Telegram Live AMA on November 24 2021, 17:00(UTC+8) with Milen
Responding to community users’ explanation of Thinkium’s vision and project.
Hoo:We’re thrilled to have Milen with us. Welcome.
Milen:Thank for having me today !
Hoo:Milen,pls introduce yourself and THINKIUM.
Milen:Nice to meet you all, My name is Milen . I have more than 20 years of investment experience in UK , France and Singapore. I have been involved with blockchain since 2015 and for the past 4 years with Thinkium.
I am also co-organizer and speak of Blockchain Sydney as well as part of Singapore blockchain talent association.
Ones I have been introduced to Thinkium project , I was extremely existed to join the community and deliver my long years experience to this amazing project .
Hoo: what is the vision of Thinkium,How to fulfill this vision?
Milen:I would like to explain more about Thinkium name as I was present by the time we have created this brand name few years ago.
Our vision was to create a infrastructure for helping ordinary people and common users. We believe in blockchain and decided to contribute our efforts and ideas to global decentralization.
What our brand “Thinkium”means first.Thinkium consist by 2 parts,”Think” and “ium”.”Think”as human thinking, we believe that every great creation and evolution is come from human deep think,think is the fundamental of human being.”ium”as an element, lots and various of element consist our dynamic world. So “Thinkium”representative the fundamental of think elements.
Thinkium adopts a hierarchical multi-chain system architecture, with high scalability, high security, and decentralized features, which fundamentally solves the impossible triangle problem of the blockchain.
Triagle trilema been a biggest problem of blockchains and we can proudly say, that we have achieved amazing results in past few years.
The Thinkium chain-network is design to support metaverse elements as well and the entire network is interconnected and efficient across the chain. With its advantages of high performance, low cost, and unlimited expansion, it delivers a stable, unified and trusted world for the metaverse.
The metaverse is very hot and got all attention globally today,but If researched THINKIUM whitepaper which we have published 2 years ago,you found that we have descripted and forecasted of what metaverse is.
Hoo:There are many public chains existing,such as ETH,DOT,SOLANA,DFINITY and so on,what is the unique feature of Thinkium? What do you do to win the competition of public chains?
Milen:Thinkium has different consensus mechanism and network structure, this make the network performance, scalability, security have different feature. We use POS+BPFT consensus, which make sure the security of network and also balance scalabilities have unique 4 layer network structure and alpha tree,which make us can reach high performance with low cost.
The unique structure make THINKIUM support multi-chain，sharding，and also support internal public chain and alliance chain. This is the unique feature that no other chain reached,that is why we call THINKIUM is an infrastructure of blockchain.
You can see the detail induction and technical mechanism of Thinkium in whitepaper which we have public 2 years ago on our official website.
About competition of public chain,yes,there are many public chains in the industry right now,lots of chain have successfully built there ecosystem,such as Ethereum,Solana,Biance smart chain,Fantom,Near and others. We believe that future is in “ Multichain World” This means that many blockchain can co exist and contribute equally to the ecosystems.
First ,we think this are very good signals,because the blockchain and meta-verse is still in very early stage,all this chains develop together bring lots of DAPP and blockchain experience to users,not only prove that blockchain business model is achievable ,but also to collaborate and attract new users and developers into this industry. Future is based on collaboration.
Also, Thinkium contribution to blockchain industry is not only competitor level ,but also complementary relationship.very existing public chain is isolation, they built their own ecosystem seperately.as i mentioned above, the unique multi-chain structure of Thinkium solve other chain isolation.Thinkium can be layer2 of Ethereum which verify every block separately and intantly,that means more security that other layer2 solutions; if we integrate other public chain into Thinkium,they can cross-chain easily and safety,break the isolation.
Most importantly,since we have finished the mainnet development few years ago, we will launch lots of develop activities ,such as bounties, community grants and heckathons. We have seen, that lots of chains have published millions of billions incentives polices for developers and applications,such as Solana,Binance smart chain,Fantom,but what they do is an temporary promotion activity,not a long-term strategy.
Thinkium is different, we have made a big budget for developers and applications in TKM tokenomics which will be long-term mechanism write in our fundamental structures,make sure all developers and application on Thinkium, in order to share the value of ecosystem fairly and transparent. Very soon we will announce the full details of upcoming activities.
Hoo:What is the develop roadmap of Thinkium?
Milen:There will be 3 main stages
Technical research and develop stage, early mainnet launched stage, ecosystem development stage.
