decentralized cryptocurrencies and blockchain to empower financial freedom — temtum (TEM)

July 11, 2019
hello readers today i will introduce you to the project blockchain and cryptocurrencies to empower financial freedom — temtum (TEM)

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
The speed of the Temporal network is unrivalled by any existing blockchain technology, with 120k TPS achieved in our lab environment and theoretically unlimited, directly influenced by the scale of the network.
The ultra-lightweight architecture, efficiency and consensus of transactions on Temporal leads to incredible verification speed.
Temporal allows for short term data storage on nodes, while keeping the integrity of the blockchain and its full history. With our consensus algorithm, transactions are no longer required to be sent to every node, instead sent directly to the leader node. Therefore, no wasted resources spent in the needless duplication of messages.
This reduction in storage and processing power makes participation in the network from low-resourced devices possible, whilst using less energy than existing blockchain technology.

Uniquely constructed around the NIST beacon, Temporal broadcasts full-entropy bit-strings in blocks of 512 bits every 60 seconds. This stable method for generating randomness, unpredictability, autonomy, and consistency creates a key theoretically impossible to precompute. Temporal’s quantum mechanics and the use of light over processors, creates a level of randomness never before experienced in computing.
Temporal network topology and security implementation has been tested by Crest accredited firm BSI multiple times and found to be highly secure and robust and validates our claims.

Our consensus algorithm removes the requirement for mining, eliminating the need for highly wasteful and restrictive consensus mechanisms such as Proof of Work.
Proof of work currently requires trillions upon trillions of pointless energy intensive computational calculations in order to confirm transactions.
With our unique consensus algorithm we reduce this to a single calculation which each node can independently calculate and arrive at the same result.
BlockchainResearch
We’ve spent the past 5 years researching Blockchain and boast the only Blockchain PhD as part of our founding team. This research led to the development of the superior Temporal Blockchain, compared below to what is currently considered the leading technology in the industry.

TECHNOLOGY ROADMAP

To demonstrate the technical capabilities of the temtum network — and how few resources a node is required to have in order to participate in the blockchain — we deployed custom code on the head unit (HU) of a BMW i8 as part of a mobility focused project. This allowed the car to function as a fully working node, capable of confirming transactions as the car was driven. The loading of the code into the car did not have any impact on its functionality and was able to run in the background.
Even though the computing power in the i8 is significantly less than traditional computers, it consistently demonstrated the ability to confirm 500 TPS. We believe this is a world-first where a car has been able to act as a full node without the requirement of additional hardware.
Further developments of the mobility project have focused on two main areas:
-The creation of a mesh network using cars as nodes, facilitating node-to-node communication; and
-How this can be integrated into the wider temtum network.

Two test cars, a BMW 220i, and the showcase BMW i8 have been used during testing. As in the previous development cycle, we did not add any additional hardware and only the software on the iDrive systems were modified. We discovered that the BMW 220i, while a significantly less advanced in terms of digital systems than the i8, was still able to fully participate and achieve the same level of performance as a full node (able to store the Temporal Blockchain and confirm transactions when required) as the flagship i8.
After demonstrating that an entry-level BMW is fully capable of participating in the temtum network as a node, we also achieved a mesh network between cars. This allowed the BMW 220i to have its own mobile network connection disabled, leaving it without internet access and instead receive data directly from the i8.
Receiving data from the i8 to the 220i directly, where Temporal and all transactions are also using cryptography, would not present an attack vector. The ability to communicate with vehicles that do not have an active internet connection increases the opportunity for older cars to participate in the network, while removing any mobile data charges and reducing costs for network participation.
Sideloading our application into the existing entertainment system of the older model BMW showed no performance degradation to the driver. Testing is under way to apply this theory to more car brands, including a 2018 Renault Megane, which will allow for direct cross-platform (i.e. from brand A to brand B) communication.
More than half-a-million BMW vehicles were registered in the UK from January 2014 to January 2017, with each vehicle more than capable of participating in and supporting the temtum network. With network scale increasing attack costs, participation via existing mobility infrastructure could ultimately secure temtum beyond levels seen with existing networks, without the need for expensive energy consumption.
Although the environmental impact of fuel-powered vehicles is of some concern, making use of technology that’s already in use and reducing the burden of such networks as Bitcoin on international energy resources is a positive move before more sustainable vehicles begin participating in the temtum network.

