Capable to handle thousands of transactions and stay secure. Stable against double-spending, egoistic mining, and DDoS attacks.
Our approach is based on the research and experience of global companies. In the solution we are developing, we use RDBMS and the nChains* technology that we have developed, which allows us to get a product whose throughput is an order of magnitude higher than the currently existing cryptocurrencies on the market. RDBMS not only improves throughput, but also reduces disk wear, and optimizes the disk space of the owner of a full Tkeycoin node.
To solve the scalability problem, we suggest using N chains instead of one, thus splitting the transaction flow into N parts: a hash function and taking the remainder of the division by N.
M — number of chains;
S — average block size of the blockchain in Mb;
T — average block formation time per second;
With an increase in the number of chains, it is possible to change several parameters, such as the average block formation time (T) and a decrease in the block size (S), which improves the approach to decentralization.
K — territorial blockchain;
Each territorial blockchain has M chains and operates on a continental basis. Using 7–12 territorial blockchains allows you to achieve a transaction processing speed comparable to VISA.
Due to the use of nChains and RDBMS, users of the system get fast data processing. We create separate payment channels that can be segmented into the America — Europe, Europe — Russia, Asia — South Africa chains.there can be many variations, both on a global scale, and private or corporate. Each new chain is responsible for the tasks assigned to it. Bank A can exchange information and conduct transactions with Bank B without storing and using the main blockchain, while the power of the main network is used to provide an additional level of security for other chains.
The solution will allow you to make payments between different continents while maintaining the stability and fairness of transactions, and most importantly, quickly and without additional fees.
As practice has shown, research in the field of cryptocurrencies has rarely relied on the experience of previous discoveries in the field of cryptography and network protocols. cryptocurrencies are mainly used as a means of earning money for investors and are almost not used by another part of society.
In the process of forming the concept of a decentralized Tkeycoin platform, we analyzed universal problems and their impact on the economy, studied systemic and cyclical global economic processes. We approached the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies, mixing modern concepts and building on the global experience of IBM, Microsoft, and several other companies and research.
Recent research and our testing of consensus based on artificial intelligence prove that the introduction of highly complex systems with an extremely high degree of complexity is unacceptable at this stage. Such systems are not capable of being globally scalable, stable, and truly functional as a model for decentralized network computing. Given that AI is still at the stage of alpha testing around the world, and cryptocurrency systems have been proving their effectiveness for 10 years, such interaction is currently untenable.
Special attention is paid to the development of the Tkeycoin platform-various studies of cryptography, overlay architectures, existing p2p networks that are used not only in the cryptocurrency market but have long been used in the market to solve various problems.
We put their symbiosis into practice to come up with truly perfect and innovative solutions.
Tkeycoin is not just a name for a digital currency, it is a whole philosophy.
TKEY is an abbreviation of the English phrase Turn the KEY (”turn the key“), which refers to the book by Joe Vitale "Key" (turn it and discover the secret of attraction). This book has become for many the key to fulfilling desires and helped to attract good luck and prosperity to life.
The key as an emblem traditionally means solving a difficult problem, finding an approach to a complex problem. It's a mystery that you must solve, the knowledge you need to achieve. Also, the key is the power and the ability to open and close everything, restrict or release, at the owner's request. Interestingly, its inventor was considered to be Janus — a two-faced demiurge God, whom the Romans revered as the patron of new beginnings. Janus was the owner of the Keys of Power that open and close the gates of heaven.
By turning the TKEY key, you open up a new force, new opportunities — a whole world, a new ideology of the entire economic system, as well as socio-economic processes.
The coin's symbol is the mythological Phoenix bird, meaning immortality and eternal renewal. Phoenix implies that Tkeycoin has an important role to play in the rebirth and renewal of the global financial system, creating new unique tools for this market.
The Genesis block contains the Latin expression "Littera scripte manet", and this inscription is shown in the first illustration of the TKEY coin and translates as "Written does not disappear". This is logical: as we know, the blockchain keeps the entire history of operations in an exact and unchanged form, without loss. Theoretically, this data can be seen at least in a thousand years.
Tkeycoin is not only a philosophy and peer-to-peer payment system, but it is also primarily financial independence at the international level. Technology can change the world for the better by creating safe and fair systems of self-government, and people around the world deserve better.
The development of the Tkeycoin network contributes to the creation of new global well-being available to all participants of the ecosystem. The company's plan is based on scaling the system around the world. We are working on a large-scale cross-border payment network that will ensure fair transfers around the world.
In addition to developing technology on an industrial scale, our main message is to provide high-quality digital services in the field of finance and investment.
We open doors for the whole world by combining all the best tools in one product — the Tkeycoin Platform. Further actions include creating fair multi-exchanges, transparent Internet acquiring, investment instruments, deposits and loans, international transfers, and building Autonomous contracts in the blockchain.
Based on our experience and the experience of global companies, we are creating a new digital banking system that can be used with both classic and digital currencies.
Nowadays, everyone wants to get the maximum benefit and efficiency from using their finances when it is combined into a single platform — this creates the best conditions for you to use your finances.
*nChains technology is a dynamic addition of chains within a single network, supporting the creation of transactions, both within the same chain and between different chains. The number of chains can be changed and unlimited by the algorithm. A conflict in one chain does not affect other chains, reducing the volatility of the multi-blockchain as a whole.
**Github Core 2.0 — https://github.com/tkeycoin/tkeycoin2