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Topic: [ANN][TEM] temtum - Quantum secure, feeless & lightweight decentralised network. - page 24. (Read 8301 times)

member
Activity: 196
Merit: 12
Just curious about what makes this blockchain will be ultra-lightweight? and What algo that will be used by this platform? what means of the quantum secure decentralized network? is that means this one will be quantum resistance?
How many nodes participated in your tested to achieve 120k TPS? is there a proof for that?

The network is lightweight as we are able to run the entire VISA network on just two mobile phones and yes it is quantum secure.

Our key pair generation algorithms and hashing algorithms use a modified versions of two quantum resistance algorithms currently pending certification by NIST https://www.nist.gov/ in their latest round of finding the next standard in this area.

For a more detailed answer Richard did an interview about this here - https://finadium.com/hacking-scandals-push-crypto-exchanges-to-quantum-security-premium/

Re the 120k TPS test I will find out how many nodes participates and get back to you re proof.

Full interview below.

"Crypto exchange hacks make consistent headlines, with industry heavyweight Binance being the latest to announce millions in losses. That’s why startup tech firm temtum is seeing momentum for its quantum cryptography tech developed for the blockchain.

temtum describes itself as a next-generation blockchain: a feeless, lightweight, peer-to-peer cryptocurrency with which anyone can support the “Temporal Blockchain” network. The Temporal Blockchain is the culmination of five years of research, 12 peer-reviewed published papers and four years of blockchain development.

The UK-based startup was founded in 2014 by Richard Dennis, CTO of Dragon Infosec, a cybersecurity and cryptography group, and lecturer at Portsmouth University’s School of Computing. At the moment, temtum’s team is speaking with tier one crypto exchanges as well as casinos about the use of quantum security tech, with more details expected to be released over the next few weeks.

We spoke with Dennis about exactly what the practical application is for quantum, both pure and applied, in the crypto world.


He explained that company’s application of quantum to security is three-fold: quantum source of randomness to select leaders; and quantum resistant algorithms for public and private keys as well as for hashing algorithms to link the blockchain. “We’ve really gone multiple levels of how we use quantum. We are one of the only tech companies in the world right now using multiple sources of quantum,” said Dennis.

In the first instance, the science of quantum physics is used to generate random numbers in a way that classical computing is unable to: “The benefit to this is quite simple: you cannot pre-guess these numbers and they are truly random. With a normal computer, if you do random number generator enough times, eventually you will see a pattern,” said Dennis.

He noted that he has previously presented research showing that he could generate the private keys of a bitcoin wallet based on having the public key, because the sequences are not actually random: by using quantum security, the ability to do the kind of attack suffered by Binance would be zero.

This underpinning pure source of randomness is based on the NIST (National Institute of Standards and Technology) beacon, which broadcasts a constantly changing 60-second value. It’s used in temtum’s condensed algorithm to select leaders for transaction confirmation on the blockchain: “You can never get yourself into a position where you can control the network, you can never force yourself into a position where you will be the next leader,” he explained.

In addition, temtum’s hashing algorithm, a critical component of blockchain management, is also quantum resistant: it’s passed private third-party security testing, but is not yet the standard approved by NIST.

Some of the biggest concerns arising from quantum computers stem from fears of a potential future in which they are used for breaking current cryptography methods. Most traditional algorithms can be impacted by quantum computing, resulting in a game-changing reduction in the probability of guessing the key, explained Dennis.

“The development of quantum computers is happening at an amazing rate and within the next five to 10 years we may see commercial computers capable of reducing the encryption strength,” he said"

member
Activity: 196
Merit: 12
I want to believe the OP is member of the project team and this will be an advantage to the thread for concise answers and regular update. Have seen a lot of high rank member interested in the project but have not seen any spreadsheet ratings. I am still worried about IEO and dont know if the year will end on a good prospect with IEO. The project seem to be building a large community at the moment on telegram but dont know how efficient it could be 

Our IEO partner will be announced soon and the project will be picked up by reviewers in due course.

In the mean time we are audited by BSI https://www.bsigroup.com/en-GB/ and if you would like to read the reports they are here - https://temtum.com/reports/.

Blockchain Security Assessment - https://temtum.com/downloads/Dragon_InfoSec_Blockchain_Security_Assessment_Report.pdf
Wallet Web Application Test Report - https://temtum.com/downloads/temtum_Wallet_Web_Application_Test_Report.pdf
Wallet Re Test Web Application Report - https://temtum.com/downloads/temtum_Wallet_Web_Application_Retest_Report.pdf

Let me know if you have any other questions.
member
Activity: 196
Merit: 12
What exactly is the role of your board of directors and do they have any expertise on blockchain technology?

Each of the directors bring skills in technology, business and finance which are essential for any project + startup business.

David Shimmon is a highly experienced CEO of the highest calibre. His last role was as CEO of Ichor Systems, Inc, one of the world’s leading semiconductor businesses. He was also CEO of global digital technology agency Celerity from 1999 to 2008, executive chairman from 2000 to 2008 and executive director from 2000 to 2008. Prior to this he had a number of other senior roles, including president of Kinetics Group, Inc., a subsidiary of Celerity, Inc. from 1996 to 2005, CFO from 1991 to May 2005, and COO from 1990-1991. He has also been the director of The Tech Museum of Innovation in California.

