What You Need to Know About TIME Blockchain Ecosystem

Sep 01, 2023

What You Need to Know About TIME Blockchain Ecosystem

In your typical blockchain ecosystem, you have blocks in the network, which are created by nodes. Other important aspects of any blockchain ecosystem include a distributed ledger, consensus algorithms, a virtual machine, and a node application. The TIME Blockchain ecosystem stays true to this concept but brings with it a uniquely new and exclusive consensus algorithm that runs on the concept of proof of time or PoT. If you’ve thought to yourself what is the best blockchain ecosystem, we’ll show just why this is a contender for the top 3 blockchains. But before we get ahead of ourselves, let’s explore this unique ecosystem a little bit more. 

TIME Blockchain is a brainchild of Caesium Labs

With reach around Asia and beyond, Caesium Labs is a company dedicated to more inclusive blockchain gaming and is most popularly known for its play-to-earn crypto game, Alpha Returns. 

In a bid to create a unique reward system that would provide more incentives for players fairly, we came up with a unique blockchain ecosystem architecture that we like to call the TIME blockchain. It works to serve players of skill levers and caters to the needs of both inexperienced and seasoned veterans as far as blockchain technologies go. 

How TIME Blockchain works to get around the flaws of contemporary blockchain

Our unique model is built around the concept of rewarding blockchain participants for the time they put into the network. It is a model that’s the first of its kind, offering players the ability to:

  • Earn while playing games on our decentralized apps or dApps

  • Participate in auctions where users can sell the non-fungible tokens (NFTs) they have collected in-game

Previously, most blockchain concepts relied on proof of work or proof of staking alone. However, exclusively using these algorithms results in the unfair distribution of assets. For instance, when it comes to proof of work, players with the financial might to purchase overly expensive mining equipment- which attract a tremendous amount of electricity costs, mind you- are the top beneficiaries of the blockchain. While proof of stake is a little fairer in its concept, as miners are selected by a random election process, this is still determined by the size of the stake. The higher one stakes, the higher the chances of the individual getting selected to create the next block. 

But TIME Blockchain is a hybrid ecosystem in that it relies on these traditional consensus algorithms plus one more. To tackle these drawbacks we’ve just mentioned, Caesium Lab further incorporates the Proof of Time consensus algorithm.

What is Proof of Time in the TIME Blockchain ecosystem? 

Proof of Work and Proof of Stock are nothing new to blockchain but Proof of Time is.  PoT enables nodes to derive earnings by way of tokens, relative to the active time or productive time in the network. 

Like PoS and PoW, it is a consensus algorithm for the network that determines token contribution. It bears a little similarity to proof stake in that there is the imploration of a voting mechanism. But, crucially, the length of time a miner spends in the network is also a criterion for selection, ensuring a more level playing field in terms of possible mining opportunities. 

Components of the TIME Blockchain Ecosystem

Like any other robust ecosystem, the success of the TIME Blockchain is the sum of its parts. Our ecosystem is made up of several constituents through which players can earn by actively putting in productive time: 

  • Dapps: These are applications that don’t reside in just one computer but operate in a decentralized fashion across P2P networks. These are based on a concept where in-game assets or NFTs completely belong to you and you’re free to do with them as you please. 

  • Decentralized games: Caesium games operate upon the decentralization that the blockchain affords to create virtual play-to-earn communities with real-world benefits. Here, in-game assets can become NFTs which are connected to the TIME blockchain. So as you put more active time into the network, you earn more rewards as well. 

  • DeFi: The TIME Blockchain also incorporates elements of DeFi or decentralized finance, so that your cryptos are distributed across a large network for good measure. This means no financial hurdles for players in terms of transaction fees or middlemen. A secure Caesium crypto wallet is what you need

  • Blockchain and IoT: Combining the best of two revolutionary digital transformation technologies, our unique TIME blockchain ecosystem is as next level as it gets. We leverage this combination for authenticating IoT devices and ensuring impenetrable data security for your safety. 

The benefits of TIME Blockchain 

So what does the TIME blockchain have to offer? Why is it being heralded as one of the top 3 blockchains worldwide? Well, there’s more than meets the eye with our unique architecture. 

Some of the many upsides to the TIME Blockchain are as follows:  

  • You get to be a part of one of the most high-potential, play-to-earn crypto gaming platforms of the 21st century. The active time you spend in our network completing tasks sees you rewarded with valuable assets

  • Connect to a virtual community with players from all around the world. Inclusivity and diversity is our middle name here at Caesium Labs

  • You don’t need to be a blockchain expert to benefit from the TIME blockchain ecosystem. Our community is not a reserve of seasoned veterans. If you’re new to blockchain and love games, you have all you need to start your profitable crypto-gaming journey on our platform

Join the TIME Blockchain ecosystem before it’s too late

At the moment, it’s still early days for our Caesium tokens. But there’s much to gain for those who join our TIME Blockchain ecosystem early before it starts. This is your chance to grab your seat at a $5 billion table (value of the Caesium market in 2022) and gain top consideration for our proof of stake. Moreover, early pioneers will enjoy surplus mining rewards of up to 25% on us. Are you ready to be part of the next profitable revolution in blockchain? Then sign up now before it’s too late. 

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