New Dashboard version for the public was finally released and it can be downloaded from Github link.
There are a couple of changes in this version, one of the major, although not so visible to a common user is that all the tx databases are now being converted into SQLite databases. This in short means that things should work better, as in faster and more stable.
There is also one peak into the future feature in this since in this version there is now in the menu an option called “Oldtimers NFT”. While it is in the menu, and you can go and check about it, it is, however, not for real there yet.
I guess partially for the needs of this OldTimers NFT option, there is now also some messaging systems in dashboard.
There is an announcement system so that Transcendence can send messages, for example, to inform about new Dashboard version releases. And there is also some private messaging system. I suppose this is to make it easier to ask about some specific NFT cards between potential buyer and a seller as an example.
XBTX Miner is another new option in Dashboard Menus, but nothing has been told about it, and when clicking, it is talking about Linux, so this is probably meant only for, maybe Bluebox 2 owners or something, and might not have any use for a common user in a wrong computer environment.
Quite much new stuff basically, although still looks like very much in a beginning, but this is a huge step forward in seeing Pascal’s vision about what he is after with the Dashboard, and with less imagination than last time, you can see how this can become a pretty useful all-in-one app for crypto users.
As “Lottery Block”-voting passed (haven’t told that to you yet), while doing the change to reflect the addition of a monthly Lottery Block, why not vote about other Telos Fundamentals too to see if some more changes should be done at the same time, especially when considering that the latest halving came by surprise and hence no voting about fundamentals were done.
One about POS/MN split, and another about The Master Node collaterals.
Masternode Collateral options are following:
1K / 10K / 30K / 1M / 3M
1K and 100K
only 1K
only 100K
only 300K
Right now the option 5 is winning with 767 votes, and the only other option that seems to be having votes is option number 4. However, due to how the dashboard displays those votes, it is difficult to say how many votes number 4 has, maybe 50, so well behind option number 5.
This Masternode Collateral voting however might not have any relevance in the end, since the other voting is about the split between POS and MN.
POS/MN split options are following:
50/50
30 POS / 70 MN
10 POS / 90 MN
90 POS / 10 MN
100 POS
Option number 5 means there will not be any Masternodes anymore, but only Proof of Stake, which by other words mean wallet staking, and right now it looks like Option number 5 is winning by slide, for option number 5 currently has a whopping 120 105 votes for it and due to how dashboard displays votes, I can’t really see if any of the other options have any votes or just some compared to this option.
What do these changes mean in practice?
well, Masternode collaterals give a different kinds of options. Like currently as we have had 100k – 10M nodes, it means that entry to master nodes is a bit expensive compared to 1K nodes, and such high options like 10M seem to have also contributed to having perhaps even too few nodes since the network has had problems every now and then.
Few nodes however is not automatically a problem.
having only for example 100K nodes, would increase the number of nodes, and keep things simple, since each node is always just that 100K, and also theoretically increase network stability, however, in practice it also tends to mean that people who want to run 10M worth of nodes (that’s hundred 100K nodes) might look at cheapest possible options, which in practice results in bad nodes, and bad nodes result into a bad network.
When it comes to POS / MN split, this naturally affects the appeal of running nodes. Less for MN, less appealing it is to run one, which naturally affects the number of nodes.
However, especially since now the 100 POS option is most voted, which I personally hope will win, I will point some pros and cons about that.
One bad thing is that currently Blueboxes are at least theoretically running a Telos master node. With 100 POS, they might not be doing so anymore. So those rewards might be gone for the bluebox owners, although there isn’t really any reason why blueboxes couldn’t change into running 24/7 wallets instead to support the network, except as far as I have understood, blueboxes are not running master nodes currently, but owners have anyway been paid the amount of Telos they would have received if 100K masternodes had been run on them.
Another bad thing is that Telos will lose some visibility, for example places like masternodestats.info list master nodes and their profits, but if Telos moves to fully POS, will masternodestats.info update its system to also show full POS Telos, or simply remove it from the list? While masternodestats.info, I hope, will update POS Telos to its list, many other places might not.
