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GoodBlock Partners With KOY Network: Bringing Scalable Financial Infrastructure to Africa
GoodBlock Partners With KOY Network: Bringing Scalable Financial Infrastructure to Africa
GoodBlock® is excited to announce their partnership in the upcoming launch of the KOY Network. KOY Network is Africa’s super computer, a distributed financial infrastructure, powering trade through payments, logic and other digital services. GoodBlock’s CEO, Douglas Horn, will be working in the role of CTO for the network, with GoodBlock offering technical support as the network evolves.
It’s an extremely exciting time for the KOY Network, with the Antelope Access program open for the foreseeable future. To celebrate this epic milestone for the ecosystem, GoodBlock is running a contest on our Twitter! Stick around to the end of this article to find out how you can win part of a 2000 KOYN prize pool!
Please note that nothing in this article should be construed as financial advice.
How KOY Network is Revolutionizing Digital Infrastructure in Africa
The KOY Network is positioning itself to solve some of the biggest financial problems in countries across the continent of Africa. Historically, the continent of Africa has been left behind by traditional banking systems despite the large amount of wealth created in the nation’s natural resources. Instead of the efficient banking system that Western countries are familiar with, the financial system in Africa is made up of a series of fragment monopolies across local jurisdictions, which benefit the companies providing the financial services, rather than the people using those systems. The user experience of these systems are also lacking, relying on old cellular networks, dated technology and long settlement times.KOY Network aims to overcome these challenges, bringing cutting edge financial infrastructure to users across the continent. By operating as a private blockchain protocol, based on the powerful Antelope tech stack, KOY Network will allow local financial service providers to build financial applications on top of it, which abide with varying local jurisdictions. The network will then tie together numerous local economies across the nation in ways that have never before been possible. With the continent of Africa being home to the youngest population worldwide, KOY Network aims to capitalize on the opportunity to introduce leading financial services to young people across the nation.
“Africa is absolutely ready for the leap forward into Web3 commerce,” said Betty Waitherero, founder of GreenTrace.io. “Being the first chain built specifically for the African continent, I am hoping to see businesses that are built by African developers that specifically meet African needs and can work in our emerging economies. I see Koy Network providing the tooling and infrastructure to bring communication, financial technology and online economies to life for African people.”
How GoodBlock Designed the World’s Fastest Blockchain on KOY Network
GoodBlock is excited to be a part of the KOY Network launch team with GoodBlock’s CEO, Douglas Horn working in the position of the network’s CTO. With a strong background in both technical infrastructure and Web3 development, as well as a notable involvement in the launch of several groundbreaking blockchain projects, GoodBlock is well positioned to ensure that KOY Network emerges as a leading example of what is possible when cutting edge technology is combined with impactful real world use cases.“Over the past 5 years, I was working on Telos, and we made a lot of functional economic innovations there. But those were solving the problems of 5 years ago,” noted GoodBlock CEO, Douglas Horn. “The problems of today are much different, and being able to use what I’ve learned over the past 5 years is an exciting opportunity. KOY Network is a really cool economic tool that allows us to solve a lot of new problems that would not be possible in any other system.”
A key part of GoodBlock’s role has been designing the technical infrastructure the KOY Network will run on. Of all Block Producers across the entire Antelope ecosystem, GoodBlock has the fastest validator available. This was achieved through a combination of leading hardware components and innovative software refinements.
On KOY Network, the GoodBlock team is able to take things to the next level, thanks to its private design. With public Antelope blockchains, throughput needs to be optimized to accommodate the speeds of the slowest node on the network. This puts a significant ceiling on the network’s ability to scale effectively. Because KOY Network is a private network, all nodes can be optimized to the maximum specifications for effective throughput.
The GoodBlock team plans to implement similar design choices to their public Antelope node across all private nodes on KOY. With this in mind, the team estimates that the KOY Network will be up to 4x faster than any other Antelope network. The team will also have the ability to prove this through dedicated mainnet tests as opposed to the testnet tests that other networks utilize. Additionally, this will be showcased with sustained speeds. The goal of all of this is to achieve the accolade of world’s fastest blockchain.
The Unique Economic Advantages of KOYN Utility
GoodBlock has also been heavily supporting the network through tokenomic design for its native token, KOYN. Under Horn’s leadership, the team has developed a series of notable economic improvements that will set the network apart from other economic systems, both in Web3 and traditional finance.Perhaps the most notable design choice when compared to other Antelope chains is that KOYN is not an inflationary token. There is 1 Billion KOYN in existence and there will always be only 1 Billion KOYN. A key reason this is possible is because, unlike most other networks, KOYN is not utilized as payment for network validators. Instead, service providers will pay KOYN Network outside the system for the network resources. This allows the value of KOYN to be dictated strictly by its unique utility and not as a means to pay infrastructure providers.
The utility of KOYN is quite unique in that it acts as an atomic intermediate trading token for value exchange between local currencies in Africa. Again, thanks to the network’s private design, the economic system is able to achieve new functions that are not possible on public blockchains, with transaction rewards being returned to token holders through staking rewards. Also unique to KOYN is a fund where, every day, KOY Network sets a daily price for KOYN, based on government exchange rates in local jurisdictions across Africa. This fund will then be available to buy back KOYN at 5% below the daily exchange rate. This is part of an automatic fund that will grow overtime in order to maintain reserves for this function. This greatly reduces the volatility of KOYN, making it even more effective from a utility standpoint. Between the lack of an inflationary mechanism, the ability to sell KOYN back to the network at any time, and an attractive staking rewards program, GoodBlock designed KOYN to stand out when compared to other network tokens.
