TIM Blockchain

The trend has largely fueled an explosion of fundraising through initial coin offerings (ICOs), in which ethereum-based tokens were sold as the native currency for applications that were ostensibly being built, but in many cases have yet to see a real launch. To put it in different way , there is plenty of fodder for the narrative that while ICOs will welcome your money right now, real, working dapps are always a day away. And yet a few dapps are starting to attract active daily users in the hundreds and thousands. These dapps have a few things in common. FCoin, Bancor, CryptoKitties and etc. — all facilitate trades of crypto assets in one way or another, though they have a range of business models, from exchange to game to market maker. Successful projects also tend to have a relatively intuitive user experience, something dapps in general struggle with.

Bryce Bladon, a co-founder of CryptoKitties, imputed that dapp’s success to the fact that it “managed to introduce customers to the blockchain in a way that was fun, interesting, and accessible.”

For all these dapps’ relative outcome, it must be said: daily user-bases of a few hundred or a few thousand are ridiculously small compared to those of the biggest centralized apps — Facebook has well over a billion daily active users.

The Ethereum Network is on-going into congestion issues once again. The cryptokitties Dapp locked up the system a few months back, but now even Binance has increased fees in the wake of the new traffic jam. Solutions tests are in the works, but they have no specific timeline and are arguably not proven to be possible. With Ethereum running at full capacity, Dapps may be forced to look for solutions to their problems before Ethereum’s issues shut them down completely.

The dramatic increase in GAS fees is attributed to the viral popularity of a slew of games emerging from online forums. While not as prejudicial to Ethereum transaction throughput as CryptoKitties, these new dApps have amassed over 26,000 transactions in 24 hours, causing GAS costs to double in price to $0.02.The spike in Ethereum dApp game interest has demonstrated the fragile nature of the Ethereum blockchain, illustrating the impact of a relatively small increase in transaction throughput on the capacity of the network. Ether Shrimp Farm, one of the most popular games causing network congestion, places players in control of a virtual shrimp farm with the goal of optimizing shrimp production, ultimately trading eggs for ETH.

New solution of Quantum-Secure Blockchain

TIM is GPS united with blockchain. And this changes everything. It exponentially upgrades the performance of permission-less agents by a new consensus mechanism based on geomining. The dapps become hyperlocal and geo-location aware. This boosts security and experience. The MVP network, at BitPost, provides 100k+tps capabilities for token transactions, smart contracts, IOT array operations scalable to 100M tps. TIM network is automatically and dynamically managed by swarms and geo-mining for load distribution, fraud detection and network operations.

A multi-zone blockchain running on specialized proof of belongingness based swarm defense app mechanism. Along with standard dapps, TIM blockchain provides hyperlocal geo-fenced dapps for economical and performant system of utility dapps. The defense mechanism works by a swarm of community apps which are run through communities or organizations with special smart contract with TALKING Foundation for providing a useful service along with proof of location for geo-mining

The blockchain can handle all natural dapps like transaction, insurance, speculation, contracts etc. In addition to the above dapps, TIM can also host geo-fenced dapps which boosts the security and privacy.

TIM will have 1.1 billion tokens and normal production rate of 0.01 tokens per second per DAG. The production rate will be regulated by foundation to match human population. The notion of matching human population is for promoting a philosophy of growth. The tokens will be rewarded in new blocks every 5 seconds. The token will be assigned over all the main network for winning nodes of each of the zones. Therefore, the rewarded tokens would be mostly fractional. This is called micro-distribution. These reserved for various kinds of econometric agenda. The major share of pre-mined tokens is reserved for impact investments. TIM foundation has deep interest in propagating DAPPS for impact work for Africa development through various entrepreneurship initiatives. Apart from development expenses, a stability fund from TIMs are reserved by TIM Foundation for helping crypto-currency growth initiatives or helping starved projects. Stability funds can also be used for merging desirable networks to increase development resources or defences for the TIM.