To me, good things however outweigh those bad things like possibly losing my Bluebox Telos income.
For one thing is that POS is very simple. You just keep your wallet open and Telos inside it and you can get more. This is very beginner-friendly compared to running master nodes where just setting up one takes a lot of know-how, and on top of that if you don’t know what you are doing you might end up messing the whole Network, like happened with Telos 1 when we had over 10 000 Master Nodes in the network and many of them were run by noobs or people who didn’t care but just tried to squeeze every penny out of it with the cost of network stability.
This beginner friendliness might well attract some new people into Telosland since you buy some amount of coins and they start getting more very easy.
Another problem solved is that Teloscoins codebase is based upon PivX, and as far as I have understood, there seem to be lots of bugs in PivX code that haven’t really been fixed by most of the PivX based coins. And to my understanding many of these bugs have to do specifically with Master Nodes.
One exploit bug was actually tried to be fixed in Teloscoin once, but since not enough master node owners started running the new fork, the new fork couldn’t get off, and hence the fix never happened.
Which also gives one more reason to go to full POS. Who says we have enough master node owners who care to update to the next fix fork either?
Of course this doesn’t mean that wallet users will do any better, but at least it is easier to just update your wallet and start it, than setting up an updated master node. So my guess is getting new forks with changes in effect will be easier with full POS, and we already know that at least master node owners failed us once.
If you are not happy with how voting is going on currently, or if you wish to make sure it goes as it now looks like, now is the time to go to your Dashboard to vote on the options.
You have time to vote until 5 pm (UTC) on the 29th of October, which is roughly one week from now, and each vote costs 1 Telos, and you can cast as many votes as you like to the options you like.
edit 25.10.2021:
According to the username halalsolutions message on bitcointalk thread “old Transcendence ANN”, it seems my understanding of Blueboxes mostly not running Telos master nodes anymore was confirmed.
However, it would also seem that my understanding of the basis of today’s bluebox payments is wrong.
As said in the article, I thought the basis on payments was on “virtual” Telos master nodes, but appears, according to halalsolutions message, that the basis has been in some sort of storage renting system, probably something similar, if not the same, to what Project Alexandria is supposed to have in Blueboxes.
When in the article I said that full POS could remove bluebox income, halalsolutions seems to think it could rather triple the bluebox income since according to him, bluebox rental income is based upon the collateral represented by blueboxes, and full POS would mean more income since blueboxes represent most of the collateral. I don’t know if halalsolutions is right, but my guess is that halalsolutions is better aware of the system than I am.
Roughly two weeks ago Pascal said in the Telos Telegram group that he would pay 100k Telos for someone who makes a manual with pictures for Dashboard.
With Telos signs in my eyes, I rushed to work on it being happy that most Telos people only use Discord and not Telegram, hence it being unlikely for me to have any competition for that 100k Telos.
Last Friday I finally got it finished and Pascal uploaded it to Github adding it to the 3.08 version of Dashboard.
There are probably some errors still, so if you find any, you could go to Discord and tell about them in the dashboard-transcendence channel so those can be corrected for the manual.
I am no expert on Pads, hence I am not even going to try to give you detailed info on whether this is better/worse than Kindle, Ipad, or any of the less than 50 Euro pads from markets.
I can just suppose that this is made to last better than those cheap Pads, and probably also has more power, for since part of the idea is to run Master Node in this, and it should be even suitable for mining – I suppose at the same time, then it can’t be ultimately unpowerful to be able to do so like the cheap market Pads to my knowledge are.
Gaia CryptoPAD has been a long way coming, already mentioned in the Telos discord channel in 2019, and now is finally here in that you can start buying them and deliveries start already roughly a month later, estimation being at the end of this month.
What Gaia CryptoPAD offers compared to other Pads is that it is aimed at Crypto stuff. Hence it will be suitable for running master nodes, as well as all Transcendence stuff, like keeping Dashboard open for 24/7 and even kept beside your bedside turned on to show what is happening in dashboard continuously, which is actually the reason why Dashboard was designed with its Orange color theme since it has been noticed that orange color display doesn’t bother the sleep the same as for example blue colors would.
