Telos Roadmap
We are building the foundation for a successful future!
Welcome to our Telos Roadmap, which has recently been updated based on our Q1 2022 review and Q2 outlook!
This roadmap is our guiding vision for the future of Telos. As you read through, remember that there has been a ton of significant restructuring and a substantial increase of the Telos Foundation (TF) and Telos Core Development (TCD) resources behind the scenes.
We developed an outstanding strategy and vision on our roadmap, the iteration for the Q2 2022 development cycle tributes the remarkable growth of tEVM users, dApps, and transactions.
The development focus and requirements for tEVM and Telos Native are very different; therefore, we have, for the first time, differentiated the two areas to accommodate the relevant items.
Please follow our bi-weekly TCD development updates and our frequent Marketing and Business Development updates. Stay up to date about all these significant initiatives.
We added a retrospective and summarized our achievements during the last and consecutive quarters and outlined our main focus for the current quarter.
The Future section is our summary of everything that we’re working towards for the future of the Telos ecosystem. Stay tuned for our regular updates to find out what we’re tackling next and get the latest on the technical developments of Telos.
Retrospective
Partnerships & Exchanges
The key to a thriving ecosystem is more than just the offered technology. The Telos Foundation significantly increased business development and partnership activities by adding additional full-time resources to the team.
With a budget of 12 million TLOS, the Telos Ignite program offers a tremendous opportunity to significantly grow our ecosystem and attract new partners.
The formerly known “Telos dApp Incentive Program” is migrated to Telos Ignite and managed by TF Business Development.
Our exchange team works tirelessly to add new centralized exchanges (CEX) and decentralized exchanges (DEX) to our ecosystem. Managing liquidity for our tEVM partners is now a key initiative for Business Development and the Exchanges team.
Telos EVM
The launch of the Telos EVM was one of the most monumental milestones for the Telos ecosystem since its mainnet launch. Telos launched a layer one Ethereum Virtual Machine with no front running, flat gas fees, energy efficiency, and extreme speed and power! Development and scaling of RPC nodes continue to ensure seamless onboarding. You can read more about the Telos EVM in our documentation here.
The recent go-live of direct deposits and withdrawals from tEVM to exchanges is a significant milestone to drive adoption. We are delighted that Gate.io and KuCoin are the first to support this option.
RPC Optimization and Docker Implementation
Significant resources assure the operation and scalability of our RPC infrastructure. We have carefully rolled out more nodes and included the first Block Providers (BP), which increased the RPCs to 12 globally.
While optimizing the newly implemented Docker integrations, we have significantly improved the deployment speed and complexity. We are more than ready for mass adoption.
Teloscan (EVM Block Explorer)
Telos’ version of the famous Ethereum block explorer is custom-built, focusing solely on the Telos EVM. The TCD made significant progress by adding core features, such as:
- Wallet connection (MetaMask, Anchor, Wombat)
- Smart Contract Verification
- Smart Contract Read-Write functions
- ERC20 and ERC721 transfer
- and much more
Teloscan has already become powerful, and we are iterating further.
Telos Native
The native layer one blockchain remains the backbone of Telos. With significant resources deployed to tEVM, we keep driving various initiatives to improve our APPs and protect and improve our codebase.
Telos Web Wallet 2.0
The release of the Telos Web Wallet 2.0 introduced an easy-to-navigate interface for users to manage their Telos-based crypto assets in an intuitive application. Continued development has brought further functionality and ease of use for an all-in-one web wallet solution.
The addition of resource management and staking (REX) has added additional functionality required next to significant UI updates.
T-Swaps 3.0
Continued development of the T-Swaps exchange led to an entirely reworked platform which remains a central part of DeFi on Telos native. A sleek user interface zoned liquidity pools, increased liquidity, and deployed additional features for this innovative trading platform operated by Yknot Blockchain Solutions in South Africa.
Telos Core Release/Upgrade
TCD is working on upgrading to the latest core-code releases (Mandel) during March and April. We have deployed on Testnet, and testing is ongoing. The latest release will include bug fixes (REX) and expected improvements to some governance smart contracts and geography-based Block Provider schedule optimization, which improves the assignment of BPs in operations.
Decide Voter Mobile App
The Decide Voter mobile app by GoodBlock Technologies enables real-world use of the Telos Decide engine. Available on Google Play and the Apple Store, this intuitive application makes transparent and efficient decentralized governance accessible to everyone.
dStor
dStor is a decentralized data storage service with high levels of resiliency and security that GoodBlock Technologies is currently developing. As a pillar of Web 3.0, dStor simplifies decentralized cloud storage by allowing fiat payments and managing data across the network to maximize speed and redundancy without needing customer management, as other decentralized storage platforms do. Thanks to dStor’s ability to find high-quality storage nodes within a user’s geographic region, speed is as fast as centralized platforms. It enables groundbreaking opportunities for the crypto industry, including scalable decentralized gaming, secure NFT assets, tamper-proof governance documentation, etc.
