When it comes to money and payment issues, the time involved in processing payments matters a lot. Money payment transaction systems aren’t suppose to be keeping people in suspense or dragging its users into unnecessary tensed moods. Time has gone when money payment transaction processes between two or more parties take longer period of time to be processed.
With the adoption of various high end technologies in the world of today and equally in financial payment systems, it is expected that financial payments will be executed and processed in the shortest possible time no matter the amount of transactions involved. This speedy-processing gain of technologies in financial payment systems is lacking in the blockchain technology.
The blockchain technology – a promising and revolutionary technology aimed at promoting decentralization, enhancing trustless transactions and securing more transactions of any type is really lagging behind in processing speed. This slow processing feature of the blockchain technology has made its applications in financial payment systems to be greatly slowed down. On a more worrisome note, most centralized financial payment systems handle more transactions in the shortest possible time when compared to the lesser amount of transactions the blockchain can complete in its best shortest possible time.
Temporal Blockchain to the Rescue
Consensus or blockchain validation algorithm is really an important key in determining the speed of any blockchain network, to this end, the Temporal Blockchain network came up with an efficient and second to none block consensus algorithm technique which goes a great deal in fastening its speed of transaction processing as well as increasing its drive for low resource block consensus process. The block validation technique adopted by Temporal Blockchain allows one leader-node to be selected at a given time as the node to do the block confirmation, and makes it possible for transactions to be processed at a maximum time of 12 seconds per transaction…..wow what a speedy process!! Also, the Temporal Blockchain does not restrict the size of blocks to be confirmed at a given time to any particular size which implies that more transactions of any given size will be able to be validated at that maximum 12 seconds validation time which is far more higher than many other blockchain networks.
Other Striking Features of Temporal Blockchain
The Temporal Blockchain is open to low power consuming digital devices to serve as nodes, store the blockchain's data and equally participate in the block validation of the blockchain's data.
Since decentralization is the watch word of the blockchain technology, Temporal Blockchain tows this part of decentralization of the blockchain technology by allowing users no matter the level of one's financial capacity to participate in its blockchain network by allowing affordable smart digital devices to be part of the devices used in its blockchain network. Hence block validation or mining is not centrally left in the hands of those that can comfortably muster the heavy financial requirements needed to run other blockchain networks rather anyone as far as you can afford smart devices and equally have access to the internet network, can comfortably be part and parcel of the blockchain network thanks to the Temporal Blockchain ecosystem for providing such wonderful opportunity.
TEM Cryptocurrency as a medium of exchange:
TEM is the cryptocurrency that runs on the Temporal Blockchain and can be used as a medium of exchange of value. The TEM is very easy to use considering the fact that the Temporal Blockchain can run on low-resource consuming digital devices which can easily be afforded by people therefore providing a strong ground for easy usage of the TEM crypto by people.
For more information please visit these links
Website
https://temtum.com
Whitepaper
https://temtum.com/downloads/temtum-whitepaper.pdf
Medium
https://medium.com/temtum
Reddit
https://www.reddit.com/r/temtum
YouTube
https://www.youtube.com/channel/UCxEJq-piVp83Cm3yAOtQgkg