Cryptocurrency’s Inherent problem
Nowaday,Cryptocurrency is no longer strange, there are many types of Cryptocurrency that exist but there is no one Cryptocurrency to meet the actual use needs of users. There are many weaknesses such as slow transaction speed, high transaction fees, etc …
So Cryptocurrency is still not popular and can not replace traditional payment methods.
- With current blockchain consensus algorithms, if you want to join mining, you will need a high computational configuration. This limits the participation of the majority. This reduces the security and reliability of the blockchain system. For example, can be manipulated and dominated by large mining companies in the world.
- The transaction confirmation time of current blockchain is slow. For example, bitcoin will take 5–10 minutes to verify a transaction. This is very unsuitable for payment.
- Many of the blockchain are using the Proof of Work algorithm, which requires the use of a large amount of power to maintain the system, which adversely affects the environment and the power industry.
- current blockchain can easily be used by hackers to use supercomputers and find private keys. this is very dangerous.
What is TEMTUM?
Temtum is a new, lightweight, peer-to-peer cryptocurrency where anyone can support the Temporal Blockchain network, creating a new world of financial freedom away from centralised institutions.
Outstanding Feature of TEMTUM
- Scalability: With Temporal Blockchain, Temtum do not require save entire data history on all nodes. Tentum stores them on local. And Temtum prevent competition in node selection. This is significant Reduce resource requirements and allow anyone can join in network with basic technologi. It make TEMTUM more decentralize and increase ability scaling.
- Speed: Temtum created a new consensus algorithm. it makes incease speed on network
- Low resource: Temtum’ consensus algorithm removes the need for mining and wasteful, inefficient. it uses less energy and impact less enviroment.
- Security: Temporal is a quantum-secure blockchain network that uses a photon source for genuine random number generation alongside next-generation hashing algorithms. These prevent the network from being vulnerable to theoretical attacks — even in the case that quantum attacks become commonplace in the near future.
Wallet
Tentum have mobile wallet app, web wallet where you can store and manager TEM token. You can access both mobile app and web version. they devenloped a function include a bespoke tentum keyboard for smartphone intergration, which allow user can sent Tem to other user without open Tentum App.
Use case of Tentum
- Medium of Exchange: They believe that temtum has a strong case to act as a significantly superior alternative to existing cryptocurrencies such as Bitcoin in serving as a medium of exchange. temtum has been specifically designed to be more durable than Bitcoin over time, with a scalable structure and at a fraction of the energy usage.
- Point-of-sale (PoS) mobile payment solution to enact the medium of exchange:temtum’s ambition to be the first cryptocurrency to achieve mass global adoption means that we have ensured that the network can fully integrate with standard, real-world payment systems. They have developed solutions for point-of-sale (POS) mobile payments, providing a seamless process for consumer retail purchases via existing mobile or contactless payment networks.
- Currency within online gaming applications: temtum is in active discussions with several online gaming platforms, including crypto payment processors, with an aim to see mass-adoption across the existing online gambling sector. Already developed is a demonstration of how temtum will integrate with online gaming applications in the form of our Blackjack gaming demo. They are targeting a minor niche of online gaming market to secure at least one million gaming transactions via integrations in 2019 alone
- E-commerce payment application:To ensure the adoption of TEM as a viable e-commerce payment solution, they’ve developed a Shopify payment plugin, along with a ‘temtum pay’ process, featuring a quick-buy button, much like those from Amazon and PayPal. This plugin will also be available via our API for custom payment solutions.
Roadmap
Q3 2019
=>> ISO Accreditation
Q4 2019
=>> Increased source of randomness
Q1 2020
=>> Performance Integrity Protocol,Delegation,Sharding
Q2 2020
=>> IoT & Mobility Devices, Homomorphic Encryption
Q3 2020
=>> Payment system integrations
Q2 2021
=>>Smart Contracts
Team
One of the strongest teams in the Blockchain industry, temtum is developed by Dragon Infosec on top of their Temporal Blockchain. Dragon is made up of published cybersecurity and cryptography experts, with a wealth of experience in not only blockchain but corporate business at board level in FTSE 250 companies.
Dr Doug Meakin: President
Richard Dennis: founder and CEO
Dr Gareth Owenson: CISO
Ginger Saltos, MSc: CTO
David Hodkinson: CFO
Cintya Aguirre: CSA
Partners
Conclusion
With the advantages of temtum, this will be a promising potential blockchain. It may be that the first blockchain has a practical application to life, and may be an orthodox payment method later. Find out more about it here.
Website: https://temtum.com/
Whitepaper: https://temtum.com/downloads/temtum-whitepaper.pdf
Twitter: https://twitter.com/wearetemtum
Telegram: https://t.me/temtumcommunity
My url profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1252517
