A lot of my days with Telos have involved counting things. I recall eagerly counting each of the launch announcement partners. Then how many block producers had joined the testnet — especially when we finally reached the official 21 we needed and then the 48 BPs we had decided would be the minimum number we would need for launch. I spent a lot of time counting the checkmarks on our launch checklist. Then number of blocks produced, exchanges and wallets listing TLOS, apps and tokens on the network. I didn’t count these in a leisurely way, I dwelled on each of these numbers at all times, especially when I should have been sleeping. Perhaps I’m just a person who likes to count things, but these numbers have a talisman-like ability to help me focus on our progress.
Many Weekly Reports ago, I wrote about how I had gotten to a point where there were so many things happening on Telos in a week that I had to start combining and omitting some of them. Now I realize I have reached a point where I stop counting so many of these things. We’re five months since launch and over 25 million blocks on the chain — but I only know that because I checked. I couldn’t tell you how many exchanges and wallets include TLOS anymore. I’m sure I could tell you how many dapps have deployed on Telos, but I would really have to think about it. To me, this says that we’ve passed the early days where those kinds of numbers are how we measure the health and progress of this project.
Telos has a lot of growing it needs to do and some of the issues are fairly pressing. For example, a Telos block producer currently earns the equivalent of $1,175 USD per month for running the network which is less than half of what an EOS BP makes in a day. (Now cut that in half again for that for Telos standby BPs.) So we are going to have to keep working on making Telos a strong and viable network.
But every project has problems to solve. I’m encouraged by all the work that is happening. This morning many of the Telos block producers got together for a group call as we’ve been doing for some weeks. There are tons of great ideas about how we can improve the network, make it more useful for users, developers, and businesses that want to use Telos. It’s great to have such great ideas and so much passion and interest expressed by an ever widening group of people. The guys from EOS America joined the BP call for the first time. People like Sharif from EOS Dublin shared some really important points from his experience outside Telos. The strong commitment to this project just keeps increasing as does the engagement from the community. In the broader community, I am seeing Telos spoken about (kindly!) be people I have not heard from before. Our community is growing and people who had conspicuously stayed on the sidelines before are starting to give us credit for our work. These are the types of measures that are becoming more important to me. You often can’t put a number on them, but they are becoming the real gauge for me in how Telos is growing.
— Douglas Horn
Worker Proposals of Note
Financing Vapaee.io DEX development and review video (#12)
Voting closes: Sun June 2nd 16:20 GMT +0100
140,000.0000 TLOS in 3 cycles to ‘cardsntokens’ to fund development and implementation of a new DEX for TLOS based tokens.
Yes: 1,497,917 | No: 0 | Abstain: 0
Telos Marketing Proposal (#13)
Voting closes: Wed June 5th 10:32 GMT +0100
85,000.0000 TLOS in 4 cycles to ‘marketing1o1’ for marketing to increase Telos awareness among developers, crypto and non-crypto users, and apps already on EOS.
Yes: 680,084 | No: 32 | Abstain: 18,502
Telos Infrastructure as Code (#14)
Voting closes: Sun June 2nd 16:20 GMT +0100
35,000.0000 TLOS in 1 cycle to ‘cmicheltelos’ to support development of eosiac (EOS Infrastructure as Code), automating the process of managing EOSIO accounts for complex dapps in multiple environments.
Yes: 55,633 | No: 1 | Abstain: 83,799
Marketing Support for Telos Foundation Initiatives (#9)
Voting closes: Fri May 17th 05:35 GMT +0100
155,000.0000 TLOS in 3 cycles to ‘romannanders’ to bolster the marketing and public relations efforts of the Telos Foundation in collaboration with the Telos Foundation.
Yes: 4,113,006 | No: 388,146 | Abstain: 4,973,622
cc32d9: Chronicle + History Indexer (#8)
Voting closes: Sat May 11th 17:00 GMT +0100
100,000.0000 TLOS in 1 cycle to ‘cc32dninexxx’ to help fund a scalable Chronicle + History Indexer project.
Yes: 4,372,158 | No: 433,478 | Abstain: 5,057,545
Telos Worker Proposal IBC Implementation (#11)
Voting closes: Sat May 11th 17:00 GMT +0100
100,000.0000 TLOS in 3 cycles to ‘nebulablocks’ to support servers, worker hours & buy enough EOS on Mainnet for RAM & CPU.
Yes: 3,308,565 | No: 574,125 | Abstain: 5,281,003
Ended and Passed!
WordProof — Open Source WordPress Telos Plugin (#6) (2nd cycle)
Voting closes: May 6th 20:35 GMT +0100
300,000.0000 TLOS in 4 cycles to ‘wordprooftls’ to fund an open source Telos WordPress plugin. This is the second cycle and as promised, the proposer has returned 225,000 TLOS due to a submission error.
