Ternoa has collaborated with Elrond to Expands NFT Time Capsules’ Compatibility
Ternoa has collaborated with Elrond to Expands NFT Time Capsules’ Compatibility.
What are Ternoa’s NFT Time Capsules?
In today’s world, data storage is very limited, there is no option for sole ownership due to intermediaries, nor the security in that your data will not be deleted accidentally or hacked… Ternoa’s goal is to create a data storage space that people can be full owners of, with full privacy and no limitations nor intermediaries. Here is where NFT Time Capsules come in: they help Ternoa do just that by becoming vehicles that encapsulate data that users want transmitted.
The answer lies in five different sending protocols. First we have the Death Protocol, which allows for postmortem transmission, meaning that even after your death, your treasured data will be sent to the chosen beneficiary. Then, the Consent Protocol opens the Time Capsule when there is no opposition from the sender. Along with these, Ternoa’s Safe Protocol stores data in the form of a digital safe. Finally, the Countdown Protocol sets a countdown before sending the capsule, and the D-Day Protocol specifies a send date.
About Elrond
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Ternoa
Ternoa is the first blockchain dedicated to the transmission of data via NFT using Polkadot’s Substrate technology. Its objectives are to democratize the blockchain and allow the general public to transmit their memories from generation to generation.
