Blockchain technology is a relatively new technology, yet it has already started revolutionizing various industries around the world, it provides a decentralized, digital, immutable and secure network. In a nutshell, it enables parties transact securely without a central power. Compared to traditional technologies blockchain technology offers improved transparency, security, traceability.
The most important and significant application of these technology is to enable financial transaction to not depend on trust or and centralize body.
As amazing the qualities of blockchain technology is, there are still significant with the technology. The biggest issue is popularly know as the blockchain trilemma. Blockchain Trilemma is having a blockchain that is fully decentralized, highly scalable and secured blockchain Network.
Current blockchain networks aren’t truly scalable, bitcoin for example can only scale 7ttansactions per seconds. For a network that is supposedly to serve 7 billion people, it is in truth too poor. This makes them too slow, sometime when there is alot of transactions in the bitcoin network it takes hours or days to to complete transactions. The bitcoin network is not the only blockchain have this issue, ethereum blockchain can’t scale infinitely also, but the good side of these two network is that they are very decentralized and secured.
Some other blockchain networks have been able to scale massively, handling thousands of transactions per sec. They have however, compromised decentralization, and have achieved this high scalability by having fewer nodes in their network.
Temtum, a new blockchain network have devised a mechanism to solve all three issues I one platform. Temtum is posted to be world’s ideal crypto currency as it capable of achieving mainstream status and been used for daily transactions.
HOW TEMTUM SOLVES BLOCKCHAIN TRILEMMA
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.
OTHER USE CASE OF TEMTUM
Aside from serving as a medium of exchange, Temtum network is suitable for online gaming, it can scale and handle everything transactions from gamers and online casinos. It is also going to be use for POS transactions
CONCLUSION
Temtum network is advanced tech designed to make cryptocurrency go mainstream. With Temtum, everyone on earth can transact and transactions will still be fast , secured and decentralized.
Stay Connected with this wonderful Project:
Website : https://temtum.com/
Whitepaper: https://temtum.com/downloads/temtum-whitepaper.pdf
Telegram : https://t.me/temtumcommunity
Twitter: https://twitter.com/wearetemtum
BTT Name: Osasu
Btt Profile Link: https://bitcointalk.org/index.php?action=profile;u=2591997
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!