The Telos Weekly Report: Under New Management!
I’ve been writing Telos Weekly Reports every week for over a year. (Telos Weekly Report #1 was July 19,2018.) In the early days, this made sense, as there was a limited amount of Telos news and even fewer outlets for it. I remember writing about what a great sign it was to me that I was able to transition from listing nebulous “achievements” each week to keep up our apparent momentum to where I needed to start culling out real accomplishments that were great, but not necessarily worth including in the Weekly Report (Telos WR #7 August 30, 2018). Of course, that change, itself, feels quite antiquated today when Telos is rapidly becoming a thriving community with exciting new apps and services launching all the time.
One of the big signs of success for Telos is the fact that the chain itself now supports a number of professionals working to make Telos better every day via its worker proposal system. One of the first hugely successful WPs was the marketing work done by CJ Anders and Katie Roman (Telos WP #9 “Marketing Support for Telos Foundation Initiatives” by romannanders) which has passed overwhelmingly through all of its cycles and is delivering important marketing and presence for Telos — the positive results of which we are already seeing.
In their work marketing the Telos blockchain, CJ and Katie must stay up to date of all the important goings on in the Telos world. My time spent writing this Weekly Report, then, just reproduces their existing efforts. I feel like I could put that time to much better use for Telos by working on projects for block producers, Telos Core Devs, or even our own development projects at GoodBlock. So as much as I enjoy the process of writing this report each week, I am thrilled that CJ and Katie along with the Telos Foundation, have agreed to take over this responsibility and fold it into their already busy schedules. I am excited to see where they will take this. No doubt, somewhere much better than it is now.
Onward. And Go Telos!
— Douglas Horn
Here’s what happened this week:
● TED Plan Implementation Tested and Presented to Telos BPs
● Trail Voting System 2.0 on Telos Testnet
● SEEDS App Launches on Telos
● Sqrl Carbon Update
TED Plan Implementation Tested and Presented to Telos BPs
The GoodBlock and CalEOS teams have been working hard on internally reviewing the TEDP code for some final testing to ensure all goes smoothly once it goes live. The TEDP is going to bring more funds for the Telos Foundation and Worker Proposal System, raise BP pay, and funds REX for launch as soon as it’s live. The proposal to update the Telos Mainnet with REX and the TEDP has now been presented to BPs — follow the progress at http://bit.ly/2KEYKkA.
Much of the community has been excited about the upcoming T-REX staking rewards. We’re really hopeful that Telos REX will bring a lot of users to the space, and that they’ll stay once they see all of the amazing features that Telos brings to the table. From the scalability and fast, fee-less transactions, to having its very own governance and decentralized file storage (dStor), Telos means business.
Douglas Horn briefly explains what REX is, and what you need to know to get started: https://youtu.be/BMAM8q3YKEE
Check out the Telos Foundation’s FAQs about T-REX.
Read 3 steps to REX Rewards for instructions on staking your TLOS for REX.
Trail Voting System 2.0 on Telos Testnet
We’ve been getting excited over here about the newest update to the Trail Voting System (the system that Telos’ awesome governance features are currently using). The new update for Trail makes Telos the most advanced voting toolkit in the blockchain space. Developers can set up voting functions with multiple options of voting methods such as leaderboard voting, quadratic voting, and more, and there are committee management tools where users can be voted in as representatives with different powers over decisions or accounts.
Any Telos user may create and publish a public ballot that’s secured and hosted through Trail. You can choose which token to use for voting, and create your own privately managed tokens. If you are interested in testing it out yourself, Trail 2.0 is deployed on the trailservice account on testnet, and will be redeploying to the new testnet once it’s up and running as well.
More information on the new Trail Service can be found on GitHub at https://github.com/Telos-Foundation/trail-service
As a note, Trail 2.0 will not apply to Telos’ chain governance (Telos will continue using the old system), there would have to be a Ratify/Amend proposal for community vote, similar to the TEDP process.
SEEDS App Launches on Telos
Over last weekend, the SEEDS app made a quiet launch and has been running on Telos for almost a week now. SEEDS is a financial ecosystem that’s looking to empower people to make the world better and incentivize through rewards. SEEDS also allows the community to decide how to incentivize change through governance (using Telos’ Trail Service!).
Worker Proposals of Note
Telos Core Devs WP #3 — Fund 2 months of finished work by TCD (#24)
Voting closes: Thu Aug 22nd 23:43 UTC
303,500.0000 TLOS in 1 cycle to ‘teloscoredev’ for work performed to date on Telos Arbitration portal development and testnet recovery.
Yes: 1,217,005 | No: 0 | Abstain: 0
Aggressive Telos Enterprise Solutions contacting for Cities and Towns in the United States! (#23) (cycle 1 of 12)
Voting closes: Mon Aug 19th 21:04 UTC
150,000.0000 TLOS in 12 cycles to ‘telosgvments’ for cold contacting cities and towns to steer them to the Telos Blockchain Solutions group for potential onboarding.
Yes: 11,501 | No: 2,139,680 | Abstain: 12,710
Ended and Passed!
Telos Core Development: Sqrl Wallet (#22)
Voting closes: Sat Aug 10th 15:27 UTC
125,000.0000 TLOS in 1 cycle to ‘marlon.tf’ as pay for past development work already performed on the Sqrl wallet.
Telos Promotion and Outreach (#10) (cycle 4 of 12)
Voting closes: Mon Aug 12th 16:54 UTC
15,000.0000 TLOS in 12 cycles to ‘tlspromotion’ for past and future work promoting the Telos Network with articles and YouTube videos.
Don’t forget to re-cast your vote for WPs that last multiple cycles. This feature helps to keep longer-term WPs accountable for deliverables, and let voters decide whether they think the WP is still of value to the network.
This week’s active multi-cycle WPs include:
If you haven’t downloaded the newest version of Sqrl (1.0.13), you can find it here.
We believe the Worker Proposal System is a big part of what makes Telos great, and highly encourage you to make your voice heard by voting responsibly on the governance of this blockchain.
NEXT WEEK! You can find the Telos Weekly Report on the Telos Foundation Medium page at https://medium.com/@teloslogical
About the author: Douglas Horn is the Telos architect and whitepaper author, and the founder of GoodBlock, a block producer and app developer for the Telos Blockchain Network.
More about GoodBlock can be found at: www.goodblock.io
Join us on Twitter @GoodBlockio
Vote for GoodBlock on the Telos Blockchain Network @goodblocktls