Blockchain platformTelos this weekannounced a new technical roadmap for 2021.
“Last year saw a groundswell of adoption for Telos from users, developers and other partners. Our Telos Decide governance engine proved popular as a platform for transparent, immutable, deterministic and user-friendly governance for any use case. Today’s world is suddenly hyper-aware of the pressing need for better systems of governance at all levels that Telos can provide,” said Douglas Horn, Telos chief architect and whitepaper author. “This year, we look forward to releasing an incredibly ambitious yet achievable collection of class-defining blockchain features to augment and support these tremendous governance tools. Telos has grown past its grassroots inception to lead the pack in terms of robust, enterprise-ready features that will make Telos a ‘must have’ blockchain solution.”
The five new projects Telos will be building, releasing, and highlighting this year include:
dStor, a decentralized cloud storage platform intended to compete fwith Filecoin and Amazon Web Services, with fast and reliable “all region” file access from anywhere in the world at significant discounts from traditional providers. In addition to robust forward-replication and fast, DDoS-resistant (patented) load balancing, dStor will use fiat invoicing to make it accessible to the 98 per cent of businesses that have no intention of using cryptocurrency-based billing for their needs. dStor storage node operators will be paid in the Telos native TLOS tokens for providing excess storage and high-speed bandwidth to the system that incentivizes high performing nodes with higher pay. (expected Q1 2021)
Telos EVM, an Ethereum virtual machine that runs existing Solidity contracts without modification on Telos just like Ethereum, but with 30X greater speed, >100X higher capacity, and at around one per cent of the cost of Ethereum gas fees. Developers can deploy their Solidity smart contracts to Telos EVM without needing to modify the code. Telos EVM can rescue existing Ethereum dapps stymied by the massive increases in Ethereum gas fees. (expected Q1 2021)
Telos Private, the first framework for executing anonymous smart-contract platform transactions using completely private zero-knowledge proof-based transactions for Telos users–or users of any other blockchain connected to Telos. Telos Private will employ a separate EOSIO sidechain with modified code to allow zero-knowledge (ZK) proof transactions via exclusive bridges to and from Telos. Telos will be linked to other blockchains like Ethereum using deterministic smart contract-empowered cross-chain integration (CCI), this allows users of any chain connected to Telos via CCI to add easy-to-use, private transactions at very low fees. (expected Q2 2021)
Telos ID, an identity solution that addresses two pressing needs: First determining and rating the “unique humanness” of an individual account’s identity and second, simultaneously allowing users to let others verify necessary information about them without leaking any additional identity data that the user does not specify. This component of identity security is deeply needed for voting, compliance, and UBI solutions. (expected Q3 2021)
Telos Location, which will allow proof-of-location using the Telos blockchain. Telos Location uses patent-pending algorithms based on reliable mobile and WiFi information to help pinpoint location data in a reliable, deterministic manner, while paying users to do “location mining” for the system. Individual mobile device users, wifi hotspots and others can earn TLOS rewards for providing a web of location data that helps create cryptographically provable location data. (expected Q4 2021)
In 2020, Telos saw several third-party apps use its blockchain, including social impact startup All_EBT, interoperability platform Transledger, creative platform Newlife_AI, social media-focused DApp Appics, decentralized social content platform Discussions.app, and climate project Telokanda. In 2021, Telos-elected validator GoodBlock will be releasing a mobile app version of its on-chain governance engine Telos Decide called Decide Voter, strengthening the Telos-exclusive voting platform, driving increased adoption across all kinds of organizations and increasing value for the Telos blockchain. The Decide Voter app will also be available for bespoke development and licensing of innovative governance solutions.
The Telos network currently supports 10,000 transactions per second (TPS) with zero transaction fees, compared to Ethereum’s 14 TPS with fees, the company said in a release.
