What is Titcoin (TIT) Crypto Beginner’s Guide

Titcoin is a platform that caters and serves the adult entertainment industry. Titcoin is a peer to peer, decentralized platform that provides users a means to make secure and discrete transactions. The platform is powered by its own blockchain. The platform was nominated for Alternate Payment Service Company of the Year in 2015 and 2016 by XBIZ.

Titcoin Features

The platform provides users with the ability to conduct low fee, secure, and highly discrete transactions. The average completed transaction on Titcoin occurs in under 6 minutes, which is far quicker than Bitcoin transactions, which typically take one hour to complete.

Titcoin offers specialized services for adult entertainers, consumers, businesses, and investors. Titcoin has partnered with CoinToPay.com to offer merchant payment processing services. Users can obtain a digital wallet, so they can accept cryptocurrency payments and transfer the coins into the currency of their choice (including fiat currency). Merchants and entertainers using this service have the ability to accept multiple digital currencies, tokens, and coins.

For investors and traders, Titcoin has partnered with digital wallet providers and cryptocurrency exchanges. This feature allows users to trade and exchange Titcoin, is accessible from desktops and mobile devices, and allows users to deposit different digital currencies.

Titcoin offers free digital wallets. Users who download the Titcoin wallet are able to mine Titcoin and can send and receive Titcoin for free. Titcoin paper wallets can be printed out and stored. They are a physical version of digital wallets and provide proof of ownership.

Titcoin allows users to conduct adult entertainment industry transactions without providing any personal identifying information or worrying about embarrassing credit card transactions. Entertainers can also anonymously receive payment in the form of Titcoin without having to open a traditional banking account. Titcoin also doesn’t charge any users chargeback fees.

Titcoin Outlook

Titcoin was founded by Edward Mansfield, Richard Allen, and an unidentified third partner. Titcoin went live on June 21, 2014 and released its wallet and source code to the public. Later that year, Jordan Belfort, the former Wall Street stockbroker, founder of Stratton Oakmont, and subject to the book and movie Wolf of Wall Street, joined Titcoin’ s development team.

In 2016, 1 million Titcoin were stolen from Titcoin’ s founding developers, and all development of the platform came to an immediate halt.

It was announced on May 30, 2017 that Joy-Toilet, a leading adult industry game developer, acquired Titcoin and its entire blockchain and platform.  

Titcoin Blockchain and TIT

Titcoin is a Proof of Work concept blockchain that is based largely on Bitcoin. It uses a SHA-256 algorithm. Currently, each block reward is 34.6 Titcoin (TIT). The block time is set at one minute and the hash difficulty is retargeted after every block is solved. There will be a total of 69 million TIT in circulation, and the block reward with be cut in half after every 500,000 blocks.

Users can download Titcoin platforms block explorer in order to mine TIT. You can buy TIT on YoBit and Cryptopia exchanges and one TIT is currently trading for $.002578.

What is Titcoin (TIT)?
5 (100%) 2 votes

LEAVE A REPLY

Please enter your comment!
Please enter your name here