TechPay is a new cryptocurrency that aims to be used on an industrial level. The intention of this venture was for it to operate in various industries like telecommunications, finance and logistics, among others, with plans of creating their own Smart Contract based ecosystem, which would then provide access from all partner companies around the world as well. The next generation of distributed ledger technologies is about to be led by the TechPay Foundation. They aim for high accuracy and reliability in their transactions, which will make them a key player at the forefront global finance scene.

TechPay implements a different consensus mechanism than Bitcoin and Ethereum. Bitcoin and Ethereum use Proof-of-Work, which is more centralized than the more decentralizing Proof-of-Stake used by TechPay. TechPay also has an absolute finality that allows it to validate transactions with greater certainty. While some networks allow for transactions to be reversed due to probabilistic finality, such occurrences are not possible in the TechPay network because of its leaderless architecture.