How are you able to make it possible for your recollections and personal knowledge are transmitted reliably to the future? Security, sturdiness, respect for integrity: these are all important parts for guaranteeing the transmission of information. However, the course of is commonly complicated , specifically in the occasion of dying. The numerous steps should not solely lengthy and tedious but in addition costly. Based on this remark, the French startup Capsule Corp. has had the concept to create Ternoa.
Ternoa to Redefine Data Transmission
Designed to securely retailer and transmit knowledge, Ternoa makes use of the blockchain and all the advantages it brings to redefine knowledge transmission.
To obtain this, Ternoa permits its customers to create time capsules whose opening and reception procedures are determined by their creators.
Entirely 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 key to Ternoa’s success, serving to it to talk with different blockchains specializing in sure knowledge protocols.
“The Ternoa blockchain redirects files stored in time capsules to blockchains whose decentralized file storage is the main mission such as Arweave, Sia or Storj, while keeping a copy of the file on its own network”, says the crew.
Ternoa may even use Chainlink’s oracles, which make 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 guarantee its integrity. The latter are remunerated in the type of CAPS tokens.
How Do Ternoa’s Time Capsules Work?
Ternoa time capsules are non-fungible tokens, extra generally often known as NFTs. These distinctive and identifiable tokens include a variety of use instances.
The creation of a time capsule is subsequently related to the technology of a number of encryption keys, dispersed between the totally different masternodes of the Ternoa blockchain. To open a time capsule, it’s subsequently obligatory to deliver collectively these similar keys.
Regarding the issuance of a capsule, the person will likely be in a position to pay the prices both with fiat currencies (euro, greenback) or with CAPS tokens. With Ternoa aiming for large-scale adoption, the crew needs the course of to be as clear as potential for the person.
Thus, in the occasion of fee with euros, the latter will likely be transformed into CAPS in the background. The course of 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 first model of its NFT market primarily based on the SubstraPunk venture throughout the 12 months 2021. Built on the Polkadot community, this NFT ecosystem will permit creators to supply and promote NFTs appropriate with Ternoa.
A Series of 5 Transmission Protocols
For its capsules, the Ternoa crew has developed 5 knowledge transmission protocols, every with its personal traits guided by a wise contract. Thus, it’s potential to transmit capsules for particular use instances.
1 – The Safe Protocol
Using this good contract, it’s potential to retailer knowledge in a decentralized method by the Ternoa blockchain, and to seek the advice of and retrieve it at any time. This is a traditional type of storage, combining the safety and transparency inherent in Ternoa.
2 – The D-Day Protocol
This good 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 secure, which might solely be opened on a selected date.
3 – The Consent Protocol
By utilizing this good contract, the recipients have the proper 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 good contract judges that the creator consents to the issuance of the capsule.
4 – The Death Protocol
With this good contract, the time capsule is issued upon the dying of its creator. To function underneath the finest circumstances, this protocol relies on the programming interfaces (API) of native dying registers. Initially, this protocol will solely be obtainable in sure eligible nations.
5 – The Countdown Protocol
As its identify suggests, this good contract permits you to activate a countdown earlier than sending a capsule. When this ends, the capsule is straight away issued. If desired, the creator of the capsule can restart the countdown from the begin, as many instances as obligatory.
Supported by a French crew, the Ternoa blockchain and its time capsules present a brand new use case for non-fungible tokens. As effectively as facilitating the transmission of personal knowledge, Ternoa depends on most safety, whereas making the use of its options as ergonomic as potential.
In addition, its ingenious use of Polkadot gives Ternoa with the most full interoperability, a vital part these days in rising a possible person base.
The broad number of obtainable strategies for sending time capsules permits Ternoa to multiply its use instances. Each person can discover their account, whether or not it’s for the easy switch of information or the transmission of an inheritance.
Moreover, the Ternoa crew is presently engaged on a smartphone app completely devoted to its ecosystem. This will permit you to ship capsules and handle CAPS tokens.
You can observe the Ternoa venture 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 is a translation of the French article written by Clément Wardzal.
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