For the first 100 CryptoPAD orders, there is some special included:
First is the 100k Telos coins that you can use to set up your master node to run with your CryptoPAD.
Another bonus is that first 100 CryptoPADs will also include a random standard card deck for Cryptomages.
How much worth is this standard Cryptomages deck is difficult to say since this is the first time I hear it being announced that this standard deck can be bought at all.
Naturally, the idea would be that when you buy CryptoPAD you would eventually make a profit – two different ways this time. If the price of Telos jumps back to 1 cent for example, you would already be on the winning side with the included Telos coins. Although you could argue that for the price of CryptoPAD you could already at current price buy more than 200k Telos Coins, wait for the 1 cent price, sell 100k away, and you would have more than the cost of CryptoPAD in Euros in your hand, and in addition, have the 100K still left for the CryptoPAD, making you be in an even better position than by directly buying CryptoPAD you had been.
But mystery is still if the value of those Cryptomages card deck is worth how much now and in the future, and will they even be available through any other method than through this.
To see more about technical details about the device, check these pictures about it and also the selling pages, notice also the docking deck in the article’s main picture which is optional to buy.
As it is meant to be your Cryptodevice on the go, making all things Crypto possible with it, it even includes a Fingerprint scanner so you could carry it around as your wallet that includes both your coins and all the NFT stuff, like Cryptomages NFT cards, and even if you would lose it or someone steals it, they couldn’t access your valuables that simple yet.
Or, you could also use it as your Point-of-Sale device which would accept both Crypto and FIAT payments, so when compared that at least here you need to pay several tens of euros a month from a card reader machine, and this is just a one-time payment, it could well be worth as an alternative or additional device to your card readers for your business, especially to prepare for the Crypto payments future.
The price of Gaia CryptoPAD depends upon where you buy it from. Roughly price is somewhat shy of 1 000 Euros when taxes are included in the price. If ordering to outside of the EU, you could get it even as low as only 750 Euros the cheapest version when taxes are not included. The optional Docking station will cost roughly 100 Euros more with taxes included.
Currently there should be three places where you can order them from, although one of the places I couldn’t confirm to be actually selling them.
Halal Solutions sells Gaia CryptoPAD for 899 and 999 Euros (with dock), probably excluding Taxes and from Halal Solutions you can only buy with FIAT money.
To buy with Crypto Currencies, you can turn towards Blueboxing.net, which is selling Gaia CryptoPAD for 755,46 and 839,50 Euros (with dock), excluding taxes.
The third place to buy, probably for Germans only would be Peerschweinchen.de, but at least when I checked its shop, I couldn’t find Gaia CryptoPAD from there, so what is the price, or is it even available, I cant confirm, I can just say that Halal Solutions sale page mentions Peerschweinchen as one of the places to buy Gaia CryptoPAD with Cryptocurrencies.
It appears we have a new roadmap for this year ready based upon that Pascal tweeted it, well, actually not so new since this was tweeted already a month ago.
It appears to be very similar in style to the previous Roadmap for 2020 in that it tells only about some technical things and mainly leaves all the fun stuff out, like Cryptomages. But then again, Cryptomages didn’t come out in 2020, so maybe it was for accuracy.
When reading this roadmap, it is good to compare it to the previous one to have some idea how well these plans will come together. I would say, without actually thoroughly checking it, that about half of what was in roadmap 2020, did happen, and then another 1/4th happened in some different form than originally planned, and another 1/4th didn’t happen. So perhaps this is what we can expect from this one too.
But what is there now:
TELOS WALLET isn’t really telling us much anything. It mentions there are going to be two votings, one about Telos fundamentals (rewards, collateral, split) and another about a hard fork, which actually sounds pretty much the same as the first one, except that it adds voting about magnet links, which seems to be connected to the third thing mentioned, which is to add Transcendence Cloud to wallet I suppose, although the wording is just talking about adding magnet links to use in Transcendence Cloud (which it says will be voted on hard fork part?)