Present Initiatives
We have aligned the roadmap with the strategic targets and visions of Telos. The EVM plays a dominant role in all of our initiatives.
Our core initiatives include:
- DeFi applications, including Lending
- NFT artists and applications
- Community growth and transactions.
One of the critical metrics for our chain is TVL (total value locked); therefore, we precisely adjusted the roadmap to support this objective with a significant share of our resources.
Telos EVM
EVM 2.0 Development
Telos EVM is already miles ahead of current competing Solidity solutions, but development isn’t slowing down. The Telos EVM 2.0 will guarantee that Telos continues to offer unmatched power for Ethereum-based applications decades down the line.
Development of RPC 2.0, one core component of EVM 2.0, is already in progress. The TCD has teamed up with leading experts to drive this initiative.
EVM 1.0 Rollout
The scaling and addition of RPCs is a high priority to secure the operation of tEVM further. The addition of nodes for further BPs and Exchanges is a part of this strategy.
We continue to optimize our Docker setup and installation routines and support dAPPs building on our leading EVM.
Critical Infrastructure Deployment (Oracles/Vaults)
While our latest partnerships with API3 and DIA closed a mandatory gap for oracles, we recognize the need for other Oracles. We will pursue further steps to integrate those into the tEVM quickly.
The same applies to Vaults such as Gnosis. Our teams are working closely with organizations that intend to launch on tEVM.
We recognize that both components are not offering significant rewards to operating organizations and consider the required steps.
Teloscan Iteration
Our recent negotiations with Etherscan encouraged us to continue the development of Teloscan. We continuously add required features, including advanced security and revoke, an indexer to enable improved token statistics, and holder lists and APIs. Next up will be NFT enhancements to support our great NFT markets partnered with Telos.
Telos Native to EVM Bridge
The opportunity to bridge tokens between EVM and Native is reserved for TLOS as of today. Trading of tokens on EVM and Native with the combined liquidity is a mandatory requirement and, therefore, integration of a bridge to T-Swaps 3.0 is a crucial initiative. Y-Knot will release this feature soon.
Single Asset Staking / Liqui-REX
REX “Staking” is a tremendous investment opportunity for Telos Native. While the current high APR massively supports TVL on native, it prevents the flow of liquidity to tEVM decentralized exchanges like OmniDex and Zappy.
We aim at developments to support REX on tEVM and thus offer more incentive to transfer liquidity.
Stable Coin Partnership
Stable Coins are significant success factors for almost all successful Blockchains. Issuing Stable Coins requires specific legal pre-requisites; therefore, we work with well-known brands to bring a “native” version to Telos.
Telos Native
Core-Code Consortium
Telos contributes actively to a consortium of four layer 1 blockchains to develop and protect our core code. Activities focus on four core areas:
- Core Code
- Wallet SDKs
- API
- Scalability
- Code Audits
After a long period of minimal development, this initiative will contribute to significant improvements such as:
- Faster Finality (final block confirmation)
- Synchronous Calls (interaction between contracts in one block)
- Wallet SDKs (improving wallet interactions)
Wallets and Usability
User experience on Telos native remains in “expert mode” to a large extent. We are taking the feedback seriously and continue working on improved resource management (Greymass Fuel) and overall user experience.
With Web-Wallet 3.0, we are focusing on a “Grandma-Wallet” concept with a custodial approach to simplify the experience to comparable Blockchains. Based on the developments, we are getting closer to offering a specific user experience for the novice, advanced and expert users.
Open Block Explorer
We are continuing our developments on OBE to ensure the availability of an open-source tool for Telos native. Features of the subsequent iterations will include:
- Voting and BPs
- Brand new Multi-Signature UI
- REX integration
Due to the strict component approach, various features will directly benefit the Wallet and usability initiatives.
Telos Arbitration
Arbitration was a vital component of the initial network launch of Telos. We have decided to infuse the available contracts with new life and develop a leading arbitration infrastructure that allows on-chain resolving of disputes and account issues.
Investment NFTs (T-Bonds)
The T-Bond NFTs technology was one of the most innovative DeFi developments of 2021. The new investment NFTs will open up a powerful piece of tooling to real-world initiatives with no developer resources. As the world reimagines our traditional financial systems, NFTs are set to play a significant role in the future of our economies. Significant developments are undertaken by y-knot with the support of the TCD.
