Terracoin is a cryptocurrency that was created by an anonymous developer on October 26th 2012, and eventually fell into a state of abandonment. Out of love for the coin The Terracoin Foundation took over development and support of Terracoin on February 13th 2016.
Terracoin is an open source peer-to-peer cryptocurrency with a strong focus on the payments industry. Terracoin offers a form of money that is portable, inexpensive, divisible and fast. It can be spent securely both online and in person with only minimal transaction fees. Based on the Bitcoin project, Terracoin aims to be the most user-friendly and scalable payments system in the world. In addition to Bitcoin's feature set, Terracoin currently also offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Terracoin network to pay individuals and businesses for work that adds value to the network. This decentralized governance and budgeting system makes it one of the first ever successful decentralized autonomous organizations (DAO).
If you are new to cryptocurrencies, the most important change to understand is that transactions occur directly between two parties without any central authority to facilitate the transaction. This also means that you are responsible for your own security - there is no bank or credit card company to reverse a transaction if your funds are stolen or lost. In this sense, it is similar to cash or gold, but cryptocurrency can be spent locally and internationally with equal ease, if you are confident you are sending funds to the right destination. For these reasons, the Terracoin documentation has a strong focus on safety and understanding the concepts and features that drive the Terracoin ecosystem. The videos, links and documentation below can help you get started, or use the table of contents on the left to find a specific topic of interest.
The Terracoin Foundation’s mission is to help the world while we continue to improve the technology Terracoin uses. We believe that blockchain technology can be used as an instrument to improve the world while we also create an innovative, flexible, secure and easier to use alternative to both Bitcoin and fiat currencies.