Blockchain, Cryptocurrency, It is known as Temtum.

temtum changes all of that and represents a step change in the evolution of cryptocurrencies. It is also far more than just theory; it is a completed network that is ready for mainnet deployment.

VISION

temtum is an efficient, quantum-secure, ultra-fast, non-resource intensive and environmentally friendly payment coin (using the acronym ‘TEM’), and an alternative to traditional fiat money (government-printed currency). It can be used on a standalone basis wallet-to-wallet, and can also be integrated into payment systems worldwide, serving as a payment platform for both consumers and businesses.

The integration of temtum into online gaming and e-commerce sites has been demonstrated through the development of demo platforms and plugins, which can enable fast implementation with partners as part of our intended roadmap.

A world-class team

Ginger Saltos, world-class cryptographer and temtum CTO, will lead the development team working closely with temtum founder and senior cryptography advisor Richard Dennis and CISO Dr Gareth Owenson. They are joined by CEO Dr Doug Meakin, Director David Shimmon and the best brains in cryptography and blockchain, alongside a senior team rich in banking infrastructure, commercial acumen and financial services experience.

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.

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.

Real World Applications

The original cryptocurrency, Bitcoin, does have a use case and serves a recognized function as a non-fiat alternative currency that aims to provide an electronic payment system based on cryptographic proof rather than trust, which means that any two parties can transact with one another without needing a trusted third-party. But the flaws inherent in the Bitcoin system mean that it has limited application as a medium of exchange.

We want to allow all users to fully participate in the temtum network regardless of the resources they are able to contribute. The temtum network has been designed from the ground up to run at full capacity on low-powered devices such as smartphones or IoT devices. The only prerequisite to network participation access to an active internet connection or an SMS connection.

Mobile POS payment system

The currency should hold consistent value across all territories and can be transferred internationally without cost.

For peer-to-peer payments (for instance, if users want to split a bill with a friend), it’s free and near instantaneous.

Transactions take just 12 seconds compared to hours-to-days with conventional bank accounts.

How temtum solves these problems

This is how temtum addresses each of these flaws in current blockchain networks:

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. This significantly reduces resource requirements and allows anyone delivering true decentralisation and infinite scalability.
Speed: temtum 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. Once included in a block, a transaction is confirmed
Security: Temporal is a quantum-secure blockchain network that uses a photon source for genuine random number generation alongside next-generation hashing algorithms. These prevent the network from being vulnerable to theoretical attacks — even in the case that quantum attacks become commonplace in the near future.

The fact that current blockchain networks have limitations at their core, means that they cannot satisfy the key transaction demands for many of the industries and applications which should have the highest need for blockchain networks, such as large global payment networks and credit card companies. This is how temtum addresses each of these flaws in current blockchain networks.

Conclusion

Blockchain companies are working to provide scalable infrastructure so that blockchain platforms can become mainstream in future. Once this happens, not only can people use blockchain few purposes, that s why emtum try to solve all inherent problems faced by not only many existing cryptocurrencies but peer-to-peer blockchain networks as a whole both now, and in the most technologically advanced of futures.

FOR MORE INFORMATION

Website: https://temtum.com/
Whitepaper: https://temtum.com/downloads/temtum-whitepaper.pdf
Telegram: https://t.me/temtumcommunity
Twitter: https://twitter.com/wearetemtum
Facebook: https://www.facebook.com/wearetemtum
Discord: https://discord.gg/hs3v4g4
Reddit: https://www.reddit.com/r/temtum
Medium: https://medium.com/temtum
Linkedin: https://www.linkedin.com/company/temtum/
Youtube: https://www.youtube.com/channel/UCxEJq-piVp83Cm3yAOtQgkg
Github: https://github.com/temtum

By: Dodi_Gejul
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2180095