Temtum: Blockchain and Cryptocurrency that Embrace financial freedom

romanbank (45)in #blockchain • 5 years ago

Do you want to enjoy financial processing freedom? If yes, then join me and let embrace a project called Temtum. This project want to empower the showcase the benefits of blockchain and cryptocurrencies in our current and future economy.

Temtum is a network that supports peer-to-peer transaction of cryptocurrency. The platform has created an infrastructure called 'Temporal Blockchain network'. This infrastructure we create a new ecosystem in the financial system. This platform want to revolutionize the financial system from the old and outdated centralized financial institutions into a new digital model with decentralized feature.

WHY REVOLUTION IS NEEDED IN THE FINANCIAL INSTITUTE SYSTEM

In majority centralized financial institute, payment takes a long time before it gets delivered into the other end. I remember some time ago, I went to the bank to transfer money to my business partner, surprisingly the transaction tools more than 24 hours before it could be delivered. The delays make me lose the business and I felt so bad at that period .
Secondly, the centralized financial system operates on a single server. If the server gets down, the entire federation making use of their network will get down tool. This shows that the system is not secure fully to carry out transaction purposes.

TEMTUM's TEMPORAL NETWORK

This is the new component developed by Temtum to carry out a financial transaction at a speedy rate. According to its specification, the temporal blockchain network will be able to handle a transaction of about 120000 transactions per second (TPS). This specification outshine even all other blockchain which has been in existence since the innovation of blockchain came on board. Temporal blockchain network will be able to achieve all I have said because it has high efficiency, runs a consensus kind of transaction and was cemented with an ultra-lightweight architecture.

Temporal blockchain network could be to run a faster transaction because it operates in such a way that transaction are sent to the leader node, unlike other blockchain which send transaction to individual's node. So the Temporal consensus algorithm make it possible for the system to send signals to other unwanted messages, rather it is been sent to the leader node. The Temporal maintains all the integrity and history of the blockchain and same time allows data to be stored on a node. The Temporal consensus algorithm contracts the storage space, thereby indirectly limiting the energy required to process a transaction.

TEMTUM CAN'T BE COMPARED WITH OTHER BLOCKCHAIN WHY?

The Temtum does not use proof of work unlike the other blockchain.

In case if you don't know how it works, the proof of work stake require higher and intensive energy before a transaction could be confirmed.
However, Temtum has devised a consensus algorithm that eliminates all unwanted messages which might require a high energy before a transaction could be confirmed. The Temtum consensus algorithm brings all the scattering into a single calculation, thereby, each node can independently calculate but all results will come once.

CONCLUSION

Mass adoption of cryptocurrency is the aim everybody and what we make people adopt it is based on the infrastructure around it. Temtum has contributed their own efforts to build a technology that will make a transaction runs at a faster rate. Many business men a women want a system that is secured and could be able to handle numerous transaction at a short period of time and Temtum is just the answer.