In short. Seems the plan from technical stuff is to add Transcendence Cloud (used to be Amicloud) to Wallet and add a Magnetic link feature to be able to use it with the blockchain. And non technically to have votes about telos fundamentals, which will probably happen through Dashboard actually, although they technically are Wallet features.
XBTX WALLET section mentions only DYNANET being added, more about that in the DYNANET DEX part.
XBTX ASSETS section mentions a couple of Assets that are planned to be created using the XBTX Asset creation system:
AML token is for the AML-Now KYC system BAM (Brick And Mortar) is meant for real estate stuff EUREX is to my understanding Euro Bound token, meaning the price of one Eurex should always be exactly one Euro CO2 token is meant for Greenbox (a different version of a Bluebox).
DYNANET DEX tells in more detail about the DYNANET that is mentioned in the XBTX Wallet part. It is planned that next month first trusted nodes will be put up for this Dynanet DEX, and I suppose these are the same trusted nodes that I have mentioned in “Telos R – What is it?”-article, which also tells you more about the part where it mentions Telos R as one of the roadmap features in DYNANET.
It also mentions that DYNANET will have Crosschain feature that will be used by bitdorado, probably meaning that Bitdorado could be used as an exchange basically.
Swap & Merge part I leave uncommented, since I am too unsure what exactly it is talking about.
TRANSCENDENCE DASHBOARD tells about stuff that has actually partially been even done already (I saw the first work-in-progress version of this Roadmap already at February I think). It mentions built-in KYC, which might be the AML there already, or maybe something else, Built-in Masternode hosting, meaning you can easily set up master nodes without tech-how just using the dashboard, and hash power renting using the dashboard, which is basically the same as we have in Bitdorado already but would be doable directly from the dashboard.
Cloud I suppose is the same as Transcendence Cloud in the TELOS WALLET section, and Multiservice is just vaguely without details mentioning that there is a plan to merge Indiego, Cloud, and dashboard all into the same. That basically I suppose Indiego store would work through the dashboard. Last, CO2 token is mentioned again, as it was mentioned in XBTX ASSETS already once.
GENERAL UPDATES mentions built-in arbitrage trading, does it mean that users can do it automatically or something else, is not told. Tax reporting is mentioned, and have also to at least some part even added to the dashboard already, I myself used it for end of year tax reporting already. And then there is mention of antifraud on the on-chain analysis level. I am not sure how exactly that works, but I guess this vague description gives already quite a good idea of the general idea.
This is the plan, and hopefully it works out fully and more stuff comes too. Based upon how the 2020 roadmap happened, I suppose we can expect quite many of these to become reality and some more stuff too that are not mentioned here at all.
This is actually a bit of a old news already, but I didn’t want to write about this until I had tested Dashboard myself since I was actually expecting Dashboard to be much more than it currently is yet and was expecting to be writing a long article telling you all about it.
Now don’t get this wrong, Dashboard is still a great piece of work and I personally at least like it quite much in that it shows to be quite promising with the little there is already.
Wallet version 3.04 was released in hopes of fixing some unintended forking happening, and at least so far it seems it has worked.
Along with the Wallet 3.04, there is also now a Beta version of the long waited Transcendence Dashboard and I am finally starting to see what Pascal has been meaning all this time about not needing exchanges anymore, etc. that Dashboard could be one in all solution.
Yes, we are still far from that point, but the underlying technology is already there, and using just a little bit of imagination you can see how that all will happen, and indeed, I can see how there wouldn’t be a need for exchanges anymore, but all trades would happen as basically, OTC trades, even at the same time they would be like exchange trades as long as there’s a system to keep track of them and their prices.
Anyway, right now there is only quite a little on the Dashboard yet. There are lots of menu options that are shaded out as not there yet, but they will give you a hint about the future.
At this point Dashboard is basically only working as a Telos and Bitcoin Subsidium wallet.
What is interesting with this is that instead of Dashboard being a wallet in itself, it is actually more of an interface to work with the wallets. So in practice you will still have the usual Telos and XBTX wallets running, but they are basically invisible since you just don’t need to worry about them since basically Dashboard is supposed to take care of them.
