TerraCoin Proof-of-Work Mining

TerraCoin (TC) is Territoria's decentralized global cryptocurrency. Unlike national fiat currencies, TerraCoin cannot be printed, created, or manipulated by governments. New TerraCoin enters circulation exclusively through Proof-of-Work mining operations.

What is TerraCoin?

• Global Currency
• Decentralized
• Fixed Maximum Supply
• Used for International Trade
• Used on the Global Marketplace
• Cannot be printed by governments

TerraCoin provides a stable alternative to national fiat currencies.

Industrial Mining Operations

TerraCoin is mined through specialized TerraCoin Mining Companies. These do not extract physical resources — instead they dedicate industrial capacity toward securing the TerraCoin blockchain.

Mining consumes:

• Production Points (PP)
• Fuel

In return, mining companies generate Hash Power.

TerraCoin Mining Companies

TerraCoin Mining Companies are privately owned by citizens. Citizens may:

• Create Mining Companies
• Upgrade Mining Infrastructure
• Hire Workers
• Generate Hash Power
• Earn TerraCoin Rewards

Mining companies function similarly to other businesses within the Territoria economy.

Hash Power

Hash Power represents a mining company's contribution to the TerraCoin network. The greater a company's Hash Power:

• The larger its share of network rewards
• The more competitive it becomes
• The more TerraCoin it may earn over time

Mining profitability depends on both company efficiency and total network competition.

Blockchain Infrastructure

The TerraCoin blockchain is maintained collectively by all active mining companies. The blockchain records:

• TerraCoin Transfers
• Marketplace Transactions
• Mining Rewards
• Network Activity

Because the blockchain is decentralized, no government may alter transaction records or create new TerraCoin outside the mining process.

Block Rewards

When a block is successfully mined:

1. New TerraCoin is created.
2. Rewards are distributed to participating miners.
3. The circulating supply increases.

Mining rewards gradually decrease over time as the total supply approaches its maximum limit.

Token Supply

Maximum Supply: 1,000,000 TC. No additional TerraCoin can be created once the maximum supply is reached. This fixed supply creates scarcity and helps preserve long-term value.

Transaction Fees

Once mining rewards begin to decline, transaction fees become increasingly important. Whenever TerraCoin is used (Global Marketplace purchases, international trade, currency transfers), small transaction fees are generated and distributed to mining companies helping secure the network.

TerraCoin vs. National Fiat

Monetary Policy

Governments cannot create TerraCoin. Only national fiat currencies may be expanded or reduced through legislation. Congress may authorize the creation of national currency, but excessive printing may weaken exchange rates against TerraCoin.

This separation ensures TerraCoin remains politically neutral and independent of national governments.

The TerraCoin Economy Loop

Production Points (PP) → Mining Operations → Hash Power Generation →
Block Rewards → TerraCoin Creation → Global Marketplace Activity →
Transaction Fees → Network Security