TIM ICO Review: The Internet of Money

What is TIM?

TIM stands for The Internet of Money. The purpose of TIM is to create a blockchain network that would be able to handle up to 100 million transactions per second. This has never been done before, and one of the main barriers to cryptocurrency becoming a daily-use payment method has been the slow speed of transaction times on the traditional networks.

tim icoTo achieve this, TIM is creating the ultimate network graph of the entire world by using data collected from local networks, WiFi, and GPS-location systems. With the graph fully constructed, TIM’s unique 2-layer blockchain will be able to create new and faster paths between nodes, instead of using the traditional methods. With faster communication between nodes, the blockchain network will be able to handle and verify more data, thus increasing the transaction rate.

Aspects

  • 2-Layer Blockchain: What makes TIM unique is their 2-layer blockchain which is made up of 1-hop nodes powered by GPS that are partitioned in a vertical multigraph structure. This allows nodes to contact each other quicker than ever.
  • Record-Fast Transaction Times: TIM’s goal is to create a blockchain network that can process 100 million transactions per second. If the team can achieve this, then TIM could be seen as a worldwide competitor.
  • Low Transaction Fees: Since transaction speeds will be faster than ever, less energy will be used across the network which will keep transactions fees incredibly low.

What Issue Does it Solve?

One of the biggest problems with blockchain as it stands now is that most blockchains can’t handle enough transactions to be feasibly used as a global transaction system. If TIM’s 2-layer blockchain can live up to the goals, then it could become the greatest blockchain network that the world has ever seen.

Token Sale Information

Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.

Positives
  • Faster transactions than ever
  • Low transaction fees because of decreased energy requirements
  • Quantum encryption of payment data
  • Can process micropayments

Negatives
  • The team is small
  • The company has very little PR and needs to build a reputation within the community to gain further traction

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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