This however is not true yet, as it is still only on Beta stage and missing some crucial pieces still, like if your wallet doesn’t get automatically connected to nodes, you actually need to go and do stuff on the wallet, since Dashboard doesn’t have these features implemented yet, although they are planned to come.
However, after you get your wallet running smoothly, you can see how handy Dashboard actually is. For instead of flipping back and forth with different wallet softwares, you can just choose from Dashboard which coin, Telos or XBTX, to look at, and Dashboard will show all the info regarding that coins wallet of yours.
What I also liked was that while the old QT-wallet was a bit limited in how to show transactions, that you could see them only one way basically, Dashboard, on the other hand, gives you a chance to display them in different ways, like you could choose to look only received or sent transactions, or only from the certain time period. Just choose the filters to use, see the result and even save it in sort of CSV form. Sort of CSV since it actually isn’t CSV, since CSV would be Comma Separated Values, but this is actually using Tab to separate values. However, when you open this file in Excel, for example, you can choose to have separation done using Tab instead of Commas, and it works.
Also, when you close or open the Dashboard, you can choose to run or stop running all the associated wallets with Dashboard.
So instead of starting XBTX wallet and Telos wallet separately, I simply open Dashboard and Dashboard opens them both automatically. Or when I close dashboard, it asks if I also want to close my Telos and XBTX wallets, choose yes, and they are both closed instead of me needing to close them separately.
This alone can be pretty handy feature if you for example have 10 different wallets that you just want to sync and see the situation once a month. Instead of opening them all separately and having possibly 10 different interfaces to deal with, just open Dashboard and get them all automatically synced and save the transactions using just one interface instead of 10.
Now there is however a downside to this too, for opening all these wallets and running them at the same time will also take lots of memory. It seems to me that running Telos and XBTX wallet at the same time takes about 5 Gb of memory, so that needs to be taken into consideration. If you have less than that of memory, there is an option to run only one of the wallets at a time however.
Couple of Instructions regarding DASHBOARD that you might run into:
The first problem you might encounter is your AntiVirus not letting you run some parts of the Dashboard or wallets. In this case, you need to check your Antivirus settings and there should be some place where you can choose to give permission for some files manually. You might need to give permission to all files regarding Dashboard as well as regarding wallets, including wallet.dat files. My own AntiVirus (F-Secure) actually even tends to delete wallet.dat files if I don’t tell it to ignore them first, and that is a pretty scary thing to happen.
Next thing is that running the Dashboard requires about 5 Gb of free memory (just based upon my own test and only at the time I tested, it might take more in the future) Having less than this amount of memory can result in strange behavior, errors, and crashes.
If you can’t have enough Memory, you can try opening only one of the wallets
When you start Dashboard for the first time, it will make a certain folder called “Transgui”-folder to a certain location.
This location is usually located at: C:Users/Username/AppData/Roaming/transgui
Notice that “Username” refers to the user name you are having on your computer and to see AppData, you need to enable seeing hidden files.
In here you will find a file called “cfg_autostart.exe” open this to your notepad and you will see a line reading “XBTX=true” now change this line to “XBTX=false” save the file and start your dashboard as usual and it will now not try to start XBTX wallet and hence saves you a lot of memory.
Then the problem you might encounter is that your wallet doesn’t get any connections.
To fix this, You need to locate your Blockchain folder. When you first time started your Telos Wallet, or if you have never started it, then in case when you first time started the Dashboard, it is asking for a folder where to save the Telos Blockchain.
Locate this folder and inside this folder you will see a file called “transcendence.conf” open this file and in this you need to add addnode lines. as an example: addnode=12.34.56.789
Thing is, you cant use just any numbers, but these numbers need to be actual node addresses.
If ones on the Explorer don’t seem to work for you, then you can go to Transcendence/Telos community discord and search from there for the most recent list of Add nodes.
With these instructions and a fair warning that we are talking of a Beta version that might still contain some bad bugs in it, go and try Dashboard.
When you put Piggybank to a cloud and get a Remote Desktop Access to it, what do you get?