KOYN Token Fair Sale
We’ve had many people in our community and the Antelope ecosystem asking how they can acquire the KOYN token that powers the network. The KOY team is currently running a token presale to allow those interested to access the token at a competitive rate.In order to honor the founders roots in the Antelope ecosystem, the team is running #AntelopeAccess, a program where people can join the KOY Telegram channel and swap their Antelope based tokens for KOYN. Once that program ends, a token sale – called Fair Sale – will be opened up from the KOY Network website, which will take USDT from the Ethereum blockchain.
Join the #KOYNLaunchParty for a Chance to Win 200 KOYN!
To celebrate the launch of KOYN and GoodBlock’s involvement in the upcoming launch of the network, we are running a contest for our community! We will be giving away 10 prizes of 200 KOYN.Here’s what you need to do to enter for a chance to win:
- Go to koy.network and learn all about what makes KOY so unique.
- Head to our X Profile and find our pinned Tweet: https://twitter.com/GoodBlockio/status/1706794428139032703
- Like the Tweet.
- Comment on the Tweet and Tag 3 Friends.
- Quote Tweet the Tweet, and write what you love about KOY Network with the hashtag #KOYNLaunchParty.
Each action will grant you one additional entry in the contest, which will run from September 26 to October 3 at 4:00pm UTC, and winners will be announced on October 6.
The #KOYNLaunchParty is Just Getting Started!
We hope our community is just as excited as we are for this new milestone in Antelope innovation. GoodBlock is grateful to be a part of such an epic project alongside a talented community of builders. Stay tuned for more articles soon where we’ll be diving into both the economic design and technical advantages of the KOY Network, as well as the massive impact it will have on the continent of Africa.Don’t forget to take part in the #KOYLaunchParty contest for a chance to win 200 KOYN. If you don’t win, those interested will still be able to acquire KOYN through the KOYN presale which is coming soon.
Be sure to follow GoodBlock on Twitter to stay in the loop on all the latest news from KOY Network, dStor, decide and more.
GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance (decidevoter.app) and Decentralized Cloud Storage (dstor.cloud). Vote for goodblocktls, and learn more at goodblock.io.
KOY Network is a distributed ledger system designed to support smartphone apps serving Africa and its diaspora situated across the globe. Learn more at koy.network.
GoodBlock Website: https://goodblock.io/
KOY Network Website: https://koy.network/GoodBlock Social Media:
GoodBlock Twitter: @goodblockio
dStor Twitter: @dStor_cloud
decide® Voter App Twitter: @decide_VoterMedium: https://medium.com/goodblock-io
LinkedIn: https://linkedin.com/company/goodblock
Telegram: t.me/goodblocktlsKOY Network Twitter: @KoyNetwork
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as financial or legal advice. Investing in cryptocurrencies and blockchain projects involves risks, and readers are encouraged to conduct their research and seek professional advice before making any financial decisions. GoodBlock and KOY Network do not endorse or provide investment recommendations for any specific cryptocurrency or token. -
Revolutionizing Cloud Storage: Introducing dStor® Open Beta
Revolutionizing Cloud Storage: Introducing dStor® Open Beta
GoodBlock® Technologies Inc., a developer of innovative Web3 projects, announces upcoming dStor® open beta launch, revolutionizing cloud storage solutions.
GoodBlock is thrilled to unveil the upcoming dStor open beta launch, set to redefine the landscape of cloud storage solutions. After a successful closed beta phase catering to select projects, dStor is preparing to empower a wider range of customers. The open beta phase will allow anyone direct access to dStor’s innovative decentralized storage platform to any user, without the need for approval.
The closed beta phase allowed pioneering projects to harness the potential of dStor’s groundbreaking decentralized storage solution. With the introduction of the dStor open beta, customers will have the exciting opportunity to independently sign up and utilize the platform, unleashing the true power of this cutting-edge technology.
Traditional cloud storage solutions have long been plagued by issues such as high costs, data loss risks, provider outages, and potential censorship. dStor addresses these concerns head-on by combining the scalability of centralized storage with the resilience of decentralized alternatives. The result is a unique and transformative platform that promises enhanced security, speed, and convenience.
“For a long time, cloud storage had limited options. Users could purchase storage from big providers that are part of a broken system or utilize a decentralized storage solution that is difficult to adopt,” noted GoodBlock CEO, Douglas Horn. “dStor represents the first time that user-friendly, business facing decentralized storage has been made accessible in a way that fits the needs of Web3 and the decentralized internet.”
Key Features of dStor Open Beta:
- Enhanced Geographic Diversity: dStor stores data instances across diverse locations, ensuring data integrity and minimizing the risk of file loss.
- Seamless and Affordable Pricing: Simple and transparent pricing options cater to both small and large applications, making dStor a versatile choice.
- Node Operator Opportunities: Individuals interested in becoming dStor node operators can earn revenue by providing infrastructure and benefit from a share in 50% of the platform’s total revenue. Click here to learn more.
- Performance Incentives: Storage node operators are rewarded for optimal performance, fostering a constantly improving system that scales with demand.
