TIM: Point-to-point digital currency with high bandwidth characteristics-digital currency project reviews

Statement: The content of this assessment is for reference only, and any investment behavior based on the content of this assessment is not related to the content of this assessment. Projects are risky and investments need to be cautious.

The TIM Project created a high-bandwidth point-to-point currency block chain structure that would enable the various types of social value commodities to be processed efficiently on a single system, thereby increasing the commercial, security, dispersion, and reliability of the cross-industry sector. The project applied Elastic DAG Architecture Technology, GPS node identification technology, free sub-chain and quantum security encryption technology. Tim is also the world's first blockchain project based on quantum security technology.

De-centering is one of the important characteristics of blockchain, but it also brings the problem of low efficiency in processing data. The possibility of replacing intermediaries-based financial or business systems is now becoming a reality through the use of massively dispersed ledger technology. The many types of utilities currently being tested on the DLT-based architecture, although early successes can drive the digitization of various types of business, the bandwidth of the blockchain has largely limited its applicability and rapid development. In addition, bandwidth issues increase the cost of transaction consumption on most blockchain projects. Up to now, most of the solutions for blockchain bandwidth problems tend to go back to semi-centralized, or even centralized, directions. Tim is addressing the industry's current pain points by directly improving TPS without sacrificing the need for a centralized solution, and increasing the TPS to hundreds of millions of levels.

The TIM Project is a high-bandwidth point-to-point digital currency, while the TIM Project extends the technology through the elastic DAG architecture, enabling TPS to reach billions of levels. If this technical feature is realized, it will not only solve the problem of the current network congestion of BTC and ETH, but also greatly improve the new TPS standard of the blockchain industry.

Similar competition items include EOS, Zilliqa, and so on, both project development and the sale of tokens earlier than Tim.

EOS is an underlying blockchain platform that serves high-performance distributed applications, and one of its performance benefits is the ability to support millions of transactions per second. The TPS for EOS can be said to be a competitor to Tim, but not enough to pose a threat. However, the EOS modular Intelligent contract mechanism and ecological construction is not available to Tim.

Zilliqa project is also the basic chain, the starting point is also to solve the problem of transaction speed and scalability, and zilliqa in the acceleration of the same time also take into account the security, so that the two find a relatively optimal balance point. The TIM Project's TPS is far superior to zilliqa, but compatibility is not necessarily better than Zilliqa.

Team risk: The founding team does not have a particularly clear delineation of responsibilities. As a groundbreaking project for the blockchain industry positioning technology revolution, it is important to identify a clear CTO as the lead person for technical research and development. Therefore, from the perspective of the internal construction of the team, there are some potential responsibilities hidden risks.

Code risk: By looking at the code on GitHub open source status and update rhythm, the project code is characterized by the early submission of a relatively concentrated, but almost two months without action, relatively updated rhythm is not particularly smooth. In addition, the Code view on GitHub is relatively low.

"Token name" TIM

"Token type" ERC20

"Total tokens" 110 million

"Crowdfunding amount" no disclosure information

"Accept Tokens" BTC, ETH, USDT

"Presale Time" March 2018

"Public Offering Time" July 2018

"Whether KYC" is

"Whether or not to lock a position" is

"Distribution of Tokens"

ICO public: 42%

TIM Foundation (Foundation): 30% (hedging 3 years)

Seed investor (Seed Investor): 8% (hedging 2)

Partner (partnerships): 7% (lock 1 years)

Project team: 4% (hedging 2 years)

Project Consultant (Advisors): 4% (hedging 1 years)

for excitation (Bounty): 2%

Early ICO (Pre-ico): 3%

In the token allocation scheme, the ICO share of the 42%,tim Foundation is 30%, although there is a hedging mechanism, but relatively high proportion of the Tim Foundation, the other amounts are in turn dispersed by seed investors, project consultants, project partners and project teams, and for incentives, This part of the token allocation is basically reasonable.

Quantum Security Cryptography: The TIM Project is the world's first blockchain project based on quantum security technology. Quantum security encryption is an important technical feature of Tim Network prototype design, and the multi-graph generated by the TIM Network is equivalent to the Ramanujan graph. If the network partition runs to a certain threshold size (~400) above, multi-graphics will automatically generate a super-signal such as a meta-encryption key. The overall generation mechanism design is collaborative, where each graph miner calculates an equal amount of contribution by keeping his records on the root of the system. When you sign a block, it is easy to verify the nature of the system root. Multi-graphics miners are also effective in ensuring a larger network of graphics systems (>80 TPS) requirements.

