Author

Topic: The Telos Network launches the first sustainably decentralized EOSIO-based block (Read 193 times)

full member
Activity: 980
Merit: 109
So, the launch of the Telos network has begun. This will definitely be a much-improved version of the EOS blockchain. You can find out what stages to go through this network in the following article: https://medium.com/@teloslogical/what-happens-when-telos-votes-to-launch-d18f8bd494f
full member
Activity: 980
Merit: 109
And YES! Telos launch! See the last "Telos Launch Go/No-go Call" https://youtu.be/nc4Lf9XzZjc
Congratulations to all! Congratulations Telos team! Thanks for this hard work!
full member
Activity: 980
Merit: 109
Members of the Telos Blockchain Network meet for the first vote on Go/Go No for the launch of the Telos Network. The decision is based on status of all items in the launch checklist. The following list of features and functions are considered essential and must be completed and tested in order for Telos to launch. The vote was "No".

Next Go/No Go decision call is scheduled for October 17, 2018.
full member
Activity: 980
Merit: 109
Thanks for the info!
The project is interesting. I studied their documentation, visited the site and social networks. Work on the project is on, the development team is working hard.
A test network is started. Today, the first voting on launching the main network should take place:
Quote
First go/no-go decision date: Sept 28, 2018 16:00 UTC
On a yes vote, the network will launch 8 hours later at midnight UTC
newbie
Activity: 2
Merit: 0
EOSUK are proud to be supporting the launch of the new Telos decentralized EOSIO-based blockchain. Having already had experience on launching the

EOS mainnet we welcomed the chance to be part of this project which looks to solve a lot of the problems that have developed since the EOS mainnet launch. As they say hindisght is a wonderful thing!

Telos telosfoundation.io is responding to the critical need for a network where developers can affordably release commercial EOSIO DApps. Telos offers innovative solutions to problems currently plaguing the EOS mainnet: keeping RAM affordable (slower RAM release, and RAMprice stabilization), voting (inverse-weighted voting), block producer reliability (equitable pay, enforced minimum requirements, regular testing of standby readiness), and governance.

Telos will sustainably decentralize its network by capping whale accounts. Telos will start with the EOS ERC-20 snapshot but cap accounts at 40,000 TLOS tokens. This will affect less than 0.67% of all addresses while creating the most evenly distributed token ownership of all major blockchain. There is a simple process in place for exchanges to petition to have TLOS tokens created for all of their customers who held EOS tokens at the time of the EOS snapshot. Telos will have a money supply of approximately 330,000,000 tokens, meaning that each TLOS token will have three times the network equity of an EOS token.

Telos Fact Sheet

Telos offers cutting-edge approaches to running a stable, cost-effective EOSIO network for DApp deployment. Telos innovations may eventually be adopted by the EOS mainnet.
Telos is based on EOSIO code and will be compatible with EOS for DApp developers.
Telos gives new TLOS tokens to all EOS owners included in the original EOS snapshot.
TLOS tokens will be distributed 1:1 with EOS tokens, capped at 40,000 per address.
Telos has a documented process for exchanges to petition for new tokens to be printed for their customers (up to the cap amount) and list TLOS tokens.
Telos has a developer focus. RAM will remain affordable. DApps will not be forced to be open source.
Telos will designate a RAM fund to ensure the first 1 million new addresses will be free to create in order to aid rapid user adoption.
Telos includes two powerful tools to help stabilize RAM against speculation.
Telos enforces minimum requirements for all block producers.
Telos standby block producers must regularly prove their readiness by rotating into production 6 hours every 5 days. This helps ensure network resiliency. It also gives each of the top 21 block producers 12 hours off per week for scheduled maintenance.
Any block producer that fails to produce blocks in 30 minutes (180 blocks) is automatically replaced with a standby BP for 6 hours.
Telos will launch its mainnet with approved wallets, a valid Constitution, referendum voting, worker proposal process, and an arbitration process and body in place.

The Telos partners include: eosBarcelona – Spain, EOS Detroit – USA, EOSMetal –Iceland, EOS the World – Puerto Rico, EOS UK – England, EOS Van – Canada, goodblock(EOSAmericas) – USA, Infinitybloc – USA, keten.io (Dutch EOS) – Netherlands, SukeshTedla – Sweden, Telos Labs (EOS Socal)
The Telos testnet is currently live, with multiple block producer nodes. See it at https://testnet.telosfoundation.io

For more details check out the Telos White Paper, visit the website http://telosfoundation.io or take a look on Telos social media page:

https://telosfoundation.io/
https://twitter.com/HelloTelos
https://t.me/HelloTelos
https://www.youtube.com/c/TheTelosNetwork
Jump to: