A driven grassroots community launched Telos blockchain with a vision that included EOSIO technology because of its accessibility and inclusivity to encourage
Telos blockchain network architect and whitepaper author, Douglas Horn, took time out of his schedule to talk to us about all things Telos and EOSIO, including why he opted for this technology and the benefits of using EOSIO.
Douglas Horn introduces Telos network for the masses
Telos blockchain is a public blockchain focused on empowering bulk adoption. The way we have built the system means it is easy for participants to join and use Telos. It provides powerful equipment for app contractors to ease their development cycles, and is paving the way for blockchain governance.
We envision a world where individuals are eager for new opportunities provided by blockchain for people and groups. This will enable them to compete with the powerful elite. To nurture this, we are aggressively pushing the blockchain boundaries to enhance its functionality and the user-experience.
We have been also giving individuals access to a platform that encourages governance participation. The unique features support governance in Telos, plus tools for every application on Telos in order to manage its governance.
For instance, we have extended the system-level voting and panel management functions to apps so users do not have to worry about maintaining their own interface. For convenience and consistency for users, this will apply to all Telos apps.
Telos has spent heavily on tools that prolong the capabilities associated with what app designers can do with blockchain technology. EOSIO is among the biggest elements because of its power, security, plus enormous capacity.
Other examples include the tools we are equipping developers with and the decentralized file storage space solution that has been rolled out.
Community-based Growth and Evolution
A driven grassroots community launched Telos blockchain with a vision that included EOSIO technology because of its accessibility and inclusivity. The community wanted to encourage all users to support its growth and evolution.
We felt functions like voting on the direction from the community, resolving conflicts among users, plus funding future growth based on community focal points were not only respectable but necessary for the chain’s longevity and ultimate advancement.
Choosing an EOSIO-based blockchain meant we could include all the features (mentioned above) that are important to use. The concepts and our community are inexorably linked as we want a blockchain that is truly built for all users, but how can you if there is not the time and space for them to set its direction?
While building these new governance tools, it became clear they will be invaluable to every decentralized autonomous community (DAC) and future tokenized economy. The Telos blockchain intends to pave the way for this approach, so users have access to the tools they need.
EOSIO – Fast, flexible, and forward-driven
To me, the development of blockchain tech follows a definite arc towards increased function and better usability. EOSIO can execute calculations every half second, which makes it among the quickest blockchain platforms currently available. It has been proven to help large, global networks with a selection of users and actions.
Naturally, this is just one minor component, but it is important because whenever one invests in a platform within a technology that is still young, like blockchain, it’s important to understand the technology performs and is reliable.
We think businesses and developers will come to the same conclusion and accept EOSIO as the champion when it comes to blockchain.
But more importantly, we have seen Block.one’s dedication to adding new features and updates to EOSIO. People do not appreciate how important this is because all the EOSIO-based chains are being under-used in terms of the capacity.
Block.one gets it. The approach they take matches our vision and EOSIO 2.0 is a great example of this.
Challenges and Journey so far…
The biggest challenge has been to build a world-class blockchain. It required a lot of original code development without any financial backing.
Of course, the early Bitcoin developers faced the same challenge. But that was before the existence of exchanges, conferences, adverts, influencers, and everyone else in the eco-system understood its potential.
We benefited from Block.one’s ongoing EOSIO development as our primary platform. But Telos needed to support its core developers to write the code for the features we had promised.
In the end, we created more original, open source additions towards the EOSIO code than any EOSIO-based blockchain, and without money coming in.
It was challenging to get listed on exchanges using no funds. But we were fortunate in that we had a really committed and accomplished group of contributors. Our mutual vision for Telos was a key driving force and helped us through the tough days.
Most significantly, we knew that once the chain was launched, the system we were creating would allow us to create a source of funding to help the chain grow as driven by token-holders.
The road to success has been hard, but now Telos is funding exchange listings, marketing, and development. Recently, CoinMarketCap listed Telos and it is a Top-100 token according to industry service providers like CoinGecko.
Major Achievements of Telos Blockchain Network
Telos launched the mainnet in December 2018. We added EOSIO through our own development channels and unique code. So far, our achievements include surpassing the 50 million block mark, updating to EOSIO 1.8, and now we’re testing EOSIO 2.0.
In terms of governance, we now have a robust worker system that funds Telos projects. Some projects, such as the Chronicle history project, also benefit EOSIO and the blockchain eco-system.
Take, for instance, the WordPress blockchain time stamping plugin. Originally funded by Telos, WordProof, allows computer users to prove the publication time of their blog posts on Telos, EOS, and other EOSIO blockchains.
In addition, the Telos proposal system is the only system in the world that is contract-controlled and can be accessed by all users. Our governance helped us to survive an election hack without harm being caused.
Scaling the Network – Telos Economic Development Plan
We recently passed the Telos Economic Development Plan – the community-voted governance amendment ballot. The historic ballot was overwhelmingly supported by the community, who approved a plan to ensure Telos becomes the first zero-inflation third-generation blockchain by drawing tokens that were never claimed from a pool. It was reserved for EOS snapshot holders with tokens stuck on exchanges.
