DecentralizationREDEFINING THE BLOCKCHAIN ECONOMY
Talan is a decentralised public blockchain leveraging the security of Bitcoin UTXO while enabling Etherium Virtual Machine (EVM) and is fully open source. Talan supports smart contract development based on Solidity language.
Talan basically runs an EVM (Ethereum Virtual Machine) which makes smart contracts possible on top of Bitcoin’s blockchain. Talan is a hybrid solution combining Bitcoin’s blockchain and Ethereum’s technology.
Ethereum Virtual Machine + Bitcoin Core= Talan Core
What is Talan?Talan is a decentralized public blockchain and permissionless project and is fully open source. Talan is developing a powerful and genius contract platform which seeks to deliver more advanced features than any protocol developed previously. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.
Value TransferringProof-of-stake (PoS) consensus voting system
High speed transaction( 30 Sec Block Generation)
Smart contracts that work such as Lightning Network
Bitcoin UTXO Technology Model
Solidity language to develop Smart Contracts
The decentralized Talan blockchain has been created for the following purposes:
Issues of trust
Decentralizing the economy
Improper planning in developing countries for using blockchains in businesses
Entering the world of IOT
Limited and fair distribution of original coins
Talan is a crypto platform that combines ethereum’s smart contract functionality with bitcoin’s security to create a coin that is suitable for adoption by large organizations, DeFi industry and uses a UTXO-based smart contract system with a proof-of-stake (PoS) consensus model.
Talan powers a project that aims to extend the blockchain into finance, socia networking, gaming, Defi and the Internet of Things.
Talan adds unspent coins from multiple transactions into the user wallet and selects the next creator node based on the number of coins held by each node. This helps to accomplish security.
Technical characteristics of TalanTransaction model: UTXO (Unspent Transaction Output) from Bitcoin
Smart contract architecture: EVM (Ethereum Virtual Machine)
Block size: 4 million bytes, scalable using on-chain DGP (Decentralized Governance Protocol) up to 32 million bytes
Average block spacing: 32 seconds
Smart contract token protocol: TLRC20, based on Ethereum ERC20; TLRC721 non-fungible tokens, based on Ethereum ERC721
Consensus algorithm: Proof of Stake, version 3.0, upgraded from Blackcoin
Theoretical maximum TPS (Transactions Per Second): 400 to 500
Block reward: 4 TALAN per block and it is decreasing by 32% every year,
Dev fund: 700,000 TALAN
Maximum supply: 14 million in 23 years
The Fair Growing NetworkTalan will strive to provide a creative community for fans of a decentralized world.
In Talan, everyone has a voice and the ability to propose projects directly to the network. Anything you can do – from marketing to development – that helps Talan grow and improve can be funded. This means Talan funds its own growth and adoption, consensus is guaranteed, and everyone is accountable to the network.
Technology In TalanOffline StakingOffline staking allows users to keep their cryptocurrencies in an offline wallet and gain interest on them. The offline wallet is also referred to as hardware or cold wallet to indicate that it is not connected to the internet.
Receiving rewards gives users the opportunity to earn profits from staking their coins.
They do not necessarily have to use a valid node under proof of stake model.
Talan’s offline staking does not need an internet connection. That’s why it is called offline staking. In it, instead of tokens, the owners delegate their wallet’s addresses. The coins themselves remain in the owner’s wallet and can be used at any given time.
Limited and fair distribution of original coins
One of the main problems of many current blockchains is the distribution of a large number of original coins. This means that these blockchains pre-mine millions and even billions of coins and then distribute them in the market to gather a large amount of capital. This act, defeats the purpose of decentralization because even though that these systems use the latest decentralization techniques, in truth the majority of the coins are owned by a few which itself creates a centralized system. Since Talan stands by blockchain’s main objectives which are limited distribution and expansion by its community, only a limited number of coins with real proof of stake have been created.
Connectivity across payments networks
Instant, on-demand settlement
Real-time traceability of funds
Main links:http://talanplatform.com/https://www.facebook.com/talanplatformpagehttps://twitter.com/Talan_officialhttps://www.instagram.com/talanplatform_official/