Thе problem іѕ thаt dеѕріtе thеіr benefits іn comparison tо centralised networks, current blockchain networks саnnоt assist business functions аt large scale .
temtum hаѕ set оut tо resolve аll inherent troubles confronted bу nоt оnlу mаnу current cryptocurrencies but peer-to-peer blockchain networks аѕ а whоlе bоth now, аnd іn thе mоѕt technologically advanced оf futures, whеrе speed, scalability, protection аnd excessive useful resource requirements аrе mоѕt pertinent аnd proceed tо restrict adoption.
temtum іѕ а new, lightweight, peer-to-peer cryptocurrency whеrе аnуоnе саn support thе Temporal Blockchain network, developing а nеw world оf monetary freedom аwау frоm centralised institutions
Thе speed оf thе Temporal network іѕ unrivalled bу аnу present blockchain technology, wіth 120k TPS performed іn оur lab surroundings аnd theoretically unlimited, dіrесtlу influenced bу thе scale оf thе network.The ultra-lightweight architecture, effectivity аnd consensus оf transactions оn Temporal leads tо fantastic verification speed.Temporal аllоwѕ fоr brief time period facts storage оn nodes, whіlе retaining thе integrity оf thе blockchain аnd іtѕ full history. Wіth оur consensus algorithm, transactions аrе nо longer required tо bе ѕеnt tо еvеrу node, іnѕtеаd ѕеnt dіrесtlу tо thе chief node. Therefore, nо wasted resources spent іn thе useless duplication оf messages.
Blockchain is a new technology, it has huge software potential each now and in the future. To become greater popular, blockchain now wants to be upgraded and elevated in its improvement process. Temtum is a new challenge that needs to make contributions to the development of the blockchain. Temtum's aim is to create a new technology for financial transactions, which is a future that is all guaranteed by means of democracy, transparency and dispersion.
Real World Applications
The authentic cryptocurrency, Bitcoin, does have a use case and serves a identified function as a non-fiat alternative foreign money that pursuits to furnish an electronic price machine primarily based on cryptographic proof instead than trust, which capacity that any two parties can transact with one any other without desiring a depended on third-party. But the flaws inherent in the Bitcoin gadget mean that it has restricted utility as a medium of exchange.
We choose to enable all users to utterly participate in the temtum network regardless of the assets they are able to contribute. The temtum network has been designed from the floor up to run at full ability on low-powered units such as smartphones or IoT devices. The only prerequisite to community participation access to an lively internet connection or an SMS connection
Blockchain Research
We’ve spent the past 5 years researching Blockchain and boast the solely Blockchain PhD as phase of our founding team. This research led to the improvement of the top of the line Temporal Blockchain, in contrast beneath to what is presently regarded the leading technology in the industry.
Technology Roadmap
To show the technical competencies of the temtum network — and how few sources a node is required to have in order to take part in the blockchain — we deployed customized code on the head unit (HU) of a BMW i8 as part of a mobility focused project. This allowed the auto to characteristic as a completely working node, capable of confirming transactions as the car was driven. The loading of the code into the auto did not have any impact on its performance and was in a position to run in the background.
Even although the computing electricity in the i8 is considerably less than standard computers, it consistently proven the potential to affirm 500 TPS. We trust this is a world-first where a car has been capable to act as a full node without the requirement of extra hardware.
Further trends of the mobility mission have targeted on two fundamental areas:
Two test cars, a BMW 220i, and the exhibit BMW i8 have been used for the duration of testing. As in the preceding improvement cycle, we did no longer add any extra hardware and only the software program on the iDrive systems have been modified. We discovered that the BMW 220i, while a drastically much less advanced in terms of digital systems than the i8, was once still capable to totally take part and reap the identical level of performance as a full node (able to keep the Temporal Blockchain and verify transactions when required) as the flagship i8.
After demonstrating that an entry-level BMW is absolutely succesful of participating in the temtum network as a node, we additionally finished a mesh community between cars. This allowed the BMW 220i to have its personal cellular community connection disabled, leaving it barring web get admission to and instead acquire facts at once from the i8.
Receiving facts from the i8 to the 220i directly, where Temporal and all transactions are also using cryptography, would not present an assault vector. The ability to communicate with automobiles that do now not have an active internet connection will increase the probability for older motors to take part in the network, whilst eliminating any cellular facts costs and decreasing prices for community participation.
Sideloading our software into the current amusement machine of the older model BMW confirmed no overall performance degradation to the driver. Testing is below way to observe this theory to more car brands, which include a 2018 Renault Megane, which will enable for direct cross-platform (i.e. from company A to manufacturer B) communication.
More than half-a-million BMW automobiles had been registered in the UK from January 2014 to January 2017, with every vehicle greater than succesful of participating in and assisting the temtum network. With community scale increasing assault costs, participation through current mobility infrastructure may want to subsequently impenetrable temtum beyond tiers seen with current networks, besides the need for highly-priced power consumption.
Although the environmental affect of fuel-powered cars is of some concern, making use of technology that’s already in use and lowering the burden of such networks as Bitcoin on worldwide electricity assets is a advantageous cross earlier than extra sustainable cars begin taking part in the temtum network.
Temtum Partnership With CoinAll
temtum, the next technology cryptocurrency capable to supply feeless, on the spot transactions, backed by a noticeably scalable, sustainable and quantum impervious network, will soon be on hand to buy, alternate and use once listed as the first task on the CoinAll Super Project.
After completion and successful launch of its mainnet, the first danger to purchase the currency TEM will arrive on the seventeenth of July 2019 through the CoinAll exchange. This good sized milestone in the networks improvement demonstrates the maturity of the technology, in development for 5 years, and corresponding appetite for the coin in the cryptocurrency industry.
temtum has been created to challenge current cryptocurrencies and monetary institutions, which it sees as no longer healthy for cause for cutting-edge day makes use of of payments. Operating on its own progressive and patented blockchain science referred to as Temporal, the temtum community surpasses market main finance products, consisting of the likes of VISA, Bitcoin and Nano. Its quantum secure, currently handing over proven and 3rd party proven 3000 tps, with the potential for theoretically limitless tps and could run the globes whole charge networks on simply 50 smartphones.
The team has spent the past five years learning and developing a entirely functioning and independently tested cryptocurrency community earlier than market launch. This has enabled temtum to test, optimise and provide its network a true purpose. temtum is genuinely innovative and will be totally decentralised, not like Facebooks Libra and Bitcoin.
temtum was centered in 2014 through Dragon Infosec CTO Richard Dennis, the worlds youngest cryptography lecturer, and modern CISO Dr Gareth Owenson – each world renowned cryptographers in their very own right. With a team boasting extra than 25 years of cryptography experience, multiple Silicon Valley C-Suite executives and holding the only blockchain PhD worldwide.
Founder and CEO, Richard Dennis MSc, said:
Its top notch to be getting into the subsequent stage in the evolution of now not only the temtum network however cryptocurrencies as a whole. Weve received a great response from the enterprise and have been excited to soon be capable to get the TEM coin into circulation.
Rather than following the ICO and IEO norm of elevating capital from customers to build technology, we have already built ours and are now enforcing an preliminary change distribution alongside CoinAll Super Project.
We appreciated their vision in ensuring the foreign money has actual world utility as an alternative than being a speculative asset, alongside their high quality force in working collectively and their big existing user base.
Final Word
I may want to see this challenge suggests a lot of manageable in phrases of lengthy time period increase in terms of it’s technological facets which lets in a new blockchain to scale for future benefits. More and greater human beings are adapting the use of blockchain and cryptocurrencies, as time goes, the security and immediate transactions is a priority, so does Temtum.
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