Elastic dag Schema: The graph miner collects transactions from the waiting pool of the same graph and verifies any transactions that were signed by the earlier owner. The graph miner maintains a utxo record of three graphs, one is a local graph, the other is randomly selected with a common edge and a long-distance neighborhood graph (if the partition size is greater than 3 o'clock). The selection of adjacent graphics and long distance graphics is random for each figure's diggers. The Utxo block size is less than 3MB for three graphs (88*10000*3 bytes for graphs loaded with 10KTPS). From the collected transactions, only a certain percentage (<1/3) of the most unpopular transactions are signed by the chart miner to check. After that, the graphic miner will once again concentrate the new information from the local miners in the same graph. The process of peer verification will continue to work, which is the basic mechanism of a DAG (directed acyclic graph, abbreviated to graphics).

Free sub-chain: The TIM Network can host up to 2^60-1 child chains in a single namespace. Sub-chain participants need to place at least 5 tokens or specified by a child chain creator. The sub-chain is mainly for the Challenger node to play a reliable role, and the sub-chain does not need continuous mining. The built-in sub-chain can mitigate the emergence of double payments through the fight against the payee and Challenger nodes. The specific process is that once the network detects an attack, the attacker is transmitted to the local graph in a timely manner and provides evidence that the chart miner solves the problem by assigning the attacker's bets to the challenger. Each transaction in the child chain has a 120 block lock, and once the block height exceeds the network preset limit, the network automatically deletes it.

Attribution Proof: This is a network mechanism to avoid the flooding of hash calculations. In the rational world, transactions will be distributed evenly across continents. Attackers will misrepresents their real geographic location and commit transactions. When this number is low, it's not a big problem. But to provide a perfect Web service, another form of protection is needed to prevent such attackers. Because the whole network has the uniform distribution of the graph node and the block chain node. This list organizes the distance levels in the hash table, such as the level of the map, to provide navigation and to search for the nearest peer. This list is a hash table (GDHT) that is distributed based on geographic information. The test involves clicking on a node to establish TCP/IP and determining the real location by conversion. The experiment was not entirely consistent, but it played a potentially deterrent role. This is a non-block chain mechanism to maintain the security and reliability of network, and it is also a symbiotic response of peer network application for its own benefit.

The TIM Project code is open source State, the code base has 48 projects, there are 45 commits and 2 branch projects, 4 code contributors; As of now only 2 people viewed, 7 likes; the latest code update occurs June 19, 2018.

Overall, Tim project early-stage code open-source degree is relatively high, technology development progress disclosure is more transparent. However, the frequency of recent updates is low, while open source code view is significantly less focused. The proposal should increase the exposure of the project, and ensure the constant and stable update frequency and quantity, and guide the users and the public more attention.

Tim Project is a high-bandwidth point-to-point digital currency, the positioning of the project is an industry pain point, but also a lot of project foundation chain Research and development and the direction. such as Eos, ZIL and many other projects known as TPS millions, but the actual development of the current situation, such as the EOS main network has not achieved the expected results, and EOS main network on-line bug frequency, not smooth sailing, So Tim billion level TPS technology development is difficult to imagine.

Tim is the world's first use of quantum security technology blockchain project, in the security development is very pioneering and revolutionary, but will face no small challenges, at the same time, the project also put forward a large number of 2^60-1 free sub-chain bearer and attribution certification and other technical and institutional requirements In conjunction with the Code Development Update status on GitHub, the project was updated in a timely and large quantity, but almost no updates and too many code viewing records in nearly two months.

So overall, the Tim Project puts forward the technology development and the challenging technological revolution based on solving the pain point of the industry, but the actual execution is relatively slow, the initial judgment is difficult to develop, and it will face the practical constraints and technical challenges.

