What you'll learn 👉
Introduction
Tierion Coin is a crypto currency that uses the block chain to improve backup and sharing of data, files and processes.
The company has developed technologies to enable its users to do so via a wide range of apps.
The currency is currently available on the digital exchanges Liqui, HitBTC, Btc018, EtherDelta, BTER and CoinVC.
The company has a market capital of USD 24 million and invests around USD 7,1 million in Tierion Coin every day.
The exchange rate is 0.80 USD per coin.
Tierion Coin – The Cryptocurrency
As a user and developer, Tierion is a very interesting cryptocurrency.
The basic concept consists of the following elements: there are digital “recipes” that are issued as proof of each transaction made through Tierion.
In addition, there is a verification control that cryptocurrency identifies the authenticity of data, files and processes.
The IoT data collection collects and securely stores data from all application devices.
In general, the data sets are considered to be unchangeable, making the Tierion application particularly suitable for confidential documents such as medical or financial reports.
With the application hash API, up to 100 documents per second can be transferred to the block chain free of charge.
Since Tierion works with Zapier, the benefits of this technology can be applied to over 500 popular apps such as Gmail, Mailchimp and Slack.
The whole thing works in such a way that you can collect the data in Tierion and send it to the respective app or use it to Zapier to send data from the apps to Tierion.
Tierion Coin – The Company
The leaders behind Tierion are Wayne Vaughan, who founded an IT agency in the mid-1990s, bringing decades of experience in the software business, and Jason Bukowski, who developed one of the first real-time web analytics systems.
The innovation that is supposed to set the crypto currency apart from other currencies is called Chainpoint Proof.
Developed by the two founders, it differs in simplicity and user-friendliness for the user.
If the user has collected his data in the Tierion data store, a chainpoint proof is created for each individual document.
Chainpoint is an open standard with which data integrity and the time proof of the data are checked, logged and confirmed. This makes the application particularly safe for the user.
The developers have gained a great advantage by cooperating with Zapier at an early stage in order to make their technology applicable to more than 500 apps.
Conclusion
Tierion Coin makes it possible for every user to transfer all his private data, no matter whether from the smartphone or the computer comfortably via a program safe and fast on the blockchain to transfer or also among themselves.
The company is thus following the trend towards improving data integrity, i. e. the quality and reliability of data, but also data protection.
You can’t buy it directly for fiat on any exchange. You can choose the where to buy bitcoins for your region and buy BTC there, then trade it for TNT on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase has acceptable fees and is secure bitcoin service.
If Coinbase doesn’t support your country, use Cex.io – read about Cex.io here – it is another safe place to buy bitcoins. Coinmama is also legit exchange for buying Bitcoins – click here to visit Coinmama.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is safe and legit), instantly and directly to BTC.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.You can read our article on how to use Ledger Nano S wallet and what cryptocurrencies it supports or check out other best hardware crypto wallets here. You can also create a paper wallet – learn here more about cryptocurrency wallets.