Satoshi Tokens (SATs)
A fractionalized version of Bitcoin is so intuitive your grandma can use it! Why buy a coffee for 0.00005441 Bitcoin when you can buy it for 5441 SATs? SATs allow for price tags that make sense to a user. When paired with near-feeless transactions at 10,000 TPS and the user-friendly UI of the Telos Web Wallet, real-world crypto transactions have never been easier. SATs are bridged to the Bitcoin blockchain and represent wrapped BTC tokens. They can also be converted directly between SAT and BTC without an exchange or swap contract.
Decide Voter+ / Decide Voter DAO
Robust, extended governance is a pillar of the Telos ecosystem and various other DAOs, but only certain governance features are available for users with no developer resources. Decide Voter+ solves this by bringing advanced blockchain governance to real-world projects. Advanced features include legislation amendments, board election management, and project token integrations.
Overarching Initiatives
Telos Core Development
TCD resources are the key driver for developing and supporting Telos Foundation initiatives. Significant efforts allowed us to scale and re-organize the organization, which will lead to the overall staffing of 17+ developers and program/product/project management by the end of Q2 2022. We are utilizing the entire bandwidth of opportunities to scale our organization.
Telos Knowledge Base & Support
Home of the official Telos support, the Telos Knowledge Base is integral to establishing Telos as the blockchain for mass adoption. It’s easy to navigate support documentation, and the familiar ticketing system removes the intimidation factor that many people associate with crypto and Web 3.0 technology.
Telos Academy
Learn about all things Telos! As the industry heads towards mass adoption, we want to make it easy to welcome real-world projects, users, and investors into the ecosystem. At the Telos Academy, users will find educational materials on key aspects of Telos, along with a broader introduction to blockchain technology.
Future Developments
Telos is paving the way to mass adoption of Web 3.0 by developing innovative decentralized solutions with real-world applications. The Telos Core Developers and Product Team will determine development priorities every quarter considering needs, opportunities, and available resources. Here’s what we’ve got in store for Telos in 2022 and beyond!
Telos SureProfit
This groundbreaking tool will revolutionize DeFi, empowering traders to ensure that their trades will be successful before transacting. SureProfit will allow users to check their balances before finalizing a transaction and cancel any that would result in a net loss for the end-user. When paired with near feeless transactions, this powerful tool makes it possible to begin building wealth with as little as a dollar.
T-ID
An identity solution combines two significant needs for identity. The first is the need to determine the uniqueness of an individual account’s identity. The second is the ability for a user to have the information verified by third parties without leaking private information. Users will be able to share select information with apps while keeping control of what they share. Certificates issued will be linked to these details. This product will be crucial as the industry evolves and the needs of governance and DeFi become more complex. The Telos Core Developers have partnered with the original developers of the Estonian National Identity system, the first and most successful blockchain identity system globally.
Telos Profiles 2.0
Your passport to Web 3.0, Telos Profiles is a decentralized user profile service built to facilitate a more engaging ecosystem. It allows users to set a custom avatar and public persona associated with their account. Projects can then utilize this as a network-wide profile solution for familiar in-app experiences. Telos Profiles 2.0 will offer an updated UI and easy-to-navigate tooling, unlocking the full potential of decentralized user profiling.
Mural NFT Market & Gallery
With extremely low minting costs, no front-running, and a low carbon footprint, the Telos EVM intends to be the most artist-friendly platform across the industry. The Mural NFT Market & Gallery is key in facilitating this thriving creative ecosystem. Buy, sell, trade, and display your NFT collections easily and grow your decentralized artwork portfolio.
Telos Private
Telos Private will enable completely private “zero-knowledge proofs” (ZK) transactions for Telos users. Telos Private will employ a separate side-chain with modified code to allow ZK transactions and bridges to and from Telos. The side-chain will be decentralized and run by the Telos block producers, selected through user voting.
Telos Location
Telos Location allows proof-of-location using the Telos blockchain while incentivizing users to carry out “location mining” for the system. With this product, anyone will be able to verify that they were in a specific location at a particular time. This product opens up many possibilities for dApps, DAOs, and other decentralized initiatives. Telos Location is a long-term development goal and is not expected to be completed in 2022.
About Telos
Telos Blockchain (TLOS) is a 3rd generation smart contract platform that offers compatibility with Solidity, Vyper, and Native C++ smart contracts, providing full EVM/Solidity support and a fee-less native smart contract layer upon which the EVM is built. Telos’ performance is unrivaled in the industry and was purpose-built to offer speed, scalability, cost-effectiveness, decentralization, and end-user fairness. The network can sustainably support hundreds of millions of transactions per day, produces blocks in 0.5-second intervals on a first-in-first-out basis (eliminating frontrunning on the network), offers a fee-less native, and low per transaction cost EVM (<$0.10), and a fully decentralized block producer network.
