Blockchain technology is unarguable, one of the greatest inventions of our time. Since the launch a decade ago, it has undergone different developments that brought about major changes in the sphere. It is now getting better with the prospects we have here on Temtum.
WHAT IS TEMTUM?
Temtum is a blockchain network that aims at fostering better prospects on the overall concepts of the technology. It’s formation was to be a cryptocurrency. It later combined with the Temporal Blockchain to bring about better changes in the blockchain network.
Hence, the target audience and other enterprises that use the network would be using both blockchain and cryptocurrency. That way, Temtum’s features would promote more adoption of blockchain and the accompanying digital assets.
THE FUTURE OF FINANCE
The overall concept of blockchain is to boost the global financial system in a way that intermediaries wouldn’t be in dominance. In addition, it targets a low-fee transaction system that would boosts the financial system, as more investors would be willing to come in.
Temtum takes cognizance of these needs. That informed the reason behind the robust architecture that promises to change the financial system for the better. In the future, the blockchain would be more usable because cryptocurrencies would be accessible to all.
Besides that, the evolution of blockchain takes a new shape of fostering transactions in a decentralized manner with cryptocurrencies as the major medium of transaction.
FIXING THE PROBLEMS
Temtum also solves many of the problems in the conventional blockchain network. One of these is the low throughput that involves the limited number of transactions processed at a time. In this instance, it promises to facilitate over 2,000 transactions in a second.
On the part of security issues, it brings on the NIST Randomness Beacon. This is charged with the responsibility of changing the security numbers on the network in a minute interval. By that, quantum computers and other security threats wouldn’t have it easy to compromise the network.
Third, the Temtum network also wants to fix the limited number of resources used for computing transactions. The blockchain community is set to witness a paradigm shift that reduces computational power. Instead, it uses only a few powers that make it possible to participate in mining using low-power devices.
OPPORTUNITIES IN THE IOT SECTOR
The Internet of Things (IoT) is another technological framework that is growing massively. The idea is to facilitate communication between Internet-enabled devices. it doesn’t stop at mobile devices because cars are the latest targets to enjoy the robustness of IoT.
The Temtum network is already looking this way. Ideally, the delegation of its blockchain to this sector speaks volumes for the futuristic tendencies of the network. For instance, it hits hard on the fact that it would be applicable in the real world in the due time.
Now, let us consider some of the potential cases where the duo of Temtum network and IoT would merge for a unified effort.
*Mobile Node
Nodes are on blockchain networks to facilitate the confirmation of transactions. The network we have here works towards that with the application in the decentralized community it already created.
It doesn’t stop at that. The developers have looked for more opportunities and found this in the IoT concept. To that end, they went to delegate a specially designed node into a BMW i8 automobile. The idea is to check the possibility of the vehicle to process conventional blockchain transactions while on the move. The outcome of the research was in favor of that outlook. That solidified the fact that the Temtum network and its varieties of nodes can combine in an IoT framework to promote decentralized transactions.
*Mesh Network between Cars
Aside from the mobility of its node, the Temtum network also looked at the possibility of fostering interactions among cars. This facilitated the integration of a mesh network in a BMW i8 and a BMW 220i.
The BMW i8 had all the relevant Internet connectivity in compliance with the dictates of IoT. On the other hand, the BMW 220i was let off without such facilities. To that end, the latter depended on the BMW i8 for any form of communication. The research ended with the outcome being that the BMW 220i could receive data from the other vehicle.
That shows that there is a huge potential for cars without Internet connection to communicate with another with the facility. Already, the Temtum network is looking at incorporating other brands of vehicles in its test-runs. In the future, it can foster connections between cars of all kinds with or without Internet connection.
TEMTUM IS THE FUTURE OF BLOCKCHAIN
Unarguable, the blockchain technology has finally gotten a platform that would trigger positive changes in the entire outlook. Temtum’s solutions are not only limited to the digital sphere. The application also extends to the real world where the IoT outlook would trigger the entrance of Temtum into reality.
Besides, it is already working on payment methods that would be more efficient than the ones currently in operation. That way, it is certain that the Temtum network would make the needed impact in the real world.
USEFUL LINKS
Website: https://temtum.com/
Whitepaper: https://temtum.com/downloads/temtum-whitepaper.pdf
Telegram: https://t.me/temtumcommunity
Twitter: https://twitter.com/wearetemtum
Facebook: https://www.facebook.com/wearetemtum
AUTHOR'S DETAILS
Bitcointalk Username: Waltermeks
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2576323