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"