The core deliverables of TARUSH
Investors and users are always keen to learn about the “latest” stuff being offered by a newbie venture and this concern has grown exponentially in the recent months. Maybe it’s because of market saturation and how several ICOs have failed to deliver. Well, to start with, you do not have to worry about the security of your investment with TARUSH since we do not offer an Initial Coin Offering. In fact, we are providing a truly decentralized solution without any team or office. Therefore, all that matters is the technology stack and not the “PR” of the people running it.
Before we move on to explore a variety of perks offered by TARUSH, it is very important to realize that it does not happen to be business, but a solution. By the end of this article, you will have a better sense about it.
Airdrop
Let’s have a look at its significant other first. Most of the crypto ventures love starting off with an ICO and their reasons are also understandable. They are in dire need of “seed funding” to kick start. However, due to the unique business model of TARUSH, we do not require one. Instead, we offer an Airdrop.
It implies that we do not require the community to make an investment, in fact, we give away the tokens randomly as an incentive. Yes, that sounds amazing and it is literally “free money”. Just imagine waking up one day and realizing that your wallet has a 100 TARUSH tokens that you did not even know about before…
We believe that instead of forcing our loyal community to make an initial investment, lock their funds and then start getting profits after 3–5 years, it is wise to offer them an extensive list of utilities and stir the usage of tokens.
Moreover, it should also be noted that we do not withhold the coins in any phase, whatsoever. The entire token liquidity belongs to the community and we do not possess even a hundredth fraction of a token. Cryptos were meant to offer feasibility to the general people and that’s where it truly belongs.
Security and privacy
Plenty of people use cryptos merely because of their secure and private nature. In some trades, extremely sensitive data is exchanged and it is crucial to keep the identities of the users and the publically available ‘content’ regarding the transaction as scrutinized as possible. This is where MimbleWimble comes into play and due to its architecture, TARUSH has taken a lead in the niche.
When we are talking about these two factors together, we are basically referring to confidentiality, which often lacks in traditional networks, mainly because they transmit entire transaction data to an array of nodes for verification and broadcasting purposes. As a result, anyone with a certain amount of tech knowledge has the ability to monitor these transactions and ultimately, form a connection between them. We don’t think that’s a wise thing to do.
In order to prevent that, we implement a blinding factor approach as an inherent feature of the MW blockchain. Hence, if two parties are involved in a deal, there is no way that any third person could ever know the details about it. In other words, there is an entirely isolated system working to guard a financial activity.
We understand that when data is to be committed to the ledger, certain details are to be made public and anyone can read them. Therefore, we take an extra leap here and ensure that minimum details are taken from the users to verify a trade, so every block gets rid of the following sensitive data:
- Sender’s address
- Receiver’s address
- Amount being sent
Efficiency
One of the primary reasons for pursuing cryptocurrencies is because of their unimaginable transaction speed as compared with fiat. If you have ever transferred money Internationally, you already know that the banks charge a huge amount of transaction fee and take several days in the process.
Digital currencies make that process efficient (in a matter of minutes and seconds). Moreover, TARUSH aims at providing at incredible throughput of 100,000 TPS. Just to clue you in regarding the benefits — we charge in cents only!
Scalability
In traditional systems, databases and centralized systems are used which seriously prevent a network from scaling. However, in the case of crypto, since all nodes are decentralized, there is no limit for the number of users.
Let’s get deeper into this perspective. Even the BTC network, that was meant to offer scalability, is now suffering from the aftermath of ‘unjustified’ blocksize, which is 1MB. If you look at it, the amount of information required to be stored in this data structure is huge, but the size cannot be altered.
Contrary to this, TARUSH has a fairly smaller block size and this is because we take the ‘bare minimum’ data from our users and only publish the following information to the ledger:
- Output list
- Signatures
- Input list
Some of you may be skeptical as to how we prevent double spending of tokens and that is done in quite a fascinating manner. Basically, at the time of every transaction, our algorithm takes the sum of all inputs and subtracts it from the sum of all outputs. If the result is zero, there is no need to worry about double spending. It’s that simple and the reason why BTC transactions take so long is that they send the details to several nodes for verification — which is not required at all!
Furthermore, our chain size is also regularly optimized by getting rid of the intermediaries involved in different transactions. We do not think that storing their information is a clever thing to do when it merely makes the network more ‘heavy’.
Official Site: https://tarush.tech/
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