Trac Network (TNK)

Trac Network (TNK) is a decentralized technology platform that addresses the challenges of cross-chain interoperability for Bitcoin and other blockchain networks. Designed as a highly performant layer 1 solution, Trac Network aims to facilitate the development and execution of peer-to-peer applications (commonly referred to as App3), providing a fully decentralized alternative to the issues faced by traditional Web3 models. The network boasts impressive speeds, with maximum transaction capabilities of approximately 3 million transactions per second and instant finality within about one second, ensuring rapid and efficient operations.

Incorporating unique features such as L1 Bitcoin Smart Contracts with full self-custody, Trac Network empowers users to manage their assets and applications directly on their devices. This approach enhances security and privacy while eliminating the burden of relying on external infrastructures. The platform also supports a range of decentralized finance (DeFi) primitives, allowing for comprehensive financial interactions, including automated market makers (AMMs), liquidity pools, staking, and more. By leveraging the TAP Protocol, Trac Network ensures seamless access to native Bitcoin assets without compromising user control.

With an upcoming transition to the new token standard $TNK, Trac Network is set to enhance its ecosystem further and offer improved functionality. The upgrade encompasses a shift in governance and operational capabilities, transferring all utilities from the existing $TRAC token to $TNK. This transition will not only solidify Trac Network’s position as a leading layer 1 solution but also pave the way for enhanced interactions and integration across different blockchain technologies, reinforcing its commitment to advancing cross-chain innovations within the cryptocurrency landscape.