ThunderCore | $TT | Decentralized Future. Today.

published on August 1, 2020

hey guys welcome back to the channel today's video is going to be an overall review of the project Thunder core I have recently heard about the project and was interested enough to cover it in a spirit of transparency this is a

Sponsored video and I do not have thunder in my portfolio but usual disclaimer I'm not a financial advisor my videos for entertainment purposes only lastly if you want to chat after the video hop in my discord server and

If you feel like supporting the channel you can do so on my patron links for everything will be down below in the video description alright let's get started thunder core is based on the thunder ella paper which was published

In 2017 thunder core is compatible with the etherium virtual machine or EBM meaning it supports tabs and smart contracts running on e theorem it's a public blockchain that serves to build a faster cryptocurrency thunder cores come

Up with a new hybrid solution that uses two different modes of confirmations the fast mode and the slow mode which I'll get into more later the goal was to create a blockchain protocol that had the speed of a centralized protocol with

A transparency and decentralization and fairness of a decentralized protocol let's move on to the team Chris Wang is the CEO and he has a PhD in computer science that he received from Carnegie Mellon University at the age of 22 he

Then went on to create and build plate 'm which was a social gaming company that he later sold to disney for 500 million in us dollars he was also an early investor in Alibaba Glassdoor and Flipkart Elaine she is the chief

Scientist with a PhD in computer science also from Carnegie Mellon University she's a key expert on cryptographic protocols and consensus she wrote the first academic research paper on both Bitcoin and decentralized smart

Contracts she's also the co-founder and co-director of the initiative for cryptocurrency and contracts called ic3 unfortunately Thunder core will not be having a public eye CEO they completed a

Private sale raising 50 million from investors which were from the US Asia and other big names like hoo-boy capital FBG hashed Pantera and a bunch of others next is the technology Thunder Court is its own blockchain with its own native

Cryptocurrency Thunder token thunder core mints at a total of 10 billion thunder tokens divided into the following 26 goes to early investors and doctors 15% for the community and bug bounties 15 for the community members

And opera 10% for developers partners creators and 19% retained by the Thunder core for their company operations and then 15% for employees and their advisors their 10 billion number is fixed and they're

Not going to create anymore and approximately 2 billion of those are currently in circulation the key idea behind thunder is to combine a standard blockchain which they refer to as the slow chain with an optimistic fast path

Which is considered the fast chain when the fast chain is active the accelerator accumulates all the transactions and converts them into micro blocks these micro blocks are then signed by the accelerator the sign blocks are sent to

The committee for confirmation whenever more than 3/4 of the committee members signed the block sentence by the accelerator the block is then confirmed the end result basically is a really fast and near-instant consensus

Algorithm when the accelerator is not available the blockchain enters slow mode the transactions are confirmed using the traditional proof of work consensus in slow mode when the accelerator is available to confirm

Transactions once again the blockchain shifts from slow mode back to fast mode committee nodes are elected through the bidding process based on the amount of Thunder tokens that they are staking the accelerator

Election will be elected through voting process the team states that they're working on the specifics of the accelerator election right now the incentive for being a committee member is that you get a portion of the fees to

Compare it to something a little bit easier to understand imagine a highway with a slow and fast lane the slow lane will be the fundamental part of the protocol which will be enhanced with the fast lane both

Lanes are still a part of the same overall piece of road but they are built with different purposes in mind they currently have documented 1200 to 1600 throughput per second or TPS on their test net as well as their main net with

Sub second confirmation times they estimate when they're fully up and running to have 10,000 TPS as of March 11th the pre release of their main net is officially available what is the pre-release you ask well it's the main

Net chain with full functionality it's different from the public launch because it lacks the ability for the public to stay tokens thanks to its full compatibility with the etherium smart contracts or the EVM gaps can be

Migrated to Thunder which allows them to significantly and immediately increase their performance because of thunders TPS the project currently is not open source but they do plan to make their github public in the future the time

Estimate on that is about 90 days you can store your thunder tokens on finances trust wallet they also have a road map which is broken down into different sections and I'll leave all the links down below for that kind of

Stuff currently there's no approved exchanges that you can get thunder on and the team hasn't mentioned a time frame yet for listing a lot of people have been calling the project in eutherian killer

But the team has mentioned that they don't appreciate the nickname because not only do they want to be a part of the etherium community but the goal is to laser be laser focused on making life easier for DAP developers as well as

Making the blockchain more usable for end-users not replacing aetherium as far as partnerships go on March 28th they released a statement about partnering with liquidity Network which is a provider of non-custodial payments that

Allows users to make transactions off chain without the use of trusted third parties liquidity network is launching its no-cost multi-party payment hub on the Thunder core blockchain and then on April 10th they also partnered with

Block vigil and this partnership would provide Thunder core with the enhanced integration capabilities that will deliver users a transparent API layer if we're comparing TPS among other existing projects their competitors would be

Something like silica which estimates that they can do 2,800 TPS and AOS which states too can target around a thousand to six thousand TPS so what's coming up that we had to look forward to them well their main net is tentative

For q3 2019 they also state that they should be able to increase to 10,000 TPS by q2 of 2020 now I know that's a ways away but it is a huge increase for TPS for them so I'm guessing it's gonna be worth the wait if you're a developer or

You just want to experience Thunder core you can get free Thunder tokens from their main net faucet you can also get test net tokens on their test net faucet and you can play games where you bet your Thunder tokens right in the trust

Wallet out pros well their TPS feeds are an obvious Pro a scalability seems to be the most important aspect for blockchain growth right now not to mention the Thunder Ella academic paper the project that is based off of that has gone

Through a peer-review process they also have a very well-equipped team with a lot of experience in the space and I also like the fact that it integrates right in with you theorems pre-existing gaps definitely gives the project more

Of a use case cons I don't like the fact that they didn't have a public sale and I'm sure there's a very good reason for that however the project is really cool and I'm sure that there's a lot of people who were disappointed that they

Couldn't get in on the and sale for the same reason I like this project I see their tight-knit relationship with you theorem kind of counterintuitive well I know they see themselves as a scaling solution for you

I was kind of hoping that they would be a little bit more free-standing that being said their team has mentioned that they can use a different blockchain as their fallback chains I guess I also expected them to be more focused on

Developing their own ecosystem and my final con would be not truly understanding the voting process for the committee nodes but I'm sure that's something that's gonna come out with from the team eventually I find the

Project very interesting and I'm always surprised when a new project comes out that wants to solve the scalability issue in blockchain because it's such a common kind of concept and then they have an entirely new approach from the

Last project that just said that they wanted to do the same thing I think the technology of the project is pretty amazing I'm also super impressed by their team and their knowledge as well as their past experience and lastly the

Fact that their paper has been peer reviewed is also something that I find extremely important all right everyone that wraps it up for me today please don't forget to hit that like or that subscribe button if you enjoyed my

Content would like to see more in the future as always thanks for watching and I'll see you guys soon hey people's like this review on thunder want to see similar content if that's yes go check out all my other content in my playlist

I'm sure there's something there that's gonna keep you busy and as usual thanks for watching the channel

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