TEMTUM - "The Temporal Blockchain" Cryptocurrency crosses into the mainstream
STARTER INFORMATION
With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Temtum, a new, lightweight, peer-to-peer cryptocurrency where anyone can support the Temporal Blockchain network, creating a new world of financial freedom away from centralised institutions has arrived.
"Temporal Blockchain technology transforms the way the blockchain works by reconstructing how peer-to-peer networks scale. It claims to operate with less power, energy and storage, and processes transactions on very low-resourced devices at high speeds, with a high level of security. temtum does not need centralised pools of specialised hardware, and can be run on any device connected to the web. The company believes their technology is more accessible to more people."
With that being said, Temtum has set out 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, where speed, scalability, security and high resource requirements are most pertinent and continue to limit adoption.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is TEMTUM?
As depicted above and as indicated on the official website of TEMTUM, TEMTUM is a new, lightweight, peer-to-peer cryptocurrency where anyone can support the Temporal Blockchain network, creating a new world of financial freedom away from centralised institutions. Temtum has set out 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, where speed, scalability, security and high resource requirements are most pertinent and continue to limit adoption. The Temporal Blockchain, developed by Dragon Infosec, combined with temtum’s innovative Consensus Algorithms and AI powered Performance Integrity Protocol, removes network competition, drastically improves network efficiency and uses a source of light for quantum effect randomness.
The Vision
Temtum offers amazing opportunities that have hardly been addressed so far. For cryptocurrencies to thrive, the blockchain must now take the next step in its evolution. And here comes temtum into play. Temtum can help to ensure a truly distributed, decentralized and democratic future for financial transactions. It is a future that does not destroy the environment. A future for all, wherever they live in the world, where the benefits of cryptocurrencies are available and accessible to all. We have not only seen this positive future, we have designed, built, tested and found the technology to be the most effective replacement medium.
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.
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.
Uniquely constructed around the NIST beacon, Temporal broadcasts full-entropy bit-strings in blocks of 512 bits every 60 seconds. This stable method for generating randomness, unpredictability, autonomy, and consistency creates a key theoretically impossible to precompute. Temporal’s quantum mechanics and the use of light over processors, creates a level of randomness never before experienced in computing.
Temporal network topology and security implementation has been tested by Crest accredited firm BSI multiple times and found to be highly secure and robust and validates our claims.
The 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 the unique consensus algorithm we reduce this to a single calculation which each node can independently calculate and arrive at the same result.
The Advantages
Low-efficient Energy
An exceptional agreement calculation that does not require top of the line figuring equipment to affirm exchanges makes Temporal a greener blockchain arrangement.
Lightweight Block Data
Information isn’t required by hubs to be put away locally perpetually on machines, making Temporal exceptionally productive and amazingly lightweight.
Costless
Zero implanted exchange costs on the system, making Temtum a ground-breaking digital currency for high volume transactions and exchanges.
Fast
With square affirmation taking only 12 seconds, 5 squares for each moment, TEM exchanges are close moment regardless of the sum being sent.
Secured
Temtum’s network will have a top class security generating confidence across users.
Such a blockchain is reasonably suitable from the environmental side for the preservation of both nature and human health, makes it available to everyone who wants to participate in the maintenance of the network even from a mobile phone with low energy consumption, the main thing is that the Internet is turned on. Zero fees allow you to make large amounts of transactions.
The team consists of the strongest developers and programmers of the blockchain field, who have published several research papers consisting in corporate business projects that relate to the FTSE 250. To date, the web version and mobile application of the platform are ready, the network has been fully tested.
This blockchain project can completely solve the existing problems of this technology and provides quite useful products for daily use, eliminates the possibility of 51% attack on the network, increases speed, scalability, reduces energy costs.
ROADMAP
MEET THE AMAZING TEAM
Dr Douglas Meakin — President
Douglas is an experienced technical executive with many years working within engineering, product development, quality systems and processes and operations in leading-edge technology industries. He is a proven business and operations leader and agent of change in a global context, having transitioned large organisations globally whilst managing huge increases in scope, complexity and business volumes. He is committed to effective and motivational leadership of teams and development of human potential. Most recently Douglas was the corporate vice president of global supplier management at Lam Research Corporation, a leading supplier of semiconductor processing equipment, based in Silicon Valley, California. Doug is CEO of temtum and sits on the board of directors.
Richard Dennis — Chief Development Officer
Richard is the founder of Dragon, and a globally acknowledged, prolific and prodigious cybersecurity and cryptography expert. He is also internationally recognised as one of the world’s leading cybersecurity lecturers with a specialism in secure networks, blockchain and encryption. He has a significant body of published research, cited 100’s of times within Blockchain, and presentations on next-generation solutions across a wide range of subjects, including Bitcoin wallet vulnerability, an analysis into the scalability of Bitcoin and Ethereum, and a formal analysis of the Temporal block.
Ginger Saltos — Chief Technology Officer
Ginger has an MSc in Security IT, MSc in Forensics IT and has worked extensively as a telematics engineer. She has five years of experience across public and private companies in security auditing in Ecuador and she has advised the Ecuadorian government about security on systems, policy and procedures. She is currently a professor at ESPOL, teaching programming, databases, security IT and Forensics IT. Open-Sec Ethical Hacker Certificate OP3N-53C 37H1C4L H4CK3R (OSEH). She is also a PhD candidate on the topic of ‘Analysing Malware using Phylogenetics.’ Her key specialisms are artificial intelligence and internet security.
Dr Gareth Owenson — Chief Information Security Officer
Gareth holds a PhD in Computer Science and a BSc in Internet Technology and is a specialist in internet security, cryptography and distributed systems. He has conducted research in large distributed systems with a particular interest in cryptographic applications such as darknets and digital forensics, including developing automated analysis techniques to rapidly reverse engineer advanced malware to determine its functionality and develop countermeasures. He has authored many publications in journals and conferences and regularly serves as a referee for Elsevier, IEEE and CHINACOM. He has conducted a large study into the use of darknets; he is widely recognised as an expert in this field and frequently speaks on this topic. He has also advised the UK and US governments on darknets and internet filtering policy.
David Hodkinson — Chief Financial Officer
David is the co-founder and CEO of Harvex, a specialist firm working with clients in the cryptocurrency, blockchain and online gaming sector. He has worked with multiple high-value ICO’s, advising on international structuring, banking and tax. As a qualified accountant, he has overseen the financial affairs of a wide range of cryptocurrency companies. Alongside this, he has been involved in the strategic launch of multiple online gaming companies and the integration of cryptocurrency with these platforms.
Cyntia Aguirre — Chief Software Architect
Cyntia is a Master of Science in Software Engineering with a strong background in software development and IT architecture. She has four years’ experience both developing as a full stack developer and designing and implementing software as an IT architect for the financial industry (Banco del Austro S.A.). She also holds a PMP accreditation (Project Manager Professional) certified by the Project Management Institute USA.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://temtum.com/
Whitepaper: https://temtum.com/downloads/temtum-whitepaper.pdf
Twitter: https://twitter.com/wearetemtum
Discord: https://discordapp.com/invite/hs3v4g4
Reddit: https://www.reddit.com/r/temtum
Facebook: https://www.facebook.com/wearetemtum
YouTube: https://www.youtube.com/channel/UCxEJq-piVp83Cm3yAOtQgkg
Github: https://github.com/temtum
Author: Cryptoholical
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.