Well, I admit I at first missed it myself since I was just looking that you are getting a Piggybank on a cloud with a remote access, which is exactly what it is, but what I missed at the start was that there is actually a more familiar name to this kind of access called Virtual Computer or Cloud Computer or Remote Access Computer or…
And when I realized that, I understood what a great deal here is on offer for Telos users.
For only roughly 100 Euros with the current Telos price, you are getting a lifetime Cloud Computer access. This is dirt cheap. Or I would actually argue more expensive than any other deal, for, after all, next day you could have sold those 35k Telos for 35K Euros. So you decide if it’s dirt cheap or extortion. Is it 100 euro bargain or 35K Euros of lost profit.
A couple of years ago I was myself looking at getting a Remote Access Virtual Computer since I was having difficulty getting connected to some specific websites, and on holiday vacation we noticed the vacation place had an excellent connection to those websites, so I started looking at getting Virtual computer from that precise location, and I did find they were for rent, but the price was much more than the one-time payment of 100 euros, for it was much more than that each year.
If you are asking from me, this a real killer deal for anyone already owning one of the Telos products that lower the price to 35K Telos in case you are looking for a Remote Virtual Computer access. I would have jumped to a deal like this couple of years ago had one like this been available.
In addition to this Virtual Computer, you could use this simpler way too. For one thing you could do is to simply use this as a wallet for different coins.
The good thing about this is that what I have learned when using my own Windows machine as a wallet, sometimes something might cause some unexpected behavior, for example, my Antivirus decided to automatically erase my wallet.dat file, since it decided it was a suspicious file (I guess it figured Telos price was suspiciously lower than it should be). Well, good thing I had a backup, except it deleted that one too. But luckily I had also one file named differently than wallet.dat, and that one my antivirus didn’t recognize.
Anyway, that is just an example of what could happen, and one way to likely prevent something like that is to use Virtual Piggybank as your wallet machine.
And as long as you don’t use it for anything else but as a wallet, you are likely going to be able to avoid all the hackers getting into your computer to steal your wallet.dat files, etc.
So it can be pretty good solution from security point of view as well.
Not to mention that part of the service is that every 30 days there will be a backup done of your virtual piggybank, so even if something nasty would happen, you wouldn’t lose more than 30 days of stuff done (although I still recommend you make backups for yourself manually too, especially since the newest auto backup will replace the previous one always)
The next possibility, which is also interesting from a cost point of view, is that you can actually use this to mine some coins the same way you can use the previous Piggybanks that were sent to you.
This means that basically you could buy this already just in case you happen to ever need a virtual computer, and while waiting for that, simply use it for mining, and at point you finally need a virtual computer, you might have actually made more money back than you ever used to buy it.
All in all, a very interesting product for many different needs, even at start it doesn’t seem like much. Just another piggybank until you realize it isn’t.
Now do notice couple of things however.
First of all. Sad thing is, if you do use this as your wallets, it, unfortunately, works the same as with your home computers in that you do need to update the wallets yourself. ARES will simply provide you with Piggybank and access to it, but other than that, for security reasons, they won’t be able to touch your virtual machine, so you have to touch it yourself, including updating your wallets.
But at least Virtual Piggybank does come preinstalled with XBTX and TELOS wallets, so the first time installation is saved from you.
Also, the Operating system is Ubuntu 20, which might be good or bad, depending on your taste. I would myself have preferred AEROS.
But other than that. What a great deal!
The pricing starts from 35K or 150K Telos. Idea is, if you don’t own any Telos product suitable for discount (Piggybank, Bluebox) then the price is 150K Telos.
If you do however own Bluebox or Piggybank, then the price is only 35K Telos (dirt cheap, except of course you are losing huge profits that you would have got by selling those Telos a week later).
There are currently three different options. Piggybank S, M, and L, S giving the least and L naturally the most.
S is 35K/150K and includes 2.6 GB Ram and 60 GB Hard Disk space and 1 Virtual Core,
While L version is 80k/250K and offers 8GB Ram and 250 Gb Hard Disk Space and 2 Virtual Cores.
