Tectum wins best blockchain innovation at Leaders in Fintech 2024

On September 12, 2024, Tectum was awarded the Best Blockchain Innovation at the Leaders in Fintech Awards held at the Habtoor Palace in Dubai, UAE. This recognition highlights Tectum's position as a leading player in the blockchain sector, particularly in the MENA region. The award is a testament to the impact of innovative technologies in the financial technology industry, where voting was open to all stakeholders without restrictions. Tectum is recognized for its impressive capabilities, boasting the fastest layer-1 blockchain with a transaction speed exceeding 3.5 million transactions per second. This remarkable performance is attributed to its unique proof of utility consensus mechanism, which ensures efficient transaction processing through trusted nodes. The technology also incorporates layered transaction processing, effectively reducing congestion and maintaining transaction privacy. In addition to its blockchain network, Tectum has developed key products such as SoftNote, which enhances Bitcoin transactions, and SoftNote Pay, further expanding its fintech solutions. These innovations not only improve transaction efficiency but also revive Bitcoin's utility in everyday transactions. The award signifies Tectum's commitment to advancing blockchain technology and its applications in the financial sector. As the company continues to innovate, it sets a benchmark for others in the industry, reinforcing the importance of technological advancements in shaping the future of finance.