Tag Archives: substantive

Torum on it’s own chain

At last some exciting news. TORUM, the Monetary System ‘Coin’ on the NXT platform will get it’s own chain. The Oldambtster history based Crypto Fiat Valuta seems to get a bright future. This will be made possible thanks to the NXT 2.0 developement, named: Ardor. And because there will be 15.09 Trillion TORUM available, there is still a lot to be SHA3 mined.

The NXT 2.0, Ardor, developers expect the new blockchain to go live somewhere in 2017. For TORUM(Short for Thorumhaim) this means that it will get it’s own substantive subchain to use. The Monetary System did not really get off to a good start, it just was there, without lots of exchanges. Kind of locked in the NXT realm. With it’s own subchain it will become substantive, available as a Crypto Fiat Valuta.

And that means it can be exchanged for other NXT based ‘coins’, for NXT Ardor ‘coins’ and it can run in it’s own enviroment. There is no need to get all the NXT 2.0 blockchains, only the main one and if you wanted to use TORUM, then the subchain of that. It will be a deep purge, leaving the NXT 1.0 chain alive too. Moving all assets in NXT to Ardor.

In case you’re wondering why the prise of NXT went up recently? Over a periode of time all NXT account will be watched. And the average in NXT will be payed in Ardor after this time. It might be indeed a big purge, but with a bonus. All transactions dumped, only the value promised on the NXT 2.0 chain. And there is much more to come.

For the TORUM it is a liberation. And this might kick off in an awesome way! Where in between versions they seem to have found a way to clean up the blockchain too. And how to do this in a simple manner. Dropping one old blockchain, replacing it with a fresh and modern one.

Maybe the fighting Bitcoin developers should take note of this?

TORUM

TORUM ᚦ, in 2017 a fully functional Crypto Fiat Valuta aka ‘Coin’