Bitcoin was designed to be a better alternative to fiat currencies. It was meant to be fully decentralized, fast, and enable transactions at high speed. However, today, the bitcoin network is just a shadow of itself. Not scalable, few nodes and centralized mining pools, and far from been fast.
A bitcoin transaction with fees as high as $1 takes hours and sometimes days to execute. It is worse in a certain period when people have reasons to buy or sell bitcoin massive. The network gets congested easily and transaction fees go as high as $20.
Not up to 20% of the world's population use bitcoin for transactions yet it takes hours to complete a transaction. The bitcoin network can only handle 7 transactions per second. Compared with traditional payment platforms that can handle thousands of transactions per second.
Bitcoin is a great eye-opener for the cryptocurrency world, but today the reality of the network is far from what it should be as stated in Satoshi's Whitepaper.
In this light, s team of cybersecurity and cryptographic expect came together to build a fully decentralized, fast and feeless network.
ABOUT TEMTUM
Temtum is coined out of two words, Tem which means Temporal blockchain, and Quantum which means randomness. It is a new cryptocurrency with absolutely the more advanced features.
In one sentence, I'd say Temtum is everything bitcoin was meant to be. Feeless, high speed and absolute decentralization.
What Problems dies Temtum Solve.
Scalability
Temtum solves the biggest problem in the cryptocurrency space, the problem of having a decentralized and highly scalable network. It does this by preventing the competition in node selection and help eliminate the need to store on all the nodes the whole chain history. This mechanism reduces the resource requirement making it easy for everyone to use.
Speed What limits the speed of temtum is the bandwidth and hardware of the network of the users. This is because the efficient Consensus Algorithm and the limited block size will help to boost the confirmation of transactions within 12 seconds!
Resources We have carefully constructed the Consensus Algorithm of temtum around our innovative Node Participation Document and the leader nodes. This will help reduce wasteful, inefficiency and the need for mining. Based on energy costs and assuming we are operating temtum and Bitcoin at the same size, the Bitcoin network is up to 16,573,693 times more expensive than the temtum network.
CONCLUSION
TEMTUM, unlike bitcoin, is designed to handle massive transactions, in fast speed while remaining fully decentralized. It will enable cryptocurrency active mainstream status and capable of been used for our everyday transactions.
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
WRITER:
BTT name : kessena
Btt Profile Link: https://bitcointalk.org/index.php?action=profile;u=2309698
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