In today’s world, most of the blockchain coin prices are driven by scarcity model and hype which is not based on real world use case. None of the blockchain is capable enough to meet the demand of enterprise and governments. They need high transaction rate and security against future thread like quantum attack. Most of the banks are still keeping themselves away from existing blockchains because of high transaction fees, partial decentralism and future quantum attacks. From the advent of internet and most recently with innovation of bitcoin to build general purpose blockchains, it appears that the generic goal of humanity is to attain new or more freedom, more equality and more equitable access to resources. And certainly access to information is one of the key means to create a free, equal and equitable world. The progression of bitcoin as a cryptocurrency to USD 100B in 8 years is telling tale that, might be indirectly but, the general world always participates in creating a novel new platform which bring us closer to greater good.
TIM exponentially improves the performance of permission-less agents, in consensus based trust environment with geo-mining based participation for an open, decentralized, secure and distributed network of devices to exchange information. The beta network provides 500 transactions per seconds with 5 seconds wait time, which will scale to 500,000 transactions in both main network as well as hyperlocal networks, by end of 2018. The full launch will be achieved in phases with capabilities for token transactions, smart contracts, and IOT array operations across all frequencies of the spectrum. TIM network is automatically and dynamically managed by public nodes and secured by swarm apps for load distribution, fraud detection and network operations.