Day: December 17, 2019

New roadmap for Telos and XBTX for 2020 available

Since people keep moaning about not having a roadmap available for Telos and XBTX, Pascal finally decided to make one to please this crowd.

While this new aesthetically pleasing roadmap does look nice and is even available in both dark and white background, you however shouldnt expect too much from it.

It is an good addition and shows some clear tehcnical nature goals, but it is missing all the new things coming, like cryptomages, profitcycle, etc.

But it is still good to have one, and thanks from that Pascal!

Oh, and of course thanks to Discord Mod Tybiboune too who actually made the graphics.

the version for light background
and the version for black background –
not sure what is the difference but I am starting to feel there is some hidden racism in here by leaving all the yellow, red and gray shades out of choices.

So what do the Roadmap then say?

For Telos Wallet, it is basically telling that there is going to be the regular update requiring a fork a during summer, which we have already known since last summer. However, it also mentions developing so-called magnetic links into Telos, which is something new and makes it possible to basically integrate cloud storage systems and other things into Telos without actually needing to store all that stuff in Telos, for which there wouldn’t be space enough for.

For XBTX it is mainly saying that there is going to be a wallet, a one that can create and manage assets on-the-go.

For XBTX assets, which is basically a continuation from XBTX wallet part, it is giving some bit more info, including some names we didn’t know before.

There is going to be a VEND ticket for Vending machines. Then there is going to be CO2, which is a token for Greenboxes. And then there is going to be Kudos which is token for Profitcycles. As last there is also a mention of a Bilbo token – what that is, your guess is good as mine.

General updates section basically mentions preparing systems for arbitrage trading, tax reporting, and fraud prevention.

Transcendence Cloud & Transcendence Wallet part, however, reveals us something bit more exciting sounding stuff by revealing us a lot about the future wallet that’s been in the making for a long time already.

It will have built-in KYC, AML 5 compliance, built-in MN hosting and hashpower renting, to put it short, all-in-one solution wallet.

In steps to make this all, Amicloud will be rebranded into Transcendence Cloud, which is unfortunate since as Amiga fan I always liked the Amicloud name.

To make it, even more, an all-in-one solution, it also mentions merging IndieGO store, Transcendence Cloud and multi-coin wallet all together, and as the last step for 2020 all-in-one plan, it will also merge MinxAI, Tradingbot, and Bitdorado API all into the same wallet.

When this all is done, it sounds like it truly is going to be pretty much all-in-one wallet, and getting into the world of Transcendence will be very easy. Just download and install the wallet, and through that wallet you can do all the things you could want to do, including handling other coins even it seems.

Keep in mind, this roadmap was basically just about boring technical stuff, this was still leaving all the exciting stuff mentioned, like not a single mention about Cryptomages which is about to go to open public beta beginning of next year, so one can wonder what more is there in store for Telos for next year, since at least the technical plans seem to be in good state, but what all surprises and new products are still waiting for us there, we will see in 2020.

Governance.rocks has 1 new voting and 1 new bounty

Governance.rocks is currently having 1 new vote and 1 new bounty.

Voting has to do with Stakegrinding, which in simple terms means that someone is able to get much more staking rewards than he should and which was reported by TELOSNEWS.COM in an earlier article.

This problem can be fixed immediately, and it can be done in two different ways.

The hard way is that a new fork is needed which means that all the nodes and all would need to be set up again for the new fork.

The easier way is to simply turn the staking off completely. No staking, no rewards, not even for the stake grinders, but this means no staking then.

However, since Telos anyway has 70 percent of its coins locked to master nodes, and damage isn’t that bad, instead of doing an immediate fix, the problem can be fixed next summer when next fork is anyway going to happen.

Personally I think this problem is such a minor one, and we can expect more similar-sized problems to happen in future, that I don’t really see sense in fixing every small problem with such heavy features but let the problem exist until next natural fork and while that happens, fix the small problem along.

You anyway now have a chance to voice your opinion by picking one of 4 options:

  1. Fix immediately by removing staking.
  2. Fix Immediately by making a new fork (requires reinstalling all nodes)
  3. Wait until next fork, but fix it by removing staking completely.
  4. Wait until next fork, and just fix it.

The second new one in governance.rocks is a Donation bounty for marketing.

Telos is going to be listed at biki.com exchange, and instead of usual just get listed, this time plan is to list Telos by specific timing (decided mainly by biki.com), and by a marketing campaign.

Marketing campaign, however, costs, especially when idea is to place banners at places like MNO and coinmarketcap.

Therefore if you like the marketing campaign to be bigger, you now have a chance to donate to it.

As an additional incentive, I myself promise to donate 1 telos for every 2 Telos put to that bounty up to 100 000 Telos by the last day of this year.

Right now there are 100 000 Telos, so on the last day of this year I will be putting 50 000 Telos there more, but if you readers put there another 100 000 Telos still, then instead of putting just 50 000 Telos, I will be putting 100 000 Telos there.

Hurry up and fill up that donation Bounty!