What Is Ternoa (CAPS)?
Who has never felt great joy in randomly rereading a few lines from their college diary? Who hasn’t been moved by re-watching the video of their wedding? Which historian has not been amazed to find the archive dating from the 17th century allowing him to better understand the reign of Louis XIV? Memories are an essential part of who Ternoa are. If memory plays an essential role in shaping, then the truth is that memory is by its very nature a partial thing, and only media such as images, sound and texts enable to keep and remember your past.
These supports also allow to transmit memories to succeeding generations so that they can continue to celebrate the memory of those who have left. Memories are therefore precious goods that they must be able to treat as such. The paradox of the last few decades is to have succeeded in democratizing, thanks to digital technology, the production of memory-supports in an almost unlimited way, while at the same time having failed to offer solutions to preserve them over time.
Indeed, it has become increasingly difficult to store all the data they create about your lives in a secure and reliable way. A USB key or a hard disk can be easily lost; storage clouds do not guarantee a strong respect for privacy; printed photos see their colours fade, etc. Added to this is the difficulty of automatically and reliably transmitting them to third parties. How can be sure that this video of myself, stored in some cloud, will be transmitted in 30 years, or after my death, to a loved one.
Ternoa Storage Key Points
|Circulating Supply||554,263,444.29 CAPS|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
The Ternoa Project
These principles are implemented thanks to The Blockchain Ternoa which allows the secure storage and transmission of data. A Software Development Kit (SDK) to facilitate the development of mobile or Web applications making the Blockchain accessible to all use cases. These two technological layers, developed by Capsule Corp. are compatible and interact with the Web infrastructure they know today. A service that is accessible and usable by the general public by focusing on user experiences optimized around everyday man-machine interfaces web and mobile applications.
Ternoa Temporal Capsules
Ternoa will develop trough dedicated subsidiary its own application called “Application” from the SDK, in the description of this use case. The Application allows to create “Time Capsules” to encrypt, store, and transfer data in a secure way, and in a long time. These Time Capsules are non-fungible tokens issued on the blockchain.
The flows in green correspond to the steps in a user’s journey through the Ternoa Application to create a time capsule and transmit digital data to specific beneficiaries. Eventually, four protocols will trigger the transmission of information. The Consent Protocol for a transmission based on the principle of activation of opening by third parties and non-opposition by the sender.
Ternoa Substrate is a development environment created to facilitate the creation of Blockchains thanks to a modular architecture that allows to considerably reduce the development cost and time of a Blockchain. Substrate is a project led by Jutta Steiner, former Chief-Of-Security of the Ethereum foundation, and a team of more than 60 developers around the world. Polkadot is a Blockchain designed and developed to facilitate interoperability between different Blockchains while ensuring a high level of transaction scalability.
Polkadot was created by Gavin Wood, co-founder of Ethereum. The ecosystem formed by the Substrate framework and the Polkadot Blockchain stood out in 2020 as the first project not based on the Ethereum Blockchain to integrate Chain link, a leading decentralized oracle network solution.
Nominated proof of stake
Ternoa The operation of a Blockchain is based on the creation of successive blocks of transactions. When creating these blocks, active community members check the validity of new transactions submitted, and are rewarded for their service to the community. Since the creation of the Bitcoin protocol in 2008, two validation methods are currently in competition. The use of the POW for Blockchain networks is consubstantial to Bitcoin since it is the latter’s validation method.
proof of work (Proof-of-Work abbreviated as POW) linked to the principle of mining and provision of computing power by validation nodes to solve a mathematical problem, often hash tables; and the proof of stake (Proof-of-Stake abbreviated as POS) linked to the principle of staking, which means that the nodes must prove that they have in their possession a certain quantity of crypto-currency and put it pledged on the network.
With POW, the mining difficulty constantly adapts to the miners’ total performance in order to ensure a predictable and regular resolution time. When the solution is found, each machine checks its accuracy, and the new block is validated. Ternoa One of the criticisms often made of the POW is the large consumption of energy that it requires to maintain the network security since it generates a kind of arms race among the network nodes to get more computing power.