Telos EVM DApps and DeFi | Roadmap 2022 and Beyond

6 min read

The future is looking epic for Telos (TLOS). Their latest roadmap 2022 is Telos’ guiding vision for the future of Telos.

The following “Telos’ State of The Art” (Present) section presents a summary of what they’re working on right now. The “Telos’ Plans for 2022” (Future) section is Telos’ summary of everything they’re focusing on as the Telos EVM ecosystem continues its powerful evolution.

TLOS roadmap 2022

Let’s dive into the new, expanded Telos Roadmap 2022. Buckle up, it’s quite the ride.

Telos’ State of The Art (Present)

The roadmap lists out the most recent features added to the Telos Network that offer incredible opportunity for dApp developers, users, and on-chain governance. In summary, these include:

  • Telos EVM – an Ethereum Virtual Machine, but without the disadvantages of the Ethereum Network
  • Decide Voter mobile app – enables real world use of the Telos Decide engine
  • dStor – decentralized data storage that’s a step up from IPFS and others
  • Telos Web Wallet 2.0 – easy to navigate interface for users
  • Teloscan Beta – block explorer with Telos EVM support integrated
  • Telos Knowledge Base & Support – improved guidance on the path to Web 3.0
  • Partnerships – with prominent industry project and exchanges

– 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! As applications begin to deploy, development continues to ensure seamless onboarding with feature parity. You can read more about the Telos EVM in their documentation here.

– 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 is currently being developed by GoodBlock Technologies. As a pillar of Web 3.0, dStor simplifies the use of 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. This enables groundbreaking opportunities for the crypto industry including scalable decentralized gaming, secure NFT assets, tamper-proof governance documentation, and more.

– 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 will bring further functionality and ease of use for an all-in-one web wallet solution.

– Teloscan Beta

Telos’ version of the popular Ethereum block explorer was custom built with the Telos EVM in mind. Although development is in the early stages, users and dApps can already begin exploring the Telos EVM through an early iteration of this powerful tool.

– 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.

– Partnerships & Exchanges

The key to a thriving ecosystem is about more than just the technology that is offered. This is why the Telos Foundation builds partnerships with prominent industry projects and exchanges around the world such as Bitfinex, Sushiswap, Uniswap, PancakeSwap, DappRadar, 5ire, Shield Protocol to name just a few.

Telos’ Plans for 2022 (Future)

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 on a quarterly basis considering needs, opportunities, and available resources. Here’s what they’ve got in store for Telos in 2022 and beyond:

  • Telos Academy – learn about all things “Telos”, blockchain tech and some real world projects
  • Telos EVM 2.0 – staying ahead of the curve of ETH based applications
  • T-Swaps 3.0 – strengthening position within DeFi on Telos
  • Telos dApp incentive program – incentivizing projects that are set to impact the future of blockchain
  • … and more… (see below)

– Telos Academy

Learn about all things Telos. As the industry heads towards mass adoption, we want to make it as easy as possible 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.

– Telos EVM 2.0

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.

– T-Swaps 3.0

Continued development of the T-Swaps exchange will ensure that this platform remains a central part of DeFi on Telos. A sleek user interface, zoned liquidity pools, increased liquidity, and other new features are key items on the roadmap for this innovative trading platform.

– Telos dApp Incentive Program

In order to ensure that Telos is home to some of the most innovative and thriving economies in the industry, we’re launching a dApp Incentive Program for the Telos network. This initiative will offer financial, technical, and business development support to projects who will play an integral role in the future of the blockchain industry.

– Telos SureProfit

This groundbreaking tool is set to revolutionize DeFi, empowering traders to ensure that their trades will be successful before transacting. SureProfit will allow users to check their balances just 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.

– Satoshi Tokens (SATs)

A fractionalized version of Bitcoin that 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 actually make sense to a lay person. 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 using an exchange or swap contract.

– T-Bond NFTs UI

The T-Bond NFTs technology was one of the most innovative DeFi developments of 2021. The new T-Bonds UI will open up this powerful piece of tooling to real world initiatives with no developer resources. As the world reimagines what our traditional financial systems look like, T-Bond NFTs are set to play a major role in the future of our economies.

– Teloscan & Telos Block Explorer

As Telos EVM development continues, Teloscan will offer applications and users a suite of tools that compete with other leading block explorers. In addition to Teloscan for Telos EVM, an official block explorer for Telos native is also under development. Both of these tools will maximize the utility of various Telos features and ensure a seamless user experience for navigating the history of the Telos ecosystem at scale.

– T-ID

An identity solution combining two large needs for identity. The first is the need to determine the uniqueness of an individual account’s identity, and second is the ability for a user to have 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 original developers of the Estonian National Identity system, the first and most successful blockchain identity system in the world.

– Mural NFT Market & Gallery

With extremely low minting costs, no front-running, and a low carbon footprint, the Telos EVM is set to be the most artist-friendly platform across the industry. The Mural NFT Market & Gallery is a key piece in facilitating this thriving creative ecosystem. Buy, sell, trade, and display your NFT collections with ease 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.

– Decide Voter+

Powerful governance is a pillar of the Telos ecosystem, but only certain governance features are currently available for users with no developer resources. Decide Voter+ solves this by bringing advanced blockchain governance to real world projects. This includes features such as legislation amendments, board election management, and more.

– Telos Profiles 2.0

Telos Profiles, your passport to Web 3.0, 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.

– 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 specific time. This opens up a world of possibilities for dApps, DAOs, and other decentralized initiatives. However, Telos Location is a long-term development goal and is not expected to be completed during 2022.

For any questions you may tune into Telos Tuesday AMA with their core team. They plan to bring back technical updates twice a month so that you can stay up to date about all their informative initiatives.

Summary TLOS Roadmap 2022

Telos’ Team has some incredible work and groundbreaking projects coming to Telos in 2022 and beyond. No doubt, there’s lots to get excited about for NFT aficionados, DeFi wizards, and decentralization enthusiasts.

‍And, remember that you can connect via “Telos Tuesdays” and get answers to your questions. Telos prides itself on being transparent and friendly with its partners, community, and followers.

‍Telos plans to bring back technical updates twice a month so that you can stay up to date about all their promising initiatives. Telos is off to an amazing year.

Source via this site: Announcing the New Telos Roadmap

Disclaimer: Although the material contained on this website was prepared based on information from public and private sources that believes to be reliable, no representation, warranty, or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and expressly disclaims any liability for the accuracy and completeness of the information contained on this website.

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