TEMTUM BLOCKCHAIN: BRINGING BLOCKCHAIN INTO THE MAINSTREAM FINANCIAL MARKET

flezy (40)in #blockchain • 5 years ago

60343484_445569796199777_5815880310037938176_n.png.jpg

Introduction
Although the blockchain technology comes with several exciting features for the global market such as immutable transaction documentation, untraceable financial details and decentralized storage of funds. Nevertheless, there are still a lot of problems that beset the current blockchain technology. These challenges limit the applicability of blockchain technology into global payment facilities and credit card companies. Temtum (Temporal) blockchain technology was developed to correct these imperfections of the current blockchain technologies.

TEMTUM (TEMPORAL) NETWORK ARCHITECTURE

Immutable Blockchain Technology
Temtum network leverage on the Temporal technology to offer a storage system which can be easily recalled whenever it is needed. It equally stores the data across several storage nodes and with this, mass participation is ensured in blockchain technology such that even smartphones can be used to access the Temtum blockchain technology.
Temtum Unique Consensus Algorithm
Temporal Blockchain features a special consensus system which helps in ousting any possible external attack on the information stored. The consensus algorithm also serves to reduce energy consumption because there is no longer need for Proof-of-Stake or Proof-of-Work again.
Routing Algorithm
Temtum network uses a routing algorithm which eliminates possibilities of infiltration and intrusion into the protocols. It achieves this through the use of special nodes which is updated with replete information about the network. It also ensures that only the leader node receives the transaction as opposed to sending it to all nodes. Security is ensured on the network through the use of NIST-generated random figures which prevents easy guesses.

Real-World Applications of The Temtum Blockchain Technology
There quite a number of cryptocurrencies that presents highly convincing blueprint, but then, their practicability remains unfeasible. Temtum network offers features that have been proven to be practicable in a real-world transaction. The Temtum team have experimented on the blockchain and it was found feasible as a solution to the numerous blockchain problems.

Temtum offers a cryptocurrency that can serve well as a means of exchange without the need for third-party confirmation of the transaction. The edge that Temtum network has over other cryptocurrencies is that it does not exclude any class of user from its coverage span, such that irrespective of the resource, all users can contribute to the nodes. By allowing all forms of devices such as personal computers, smartphones, and even portable handsets, Temtum ensures mass participation without compromising the transaction speed. The allowance of low-power devices ensures a high storage capacity and eco-friendly resource utilization, making Temporal Blockchain Technology a better alternative to existing blockchain networks like Bitcoin.

CONCLUSION

The Temtum cryptocurrency TEM has features which make it suitable as a good cryptocurrency for exchanges. For instance, it is highly divisible, such that it can serve a global audience as a crypto exchange token. The rate of processing is also abnormally high as it does not allow sharding and it is highly scalable.
It can be easily adopted because nearly all devices can connect to the network. It is equally durable as it does eliminate the need for high computing power. Temtum network can adjust to high transaction volume over time, such that the memory usage can tone up with increasing data input.
Overall, Temtum network is an improvement over the earlier versions of blockchain technologies developed.