Day: September 16, 2019

Lucky Sevens Monday article: “Overview of lately Transcendence progress. CEO Pascal Papara as podcast guest, TELOS Apple Wallet, How to get free TELOS and moreā€¦” is out!

As expected, Lucky Seven has once again delivered Telos related article on this Monday too.

This time article is giving a nice roundup on what has happened lately in Telos world, so basically same stuff as TELOSNEWS.COM have already been talking about, but now in one place and in shorter form. Not to mention that whole TELOSNEWS.COM was originally inspired by Lucky Sevens previous one week round up of things that had happened at Telos land, which brought a thought of, wouldn’t it be handy having some place where all things Telos would always be gathered in such a short and handy way? And here we are full round telling here about Lucky Sevens article.

Pick where you want to read it:

CryptoAcid

Publish0x

Medium

Steemit

Minds

New Voting – Update telos to become Phantom resistant?

It appears theres been an error in DASH coin base ever since 2017, however, it wasn’t such a problem until now, since now someone has released a tool to utilize this error and create so-called Phantom nodes to the network.

Now don’t get worried yet, as Dev pointed out this is more of an ethical question in nature rather than a big problem.

These Phantom nodes appear to the network as nodes when they actually are not. The idea with running a node is that node has a copy of the blockchain and helps the network. These Phantom nodes, however, do not have a copy of the blockchain, but instead, they take all the necessary info directly from explorer to spoof as a node.

However, these Phantom nodes do require having the collateral still, making the problem much more minor since they can’t really affect the whole economy much. The only thing they basically do is that they don’t contribute to the network at all and from the economics point of view, only benefit they have is that they don’t need to pay a monthly cost for running the node.

However, there is now voting at governance.rocks if people wish Telos be updated to fix this phantom issue or not, since fixing would require forking, which is not a small thing as we saw last time in July.

One option is to fix it immediately, another is to fix it 10 months later on Telos birthday when there is planned to be another update and fork anyway and let them be until that, or the third option is to do nothing at all about them.

As an additional benefit, when making the fork as soon as possible some other things could be fixed, like blocksize increased from 100k to 200k, since 100k has already reached its limit in Devs hand a bit and, I suppose, split blockchain problem would go to history as well, unless another split would be born from this.

Also, as last benefit would be that so far Telos would be the first coin in world to become phantom resistant. Who knows, perhaps someone would even report about that.

Go voice your opinion at governance.rocks and while at it, why not take a look at other votes/bounties too.