How do you ensure that your memories and private data are reliably transmitted into the future? Security, durability and respect for integrity: these are all essential components to ensure data transmission. However, this process is often complicated, especially in the case of death. The steps are tedious and expensive. Based on this observation, French startup Capsule Corp. had the idea to create Ternoa.
Ternoa redefines data transmission
Designed to store and transmit data securely, Ternoa uses blockchain and all the benefits it brings to redefine data transmission.
To this end, Ternoa allows its users to create Time capsule Its opening and receiving procedures are determined by its creator.
Completely open source, decentralized, Ternoa blockchain is based on Polkadot, By linking several specialized blockchains to a unified network, the protocol focuses on interoperability. This interoperability is the key to Ternoa’s success, helping it communicate with other blockchains that specialize in certain data protocols.
The team said: “The Ternoa blockchain redirects files stored in the time capsule to a blockchain whose main task is decentralized file storage, such as Arweave, Sia or Storj, while keeping copies of the files on its own network. “
Ternoa will also use Chainlink’s oracles to ensure that certain conditions are met when managing the issuance and delivery of capsules.
The Ternoa blockchain has its own token, called CAPS. The token will play many roles in Ternoa’s ecosystem, including creating capsules, funding the decentralized storage of capsules and encrypting them over time.
It should be pointed out that the Ternoa network uses a Proof of Equity (NPos) consensus, so it has validators and nominators to ensure its integrity. The latter is paid in the form of CAPS tokens.
How does Ternoa’s time capsule work?
Ternoa time capsule is an irreplaceable token, Usually called NFT. These unique and recognizable tokens come with a wide range of use cases.
Therefore, creating a time capsule and Generate multiple encryption keys, which are scattered among different master nodes of the Ternoa blockchain. In order to open the time capsule, it is therefore necessary to put these same keys together.
Regarding the issuance of capsules, users will be able to pay fees in fiat currencies (Euro, US dollars) or CAPS tokens. Since Ternoa aims for mass adoption, the team hopes that the process will be as transparent as possible to users.
Therefore, in the case of payment in Euros, Euros will be converted to CAPS in the background. Even if the Ternoa blockchain is of course required to issue capsules, the process will remain invisible to users.
Ternoa will deploy the first version of its NFT market based on the SubstraPunk project in 2021. The NFT ecosystem is built on the Polkadot network, allowing creators to provide and sell Ternoa-compatible NFTs.
A series of 5 transmission protocols
For its capsules, the Ternoa team developed five Data transfer protocol, Each has its own characteristics and is guided by smart contracts. Therefore, capsules can be delivered for specific use cases.
Using this smart contract, data can be stored in a decentralized manner through the Ternoa blockchain, and can be inquired and retrieved at any time. This is a classic form of storage that combines the inherent security and transparency of Ternoa.
With this smart contract, you can set the exact date when the capsule will be sent to a given recipient. Therefore, the capsule is like a digital safe that can only be opened on a certain date.
3-Agree to the agreement
By using this smart contract, the recipient has the right to request access to the time capsule after a given period of time, and provided that the owner does not use its veto power. If the creator does not object to sending the capsule within the time limit defined by them, the smart contract will determine that the creator agrees to the issuance of the capsule.
With this smart contract, the time capsule is issued after the death of its creator. In order to run under optimal conditions, this protocol is based on the programming interface (API) of the local death register. Initially, this agreement was only available in certain eligible countries.
As the name suggests, this smart contract allows you to activate the countdown before sending the capsule. When it is over, the capsule is sent out immediately. If necessary, the capsule maker can restart the countdown from the beginning as needed.
With the support of the French team, the Ternoa blockchain and its time capsule provide new use cases for irreplaceable tokens. In addition to facilitating the transmission of private data, Ternoa relies on maximum safety while using its solutions as ergonomically as possible.
In addition, its clever use of Polkadot provides Ternoa with the most complete interoperability, which is an important part of expanding the potential user base today.
The multiple available methods of sending time capsules allow Ternoa to increase its use cases. Every user can find his account, whether it is for simple data transfer or inherited transfer.
In addition, the Ternoa team is currently developing a smartphone application that is completely dedicated to its ecosystem. This will allow you to send capsules and manage CAPS tokens.
You can follow the Ternoa project on social media. Ternoa currently has 6,800 followers Twitter And more than 5,900 active users telegraph All over English and French channels.
This is a translation of a French article written by Clément Wardzal.
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