35K is actually not even the cheapest price, but there are some other discounts available too, like if you are a Bitdorado Premium Member. But you can find more details about those from Peertoro.eu Virtual PiggyBanks order page, where you should anyway have hurried up already at halfway this article.
Polispay Wallet added Bitcoin Subsidium (XBTX) as one of the supported coins already about a month ago (telosnews have lately been a bit slow at reporting news to you).
When Considering that there is currently no officially supported mobile wallet for Telos or XBTX, Polispay is a pretty good option to go to if a mobile wallet is what you are after at.
Not to mention that there is no officially supported noob-friendly option for XBTX wallet existing at all, and as exchanges are not always happy for people to use their exchange accounts as active wallets when that wallet receives continuous small income for example from mining, Polispay might well be a pretty good choice right now to be used as your Telos and XBTX wallets, both-in-one solution.
However, do keep in mind that Polispay is a third party, so they can decide whatever they decide without Telos or XBTX having any say on the matter.
Well, that Lucky Seven just keeps changing his release dates more than some people change their socks, but no worries, TELOSNEWS stays up to it for you, although 2 months after.
Yep, catching up here on old news a bit, but no worries, while TELOSNEWS isn’t covering something, you can always trust Lucky Seven to do it, as he has.
This article is about the New Telos wallet, which is still in Beta or something by the way, so it would be very much appreciated if you would use Lucky Sevens guide in this article and install it for you and then report any problems to Github about it so bugs can be fixed before the final version of it, supposedly before July fork, will be released.
Read about the wallet from one of the links below:
As have been with previous versions, this version too is free for those who already own previous version – v2. To get one of the free “upgrades”, contact the place where you bought your v2 from.
New v3 is much more expensive than the previous ones, previous ones stayed clearly under 100 Euros as far as I recall, while this new one’s price has jumped all the way to 349,95 Euros!
Is this the final price, or is this just a lifted up price for a while so old owners would get their upgrades done first remains to be seen, but in announcement Pascal already announced that price of V3 is much higher than V2, so even if there would come a price drop, expect it to still be costly.
However, while the price has gone up, so have the power and according to the announcement V3 is 20 times more powerful than V2, so that might explain a bit about the price rise.
20 Times more speed also makes me wonder if there are some hidden surprises again waiting for the owners since that wouldn’t be the first time Pascal sells us something and then a month later he tells us “oh yeah, if you open the box you can see a gold bar inside there”.
In addition to 20 times more powerful, it was also told that we can expect software updates for the piggybank v3 like additional wallets for coins that are supported by soon upcoming Bitdorado Exchange.
So perhaps the price isn’t based upon hardware price anymore but based upon the real value of the stuff inside, that would be my guess. For even the 349,95 price tag makes very much sense when part of the deal, at least for now, is that you can get one of your XBTX wallet address whitelisted for Bluepool, which makes this the cheapest option currently to get access to a bluepool, and as Pascal put it, gets your piggy bank filled itself.
Since Bitcoin Subsidium (XBTX) mining is now open for anyone to do, Windows wallet has now been released as Pascal had already told us he would do when XBTX becomes public.
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 backgroundand 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.
With Scam coins, you don’t need to worry about hackers, since the coin itself is sort of “hacked” so why would any hacker bother hacking it anymore when there is no money there except for the original “hacker”.
Telos has now reached a milestone by having gained an interest of hackers since even they think it is worth their time to make a hack to Telos to gain some.
This is also a good tip for any investor, thieves don’t rob empty warehouses, but they rob the ones full of gold.
To be fair, this isn’t the first time hackers have found it worthy of their time to find vulnerabilities in Telos, but we already have had our share of fake wallets and phantom nodes, but there is one difference this time. This time we reached another milestone where not only a hacker hacked but also someone even saw it worthy of dedicating a website for it.
There it is in all its glory – the first webpage dedicated to a Telos bug!
You might have noticed this news item is categorized in the rumors category, this is due to us not having confirmed this bug – for a reason.
So claim is that there is this alternative wallet that you can find from the before mentioned website.
