Blockchain : TIM blockchain has been receiving a lot of well-deserved attention from community as well as scrutiny by community members
TIM blockchain has been receiving a lot of well-deserved attention from community as well as scrutiny by community members. As always, we welcome everyone to do their due diligence, as we live in sensitive times where digital assets could be very lucrative but equally risky. At the same time, the questions and doubts raised in this process has contributed to FUD among some investors who could not be guided in right direction to seek answers and may have given to misinformation. As such, it is very important for us to provide right information so that our investors can make informed decisions based on facts rather than rumors.We started from Ethereum codebase to build the BitPost prototype. We changed a few key elements, namely 3, to achieve performance architecture.Next, we chose the coding language as Golang. It provided all the right features and optimization opportunities. We also decided to change only the required elements in Ethereum stack (under GPL licenses), which allows us to deliver the technology faster to the community. These required elements are being developed in private repositories and the plan is to complete integration by EOY (End of Year), 2018. The optimistic timeline is November 2018, but large projects can and may face uncertainties which may cause delay.
There are other benefits of using the Go-Ethereum library, and the foremost is ease of onboarding new developers. Ethereum has a large community of developers, where a lot many ideas are daily discussed, accepted and rejected as well. As such, the community wants the ecosystem to become capable enough to deliver on the expectations of the world. TIM has the capability to deliver on promises of large bandwidth. Therefore, the alignment in codebase is supposed to allow more number of developers to join TIM development efforts, either as supporters or as in-house engineers.
We will make code public on GitHub during mainnet while still ensuring that we keep core competencies intact by binaries for key libs. Currently, the code in GitHub is a Go-Ethereum fork. All other code and development is private at the moment. We have given access to external code reviewers and other influencers who are taking a look at it.
What is the Blockchain?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.
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