In the year of 2008, Bitcoin was introduced as a cryptocurrency, invented by Satoshi Nakamoto in the form of an open source software, with a mission of changing the way we make payments and trade goods through a completely new currency.
Bitcoin offers outstanding transaction advantages such as freedom, security, high level of control for the users themselves and a completely transparent platform. All of these Bitcoin benefits are enabled by Blockchain technology.
The blockchain technology is an invention that creates a decentralized network based on peer-to-peer protocol networks, which allows every computer in that network to become a server, making a huge difference to the conventional centralized network.
The year 2013 marked a significant milestone for the breakthrough development of the blockchain technology: the birth of the Ethereum platform (ETH) invented by Vitalik Buterin - a Russian developer. He has succeeded in bringing the Blockchain technology to a new level when integrating Smart Contract into the current Blockchain protocol, which is now known as Blockchain 2.0 or Utility Blockchain.
At the end of 2017, the Blockchain technology really resonated, not only with software developers but also with intimate attention from the government, major banking organizations, financial funds, investors and almost all social classes, attracting hundreds of billions of dollars, creating a fertile financial market and promoting many successive Blockchain projects.
Some quite successful Utility Blockchain projects such as Tron, EOS, STEEM, etc. are gradually approaching their completions, opening the Decentralized Applications (Dapps) Era.
Dapps are decentralized applications running on peer-to-peer Utility Blockchain networks, allowing developers to expand Dapps in various areas: entertainment, finance, gaming, real estate, healthcare, insurance,…
Following those successes, 2019 is a year of strong growth for Dapps as the number of Dapps projects is growing more and more in parallel with the investment in quality, time and finance to build up a huge user community with great values from Dapps.
This is where TEMTUM comes in by solving the biggest problems of cryptocurrencies. It provides a new technological breakthrough with the Network achieving truly decentralized scalability, even approaching unprecedented transaction speeds and transaction throughput. With increased network routing, elimination of block size limits and system architecture that ensures one, randomly selected nodes confirm all transactions for 60 seconds, the only limitation for transaction throughput is the hardware and bandwidth of network participants. The critical element of the traditional network architecture is the Temporal Blockchain, the Consensus Algorithm and Routing, and the use of random numbers that are truly proven based on the science of quantum interference and it is a completed network that is ready for mainnet deployment.
INTRODUCTION
Temtum is derived from two words , The Tem means Temporal blockchain and Tum means quantum randomness.
Temtum is an efficient, quantum-secure, ultra-fast, non-resource intensive and environmentally friendly payment coin 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.
VISION
To become the most widely used cryptocurrency in the world, adopted into mainstream payment markets by regular consumers and citizens on every continent.
ADVANTAGES
Low-efficient Energy
Lightweight Block Data
Costless
Fast
Secured
HOW TEMTUM SOLVE BLOCKCHAIN PROBLEM
Scalability
They eliminates the need to store the entire chain history on all nodes by locally archiving data, while preventing competition in node selection. This reduces resource requirements and allows anyone with a basic form of technology – such as a smartphone user – to fully participate in the network, delivering true decentralisation and infinite
scalability.
Speed
The speed of the temtum network is limited only by the hardware and bandwidth of network participants. We have 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 a transaction is confirmed – there is no need to wait for additional blocks to be added subsequent to the initial block.
Resources
There is no need for mining and wasteful, inefficient and restrictive Consensus mechanisms such as proof-of-work due to Temtum’s Consensus Algorithm, constructed around leader nodes and our innovative Node Participation Document. Temtum uses substantially less energy and has less environmental impact compared to POW networks. We estimate that the Bitcoin network is 16,573,693 times more expensive than the temtum network based on energy costs alone,
assuming both networks are operating at the same size. The Bitcoin network is currently limited to a maximum transaction throughput of seven transactions per second. The average fee for a Bitcoin transaction from 2017-2018 was $57.35 – and the total cost of a Bitcoin transaction in the same time period, including miner and energy fees, was $104.70
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.
ROADMAP
Q3 2019
ISO Accreditation
Q4 2019
Increased source of randomness
Q1 2020
Performance Integrity Protocol
Delegation
Sharding
Q2 2020
IoT & Mobility Devices
Homomorphic Encryption
Q3 2020
Payment system integrations
Q2 2021
Smart Contracts
MEET THE GREAT MINDS BEHIND THIS WORK
Dr Douglas Meakin
President
Richard Dennis
Chief Executive Officer
Ginger Saltos
Chief Technology Officer
Dr Gareth Owenson
Chief Information Security Officer
David Hodkinson
Chief Financial Officer
Cyntia Aguirre
Chief Software Architect
Bo Lasater
Senior Product Advisor
Johannes Fröhling
Technology Adviso
Rupert Boswall, RPC
Legal Advisor
Adam Grist
Marketing Advisor
For more Information,Please visit the following sites:
Website: https://temtum.com/
Whitepaper: https://temtum.com/downloads/temtum-whitepaper.pdf
Telegram: https://t.me/temtumcommunity
Twitter: https://twitter.com/wearetemtum
Discord: https://discord.gg/hs3v4g4
Reddit: https://www.reddit.com/r/temtum
Medium: https://medium.com/temtum
Facebook: https://www.facebook.com/wearetemtum
Linkedin: https://www.linkedin.com/company/temtum/
Youtube: https://www.youtube.com/channel/UCxEJq-piVp83Cm3yAOtQgkg
Github: https://github.com/temtum
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9
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