- Versatile Payment Options: dStor offers customers the convenience of paying in both traditional currencies and cryptocurrencies, eliminating the need for specialized tokens.
dStor is primed to transform various industries, with priority business verticals including Media and Entertainment, Real Estate and Insurance, Government and Public Sector, IT and Tech, and Healthcare and Life Sciences. As the cloud storage market evolves, dStor is positioned to cater to the growing demand within the small and medium-sized enterprise segment.
The upcoming dStor Open Beta launch marks the dawn of a new era in cloud storage solutions. Following the Open Beta phase, the general release of the dStor platform is anticipated to follow.
For media inquiries, please contact:
Sean Anderson
sean@goodblock.ioAbout GoodBlock Technologies Inc.:
GoodBlock is an innovation lab with an overarching passion for sustainability, along with deep ties in the Web3 ecosystem. dStor is a groundbreaking product poised to revolutionize the storage industry, offering businesses a decentralized solution that provides the scalability, speed, uptime, and security of our competitors.GoodBlock Website: https://goodblock.io/
dStor Website: https://dstor.cloud/Social Media:
Twitter: @goodblockio
Medium: https://medium.com/goodblock-io
LinkedIn: https://linkedin.com/company/goodblock
Telegram: t.me/goodblocktls -
Truuli and GoodBlock Announce Partnership
Truuli™ and GoodBlock® Partnership Brings Carbon Neutrality in Cloud Computing and Storage
GoodBlock® Technologies Inc, a trailblazer in cloud computing and blockchain solutions, has executed a deal to collaborate with Truuli Environmental Inc, a distinguished leader in integrated enterprise decarbonization, which marks a significant step towards establishing a pioneering carbon-neutral cloud computing solution that combines cutting-edge technology and sustainable practices certified by leading carbon offset registries.
By partnering with Truuli, GoodBlock can help companies comply with expanding government decarbonization requirements and realize income from the incentives of recent US laws including the Inflation Reduction Act of 2022, the Bipartisan Infrastructure Law of 2021 and Executive Order 14057, which establish new incentives and mandates intended to significantly reduce greenhouse gas emissions, primarily carbon dioxide, which are the leading cause of global warming. In addition to the US Federal Government, 22 states, plus the District of Columbia and Puerto Rico, have goals to reach 100% clean energy between the years of 2032 and 2050.
“Governments are implementing climate change incentives, at last, but without certified service providers across many industries, organizations will struggle to meet those commitments,” said GoodBlock CEO, Douglas Horn. “By leveraging Truuli’s expertise, we will provide the cloud computing services organizations require with the certified decarbonization they need to embrace these regulations and thrive. As one of the pioneering cloud computing providers certified under the UN decarbonization registry process, we are poised to be at the forefront of this industry transformation.”
According to Fortune Business Insight, the global cloud computing market is projected to grow beyond $677 Billion by the end 2023. Experts are predicting that the growth rate will continue to rise, exceeding $2 Trillion by 2030. GoodBlock recognizes a significant opportunity to help organizations reach compliance with these new government-mandated decarbonization goals. GoodBlock is on track to be the first company in the United States to offer a UN Carbon Registry-certified decarbonized cloud computing solution.
Truuli works with businesses to calculate their carbon footprints and financial impacts and develop custom emissions reduction plans to lower its impact and earn carbon credits. Truuli helps monetize those credits in the marketplace to maintain the business’ decarbonization plan. Truuli clients can realize cost savings, reduced environmental impact, regulation incentives income and increased consumer demand.
GoodBlock’s mission is to build new technological systems that empower new solutions to previously intractable problems, including climate change. This partnership is an embodiment of that vision. GoodBlock’s certified decarbonized cloud computing offering will provide businesses with seamless access to cloud storage and computing resources previously only available through uncertified providers. The new offering builds on GoodBlock’s extensive experience in computer networks, including the development of the dStor® decentralized cloud storage, currently in beta release.
Truuli drives carbon neutrality across diverse sectors, to include energy, manufacturing, agriculture and food, construction, and beyond. With this partnership, Truuli will be able to present a new class of certified decarbonized cloud computing services to its customers to help them reach their own decarbonization goals. Computing is a critical function of most industries and can represent significant energy utilization that was previously difficult to address in a certified manner.
“Decarbonization and carbon neutrality are more than just industry buzzwords. They represent a company’s commitment to addressing global challenges and building a sustainable future. At Truuli, we are excited to partner with GoodBlock in their journey towards carbon neutrality, leading to innovative, advanced, eco-friendly product options for their customers,” says Livio Stan, CEO of Truuli.
This collaborative effort between GoodBlock and Truuli reflects a shared commitment to harnessing the potential of technology for the betterment of the planet. By uniting forces, both companies are poised to set a precedent for sustainable practices within the tech industry.
For media inquiries, please contact:
Sean Anderson
Head of Growth at GoodBlock
sean@goodblock.io
About GoodBlock Technologies Inc.:
GoodBlock Technologies Inc. is a pioneering company at the intersection of blockchain and cloud computing. The company is dedicated to providing innovative solutions that empower individuals and businesses to leverage advanced technology for positive global impact. With a mission to promote sustainability and foster decentralized empowerment, GoodBlock is at the forefront of shaping the digital landscape for the betterment of society.
