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EOS-Based Fork's Architect on Telos Plans: DEX, Stablecoins, DAOs

ByBit
  • Vladislav Sopov
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    Douglas Horn, Chief Architect of the Telos blockchain, shares his plans on Telos development, with focus on Sub-Saharan Africa.

EOS-Based Fork's Architect on Telos Plans: DEX, Stablecoins, DAOs
Cover image via www.123rf.com

Built on EOS.IO technology, the Telos Blockchain is widely considered the "first fork of EOS". It also has great development, scaling, and marketing plans. Recently, Douglas Horn, Chief Architect and Whitepaper Author of Telos, talked to Block.one about some of the prospects for his network.

It's Time For Africa

The Telos Economic Development Plan, which was recently approved by the Telos community, proposes Sub-Saharan Africa as their main focus for the promotion of their stablecoin. As a region that lacks secure, traditional cross-border financial institutions, the TLOS-based stablecoins will be pegged to a country's national currency. Telos has already launched its token pegged to the South African Rand called the eZAR. Since other African nations are in process of deploying such stablecoins, they will soon be able to interact on the Telos Vapaée DEX.

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Africa’s Digital Asset Market Grows Despite Regulation Barriers

Africa’s Digital Asset Market Grows Despite Regulation Barriers

New Challenges, New Solutions

Mr. Horn also highlighted interest in decentralized autonomous organizations (DAOs) among business teams around the world. This is why the Hypha DAO, which has been developed by Telos, will be used as an out-of-the-box government tool by numerous partners. 

dStor, a decentralized file storage system, is another promising project by Telos. Apart from cloud storage, it will also act as a streaming platform and in compliance with the General Data Protection Regulation (GDPR) framework.

Sounds like a good idea? What do you think? Will Telos able to overcome major EOS-related bottlenecks similar to those that have been recently revealed? We can hardly wait for your comments on Twitter!

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff

ByBit
  • Alex Dovbnya
    📰 News

    Gold proponent Peter Schiff thinks that Bitcoin evaporating its 40 percent pump proves that it's a pump-and-dump scheme

Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Euro Pacific Capital CEO Peter Schiff has come up with a new insult for Bitcoin, calling it "a classic pump-and-dump scheme."

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Peter Schiff Reacts to Sudden Bitcoin Price Drop: "Get Ready for the Dump!"

Peter Schiff Reacts to Sudden Bitcoin Price Drop:

"You're being played"

Schiff continues to assert that Bitcoin's 40 percent pump on Oct. 25 was the result of price manipulations. The fact that Bitcoin's has completely trimmed these gains in just four weeks definitely flies in the face of bulls.

The gold bug explains that the pump was meant "to sucker in" momentum buyers to dump their bags later. This is supposed to be a wake-up call for all buyers.

Earlier, Schiff lambasted Bitcoin holders for not being able to see through the shenanigans of whales who are selling their coins on the verge of a major price.        

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Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

Other bears are waking up 

Mark Dow, the trader who famously shorted Bitcoin at its current all-time high, recently resurfaced on Twitter with a succinct "Bitcoin is dying" tweet, which came in handy right on the verge of Bitcoin's drop to the $7,500 level.     

While some bulls might be tempted to dismiss Bitcoin price moves recorded on the lower time-frames as "noise," the long-term picture is also gloomy. As reported by U.Today, crypto market analyst Willy Woo opined that Bitcoin might not replicate the success of previous halvening cycles due to its unusual bearishness. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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