According to Tim's road map, the overall roadmap plan for August 2016-March 2021 was planned. This article describes the product requirements and initial teams that originated from the IoT in the early stages of the project, and the initial prototype of the Tim Project was born in November 2017, followed by a timeline designed for pre-sale, the main network release wallet integration, application planning and other important stages. According to the road map, the main network is currently on the line, the overall development rate of about 30%, belonging to the development of the project in the earlier stage.

The concept and prototyping of the TIM Project has been opened and the new Tim Blockchain team has been built, the official website of the project is completed, and the Tim White Paper has been announced, through the initial experience of the IoT product project and the original team building. , the project official website and other channels did not query the early planned pre-sale and alpha release, as well as the split testnet and limited token sales start testing links, these two states need to further follow textual research.

Prabhat Kumar, founder of the project, has a strong technical background, graduated from India's famous science and technology institutions, and has worked at JPMorgan Chase, UBS, and Standard Chartered and other famous financial companies, which can be said to have accumulated a lot of experience in economics. The above two points are crucial for the blockchain industry. Other four members two of them have a technical background, the other two are biased towards business affairs, the team's overall division of labor is not particularly clear, no specific CEO, CTO, COO, CMO and other specific matters of the leader of the company, will cause the team to build thinking not enough feeling, did not form a perfect " Corporate integration. "

Prabhat Kumar:2007 graduated from the Indian Institute of Technology. Tim Project founder and CEO of Tim Foundation. He has worked for the Fortune 50 banks such as JPMorgan Chase (JP Morgan&chase), Standard Chartered Bank (Chartered) and UBS. Research papers on fuzzy logic, neural networks and genetic algorithms are published. is also a senior data scientist, familiar with computer Golang, Python, JS and C + + programming languages.

Vipin Verma:tim co-founder, has extensive experience in the design, development and management of enterprise applications. Successively in Gyanmatrix, Capgemini two companies to serve as engineers. Developers of AngularJS, Reactjs, D3js and Web3js have worked on mobile app development for operating systems such as Android and iOS.

Legal counsel for S Barkatspllc:tim Blockchain (IE Tech LLC).

Prashant Singh:tim Blockchain project manager, and specifically responsible for bank relations and product partnerships.

Debajyoti Biswas: Software engineer, familiar with Angularjs, Python and other computer languages, but also responsible for project content direction and document management work.

Advisory team of three people, many with traditional industry finance, technology, venture capital, management and other backgrounds, should be said in the early stage of enterprise construction and the medium-term development will play a great help and promote the role. However, due to the fact that there are no blockchain practitioners or related project experience, there will be no small understanding pressure and limited guidance for the new form of blockchain in the long term.

Lucas Cervigni: Venture capitalists, authors, television presenters in cryptographic ventures, international business affairs development advisers in the areas of finance, technology and blockchain.

Warren Whitlock: Director of content at Coinagenda company. Provide strategic support and advisory services for ICO, Blockchain and enterprise development, etc. is a business endorser with a huge network of business resources. Sreenivas Herugu: Financial technology advisor, entrepreneur, ICO project consultant, business mentor and investor at Wall Street banking, with over 20 years of experience in software development.

There is currently no disclosure of information about institutions, organizations or companies that have invested in the Tim Project. This can be a preliminary judgment of several possibilities, the first: The project is not favored by the investment institutions; second: The project is also very early light-weight development operation, the project side with its own capital operation, do not want to introduce external capital and partners, is in the project development stage of high-control project; third: Investment institutions and capital are docking, The follow-up cooperation and development are awaiting.

In any case, the assessment of institutional empowerment is lower in terms of the current stage.

Tim has established a high-bandwidth point-to-point, data storage and value Exchange structure system, which is based on the structure design of the digital cryptocurrency and space double-layer system, which can effectively ensure the safe and efficient storage and exchange exchange of all participants. The biggest highlight of the project is a series of technological innovations such as quantum security, elastic dag Architecture, free sub-chains, and so on, so that the TIM project has broken through many of the boundaries of existing blockchain systems. It also enables the TIM Project to achieve a new level of magnitude requirements and vision for the future, while the project technology features application planning will be refined to the enterprise Blockchain services, administrative office and individual blockchain. It also makes this new architecture more reliable and trustworthy for long-term community building and support. But given the new technical height of the Tim Project, the follow-up has also made a high demand for the development team.

In summary, Tim has a total score of 5.24 points, Grade B + grade, general ability.