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ICO «TIM»

«Payments»

Private Sale
3.72 (2 votes)
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ICO «TIM» Listed:

March 11, 2018
Community Member:

ICOListings

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ICO Description

TIM is a 2 layer blockchain made of GPS powered 1-hop nodes over a novel blockchain. The blockchain works by a special PoB consensus mechanism. With an underlying sublayer of distributed DAGs(graphs), the global blockchain achieves high transaction rates. The graph layer pools 100 M transactions/s into blockchain with a kilobyte sized blocks.

The nodes mine the consensus and perform transaction pooling by geo-mining protocol, using 1-hop directionality to search nearest neighbors and newer information(transactions).

Thus the enablement cost of TIM network is zero, which means that no additional energy is burnt for security and decentralization is not compromised to achieve high performance.

The choice of choosing geolocation as a means of designing a blockchain was somewhat accidental. If we had not partnered with Singapore Post to make an IOT device to ease their track-&-trace worries, and if they had not put price pressure to reduce the cost per device, we would not have discovered TIM. We evaluated ethereum and uplifted it’s tenets to achieve low cost of operation and making the network fault tolerant so that the clients could use a single blockchain unit across the world without worrying about the bottlenecks created by other regions. For example, the famous ‘crypto kitties’ dapp in Canada, slowed down the whole network around the globe. Such a situation was not acceptable to our clients. The supply chain of Australia cannot get impacted by games or festivals or ICO spree in China, as an example.

Therefore we built parallel graphs to operate independently of each other. These graphs are made of computing nodes over an area in shape of triangle. We initially designed fixed geographic regions in shape of simplest geometrical shape of triangle, but it had security concerns.

✅ ICO TIM VIDEO PRESENTATION

Video

ICO Details

ICO «TIM» Stage Start: June 24, 2018

ICO «TIM» Stage Finish: July 8, 2018

ICO «TIM» Symbol: TIM

ICO «TIM» Platform: Ethereum

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ICO Website
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