TEMTUM - Cryptocurrency peer-to-peer new, lightweight, where anyone can support the Temporal Blockchain network
Hello ... Friend, in this article I will discuss and provide a very good project for you to know, yes, it is a Temtum, maybe some of you want to invest in this project, so for that before you decide to invest, you should read article about the Temtum project, to ensure that the Temtum project is truly serious about its vision and mission. Below is the discussion.
Now I will start discussing it, This section provides an overview of the groundbreaking new technology behind temtum. Please refer to the glossary at the end of this white paper for a list of definitions. The temtum network achieves truly decentralised scalability, near instant transaction speeds and unprecedented transaction throughput, using low resources and future-proof cryptographic security.
With our improved network routing, the removal of the block size limit and a system architecture that ensures a single, randomly selected node confirms all transactions for 60 seconds, the only limitation to transaction throughput is the hardware and bandwidth of network participants. This is shown by the fact that we have demonstrated simulated transaction throughput speeds of 120,000 transactions per second in a laboratory environment.
Ultra lightweight, super fast, quantum secure decentralised network, redefining the boundaries of blockchain and cryptocurrencies to empower financial freedom - temtum (TEM)
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. This provides a number of significant theoretical benefits when compared with existing technologies and methods, such as improved transparency, traceability and security, as well as increased efficiency and speed of transactions. Most importantly, financial transactions are no longer reliant on trust – they are cryptographically proven.
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 :
Speed
EVER INCREASING SPEED
The speed of the Temporal network is unrivalled by any existing blockchain technology, with 120k TPS achieved in our lab environment and theoretically unlimited, directly influenced by the scale of the network.
The ultra-lightweight architecture, efficiency and consensus of transactions on Temporal leads to incredible verification speed.
Scalability
LOW RESOURCE NODES
Temporal allows for short term data storage on nodes, while keeping the integrity of the blockchain and its full history. With our consensus algorithm, transactions are no longer required to be sent to every node, instead sent directly to the leader node. Therefore, no wasted resources spent in the needless duplication of messages.
This reduction in storage and processing power makes participation in the network from low-resourced devices possible, whilst using less energy than existing blockchain technology.
Low Resource
CONSENSUS ALGORITHM
Our consensus algorithm removes the requirement for mining, eliminating the need for highly wasteful and restrictive consensus mechanisms such as Proof of Work.
Proof of work currently requires trillions upon trillions of pointless energy intensive computational calculations in order to confirm transactions.
With our unique consensus algorithm we reduce this to a single calculation which each node can independently calculate and arrive at the same result.
Roadmap
To demonstrate the technical capabilities of the temtum network – and how few resources a node is required to have in order to participate in the blockchain – we deployed custom code on the head unit (HU) of a BMW i8 as part of a mobility focused project. This allowed the car to function as a fully working node, capable of confirming transactions as the car was driven. The loading of the code into the car did not have any impact on its functionality and was able to run in the background.
Even though the computing power in the i8 is significantly less than traditional computers, it consistently demonstrated the ability to confirm 500 TPS. We believe this is a world-first where a car has been able to act as a full node without the requirement of additional hardware.
Two test cars, a BMW 220i, and the showcase BMW i8 have been used during testing. As in the previous development cycle, we did not add any additional hardware and only the software on the iDrive systems were modified. We discovered that the BMW 220i, while a significantly less advanced in terms of digital systems than the i8, was still able to fully participate and achieve the same level of performance as a full node (able to store the Temporal Blockchain and confirm transactions when required) as the flagship i8.
After demonstrating that an entry-level BMW is fully capable of participating in the temtum network as a node, we also achieved a mesh network between cars. This allowed the BMW 220i to have its own mobile network connection disabled, leaving it without internet access and instead receive data directly from the i8.
Receiving data from the i8 to the 220i directly, where Temporal and all transactions are also using cryptography, would not present an attack vector. The ability to communicate with vehicles that do not have an active internet connection increases the opportunity for older cars to participate in the network, while removing any mobile data charges and reducing costs for network participation.
Sideloading our application into the existing entertainment system of the older model BMW showed no performance degradation to the driver. Testing is under way to apply this theory to more car brands, including a 2018 Renault Megane, which will allow for direct cross-platform (i.e. from brand A to brand B) communication.
More than half-a-million BMW vehicles were registered in the UK from January 2014 to January 2017, with each vehicle more than capable of participating in and supporting the temtum network. With network scale increasing attack costs, participation via existing mobility infrastructure could ultimately secure temtum beyond levels seen with existing networks, without the need for expensive energy consumption.
Although the environmental impact of fuel-powered vehicles is of some concern, making use of technology that’s already in use and reducing the burden of such networks as Bitcoin on international energy resources is a positive move before more sustainable vehicles begin participating in the temtum network.
Over the past 5 years, the Temporal Blockchain has been researched and developed to the point we now have a working product that’s an evolution of the entire Blockchain technology. Our road map goes back in time, whilst outlining the future for temtum.
Conclusion
We believe that the theme is an extraordinary new opportunity even beyond the step change for blockchain and the first mass cryptocurrency adoption. In fact, we believe that these themes can form the basis of an entirely new and better way of structuring financial relationships that is more environmentally friendly, transparent, traceable, safe and reliable than existing cryptocurrency.
We have explained in this paper how the basic values and principles of blockchain have been compromised in the cryptocurrency space because of the inherent weaknesses of existing technology. This means that the blockchain cryptocurrency has not provided the user benefits they promised and, in large part as a direct consequence of this, has failed to achieve widespread adoption.
Traditional technology is built on previous blockchain theories but is a significant evolutionary leap from previous technology, which provides a better experience in terms of speed, resource use, energy costs, environmental impact and true decentralization. Our work in quantum randomness also ensures complete security.
Exploring opportunities in existing markets such as gaming and e-commerce, has opened up new opportunities for partners to provide payment solutions to high transaction platforms, which will directly benefit from the innovations that sustain their technology.
As we have shown above, this innovative cryptocurrency has been fully developed, used and tested and is ready for full integration with the existing payment system to ensure smooth adoption of temtum by regular consumers.
Our vision is positive. We believe that the theme will not only change the market for blockchain and cryptocurrency; it will make the world a better place for more people. That is our goal and we have a truly world-class and dedicated team that is fully committed to achieving it. We invite you to join us on our exciting journey into the financial future.
For more information about the Temtum project, see the link below:
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
User: dey90
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=731808