How will you be sure that your recollections and personal information are transmitted reliably to the longer term? Safety, sturdiness, respect for integrity: these are all important parts for guaranteeing the transmission of knowledge. Nonetheless, the method is usually complicated , particularly within the occasion of demise. The assorted steps aren’t solely lengthy and tedious but in addition costly. Based mostly on this statement, the French startup Capsule Corp. has had the thought to create Ternoa.
Ternoa to Redefine Information Transmission
Designed to securely retailer and transmit information, Ternoa makes use of the blockchain and all the advantages it brings to redefine information transmission.
To realize this, Ternoa permits its customers to create time capsules whose opening and reception procedures are determined by their creators.
Completely open supply and decentralized, the Ternoa blockchain relies on Polkadot, a protocol specializing in interoperability by linking a number of specialised blockchains right into a single unified community. This interoperability is the important thing to Ternoa’s success, serving to it to speak with different blockchains specializing in sure information protocols.
“The Ternoa blockchain redirects recordsdata saved in time capsules to blockchains whose decentralized file storage is the primary mission reminiscent of Arweave, Sia or Storj, whereas preserving a duplicate of the file by itself community”, says the crew.
Ternoa may also use Chainlink’s oracles, which be sure that sure circumstances are met in managing the issuance and supply of a capsule.
The Ternoa blockchain has its personal token, known as the CAPS. This token will play many roles in Ternoa’s ecosystem, together with the creation of the capsules, the financing of the decentralized storage of the capsule over time, and its encryption.
It needs to be famous that the Ternoa community makes use of the Nominated-Proof-Of-Stake (NPos) consensus, and subsequently has validators and nominators to make sure its integrity. The latter are remunerated within the type of CAPS tokens.
How Do Ternoa’s Time Capsules Work?
Ternoa time capsules are non-fungible tokens, extra generally often called NFTs. These distinctive and identifiable tokens include a variety of use instances.
The creation of a time capsule is subsequently related to the era of a number of encryption keys, dispersed between the totally different masternodes of the Ternoa blockchain. To open a time capsule, it’s subsequently essential to deliver collectively these similar keys.
Relating to the issuance of a capsule, the person will be capable of pay the prices both with fiat currencies (euro, greenback) or with CAPS tokens. With Ternoa aiming for large-scale adoption, the crew desires the method to be as clear as attainable for the person.
Thus, within the occasion of fee with euros, the latter will likely be transformed into CAPS within the background. The method will stay invisible to the person, even when after all the Ternoa blockchain is requested for the issuance of the capsule.
Ternoa will deploy the primary model of its NFT market primarily based on the SubstraPunk undertaking through the yr 2021. Constructed on the Polkadot community, this NFT ecosystem will enable creators to supply and promote NFTs appropriate with Ternoa.
A Collection of 5 Transmission Protocols
For its capsules, the Ternoa crew has developed 5 information transmission protocols, every with its personal traits guided by a wise contract. Thus, it’s attainable to transmit capsules for particular use instances.
1 – The Secure Protocol
Utilizing this sensible contract, it’s attainable to retailer information in a decentralized method by means of the Ternoa blockchain, and to seek the advice of and retrieve it at any time. This can be a basic type of storage, combining the safety and transparency inherent in Ternoa.
2 – The D-Day Protocol
This sensible contract permits you to set the precise date for sending a capsule to a given recipient. The capsule subsequently acts as a form of digital protected, which may solely be opened on a particular date.
3 – The Consent Protocol
Through the use of this sensible contract, the recipients have the best to request entry to the time capsule after a given interval and offered that the proprietor doesn’t use their proper of veto. If the creator doesn’t oppose the sending of the capsule for a interval that they’ve personally outlined, the sensible contract judges that the creator consents to the issuance of the capsule.
4 – The Loss of life Protocol
With this sensible contract, the time capsule is issued upon the demise of its creator. To function beneath one of the best circumstances, this protocol relies on the programming interfaces (API) of native demise registers. Initially, this protocol will solely be accessible in sure eligible international locations.
5 – The Countdown Protocol
As its title suggests, this sensible contract permits you to activate a countdown earlier than sending a capsule. When this ends, the capsule is instantly issued. If desired, the creator of the capsule can restart the countdown from the beginning, as many instances as needed.
Supported by a French crew, the Ternoa blockchain and its time capsules present a brand new use case for non-fungible tokens. In addition to facilitating the transmission of personal information, Ternoa depends on most safety, whereas making the usage of its options as ergonomic as attainable.
As well as, its ingenious use of Polkadot gives Ternoa with essentially the most full interoperability, a vital part these days in rising a possible person base.
The big variety of accessible strategies for sending time capsules permits Ternoa to multiply its use instances. Every person can discover their account, whether or not it’s for the easy switch of knowledge or the transmission of an inheritance.
Furthermore, the Ternoa crew is presently engaged on a smartphone app solely devoted to its ecosystem. This may can help you ship capsules and handle CAPS tokens.
You may comply with the Ternoa undertaking on social media. Ternoa presently has greater than 6,800 followers on Twitter and greater than 5,900 lively customers on Telegram throughout its English and French channels.
This can be a translation of the French article written by Clément Wardzal.
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