GoodBlock Resources and Social Media:
Website: https://goodblock.io/
Twitter: @goodblockio
Medium: https://medium.com/goodblock-io
Telegram: t.me/goodblocktlsAbout Truuli Environmental Inc.:
Truuli Environmental Inc. is a visionary leader in integrated enterprise decarbonization. The company specializes in quantifying carbon footprints, devising custom emissions reduction strategies, and guiding businesses towards carbon neutrality. Truuli’s expertise lies in its ability to convert sustainable practices into tangible results, enabling companies to navigate the path towards a more eco-conscious future.
Truuli Website: https://www.truuli.com/
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AWS Outage Causes Huge Revenue Loss
Truuli and GoodBlock Announce Partnership, Paving the Way for Carbon Neutrality in Cloud Computing and Storage
GoodBlock Technologies Inc., a trailblazer in cloud computing and blockchain solutions, is thrilled to unveil an innovative collaboration with Truuli Environmental Inc., a distinguished leader in integrated enterprise decarbonization. The strategic alliance marks a significant step towards establishing a pioneering carbon neutral solution that combines cutting-edge technology and sustainable practices.
This partnership also addresses the new legal frameworks and government incentives to address climate change, such as Executive Order 14057, Catalyzing America’s Clean Energy Economy Through Federal Sustainability. In addition to the federal government, 22 states, as well as the District of Columbia and Puerto Rico, have goals to reach 100% clean energy between the years of 2032 and 2050.
Mr. Douglas Horn, CEO of GoodBlock, commented on the significance of this partnership, stating, “In the face of climate change’s escalating impact, the role of businesses in adopting eco-conscious practices cannot be underestimated. GoodBlock aims to play a pivotal role by assisting enterprises in fulfilling their sustainability commitments. As one of the pioneering cloud computing providers certified under the UN decarbonization registry process, we are poised to be at the forefront of this transformative journey.”
According to Fortune Business Insight, the global cloud computing market is projected to grow beyond $677 billion by the end 2023. Experts are predicting that the growth rate will continue to rise, exceeding $2 Trillion by 2030. For GoodBlock that creates a significant opportunity in light of the push for decarbonization by government entities. Right now GoodBlock is the only company that will be offering a certified decarbonized cloud solution.
Truuli works with businesses to calculate their carbon footprints and subsequent financial impacts. They then develop a custom emissions reduction plan to lower a company’s footprint and earn carbon credits. Truuli then can help their clients monetize those credits in the marketplace in an effort to maintain the business’ decarbonization plan. For those businesses they are positively impacted in a number of ways, cost savings, environmental impact, regulation incentives from local and federal entities and increased consumer demand.
GoodBlock’s steadfast mission is to empower individuals and enterprises with advanced tools to combat global challenges, including climate change. This partnership is an embodiment of that vision. GoodBlock’s certified decarbonized cloud computing offering will provide businesses with seamless access to cloud storage and computing resources. The new offering builds upon GoodBlock’s extensive experience, including the development of the dStor decentralized cloud storage, currently in beta release.
Truuli drives carbon neutrality across diverse sectors, to include energy, manufacturing, agriculture and food, construction, and beyond. This partnership is expected to be a mutually enriching venture, opening exciting avenues for everyone involved.
“Decarbonization and carbon neutrality are more than just industry buzzwords. They represent a company’s commitment to addressing global challenges and building a sustainable future. At Truuli, we are excited to partner with GoodBlock in their journey towards carbon neutrality, leading to innovative, advanced, eco-friendly product options for their customers,” says Mr. Livio Stan, CEO of Truuli.
This collaborative effort between GoodBlock and Truuli reflects a shared commitment to harnessing the potential of technology for the betterment of the planet. By uniting forces, both companies are poised to set a precedent for sustainable practices within the tech industry.
For media inquiries, please contact:
Sean Anderson
Head of Growth at GoodBlock
sean@goodblock.io
GoodBlock Technologies Inc. is a pioneering company at the intersection of blockchain and cloud computing. The company is dedicated to providing innovative solutions that empower individuals and businesses to leverage advanced technology for positive global impact. With a mission to promote sustainability and foster decentralized empowerment, GoodBlock is at the forefront of shaping the digital landscape for the betterment of society.
Truuli Environmental Inc. is a visionary leader in integrated enterprise decarbonization. The company specializes in quantifying carbon footprints, devising custom emissions reduction strategies, and guiding businesses towards carbon neutrality. Truuli’s expertise lies in its ability to convert sustainable practices into tangible results, enabling companies to navigate the path towards a more eco-conscious future.
Truuli Website: https://www.truuli.com/
GoodBlock Resources and Social Media:
Website: https://goodblock.io/
Twitter: @goodblockio
Medium: https://medium.com/goodblock-io
Telegram: t.me/goodblocktls -
GB’s Magical Guide to Being Awesome at Being a BP! Testnet
Hello, GoodBlock Systems Administrator Nathaniel here. This article is part of a series that serves as a distillation of all the knowledge I have gained as a Block Producer on the Telos Blockchain Network.
In this part, we’re going to set up a testnet node! These are my recommendations for setting up a node in a professional manner for a general block producing usage case. You also learn more about being a block producer from later articles or somewhere else and you may find more specifics than what I detail here which fits your needs. Feel free to deviate to your own needs.
