TEMTUM BLOCKCHAIN IS MAKING A WAY FOR THE NEW WORLD.

goodnuel (39)in #blockchain • 5 years ago

If you're reading this, I think it is because you have an interest in what the blockchain has to offer, or you are already an enthusiast with a knack for great ideas. This is made possible with the level of awareness that the blockchain had garnered in recent times.

If you're reading this, you are just on time. Today, I will be talking about a really impressive project.

Thing is, the blockchain technology has transformed a lot of things in our world today. Priding itself on operations done through a decentralized, super-fast, transparent and safe system.

Today, I bring you even an upgrade on that, and it's super interesting.

In recent times, the blockchain offered a wide range of groundbreaking features by providing the world with a fully digitalized, immutable, transparent and safe way of transacting, sharing and distributing data globally on a decentralized basis without the need for a central regulative authority. This was the perfect substitute for the older technology in use because they had become almost obsolete.

This new one provides much more.

But the blockchain came with a few downsides too. Or, they had stalled. This has hindered a full-blown mass adoption.

The issue of security had in many times posed a serious challenge to the growth of the blockchain. Because there's been an incessant news of hacks and diversion of funds. With the continuous growth in tec, through the use of predictive computing, hackers can hack wallets by predicting generated keys for wallets. This means, loss of funds.

Speed has also proved a challenge. With an unending clog on networks delaying transaction due to slow speed. Sometimes, a transaction can take up to half an hour to complete, that's too slow for a blockchain.

Truth is, the current blockchain isn't exactly very scalable. They do not offer a fully decentralized system.

On the current blockchain, projects using the proof of work algorithm experience poor performances as a result of an improper environmental marking mechanism and very high energy wastefulness.

So, you see, the apparent need for an upgrade, because, the blockchain with all these flaws can not meet the true ideology of the blockchain. It can no longer offer a global seamless transaction system.

That's why the Temtum project is here.

Temporal Blockchain technology alters the normal blockchain by recreating a proper peer-to-peer system. The projects employ the use of lesser energy, storage space, power, and speed. This features promises to create a more efficient blockchain because even the low-resourced devices and users can take part. Of course, with a very high-security protocol.

What the temtum network promises are pretty straightforward; an ultra-fast and cheap to run blockchain. Here, there's no need for a lot of specialized hardware devices, networks can seamlessly connect and run on any device without the need for a special configuration. This is the true decentralization.

Some of the solutions provided by Temtum

Scalability: For the temtum project, it is paramount to deliver a very scalable system, that's why, through proper implementation, the blockchain removes every need for the storage of an entire chain history on all nodes. Data are locally archived thereby reducing clog and need for competition in node selection. This, in turn, gives room for a higher reduction in the level of energy and resources required to run it. This way, various devices can get a hang on it and use the network seamlessly.

Security: Temporal runs on a photon source because of the use of a quantum-secure network, this will be keyed in to generate random genuine numbers coupled with the next generation hashing algorithm. This will make the system rather unhackable.

Speed: Speed is one of the most important features of the temtum network. This is because since the blockchain is built to solve cross border issues, speed is paramount. Temtum has unmatched speed. This is made possible through the design and use of a highly efficient consensus algorithm that removes block size limitations. Transactions are done in the speed of light, a speed that is so fast that a transaction gets all confirmation in not up 15 seconds.

If you create a transaction, your order is placed on a block, there will be no need for adding additional blocks to the initial block, thereby, confirming the transaction rapidly. That is speed.

Resources: Temtum is bent on cutting the excessive waste of energy. The project focuses on using lesser energy to operate. The usual blockchain, especially those who engaged in mining and proof-of-work mechanism, these are rather wasteful because the consensus is restrictive and inefficient. With the temtum consensus algorithm, built on leader nodes and node participation document(NPD), all the above-mentioned issues will be sorted.