Telos Revolution coin fork coming in July

Telos Revolution coin fork coming in July

There was a lot of misunderstanding regarding this announcement, so let’s hope I can clarify the situation a bit.

First of all, nothing will happen until next July.

And on that next July, there is going to be a fork happening. This fork is a planned thing. It happened last July, and it will happen in future years Julys too unless something changes.

This mandatory fork on July has to do with some limits of blockchain technology which make it so that to make some fundamental changes to the coin, like changing Rewards, either requires them to having been planned in advance to happen automatically at some point, or then you have to do a fork to get them happen.

Because Telos wishes to be a democratic coin where everyone can vote what fundamental changes will happen with the coin, for example, rewards cant be planned in advance, since it can’t be known what will be voted by people in advance, and therefore the only option is to make a fork to get these fundamental changes to happen.

To avoid unpredictability, it had at the beginning been decided that fork would be done every year in July, bit like it is decided that there are political elections in countries every x years apart. Of course, if nothing is voted to change, then there is no need for a fork either.

Next July fork will, however, be slightly different since there will happen two different forks at the same time.

The first fork will be the usual mandatory fork where Telos fundamentals will be changed according to what people vote, just like last July.

You can right now go and vote to affect how Telos will work after next July and you can read more about the options from an earlier article about them in TELOSNEWS.COM.

Second fork will, however, be Pascal’s own fork that he will use as his playground to test some of his ideas to see how they would work.

This second fork will be called Telos Revolution, and NO, despite its name, it will not replace our Telos that we all have grown fond of.

Idea is simply that Pascal wants a Telos coin version which he will have full control. There will be no voting or anything regarding Telos Revolution, but it will be fully controlled by Pascal.

And NO, Pascal is not switching to support Telos Revolution instead of Telos, but he will continue developing and supporting Telos as usual, and Telos Revolution is just a playground for him.

Good news for us is, that as forks work in such a way that whatever coins you held at the moment that the Fork happened, you will then have them in both forks.

This means that if at the moment these two forks happen, you happen to have 100k Telos, You will then have 100k coins in Telos as well as 100k coins in Telos Revolution.

And even better, Pascal is actually planning on selling stuff against Telos Revolution too, meaning your money is sort of doubling.

So since there are two Telos coins, then should you start trading with them both then? Basically no.

The current plan of Pascals is that he doesn’t have plans on putting Telos Revolution into exchanges, which means that you can’t really trade with them, at least not the traditional exchange way. So that already shows that Telos revolution is not meant for trading, but just for Pascal to test his ideas, although he does give an option to use them to buy things.

What you should do is to continue using and trading with the Telos as usual, since Telos isn’t changing anywhere, it will stay as it is, and will continue to be supported and developed just like before. There will just come a test clone called Telos Revolution which main purpose may be being Pascal’s playground, but which happens to be positive to Telos owners as they can use their Telos Revolution coins to buy Pascals stuff too.

So only a good thing happening here, nothing bad. No need to panic or anything. Just enjoy this stroke of luck the current owners of Telos will have when the next fork, or two, happen next July.

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