Before installing any software, we need to make sure you’ve got the hardware:
First, you’ll need a server focused on single-thread CPU usage. Nodeos is the program central to running on Antelope blockchains. The nodeos program is single-threaded and does not use GPU to calculate the block hashes which is standard in Proof-of-Stake blockchains.
The server will need to run debian-based Linux, so Ubuntu LTS, CentOS, Amazon Linux, or MacOS. In my experience, running in a VMware environment slows block production by as much as 25%; and running dockerized is another 10% performance hit. Therefore, nodeos is best installed without a hypervisor. I personally am running Ubuntu 20.04 LTS as my operating system. All are fine to use while not producing.Next, Logical drives should have around 1TB SSD array or drive for the OS.And then use a second array for block storage to separate disk usage. Splitting the arrays will increase disk access speeds. SATA drives are fine types of drives, SSDs are better, NVMe is cutting edge. Speeds on NVMe drives can reach an interface rate of 32 Gb/s with a throughput of 3.9 GB/s. That’s blazing fast. Whichever drive type you choose, you’ll want 12 TB storage space for the entire chain. But you can have less, down to 4TB, if you don’t intend on keeping the entire chain on your drive array; which is useful for history nodes.
RAM is very important to nodeos. You will need at least 12GB to get started. But go big here. In a future article, we will talk about selling RAM for TLOS. As much as you can get. ECC RAM slows down production by 2%, but also prevents random crashes that non-ECC RAM may cause to nodeos when the RAM access-errors. It’s up to you which you want to use. You can always disable ECC RAM in the BIOS but you can’t enable ECC on non-ECC RAM. Just something to consider when choosing your RAM.
Graphics cards are not needed by Telos (and Antelope blockchains) and you can just use an onboard card.
Once your OS is installed, you’ll want to create a user like ‘telos’ and mount the second disk as /telos owned by the telos user.
Next, get Leap. For Telos, the Antelope’s Leap repository has the tools you need to run a node. You can find the github for Leap here. Once installed, make sure the commands nodeos and cleos and keosd are accessible by typing their names into the prompt.
$ wget https://github.com/AntelopeIO/leap/releases/download/v3.1.2/leap-3.1.2-ubuntu20.04-x86_64.deb$ sudo dpkg -i leap-3.1.2-ubuntu20.04-x86_64.deb
The install created several folders in your user’s home directory. Move the contents of the testnet folder into the /telos folder. Make sure to edit start.sh which is in your home directory and change the paths to: –data-dir /telos/data –config-dir /telos/config
If there isn’t a start.sh, make a new start.sh and paste in:
nodeos –data-dir /telos/data –config-dir /telos/config >> nodeos.log 2>&1 &
Then, ‘chmod start.sh 755’ to give it execute privileges.
Next, move it to the /telos directory.
After that, we’ll want to visit the config.ini file to add peers. Testnet peers can be found in a variety of places on the Telosnetwork repo, at EosNation’s validator, or generate a live list here at Telos UK. Peering is good for the chain and ultimately block production times. One small task regarding peers, it is good to check in on the nodeos.log occasionally and see if there are connection issues which might mean missing peers. Remove them from your config when you notice them failing.This will help nodeos not wait on peers that won’t ever connect. Peers will be added as a p2p-peer-address at the end of the config.ini.
Once you have peers, you can launch start.sh and the start script will start outputting logs to the screen. If you ctrl+c here it will not kill the nodeos process, only the logging to the screen. You can also tail -f nodeos.log that was created in your home directory when you launched start.sh.
Without a snapshot or genesis block, nodeos won’t be able to run.
TelosCentral has a great repository for snapshots which walks you through how to modify your start.sh for the snapshot. Put the snapshot in /telos/snapshots. Extract it with tar -zvf, and copy the .bin file that you created. Modify start.sh to have two new options: –delete-all-blocks –snapshot ~/path/to/snapshot/snapshot_file.bin
Make sure to remove these after running, as it –delete-all-blocks will delete everything you’ve downloaded from the chain every time it is run as an option.
Nodeos should begin to request the first blocks from any peers and your node should be running for the first time! If you type http://[yourserverIP]:80/v1/chain/get_info into a browser, you should be able to see the status of your node and the blockchain.
In the next BP Magical Guide, we’ll talk about snapshots and the features of nodeos and config.ini; but for now, you have a test node that isn’t producing blocks just yet, but is collecting old blocks!
I heavily relied on these resources to get my BP installed and to write this article. Without them, it would have been much more difficult to make my first node. Have a look at them yourself.
Telos Node Template
Telos Docs – Setting up a Telos Validator NodeGoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance (decidevoter.app) and Decentralized Cloud Storage (dstor.cloud). Vote for goodblocktls, and learn more at goodblock.io.
Telos is a cost-effective, energy efficient, fast, and scalable DPoS blockchain that has been operational for over 2 years. The Telos blockchain has leading on-chain governance (Telos Decide), and is built and developed by a core development team using the EOSIO codebase.
GoodBlock Resources and Social Media:
Website: https://goodblock.io/
Twitter: @goodblockio
Medium: https://medium.com/goodblock-io
Telegram: t.me/goodblocktls -
Green Earth Agro with Rush Bardolia
Green Earth Agro with Rush Bardolia
A chance meeting in Davos brought GreenEarth Agro’s founder Rushank Bardolia to Telos – now he’s hoping to provide jobs and sustainable crops in Ghana. From getting past the first-mile problem to how palm oil farming can be sustainable, dive into the latest episode of Around the Block with GoodBlock to learn more!
