Cryptocurrency temtum minted and stored in the Royal Mint vault ahead of global launch with CoinAll on 17th July
A new era of finance has arrived, as this week temtum used the Royal Mint to produce the next generation of currency in the form of cryptocurrency, temtum [TEM].
In a world-first, Founder and CEO of digital currency temtum, Richard Dennis, and a private security adviser worked within the Royal Mint storing the cryptocurrency’s private crypto keys in its vault and creating its genesis block, signaling the birth of the TEM currency, ahead of its global launch on Wednesday 17th July.
With the Royal Mint having minted the UK’s supply of coins for over 1,100 years, alongside over 60 nations worldwide where British currencies are exported, the financial institution will forever be the home of the temtum genesis private keys and currency reserve.
Similar to the creation of a physical coin and traditional fiat currency, digital coins also need to be formed. With minting being the process of official coin creation, this is a significant milestone for the temtum coin (TEM) and the cryptocurrency industry, as appetite for digital currency clearly continues to grow within the mainstream.
By working within the Royal Mint alongside a private security adviser, temtum has ensured the highest security measures are in place for the currency. Firmly setting the benchmark for security within the industry, as crypto keys are often stored insecurely and irresponsibly, the temtum team have combined decades of security expertise to produce secure private keys for temtum, with the genesis block – the very first block of transaction data on temtum’s Temporal blockchain – and the original private keys of temtum forever stored in the Royal Mint vault.
Ensuring hacks and fraudulent activity is near impossible,