Quantum Computing Threatens Blockchain Viability, says temtum Founder Richard Dennis on BLOCKTV

temtum Founder and Senior Cryptography Advisor, Richard Dennis MSc recently appeared in an interview on BLOCKTV to discuss how temtum and the TemporalBlockchain can fix the problems that traditional cryptocurrencies and blockchains have had trouble with in the past. Hew spoke about the importance of quantum computing:

‘We will see in the 5 to 10 years, that quantum computing will be more mainstream. What quantum computing does for the blockchain is that it reduces the resources needed to guess for example private keys.”

The full interview can be viewed here – https://blocktv.com/watch/2019-05-30/5cefe2df2bc79-new-blockchain-looking-to-resolve-network-issues

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. It’s promise as Dennis says in the interview is in terms of energy. A unique consensus algorithm that does not require high end computing hardware to confirm transactions makes Temporal a greener blockchain solution.

A temporal rolling blockchain solves the problem of traditional blockchain current exponential growth, instead replacing it with a constant fixed-size blockchain. It has also more potential in terms of scalability as 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.

Developed from the ground up with other leading cryptocurrencies pitfalls in mind, temtum solves many of the inherent problems that have stalled the adoption of crypto and blockchain solutions to create a coin that has the ability to enable financial freedom away from centralised institutions.

Comments are closed.