LINKS:
Follow GreenEarth Agro on Twitter: https://twitter.com/GreenEarthProj
Follow Rushank on Twitter: https://twitter.com/rushankb
Join the GreenEarth Agro Telegram: https://t.co/n0TeU14eyV
Check out the GreenEarth Agro website: https://www.gearthagro.com/
Read the GreenEarth Agro proposal on Telos Works TG
Watch Rush on TedX: https://youtu.be/8hnBPFQy1-cBS of the Week:
Solana Downtime
Coinbase
CelsiusSpecial thanks to the team at Corduroy Earth for producing this video, vote for their BP, TelosCulture on the Telos Network!
GoodBlock is hiring! Check out open positions at goodblock.io/careers
GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance and Decentralized Cloud Storage. Vote for goodblocktls, and learn more at goodblock.io.
Telos is a cost-effective, energy efficient, fast, and scalable DPoS blockchain that has been operational for over 2 years. The Telos blockchain has leading on-chain governance (Telos Decide), and is built and developed by a core development team using the Antelope codebase.
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GoodBlock Resources and Social Media
Website | Twitter | Medium | Telegram -
Telos Validators Explained – Why be a BP?
Telos Validators Explained with TelosUSA & TheTelosCrew
Block producers carry forward the vision of their blockchains – and if you’re looking to become one yourself, there are a few things you’ll need to know. So we’ve gathered the BP pros to tell you all about the ins, outs, and fine-print of becoming a block producer on Telos!
In this episode of Around the Block, join Nathaniel & Douglas and special guests Michael EOS USA and Kylan from The Telos Crew! They’ll tell you all about why you should want to be a Block Producer. And you’ll hear about some Alpha Drops, Market Minutes, and more!
LINKS:
Follow EOS USA on Twitter: https://twitter.com/ivote4_eos_usa
Follow TelosCrew on Twitter: https://twitter.com/TelosCrew
Check out Kylan’s work on Decide Voter: https://decidevoter.app/
Read the TEDP3 Proposal (Now PASSED!)
Intergenerational Wealth Concentration
Taxes on Inherited Wealth
Wealth Inequality Over Time
Interpol Issues Red Notice for Do Kwon
Founder of Failed Crypto Exchange QuadrigaCX Starts DeFi Protocol UwU LendSpecial thanks to the team at Corduroy Earth for producing this video, vote for their BP, @Telos Culture on the Telos Network!
GoodBlock is hiring! Check out open positions at goodblock.io/careers
GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance and Decentralized Cloud Storage. Vote for goodblocktls, and learn more at goodblock.io.
Telos is a cost-effective, energy efficient, fast, and scalable DPoS blockchain that has been operational for over 2 years. The Telos blockchain has leading on-chain governance (Telos Decide), and is built and developed by a core development team using the Antelope codebase.
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GoodBlock Resources and Social Media
Website | Twitter | Medium | Telegram -
Leaping forward on EOS Independence Day
Leaping Forward on EOS Independence Day
We’ve got a very special episode of Around the Block for you today! Join Douglas Horn and several key leaders from each network in the Antelope Coalition; Yves La Rose from the EOS Network Foundation, Guillaume Babin-Tremblay from UX Network and Lukas Sliwka from WAX network. This is the first time all leaders have sat down to talk in this format and it’s an important time as today marks EOS Independence Day! Today the EOS network officially upgrades to Leap 3.1 and takes control of their codebase as a community.
We’ll talk about the launch of Antelope Leap 3.1 and how this marks the beginning of a new era for all Antelope powered blockchains. On top of discussing the current upgrade to Leap 3.1, we chat about what this means for the future of all our respective blockchains and what the community can look forward to!
Follow Antelope.io on Twitter: https://twitter.com/antelopeIO
Follow Yves on Twitter: https://twitter.com/BigBeardSamurai
Follow Guillaume on Twitter: https://twitter.com/eostitanBP
Follow Lukas on Twitter: https://twitter.com/LukasRepublic
Follow Douglas on Twitter: https://twitter.com/Douglas_HornMore on EOS Independence Day
What Antelope means to the community
More on Antelope’s website
Leap 3.1 featuresCrypto BS:
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Why finality increased after the MergeSpecial thanks to the team at Corduroy Earth for producing this video, vote for their BP, Telosculture on the Telos Network!
GoodBlock is hiring! Check out open positions at goodblock.io/careers
GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance and Decentralized Cloud Storage. Vote for goodblocktls, and learn more at goodblock.io.
Telos is a cost-effective, energy efficient, fast, and scalable DPoS blockchain that has been operational for over 2 years. The Telos blockchain has leading on-chain governance (Telos Decide), and is built and developed by a core development team using the Antelope codebase.
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Telos Amend Proposal
Telos Amend Proposal:
Revise the Relative Staking Rewards to be Equal Between REX and sTLOS
By Douglas Horn for the Telos Core Developers
Overview
This proposal would amend the TBNOA to revise the REX and sTLOS parameters to give the same rate of return for each asset pool as opposed to paying REX a 50% greater return rate than sTLOS.
