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Timeus blockchain 3.0

01-31-2019 09:47 AM CET | IT, New Media & Software

Press release from: caaf

/ PR Agency: caaf
Timeus blockchain 3.0

Timeus blockchain 3.0

Timeus is verified blockchain that can be base of laws drafting. Smart contracts are like legal contracts, states are able to collect taxes and to monitor transactions etc.

Timeus uses unique consensus, we called it proof of fortuity (POF). Every block is verified with master node which chosen randomly. Each node is low nodes cluster. Low node is allocated by consumers HDD space and low-node is backup of certain other low nodes. It’s additional security for node’s integrity keeping.

Roman Side in blockchain from 2012. And now with rather deep blockchain penetration, it’s attractive now to develop something special and original. We would like to present Timeus to you.

Let’s briefly mark main Timeus advantages:

- Verification. Each wallet owner have to undergo verification (corporate client to sign a contract)
- Security. Private key is generated according to KYC data + digital signature opportunity)
- Speed and low transaction fees (Timeus - 1 block per second and more than 100k tps)
- Decentralization
- Fair mining without entry barriers
- Different user interface for corporate and individual consumers
- Ready-made solution for smart contracts and smart contract constructor
- Many blockchain branches (KYC, transactions, accounts balances, smart contact, nodes uptime, data storage)
- Scalability (Dapps base, cloud nodes and backups

Remuneration is distributed from special wallet with accumulating a certain transaction's value like reward for holding services. Every participant receives income for data storage (allocated HDD) and its low node uptime.
Generally, you could build whichever application (case) based on Timeus.

Torgim b2b marketplace case

Torgim is a real example of Timeus based project that can bring liquidity in Timeus network.
Torgim idea was born at the end of 2015. After many launches of online stores for our clients, we developed a few ourselves. There was the main problem - processes automatization. I mean content, logistics, suppliers.
Let's imagine a widespread situation… Your supplier sends you product name, code, price, remains etc. It is xml at best or xls at worst. A lot of manual work! To create a product profile, find images, descriptions, characteristics… And updating of all data… But what if there are 10 k of suppliers in your list? 20k? And also trade margin, seasonality and other manual settings. Besides that what if want to work with foreign suppliers and there is no supplier's representative nearby?

Summarizing you must integrate all this, support, update, set and pay for. That’s why to develop unique online store is hard and expensive work.
Torgim is designed to solve problems of all parties. One receive suppliers, delivery, warehouses, content, analytics, and recommendations. Others expand their distributive net, deliver only to the closest Torgim’s warehouse, secure payments and work with one contract. It is free for them both. Torgim earns on the difference between small and large wholesale.

TeusCloud case

Cloud computing penetration now is becoming tremendous. Small companies pay attention to it now and use it wisely. Timeus blockchain gives an opportunity to create secured and solid cloud storage with the participation of users who allocated its HDD space. They receive reward for this service (in addition to rewarding for Timeus net blocks holding).
In order to keep something in the net you must pay once, download your files with user-friendly interface on mobile or PC. Files will be permanently accessible and secured by encryption algorithm. You use file owner key for access.
TeusCloud will be a legal and competitive cloud storage service. Payment will be made on bank account and settlements inside Timeus network in TEUS coins.

Company have a plan to start seed round soon.

Timeus Foundation - is a non-profit organization for developing decentralized blockchain ecosystem.

Timeus Foundation LLP
191023, South Korea, Seoul, Sejong-daero, 04520
Roman Side - CTO

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