Temtum is an innovation that sheds light on the true future of block chain technology. It shows the world the strength and future we expect from the system. It creates an environment that is fast, reliable and efficient. It reconstructs the peer - to - peer network and makes it useful as a stand alone crypto currency and can be integrated into payment infrastructures allowing the wide use of it in everyone's day to day activities.
The problems with the current block chain technology
Blockchain is a decentralized system that has made a lot of waves over the past years as it has started to transform a lot of industries around the world by providing a digitalized, scalable and reliable system in the course of transacting, distributing and sharing data without a central system which calls for transparency, trust and traceability. However with its theoretical benefits there are some knots to be tightened which temtum has taken up to work on for the flaws.
Scalability
Currently the idea of a block chain system is to be scalable, to be fully decentralized, however the block chain system is yet to fully harness the power of scalability as in many cases high entry points are required I.e massive computational power.
Speed
Although compared to the traditional transactions they are fast however many block chain industries are enormously slow. For example bit coin takes 10 - 15 minutes for a transaction to be completed and the ones that are fast are not block chain technologies.
Resource intensity
There is the use of time and energy wasting mechanism of restrictive consensus such as the proof of work.
Security
This is an aspect that calls for worry, although promised to be reliable and safe it has some loop holes which could make the people lose their trust in the system as the random key generation is open to exploitation by sophisticated hackers giving away privacy during transaction.
Solution offered by temtum
Temtum comes as a medicine to the illness associated with block chain technology.
The issue of speed is resolved by temtum in a satisfiable way that entails progress by creating a highly efficient consensus algorithm and the block limitation size is removed so as to confirm transactions to a block very quickly like a time limit of 12 seconds.
Datas are archived locally to prevent the need of storing the entire chain history on a node. This prevents competition between the nodes and lessens the resource requirement allowing any user to use the platform to as simple as a smartphone user which solves the problem of scalability.
Temporal uses a photon source for random key generation alongside next generation hashing algorithms preventing the network from being vulnerable to sophisticated hackers attack- even when quantum attacks become common.
Temtum's consensus algorithm built around leader nodes and the innovative node participation document removes the need for mining and wasteful restrictive consensus such as proof of work. It uses less energy and of course less environment than POW networks.
USEFUL LINKS
Website: https://temtum.com/
Telegram: http://t.me/temtumcommunity
Whitepaper: https://temtum.com/downloads/temtum-whitepaper.pdf
Facebook: https://www.facebook.com/wearetemtum
Twitter: https://twitter.com/wearetemtum
AUTHORS DETAILS
Bitcointalk username- invbeejay
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=1900615
Congratulations @supzeel! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!