When you use this wallet for staking, you would get more than your fair share of coins. The website claims of having used 30 000 coins for staking and having received 500 more coins in just one day, which sounds pretty good amount, basically an ROI of only 2 months, until everyone else starts using the same of course.
However, this test was made already a month ago, at a time it is actually known that some of the big wallets were not staking, hence it is bit questionable how effective that hack actually is, since there’s a chance that on a single day during that month, staking could have been that profitable anyway, just not for long term.
When the guy, who I suppose to be behind this website, reported about this problem to Pascal, Pascal basically said it was known by him already before and issue is such a minor issue compared to trouble fixing it, that feel free to expose this bug until it is being fixed at next natural fixing moment.
Anyway, if you like, and dare, feel free to download the alternative wallet and stake for example 30 000 coins to perhaps gain 500 coins a day, or perhaps lose 30 000 coins in less than a day, after all, reason, why we don’t, recommend you anything but official wallets is since there have been wallets before which purpose is simply to have access to your coins to move them out of your reach to the alternative wallet creators own wallets.
Maybe you gain some unfair staking rewards, or maybe you just lose a whole bunch of coins for the alternative wallet creator’s wallet. Your choice, Your risk. Personally I will keep away from that wallet, and so should You.
Now there is no more excuse for you to not having Telos Wallet in your Android devices since Android Wallet has now become free for everyone to download.
However, Bounty intended to make Android Wallet free never got filled and the collected bounty amount is now moved to serve another purpose, to make the iOS Wallet free.
So hurry up people and donate your share of Telos to the bounty before the price of Telos goes up even more making donations that much more expensive to make. Had you done it back in time already, you would have got it done for half the price than it is now.
iOS version of Telos Wallet has been updated and updated version should have appeared all over the world already to AppStore, or if not in your AppStore yet, then it soon should be.
This new version will add DNS-seeder helping your wallet find a suitable node quicker and hence to sync and work faster.
As always, remember to write down your backup phrase before you update it in case something goes wrong. If you don’t, you will risk losing access to your coins for good.
From this meeting, Pascal have already talked about some things, and here’s the summary:
Pascal have now made some new friends all the way between US and Dubai.
Then there is some IEO token based on ETH-XBTX about to become that will be released on Bitdorado. Since things are still kept a secret regarding this token, TELOSNEWS.COM doesn’t have anything else to tell you about that topic.
If I understood right, Pascal is actively looking at the possibility to whitelabel nodes in the network so that without permission you couldn’t be running nodes. Will this be the future of Telos/XBTX, I suppose the future will show and will also be up to voting. Regardless, It seems Pascal is already starting with Birake DEX White labeling although fork of Bitshare is already in the works, and with some extra unspecified surprise to it.
Pascal also mentioned some coins that he is planning to integrate into Telos, as long as these coins are willing to. Idea is that these coins have only one use case which is same that Telos already have as a use case too. Therefore it would make sense for them to instead of running their own use-case to join forces with Telos and have a chance to expand to much further than their single-use case allows them. He mentioned three coins specifically: Aliencoin, abay, atube.
Pascal also mentioned having talked with several agents, most of whom worked with multiple exchanges, and he’s eye got especially caught on www.biki.com, which seems to have a good amount of trading going on there. Will this soon be a new exchange for Telos, I guess we will soon find that out, or if not, then after a long time of wait we realize it.
Pascal had also met with Wirex, and while listing seemed possible, it did seem too expensive to do at this moment but worry not, Pascal already had a plan on how to target towards listing in unspecified future time.
It also seems he is convinced that in the next convention he will be ripping BSV into pieces by showing Telos use cases and the next thing to check next is Dubai as he has some friends there.
Ios Wallet is about to be free and is right now waiting for Apples approval due to their new updates again.
And as the last thing. The final Model of Bluephone should already be waiting to be cleared from customs. Might not be that long anymore that we have a chance to get one.
Android Wallet has been updated to version 2.1.8. This wallet should already be available all around the world through Google Play, and if you already have Android wallet on your phone, your phone should actually even notify you about this update.
As always, before you update, do remember to make a backup of your wallet to avoid accidentally losing access to your coins.
