temtum is not a centralized currency for the following reasons:
It has a full and unencumbered license to the Temporal Blockchain technology and beginning in 2019 is providing its own development and enhanced technology. Furthermore it is decentralized because it has 100 servers distributed across the globe, and does not allow for a single entity to manipulate / manage users funds.
Dragon infosec was the incubator company that began the blockchain development back in 2016 that was started by Richard Dennis.
Dragon will not and have not made the Temporal Blockchain open source.
The technology prevents any chance of a malicious fork, through the use of highly secure random number generation and the random selection of a leader node. Should the leader node be malicious, it only has 60 seconds before it’s status as the leader is removed.
The Bitcoin networks speed can be increased and there are solutions out there contributing to significantly faster transaction speeds, but this is still combined with expensive and insecure PoW algorithms and inherent scalability issues due to the size of the chain.
The technology has been a lifelong crusade of Richard Dennis, Mr Dennis began work on this back in 2014 when he was also working as a lecturer of cryptography begining in 2016 Mr Dennis committed to this effort full time engaged other developers and cryptographers, secured financing and built what is now known as the temporal blockchain.
We believe quantum security is critical for cryptocurrencies for the reasons outlined in the whitepaper.
temtum works under decentralization. Using existing payment infrastructure doesn’t compromise temtum but gives it a platform for greater adoption of the cryptocurrency and payment coin in daily life.
Temporal compares extremely favourable against hashgraph and other similar type of blockchain networks for many reasons including security and scalability amoung others. Please see the technology section on the white paper.
Generally this is a pertinent point and one we recognized needed to be addressed. We have addressed this though the use of other randomness beacons and are developing our own in house solution.
Yes - as illustrated on the live demonstration provided on the website.
The NIST beacon is a US government backed random number generator, utilising sources of light to create genuinely unpredictable numbers.
Alternative random number generators use software to create numbers, which leaves them exposed to predictability in that an algorithm is generating the value. temtum makes use of quantum sources of randomness from NIST in our timestamps and in the selection of leader nodes. This protects the temtum network from bad actors and double spend attacks.
Nodes are known for joining networks without rewards for many reasons this would not be unprecedented.
It increases the potential cost for an attacker to Sybil the network.
temtum is currently a private network, but once the reputation system has finished development as outlined in the roadmap, the network will be made public.
Our unique reputation system monitors all nodes for malicious behaviour before allowing them to participate on the network.
No, Dragon have simply provided the incredible technology of the Temporal Blockchain, the temtum Network is completely independent of Dragon and its team.
The temtum Network gets faster and more secure the bigger it gets. The Network will scale with adoption, meaning temtum only improves as new integrations are launched.