Telos Staking Rewards
Telos is about to add staking rewards to its EVM in the form of sTLOS, to extend some of the benefits of REX staking rewards from Telos Native to Telos EVM. In short, where Telos Native users can stake (temporarily lock up) their TLOS tokens to receive a reward paid out from Telos reserve accounts, without risk of loss or impermanent loss, and also gain voting rights with their locked-up tokens, Telos EVM users will soon be able to stake their TLOS on the EVM in single-asset-staking pools which will give them sTLOS tokens as a claimable receipt for their staking deposit. (REX users also receive REX tokens as deposit receipts but unlike sTLOS tokens, REX tokens cannot be used or transferred outside of the REX system.) Both systems offer protection from loss and impermanent loss common with two-asset-staking. The sTLOS tokens do not confer voting rights the way that REX token balances do. To offset this loss of utility, sTLOS tokens are able to be sold, traded, and staked against other assets in two-token liquidity pools (e.g. an sTLOS/USDC liquidity pool).
Both sTLOS and REX tokens gain value from the constant supply of tokens flowing into the pools every 30 minutes. Since both sTLOS and REX tokens represent a share of the TLOS held in the respective pools, as more TLOS flows in from the reserves, the amount of TLOS that each REX or sTLOS token is worth constantly increases.
All technical components of the sTLOS system are complete and in the late stages of testing in preparation to launch later in September.
Unequal Rewards
Although the forms of staking are intended to provide roughly equal utility, with sTLOS gaining the ability to be further staked for rewards, to make up for its lack of voting rights that REX tokens enjoy, they do not currently earn the same rate of return. Early discussions and a poll of Telos users indicated a community preference for assigning 60% of the staking rewards to REX on Telos Native and 40% to sTLOS staking rewards. In practical terms, for every 100 TLOS that an sTLOS staker earned on Telos EVM, a REX staker on Telos Native would earn 150 TLOS for the same amount of tokens staked.
Upon reflection and consultation, this split seems unfair and unlikely to achieve the primary goals of this program: to increase the total value locked (TVL) on Telos. Telos EVM is currently the fastest growing side of Telos usage in terms of value, number of apps, number of addresses/accounts and other metrics. To give a noticeably smaller share of rewards to Telos EVM stakers would be counterproductive to the goal of increasing the overall TVL of Telos — a metric that has been shown to lead growth in market capitalization for the chain.
This proposal, if enacted by a vote of Telos users on the Telos Amend platform, would equalize the split between sTLOS and REX staking to 50%/50% to provide more equal yield opportunities across both staking platforms and incentivize greater TVL on all platforms in Telos. This proposal seeks to amend the TBNOA clause 44 — Resource Exchange and sTLOS Rewards as follows.
Voting on this Proposal
Any holder of TLOS tokens staked on Telos Native may vote on this proposal using either the Decide Voter app (click for download links) or the Telos web app located at app.telos.net. The name of the ballot is equalstaking which can be voted on using the Decide Voter app or at https://app.telos.net/trails/ballots/equalstaking/1663184291376
The Proposed Text
(Modified text appears in green)
## 44. Resource Exchange and sTLOS Rewards
Upon a 2/3+1 majority vote by the then current Block Producers to do so, computer code and/or contracts enabling a “Resource Exchange” for staking an account’s system resources to a common exchange which leases or rents out said resources to others for a fee (even a zero value fee) and disburses said fees to all resource-staking Members in return for an equal percentage of network income from RAM transaction fees, name bidding fees, or any other fee for commonly owned or managed Telos resources shall be implemented in the Telos Blockchain Network computer code and/or contracts. The form of this Resource Exchange may be modified or removed in the future upon a 2/3+1 majority vote by the then current Block Producers. Once the Telos Block Producers have deployed an Ethereum Virtual Machine (EVM) smart contract named “eosio.evm” onto the Telos mainnet, a portion of the funds designated for the Resource Exchange may be directed to a single-asset TLOS token staking pool implemented as a staking vault smart contract by regularly transferring the funds to the “eosio.evm” address to be designated by the Telos Block Producers as the sTLOS staking account with the purpose of disbursing said funds to all TLOS-staking Members of the sTLOS liquidity pool. Members staking TLOS tokens into this pool will receive a number of sTLOS depository receipt fungible tokens commensurate with the amount of tokens staked and the TLOS-to-sTLOS ratio, which will continuously rise for as long as funds are transferred into the account from the Resource Exchange. For as long as funds exist in the Exchange Token Reserve Fund named “exrsrv.tf”, funds from that account may be deposited into the Resource Exchange account named “eosio.rex” for disbursement at a rate of 1,000,000 TLOS per month through block 98,000,000; 1,350,000 TLOS per month for blocks 98,000,001 through block 113,000,000; 1,500,000 TLOS per month for blocks 113,000,001 through block 128,000,000; 1,700,000 TLOS per month from block 128,000,001. From block 228,000,000 This amount will be 1,700,000 TLOS to the account “eosio.rex” with a percentage further transmitted to the sTLOS rewards account designated by the Block Producers. The amount forwarded from the REX staking rewards account to the sTLOS staking rewards account shall be calculated by first programmatically calculating the current ratio of TLOS tokens staked to REX and sTLOS reward-earning accounts and then multiplying by the governance-determined rewards ratio which as of block 228,000,000 shall be 50.00% of the total amount sent to REX forwarded to sTLOS the staking rewards account. Reverting or “unstaking” sTLOS tokens into TLOS tokens shall require a minimum of 10 days from an account owner’s action to unstake the tokens until the tokens are made liquid for the Member to withdraw. These parameters may be adjusted by a 2/3+1 vote of the Block Producers provided it does not exceed the limits set in Clause 49 “Telos Economic Development”. All references to specific block numbers in any Telos Governance Document refers to that block number or as soon as the Block Producers and developer teams are practically able to deploy such changes thereafter.
