A new cryptocurrency called temtum will be the most technologically advanced and globally preferred blockchain coin (TEM) and will set new standards in security, speed, resource requirements and scalability.
The name ‘temtum’ represents a combination of two of the main concepts that underpin this technology:
◉ The Temporal blockchain (‘tem’) and quantum randomness (‘tum’). We will explain these concepts in detail within this paper, particularly in the ‘Technology’ & ‘Network Integration’ sections.
Problems & Solution :
The problems with current blockchain technology
Blockchain is still an emerging technology. It has already started to transform a wide range of industries around the world by providing a digitized, immutable and secure network for transacting, sharing and distributing data without a central authority.
And yet blockchain networks that have already been deployed have suffered from a number of downsides and concerns that have meant that they have failed to deliver on their promise and are yet to see significant adoption. Chief among these downsides are : Scalability & Speed & Resource intensity & Security
How temtum solves these problems :
⊙ Scalability: The Temporal Blockchain eliminates the need to store the entire chain history on all nodes by locally archiving data, while preventing competition in node selection. ⊙ Speed: The speed of the temtum network is limited only by the hardware and bandwidth of network participants. We have created a highly efficient Consensus Algorithm and removed block size limitations in order to confirm transactions into a block extremely quickly, with a maximum confirmation time of 12 seconds. ⊙ Resources: temtum’s Consensus Algorithm, constructed around leader nodes and our innovative Node Participation Document, removes the need for mining and wasteful, inefficient and restrictive Consensus mechanisms such as proof-of-work. ⊙ Security: Temporal is a quantum-secure blockchain network that uses a photon source for genuine random number generation alongside next-generation hashing algorithms.
