocurrencies, the situation has already worsened and is not getting any better in the near future.

Since we offer one of the lowest transaction fees in the industry, it is quite reasonable to call TARUSH ‘next to being free’. Talking about the statistics, if you plan to send someone $25 through BTC, you would have to pay roughly $0.4 as the transaction fee. However, we have facilitated the community extensively in this regard as the same amount of transaction would only cost about $0.001. Isn’t that almost free?

Highly secure

Apart from the mainstream security features related to online ventures, crypto-based projects are worried about something else, known as the 51% attack. As the name suggests, it is related to gaining an illegal majority of the network and then forcing the peers to agree on a fake transaction. Basically, this illegal technique or rather a hack is used for executing double spending of coins.

The crypto sphere is echoing with debates about token security. But in the last 12 months, the community has experienced a number of these attacks. However, TARUSH has implemented PoS together with a variety of security features to ensure that the network and its consensus mechanism is never compromised.

Conclusion

If you are curious or rather concerned about MimbleWimble, please note that it is not a new protocol. In fact, many ventures have already used it to bring more efficiency to their networks.

Moreover, it is pretty evident that instead of making huge returns, TARUSH is inclined towards making the community stronger, financially and in terms of decision making.

It is worth noticing that instead of hosting the smart contracts on Ethereum, as practiced by most of the ventures, TARUSH has decided to go for the Tron platform. As far as the top blockchains for creating a cryptocurrency are concerned, TRX happens to be among the top 5.

Therefore, if you are a BTC freak but you are not satisfied with the performance of the network in terms of efficiency, scalability, and interoperability, TARUSH happens to be your best bet.