A while back, a spark of realization ignited within our circle of investors: the transformative potential of Proof of Transaction (PoT) was immense. Initially, like many, we were preoccupied with the unfolding and constraints of the crypto ecosystem: its trajectory, its changes, its destiny. We soon recognized that a true revolution was not just about change but about redefining the ecosystem itself. The prevalent issues of exorbitant fees and intentionally clogged mempools were indicators of a less-than-optimal system.
“focus on the ecosystem”
The real beacon, we understood, had to focus on the ecosystem and those who wield cryptocurrencies—mirroring Satoshi’s original impetus. This was the will we aspired to embody. We began by scrutinizing our own intent, eager to add our stone to the growing edifice. Yet, it became evident that without a shift, we would remain outsiders, incrementally overshadowed by the surging crypto whales.
“What if we could do better?”
Outside the confines of the prevailing system, our discussions took flight. What if we could do better? We recognized the gamble—significant time and financial investments at stake, accompanied by substantial risk. The goal was to raise around 70 to 80 USDT, but even more critical was to assemble a team capable of rethinking and reshaping PoT from scratch.
What appeared bold morphed into a challenge even more daunting than anticipated. It demanded extensive brainstorming from investors, the ecosystem, and most importantly, the developers—our arbiters. After lengthy and intense discussions, a path emerged that, months later, would become THA.
- THA represents the collective desire of an entire ecosystem to democratize this incredible innovation for all. This marks the end of the first chapter in the genesis of THA. Stay with us for the upcoming narrative, where we delve into the practical creation of THA—an equally enthralling tale.