Built for capacity, speed, and minimal energy consumption
New Internet Media’s tech platform is a hybrid concept that utilizes the best features of blockchain technology and modern databases to reach an optimized capacity for huge data volumes processed at a fantastic speed. And unlike other blockchain-based solutions, NIMs technology requires a fraction of the energy consumption of traditional systems.
New Internet Media Technology
Bitcoin can conduct around seven transactions per second for an energy cost per transaction of 1,173kWh. NIM tech can conduct about 4500 transactions per second for an energy cost per transaction of 0.035mWh.
NIM Tech is capable of 6500 TPS (Transactions per Second) and >10 000 TPS on dedicated platforms. Finality is also important: - Bitcoin has a finality of 60 mins' - Ethereum is 6 mins, and NIM Tech has less than 1 second.
NIM Tech has tested the EVM (Ethereum Virtual machine) in our CopyrightChain subnets and is able to implement full Ethereum tools in the backbone infrastructure at a fraction of Ethereum cost.
Copyright registration is the same process across all results of a creative mind. Copyright owners are registered with shares in the copyright and consequently have the right to receive royalties( according to how many shares).
NIM Tech can handle more than 10 trillion requests per day and can support peaks of more than 200 million requests per second (Visa does around 1,700 transactions per second on average).
Today the royalties are paid through intermediaries taking a non-negligible piece of the pie. NIMs services of tokenized nano-payments guarantees nearly instant payment and much reduced fees.