Most cryptocurrencies need a significant user base and market capitalization. Many are scrap. They have long been abandoned and are not listed on market price indices With the launch of hundreds of new cryptocurrencies daily, some are intended for a Bitcoin-style explosion, yet the vast majority will flop, crash, and burn. So, is there a formula for the success of an ICO? TIM Blockchain has been followed a number of ways to measure success.
TIM is a two layered blockchain. First layer is root blockchain which only stores Merkle hash of second layer. First layer is very light weight (approx. 4 MB data size). Second layer (Multigraph) is the one which stores all the transaction data in form of blocks. First layer only references the blocks of second layer. Second layer blocks are partitioned using vertical shard. Each node (mobile device / computer running TIM core engine) in TIM network contains entire root blockchain (first layer) and only a part of the second layer blocks. Assuming there are 10,000 nodes in a network, TIM first creates cluster of nodes based on geolocation using partition technology. So, the nodes which belongs to ASIA will be part of ASIA cluster and nodes which belongs to North America will belong to North America cluster. TIM call this clusters as triangles / graphs. The transaction which is originating in North America will participate in triangle of North America. All blocks mined in North America will be stored in each of the nodes which belong to North America region only. However, all the nodes of North America will have complete root blockchain present but only part of second layer blocks which is mined in North America. Similarly, each Node of Asia Cluster (triangle) will contain entire root blockchain of TIM but only part of second layer blocks which is mined in ASIA. This is called as vertical partition of blocks.
In todays 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. This is where TIM will play an important role in solving real use case of the world. From first day to today, TIM always targets to support high transaction rate (up to 100 million TPS), is quantum secure yet low fee and fully decentralized.
The history of TIM Blockchain was started with product requirement analysis at August 2016. The team determined user expectations for the product, it means that defined the product scope. The team defined an initial set of requirements. In further steps of development, the team created detailed issues for daily task sand linked each task with one or more requirements to keep traceability of development activities with requirements.
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.

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