Interoperability platform for utilizing Telos

Colin Baseman

Transledger platform Telos Tech provides communication between blocks, allowing transactions between cross-chains to accelerate decentralized stocks as well as provide BTC the functions of smart contracts.

On 26 May, the Telos team publicized that Transledger plans to implement its digital ledger equipment to provide an interactive platform that allows digital currencies to transfer amid blockchains.

The inventive platform intends to improve applications of PTP type similar to DEX (decentralized exchanges), together with the capacity to manage tokens similar to Bitcoins with features that are quicker as well as with a more influential smart contract.

Expertise profits decentralized stocks

Transledger allows tokens comprising BTC with ETH to shift amid digital ledgers, preserving their price utilizing proxy coins as an exchange means on Telos. This permits these tokens to make use of smart agreements along with a transaction time of half-second type with no commissions.

Using this expertise, decentralized stocks can arrange cross-chain transaction speed to contest with other centralized stocks, though operators will not need to cease control over their resources. It could also provide liquidity to increase market cap tokens for the first time, for instance BTC on DEXs.

Didier Martin, Transledger CEO stated:

"Digital currency holders should not trust a centralized stock to sell their currency while we have such a capability to produce secure PTP networks."

Additional use cases comprise checking the identity, the oracles, and the funds' transferal.

Telos builds up partnerships

Telos is rated among the most dynamic digital ledgers worldwide, in line with information from Blocktivity.

As formerly stated by Cointelegraph, three gaming enterprises were recently declared to use this network to implement characteristics permitted by digital ledger on the Unity with Steam platforms in games.

Besides, in the first weeks of April, Genobank united with the platform to generate a confidential mobile app for testing for COVID-19, which was subsequently granted a sum of $50,000 by the establishment behind the enterpriseEOSIO (EOS) called Block.one.

Telos positioning and perspectives

Platform Telos Tech gives "feet on the ground" advice for medium and large companies through the entire tactic range. The platform team helps companies develop crystal-clear strategies and then apply them quickly as well as effectively. The platform sets its main mission to generate a globally “competitive,” organization in the shortest thinkable time with expanding competences in the field of operational excellence, innovative platforms, and public orientation.

Telos Investments has limited, along with very discerning positions in firms that they believe have high intellectual property, innovative products, and research in addition to producing content. However, the platform tends to be demanding and very precise in their goals, as they are certain that the network can bring significant benefits to invested companies through market contacts, technology, and expertise, as well as very practical strategic materials with advice.

Although Telos operates in the "revenue" field, the developers’ current interest is on non-governmental organizations and non-profit organizations, most of which are free advice and consultation services.

Besides, the platform makes careful investments in new businesses with a high content of resources, science, and trade expertise. Groundbreaking technologies or products are focused on science, with expansion opportunities.