THE TEAM

Dr Douglas Meakin — President
Douglas is an experienced technical executive with many years working within engineering, product development, quality systems and processes and operations in leading-edge technology industries. He is a proven business and operations leader and agent of change in a global context, having transitioned large organisations globally whilst managing huge increases in scope, complexity and business volumes. He is committed to effective and motivational leadership of teams and development of human potential. Most recently Douglas was the corporate vice president of global supplier management at Lam Research Corporation, a leading supplier of semiconductor processing equipment, based in Silicon Valley, California. Doug is CEO of temtum and sits on the board of directors.
Richard Dennis — Chief Development Officer
Richard is the founder of Dragon, and a globally acknowledged, prolific and prodigious cybersecurity and cryptography expert. He is also internationally recognised as one of the world’s leading cybersecurity lecturers with a specialism in secure networks, blockchain and encryption. He has a significant body of published research, cited 100’s of times within Blockchain, and presentations on next-generation solutions across a wide range of subjects, including Bitcoin wallet vulnerability, an analysis into the scalability of Bitcoin and Ethereum, and a formal analysis of the Temporal block.
Ginger Saltos — Chief Technology Officer
Ginger has an MSc in Security IT, MSc in Forensics IT and has worked extensively as a telematics engineer. She has five years of experience across public and private companies in security auditing in Ecuador and she has advised the Ecuadorian government about security on systems, policy and procedures. She is currently a professor at ESPOL, teaching programming, databases, security IT and Forensics IT. Open-Sec Ethical Hacker Certificate OP3N-53C 37H1C4L H4CK3R (OSEH). She is also a PhD candidate on the topic of ‘Analysing Malware using Phylogenetics.’ Her key specialisms are artificial intelligence and internet security.
Dr Gareth Owenson — Chief Information Security Officer
Gareth holds a PhD in Computer Science and a BSc in Internet Technology and is a specialist in internet security, cryptography and distributed systems. He has conducted research in large distributed systems with a particular interest in cryptographic applications such as darknets and digital forensics, including developing automated analysis techniques to rapidly reverse engineer advanced malware to determine its functionality and develop countermeasures. He has authored many publications in journals and conferences and regularly serves as a referee for Elsevier, IEEE and CHINACOM. He has conducted a large study into the use of darknets; he is widely recognised as an expert in this field and frequently speaks on this topic. He has also advised the UK and US governments on darknets and internet filtering policy.
David Hodkinson — Chief Financial Officer
David is the co-founder and CEO of Harvex, a specialist firm working with clients in the cryptocurrency, blockchain and online gaming sector. He has worked with multiple high-value ICO’s, advising on international structuring, banking and tax. As a qualified accountant, he has overseen the financial affairs of a wide range of cryptocurrency companies. Alongside this, he has been involved in the strategic launch of multiple online gaming companies and the integration of cryptocurrency with these platforms.
Cyntia Aguirre — Chief Software Architect
Cyntia is a Master of Science in Software Engineering with a strong background in software development and IT architecture. She has four years’ experience both developing as a full stack developer and designing and implementing software as an IT architect for the financial industry (Banco del Austro S.A.). She also holds a PMP accreditation (Project Manager Professional) certified by the Project Management Institute USA.

CONCLUSION

We believe that temtum represents a remarkable new opportunity beyond even a step-change for blockchain and the first mass-adoption of a cryptocurrency. In fact, we believe that temtum can form the basis of an entirely new — and better — way of structuring financial relationships that is more environmentally friendly, transparent, traceable, secure and reliable than existing cryptocurrencies.
We have outlined in this paper how the fundamental values and principles of blockchain have been compromised in the cryptocurrency space due to inherent flaws in the existing technology. This has meant that blockchain cryptocurrencies have not delivered the user benefits they promised and, largely as a direct consequence of this, have failed to achieve widespread adoption.
Temtum’s technology builds on previous blockchain theory but represents a significant evolutionary leap from previous technology, which delivers an enhanced experience in terms of speed, resource-use, energy costs, environmental impact and true decentralisation. Our work in quantum randomness also ensures complete security.
Exploring opportunities within existing markets such as gaming and e-commerce, has opened new opportunities for temtum to provide payment solutions to high transaction platforms, who will directly benefit from the innovations that underpin its proprietary technology. As we have demonstrated above, this groundbreaking cryptocurrency has been fully developed, deployed and tested and is ready for full integration with existing payment systems to ensure the seamless adoption of temtum by regular consumers.
Our vision is a positive one. We believe that temtum will not only transform the blockchain and cryptocurrency markets; it will make the world a better place for more people. That is our purpose and we have a truly world-class and dedicated team that is fully committed to achieving it. We invite you to join us on our exciting journey to the future of finance.
ACCURATE INFORMATION
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
Discord : https://discord.gg/hs3v4g4
Reddit : https://www.reddit.com/r/temtum
Medium : https://medium.com/temtum
Linkedin : https://www.linkedin.com/company/temtum/
Youtube : https://www.youtube.com/channel/UCxEJq-piVp83Cm3yAOtQgkg
Github : https://github.com/temtum

AUTHOR

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