Blockchain technology is based on cryptographic algorithms designed to prevent data distortion. Each block includes a hash to the previous block, so its impossible to substitute an intermediate block in the ledger. At February 2017, TIM IOT division has developed the IOT device (ASIC chip) which can directly talk to TIM blockchain. This is developed using PUF technology (Physical Unclonable Function) to prevent spoofing attack, so that no one can create a copy of it and do spoofing attack on Private TIM blockchain Network of our clients. These IOT devices will be used for many purpose like FX transactions on chip, tracking logistics and consignments and many more.
At the end of the 2017, the project concept and prototypes of TIM Blockchain has been developed and team developed the multigraph simulated network system. TIM uses vertical partitioning of blockchain using geolocation of nodes and is dynamic based on demand. (Load of transaction in a given region). This term is called as dynamic sharding and vertical sharding. The network starts with two default graphs across the globe with partition across the equator line. With increase of transactions, the graphs are forked to create more parallel partitions which could increase the overall throughput of the system.
After the whitepaper completion, TIM Blockchain team published a new and pathbreaking model for how cryptography based digital assets, namely cryptocurrencies or tokens in March 2018. It was based on simple premise of utility value, which means that any asset should be as valuable as its usefulness. Additionally, the pre-ICO of TIM Blockchain had been conducted in March 2018 and collected 3000 ETH from more than 200 investors. The ultimate goal is always reaching higher at TIM Blockchain, so the hard cap is determined where TIM Blockchain needs to reach.
TIM team continued with developing the multigraph test network and integrations the POA network on the public Node multigraph in the April 2018. The blockchain security is achieved by the multigraph generated by sharding of TIM network. The key generation works for network size of above 400, therefore has a future readiness feature. The generation mechanism is collaborative, where each of the graph miner computes the isogeny contribution by keeping oneself at the root. The root nature can be easily verified when the block is signed. This also mandates that the block to be created by one of graph miners. To reach this stage, the size of the multigraph is key criteria.
TIM Blockchain has released limited beta for sharding testnet. TIM uses vertical partitioning of blockchain using geolocation of nodes and is dynamic based on demand. This term is called as dynamic sharding and vertical sharding. TIM Blockchain built over Ethereum code base using vertical sharding, on-demand partition, load distribution based on statistical model, DAG based network topology for nodes communication, scoring mechanism using gossip trust protocol, cuckoo filter instead of bloom filter and many more.
Besides the marketing power of TIM Blockchain, project team has established alliances and strategic partnerships across industries in order to enable knowledge creations as well as gaining diverse perspectives from every side of the spectrum. TIM Blockchain aims to cultivate a coordinated global positive community and cooperation on which the basis of integrity and transparency among its members. TIM Blockchain Team are working to expand further, reaching out to larger audiences and achieving the next goal (hard cap), amongst having numerous existing partnerships.
And finally, TIM Blockchain is pleased to announce that the crowd sale has begun at the 15h September 2018 and the fastest contributors got their TIM tokens secured. TIM tokens have been sold to the general public with appropriate KYC and AML compliance. The crowd sale has been conducted on the LAToken platform -https://[Suspicious link removed]/2Oaog0c currently a Top 50 Cryptocurrency Exchange. TIM Blockchain has announced that to help investors in current market conditions, Ethereum price are pegged to US$400. This gives them more TIM tokens than their ether would otherwise buy.
The TIM foundation aims to strengthen communities across the globe using technological advancement and innovation. We are committed to create one of the most viable public, scalable, secure, permission-less blockchain of choice for enterprises, governments and partners.