Campbell is the managing director of Beacon Management (Cayman) Ltd and has over 25 years’ experience in the financial services industry. He has considerable experience working with both offshore and local businesses and has specific expertise with local company set up and licensing, fund administration, corporate governance and regulatory risk management. Campbell has sat on various Cayman Islands Government Boards including the Trade & Business Licensing Board and is the former chairman of the Liquor Licensing Board along with review committees for both the Trade & Business Licensing Law and the Local Companies Control License Law. Mr. Law is a Notary Public in the Cayman Islands.

Kanika is the managing director/CEO at Corporate Management Solutions (Cayman) Ltd, a fiduciary boutique. Mrs. Green is an approved director and Anti-Money Laundering Reporting Officer by the Cayman Islands Monetary Authority (CIMA). Mrs. Green has a law degree (LLB Hons.) from University of Wolverhampton in the UK which she completed in 2007, and was called to the bar in 2014. Mrs. Green’s professional memberships include: Member of the Caymanian Bar Association, Member of the International Bar Association, Member of the 100 Women in Hedge Funds, Notary Public for the Cayman.

Hope this answers your question Smiley
member
Activity: 196
Merit: 12
Incomprehensible project. Developers Russian team, and the management team from different countries. How did you find each other?


Will be creating a video on how the team met but it was born from Portsmouth University with Richard Dennis PhD and Ginger Saltos Msc.

Temporal has been in development for 5 years and is audited by BSI.
jr. member
Activity: 168
Merit: 3
I did not find anything about emissions and consensus.
everyone wants to earn something, will it be possible? or only earn you?
hero member
Activity: 2562
Merit: 577
the announcement is very nice. but would like to know why the photo of the director of your project is smeared? i tried to find information on it did not give anything in the search. how to contact him?

I really don't know why the @OP don't bother to be active in this place, i would suggest you join the telegram group chat, there are several update about Temtum and recent interview of the founder there, very informative i would say, so far from what i have read i think Temtum will be a very noticeable project in this ecosystem.
sr. member
Activity: 826
Merit: 262
the announcement is very nice. but would like to know why the photo of the director of your project is smeared? i tried to find information on it did not give anything in the search. how to contact him?
member
Activity: 686
Merit: 35
I want to believe the OP is member of the project team and this will be an advantage to the thread for concise answers and regular update. Have seen a lot of high rank member interested in the project but have not seen any spreadsheet ratings. I am still worried about IEO and dont know if the year will end on a good prospect with IEO. The project seem to be building a large community at the moment on telegram but dont know how efficient it could be  

So in essence, you are only waiting for the confirmation of an IEO before you can consider joining the campaign Grin  you are most certainly a smart hunter Wink, nobody wants to work like that without a guarantee of getting paid, if you have visited the telegram chat as you said,
i hope you took time out of your busy hunting schedule to read the wp and most especially watch all the videos posted about the founder and ceo Rechard Dennis
I think the one he talked about is journey in crypto can give you an understanding of the kind of person behind this project,

This is not your everyday CEO that have zero knowledge about the project they spearhead but only rely on the help of the dev team,
You should be able to know how to spot a good project when you see one but since the crypto space is full of scams and fake project, people now find it difficult to Know what is legit or scam,

Temtum could be your next be project, all you need to do is open your eyes and see beyond Grin
hero member
Activity: 2366
Merit: 504
Just curious about what makes this blockchain will be ultra-lightweight? and What algo that will be used by this platform? what means of the quantum secure decentralized network? is that means this one will be quantum resistance?
How many nodes participated in your tested to achieve 120k TPS? is there a proof for that?
hero member
Activity: 2464
Merit: 519
I want to believe the OP is member of the project team and this will be an advantage to the thread for concise answers and regular update. Have seen a lot of high rank member interested in the project but have not seen any spreadsheet ratings. I am still worried about IEO and dont know if the year will end on a good prospect with IEO. The project seem to be building a large community at the moment on telegram but dont know how efficient it could be 
legendary
Activity: 3080
Merit: 1178
Leading Crypto Sports Betting & Casino Platform
What exactly is the role of your board of directors and do they have any expertise on blockchain technology?
member
Activity: 322
Merit: 20
Decentralized Gaming Platform - Play & Earn $
Incomprehensible project. Developers Russian team, and the management team from different countries. How did you find each other?
member
Activity: 196
Merit: 12
The project is currently privately funded and will be going through an IEO soon.

Exchange partner will be announced shortly!
sr. member
Activity: 882
Merit: 277
If i had a dollar for every "had i known"
Will this be an ico project? couldn't find the info on the website
brand new
Activity: 0
Merit: 0
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newbie
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Reserved for Chinese Translation
jr. member
Activity: 434
Merit: 1
Follow in REAL TIME every new post published on this category
on Telegram Channel

Watch a preview :
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Both of them are a great to startup a project, I really love how they can collaborate each other. Expect some nice opportunities to see in the future.
newbie
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Follow in REAL TIME every new post published on this category
on Telegram Channel

Watch a preview :
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For more info contact @CryptoH24Admin  https://t.me/CryptoH24Admin
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