temtum: The Temporal blockchain (‘tem’) and quantum randomness (‘tum’)

azizyano (37)in #cryptocurrency • 6 years ago

temtum changes all of that and represents a step change in the evolution of cryptocurrencies. It is also far more than just theory; it is a completed network that is ready for mainnet deployment.

VISION

temtum is an efficient, quantum-secure, ultra-fast, non-resource intensive and environmentally friendly payment coin (using the acronym ‘TEM’), 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.
The integration of temtum into online gaming and e-commerce sites has been demonstrated through the development of demo platforms and plugins, which can enable fast implementation with partners as part of our intended roadmap.

A world-class team

Ginger Saltos, world-class cryptographer and temtum CTO, will lead the development team working closely with temtum founder and senior cryptography advisor Richard Dennis and CISO Dr Gareth Owenson. They are joined by CEO Dr Doug Meakin, Director David Shimmon and the best brains in cryptography and blockchain, alongside a senior team rich in banking infrastructure, commercial acumen and financial services experience.

temtum solves these problems

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.

Random numbers

Real World Applications

The original cryptocurrency, Bitcoin, does have a use case and serves a recognized function as a non-fiat alternative currency that aims to provide an electronic payment system based on cryptographic proof rather than trust, which means that any two parties can transact with one another without needing a trusted third-party. But the flaws inherent in the Bitcoin system mean that it has limited application as a medium of exchange.
We want to allow all users to fully participate in the temtum network regardless of the resources they are able to contribute. The temtum network has been designed from the ground up to run at full capacity on low-powered devices such as smartphones or IoT devices. The only prerequisite to network participation access to an active internet connection or an SMS connection.

Mobile POS payment system

The currency should hold consistent value across all territories and can be transferred internationally without cost.
For peer-to-peer payments (for instance, if users want to split a bill with a friend), it’s free and near instantaneous.
Transactions take just 12 seconds compared to hours-to-days with conventional bank accounts.