The Existing Text
(Removed text appears in red)
## 44. Resource Exchange and sTLOS Rewards
Upon a 2/3+1 majority vote by the then current Block Producers to do so, computer code and/or contracts enabling a “Resource Exchange” for staking an account’s system resources to a common exchange which leases or rents out said resources to others for a fee (even a zero value fee) and disburses said fees to all resource-staking Members in return for an equal percentage of network income from RAM transaction fees, name bidding fees, or any other fee for commonly owned or managed Telos resources shall be implemented in the Telos Blockchain Network computer code and/or contracts. The form of this Resource Exchange may be modified or removed in the future upon a 2/3+1 majority vote by the then current Block Producers. Once the Telos Block Producers have deployed an Ethereum Virtual Machine (EVM) smart contract named “eosio.evm” onto the Telos mainnet, a portion of the funds designated for the Resource Exchange may be directed to a single-asset TLOS token staking pool implemented as a staking vault smart contract by regularly transferring the funds to the “eosio.evm” address to be designated by the Telos Block Producers as the sTLOS staking account with the purpose of disbursing said funds to all TLOS-staking Members of the sTLOS liquidity pool. Members staking TLOS tokens into this pool will receive a number of sTLOS depository receipt fungible tokens commensurate with the amount of tokens staked and the TLOS-to-sTLOS ratio, which will continuously rise for as long as funds are transferred into the account from the Resource Exchange. For as long as funds exist in the Exchange Token Reserve Fund named “exrsrv.tf”, funds from that account may be deposited into the Resource Exchange account named “eosio.rex” for disbursement at a rate of 1,000,000 TLOS per month through block 98,000,000; 1,350,000 TLOS per month for blocks 98,000,001 through block 113,000,000; 1,500,000 TLOS per month for blocks 113,000,001 through block 128,000,000; 1,700,000 TLOS per month from block 128,000,001. From block 228,000,000 This amount will be 1,700,000 TLOS to the account “eosio.rex” with a percentage further transmitted to the sTLOS rewards account designated by the Block Producers. The amount forwarded from the REX staking rewards account to the sTLOS staking rewards account shall be calculated by first programmatically calculating the current ratio of TLOS tokens staked to REX and sTLOS reward-earning accounts and then multiplying by the governance-determined rewards ratio which as of block 228,000,000 shall be 40.00% of the total amount sent to REX forwarded to sTLOS the staking rewards account. Reverting or “unstaking” sTLOS tokens into TLOS tokens shall require a minimum of 10 days from an account owner’s action to unstake the tokens until the tokens are made liquid for the Member to withdraw. These parameters may be adjusted by a 2/3+1 vote of the Block Producers provided it does not exceed the limits set in Clause 49 “Telos Economic Development”. All references to specific block numbers in any Telos Governance Document refers to that block number or as soon as the Block Producers and developer teams are practically able to deploy such changes thereafter.
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Understanding IoT & Web3 with Kanda Weather
Understanding IoT and Web3
The state of African weather data is dire – but that’s where Kanda Weather comes in. They’re using weather balloons and the internet of things, also known as IoT, to collect that critical data. And Telos helps them store that data and reward their users with cryptocurrency.
In this episode of Around the Block, join Douglas, Nathaniel, Sean and special guest Nicolas Lopez from Kanda Weather. They’ll tell you all about the impact that their project is having across continents – and you’ll learn a thing or two about IoT too!
Learn more about the Weather Miner: https://www.ascensionwx.com/miner/p/weather-miner More on Helium: https://www.helium.com/ More on hydrogen tech: https://twitter.com/KandaWeather/status/1564713291775197185?s=20&t=iRSmPqnLqPwqhOAs5jGyug
Vote for Kanda Weather Block Producer Vote using your Decide Voter app or the Telos Open Block Explorer
Follow Kanda Weather on Twitter
Join Kanda Weather’s Discord
Read their Medium
Learn more About Kanda WeatherBlock Stuff:
More on LUNC:
https://www.coindesk.com/markets/2022/09/09/terras-luna-token-gains-200-in-a-few-hours-amid-speculative-frenzy/ https://www.coindesk.com/markets/2022/09/12/terras-luna-tumbles-more-than-30-making-u-turn-from-surge/Special thanks to the team at Corduroy Earth for producing this video. Vote for their BP Telos Culture on the Telos Network!
GoodBlock is hiring! Check out open positions at goodblock.io/careers
GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance and Decentralized Cloud Storage. Vote for goodblocktls, and learn more at goodblock.io.
Telos is a cost-effective, energy efficient, fast, and scalable DPoS blockchain that has been operational for over 2 years. The Telos blockchain has leading on-chain governance (Telos Decide), and is built and developed by a core development team using the Antelope codebase.
***
GoodBlock Resources and Social Media
Website | Twitter | Medium | Telegram
