Telcoin Network: Storage Capacity
- Characteristic | Description
- Individual Property Storage Capacity
Ability for individuals to store their assets and systems used by actors to store private property. | Public-Private Key Cryptography
• Function: Telcoin Network enables the creation of public-private cryptographic key pairs used by individuals to store, receive, and transfer cryptoassets without relying on third parties. Any number of implementations can be used to custody assets such as multi-signature wallets, unhosted wallets, MPC, and more.
◦ Public Key: Used as public address to transfer cryptoassets between accounts.
◦ Private Key: Used to verify ownership and manage an address’s crypto-assets. Smart contracts do not have private keys because they are completely controlled by the code deployed at that address.
Storage Facilities used by Actors
· Validators use a vault model and must have their wallet address confirmed and verified by the Compliance Council.
· Consumers can secure their private key pair and assets using any number of implementations available for EVM-compatible wallets. - System Memory
The ability for the system to retain information about system dynamics and internal use patterns. | High: The network generates a cryptographically secured, immutable ledger of all transactions and ownership.
• Immutability: The Telcoin Network blockchain ensures data cannot be altered or tampered with due to cryptographic hashing and consensus mechanisms.
• Decentralization: Data is securely stored across a network of nodes, eliminating a single point of failure and enhancing accessibility.
• Transparency: Telcoin Network provides a public ledger, enabling visibility and verification of all transactions and data for network participants.
• Persistence: Data on the Telcoin Network blockchain remains indefinitely, creating a complete and unbroken record for auditing and traceability.
• Limited Storage Capacity: Blockchains have restricted storage capacity, making them less efficient for storing large volumes of data compared to traditional systems