This amendment is key because it enables Telos to scale, in part by making the chain more attractive to token holders.
In the developing world, we have made great inroads. For instance, Telos developers launched the world’s first stable coin associated with the South African Rand (the leading currency is sub-Saharan Africa) called the eZAR.
Major interest is being driven because other African national currencies are deploying similar stablecoins. It is a significant development. There are no traditional clearinghouses for these types of transactions among African national currencies.
Telos’s DEX, Vapaée, may become the first free exchange system that these currencies ever see.
Hypha DAO, dStor, and more
Hypha DAO, a recently deployed Telos project, saved the team a year of development. This was because of the features that were available through Telos. Multiple affiliate projects now want access to those same features – rapid development and platform-level solidity.
The decentralized file storage system developed by the Telos team has drawn attention within the industry. dStor has the potential to increase functionality like document storage, streaming, GDPR compliance, and more.
We worked with Carbon.money to create direct routes to Telos, which are now integrated with some Telos wallets, such as Sqrlwallet. io. And we feel that the expenditure we’ve made in this development is already paying off.
The Decentralized Team of Telos Blockchain Network
Telos is highly decentralized, along with contributors all over the world.
Seattle-based GoodBlock has taken the lead on the program code development. This includes voting and governance functions, and dStor decentralized file storage.
Telos Miami constructed an advanced wallet for blockchain governance. It features the ability to purchase TLOS tokens or the Telos USD stablecoin.
EOSza in South Africa constructed an equally user friendly mobile wallet for Telos. It has gone mainstream as it is available from both the Apple and Google app stores.
Strong contributors in Spain include Teloscope, eosBarcelona, and Telos Madrid. In addition, Telos associates maintain a strong presence on other EOSIO chains. Contributors helping to maintain strong associations include; Infinitybloc, CalEOS, EOS Of detroit, EOS Dublin, AtticLab, and EOSphere.
Suvi Rinkinen, with CryptoSuvi in Finland, does a great job as president of the Telos Foundation. Richard Bryan of TelosDAC is doing great work on the Telos Foundation board, as well as in London and Kenya, where the app deployment and onboarding is taking place.
The Telos Community
We have marketing and advertising teams like Group Telos in the US, OktoTelos in Venezuela plus several others funded with the Telos system voted by users.
What makes the Telos community special is the commitment to constructing technology, along with a practical and thriving community. Many of us have been using the project from the start, and some are new to Telos.
Various teams, The Teloscope, CryptoSuvi, EOS USA, and Telos Kitchen came to Telos right after our launch. It is a real meritocracy and the Telos voters are quick to reward strong contributors. People will bring plenty of effort and suggestions when they know individuals will be rewarded.
Telos Foundation and blockchain solutions
The Telos Foundation is our body for promoting the chain and allowing us to make deals among professional organizations. Which has helped us attend and sponsor conferences.
We attended the Blockchain Expo London where we explored opportunities for dealing with enterprise computing businesses. We discovered we would need a consultancy in order to capitalize on the opportunities available.
Several people within the team launched Telos Blockchain Solutions, a London-based limited company that plans to offer services to big corporations. By the time we went to Amsterdam for our next conference, we knew what to expect.
Telos Blockchain Solutions (TBS) explained:
Telos Blockchain Solutions (TBS) has helped us partner with companies – more updates are to be announced.
Fairwinds Digital in Italy is one of the first companies we worked with as part of our strategic partnership plan. It has a great platform for IoT devices. Telos (through TBS) is providing interface technology for the IoT devices to use the Telos blockchain. It will record data from edge computer devices and trigger smart contract micro-transactions based on the data recorded.
We’re excited about the particular apps and DACs that are deploying on Telos at the moment. Our ethos is appealing to projects that share our interest in egalitarian governance. I’m enthusiastic about SEEDS and Hypha DAO, which is a regenerative economy project hoping to reward projects that want to build a better world.
Havuta is a dapp that gives transparency and result tracking for global aid programs and NGOs. They reached out to Telos because it was obviously a great culture match for what they have been building. And because the tools provided by Telos got them up and running faster.
Gyfte, just deployed on Telos, will use its identification services to increase visibility for those who need it. The block producers will be early adopters of Gyfte to strengthen our governance around preventing cross-ownership. We are expecting many applications, as they will want to take advantage of the additional features.
The future of Telos blockchain system
When users find they can collaborate easily on financial and governance issues, we will see thousands and thousands of homeowners associations, trade groups, sports leagues, unions, tribes, student groups, and local governments voting freely on various issues.
This is huge, because once organizations use these tools, their existing tools will seem clumsy and outdated. Telos is thought of as the ‘self-governance blockchain’ that organizations turn to, to ensure their stakeholders are informed and in control.
Empowering people with technology
Telos is creating a future where the people are empowered by technologies. To work together and promote both voice and value, fairly and transparently, so that they can construct great things jointly.
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