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.
At this time, to re-cast the same vote (yes|no|abstain), you need to choose one of the other vote options, then cast your intended vote again.
Here’s what happened this week:
- GB released “A Revolution in Blockchain Gaming” video promoting EOSIO and its impact on the game industry
- TLOS now trading on Newdex.io
- Telos featured in eoswriter.io article
- CoinGecko coverage of Telos improves
- MyTokenJP added TLOS to their token tracking app
Updates and earlier news you may have missed:
- “Token Showroom” token directory available from Chainspector
- Telos Boid Team progress update
- Where is the TelosFLAME?
GoodBlock released a video promoting EOSIO and its impact on the gaming industry
This week, we got to release “A Revolution in Blockchain Gaming” a video we’ve been working on that shares GoodBlock’s vision for where blockchain technology will take games, including the positive impact EOSIO will have for the future of blockchain gaming. The video has so far garnered over 800 views in 3 days, and has been featured and shared extensively throughout the EOSIO community. The team is hoping that over the coming weeks, it will also be shared throughout the broader blockchain community, spreading awareness of the benefits of EOSIO technology, and building on Telos.
TLOS now trading on Newdex.io
Newdex opened the Telos Trading Zone this week, introducing a TLOS/EOS trading pair on the popular exchange dex newdex.io. Newdex was the first EOSIO-based decentralized exchange and already has significant support from the Telos community. More trading pairs that include TLOS based tokens to follow soon. This paves the way for tokens deployed on Telos to start trading against TLOS on Newdex in the very near future. This is a great development for Telos because it creates or greatly improves the liquidity for those tokens. I feel a lot of projects have been holding off on Telos development until this happens — and now it has. Read the announcement from Newdex at https://bit.ly/2LzhILK
Telos featured in eoswriter.io article
Community member Aneta Karbowiak of The Cryptonomist recently wrote an article featured in eoswriter.io about the work Telos is doing and why it’s great for all EOSIO chains. In the article, she outlines the main differences between EOS and Telos, and the advantages that Telos brings to the EOSIO community. Another step towards teaching the EOS community more about the value that the Telos Network brings to the community! Read the full article here: https://www.eoswriter.io/2351_telos-is-helping-all-eosio-chains.eos
CoinGecko coverage of Telos improves
The popular coin-tracking site CoinGecko has been following TLOS for some time now, but it was previously not able to display the current token supply and therefore could not display the actual market capitalization. With no market-cap listed, TLOS was at the end of the list according to market value. They were also listing TLOS as a token on the EOS blockchain as opposed to the system token of the Telos blockchain. I had been speaking with them for several weeks to try to resolve the situation, as had Josep Rosich of eosBarcelona, but without success, due to a technical issue. Fortunately, Kevin Quaintance of Telos Global stepped in to fix the situation. He was able to write an updated API for his server so that the Telos token supply could be read and displayed by CoinGecko. That popped TLOS up from dead last to #178 on their list. They also corrected the description.
MyTokenJP added TLOS to their token tracking app
MyToken is an app that aggregates crypto market information from around the world. They’re one of the most popular market tracking platforms in the world for exchanges and cryptocurrencies, and also includes a dapp store. This week, MyToken added TLOS to their tracker, putting Telos in front of their over 400,000 app users! The app is especially popular in China and will provide Telos with some much-needed exposure in that market.
“Token Showroom” token directory available from Chainspector:
With Newdex now supporting Telos, tokens on the network can begin trading soon. It’s worth taking a look at a great tool we haven’t written about yet: Chainspector.io’s “Token Showroom” that displays useful information about all of the different token contracts on the network. The directory has sections for general token information, featured tokens, and other token contracts deployed on Telos. Chainspector is a versatile tool created by The Teloscope, a non-profit BP candidate for Telos that focuses on real-world applications for blockchain technology.
Telos Boid Team progress update
Team Telos is making a great showing on Boid at 3rd place right behind Trybe Social Team. Boid is a platform for users to dedicate their unused computer resources towards big data projects like searching for cancer markers in DNA. The Telos team has over 18,500 TLOS donated as prizes for team members.
Where is the TelosFLAME?
The TelosFLAME has been very active this week. Yesterday alone, it changed hands 8 times, traveled from the US to the UK, and is now in the hands of telosquirrel! The TelosFLAME project, created by Telos BP 21Zephyr is a “pass the torch” token game on the Telos Network. If you’re interested in receiving and passing on the token, sign up on this spreadsheet. And if you would like to follow along and see where the TelosFLAME has been, follow the contract here: https://telos.eosx.io/account/tlosflamelit?mode=contract&sub=actions
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