Technical research and develop stage: Thinkium team was founded in 2017; In 2018 Underlying core module development: test network operation, testing TPS up to 20,000+ been finalized ; In 2020 The main network was officially launched: TPS reached 100,000+.All these Technical development are signs that Thinkium have achieved business and technical structure.
Early mainnet launched stage: The performance and security of Thinkium depend on amount of validator nodes — the more node running ,the higher performance and security be achieved. In 2020–2021,we focus on the node built work and adjust some technical issue,now have built above 300 nodes globally,which is in process of increasing. This give good fundamentals for future development.
We are currently at the development of third stage — ecosystem development. This is the most important part we are focused now as we would like to introduce this great tech to the world .
If you were wondering what 300 node means? We can compare to some other main chain,that is 6 times than Binance smart chain(BSC),above 8 times than Fantom(FTM),more nodes means more decentralise and security.
In other words, Thinkium has all technical capabilities to compare with most advanced blockchain infrastructures at the moment.
Hoo: We have heared that Thinkium have achieved a great upgrade of mainnet,can you introduce what this upgrade for in detail?
Milen:Yes , earlier this month, we have finalized our compatibility with Ethereum and EVM network. That is a great upgrade for Thinkium,as everyone in this industry know ,the compatible is critical in blockchain,and the Ethereum ecosystem have the most developers and applications,but the Ethereum low performance and high gas fee make it is not a user-friendly platform, so all Ethereum or support EVM applications can transfer to deployed on Thinkium directly with no extra-cost and extra-work.
This also makes easier to all applications that run on Thinkium to integrate with EVM world, which is huge at the current point.
Solana designed their own develop language and didn’t support EVM at the beginning ,but been forced to integrate lately. They are planning to develop a new chain environment which support EVM..why? Because EVM is very develop-friendly and low test cost for developers and application.The main applications on BSC and FTM were transfer from Ethereum ecosystem because they have low cost and higher performance.
After Ethereum and EVM compatibility ,the time for ecosystem development stage is mature ready to move to next level,Thinkium foundation is planning various activities and support policies mentioned above for developers and applications. We also communicate with other global ecosystems join our ecosystem , to create and share a new world together.
Hoo: Thinkium native token TKM have listed on HOO.COM 2 years,can you explain what TKM is and use for ,how value TKM will be in future ？
Milen:That is an interesting question
First of all , I would like to thank HOO.COM for their support! We really appreciate the long-term collaboration with HOO.COM.
TKM is the native token on THINKIUM network. It can be use for gas fee,measure of value,validators stake for NODE,value storage,medium of payment,currency for circulation .. etc The TKM will capture all value create from the development of ecosystem.
For the past two years,we didn’t do much promotion of TKM,because we are in the first and second stages of roadmap mentioned above.we are in the technical test , mainnet launched and node decentralisation development. There was high risk in the early stages ,so we only need the most believers and risk undertakers take part in first,we don’t want users underlying lost risk of project with no complete product.
In other words, team was focusing on building , building the entire time. We wanted working ecosystem, before introducing the token itself.
After 5 years development and 2 years testing,we have successful overcome the technical risk which is the highest risk of project. Now we are confident that Thinkium have the most potential to be the infrastructure of blockchain in future ecosystems. We build ecosystem and make more and more users experience our main blockchain services is our next goal. We need more users,developers and communities fulfill and share this together,that is why I have accepted HOO.COM AMA invitation today.
Our goal is be the top100 blockchain project in 1 years and top 20 in 3 years. We strongly believe that we can make it.
If you look at the market cap of top 10, 7 projects are public chains,this means there are huge potential for us, the market cap of TKM is under 50millions right now. That’s undervalue seriously and we are only listed on HOO.COM now. That is the big chance for HOO.COM users,because we planning and will to listed on more CEX and DEX in half years.
Another important thing I want to tell HOO.COM users is that we have make several activities and policies now ,and lots of important applications on Thinkium are going to launched within next 3 months,such as bridge between THINKIUM and other major ecosystem,meta-verse middle protocol which will make create and develop game or other meta-verse application easy,DEX and some major DEFI project.
I think many good news are on the line and we all have to pay attention in near future.
We are going to launched global community ambassadors programs which will help us to develop local users and developers communities. We will launched bounties for developers programs as well. Welcome to join and contribute to the Thinkium mainnet updates,we will hold grants for developers and applications go into THINKIUM facilitating ecosystem public good develop and users. Hackathons are also on the way , to make great developers develop various DAPP on thinkium.
Thank you for hoo.com for this invitation !
Let’s build a better blockchain world together !
Hoo:Thank you for your answer Milen.
With more understanding of Thinkium, we also believe that it will blossom and bear fruit all over the world in the near future.
