Teloscoin Reveals the Development of Interactive Non-custodial Wallet
Teloscoin is an open-source decentralized blockchain platform. The announcement today is about creating a non-custodian multi-coin wallet.
The non-custodial wallet will help in a new development for users to hold and store cryptocurrencies. The wallet will have the option to do atomic swaps between different currencies thereby integrating interoperability in the Teloscoin ecosystem.
Non-custodial wallets have major advantages over custodial wallets. With Teloscoin non-custodial wallet, users will have full control of their funds eliminating the need for third-party services to manage assets.
The development of the non-custodial wallet will enable Teloscoin to achieve part of its goals as a decentralized platform while the addition of Atomic swaps helps to switch between different crypto assets within Teloscoin blockchain network.
The non-custodial wallet would also support mining capabilities and include the first proof-of-gain network. Proof-of-gain is a decentralized autonomous trading network that rewards users that provide storage space for AI.
Teloscoin will also be introducing a unique feature to the wallet called BlockINs. These are 3rd party plugins docked into the interface of the wallet and provide various functions.
BlockINs would enable third-party platforms to offer applications that can be embedded in the wallet. These third-party apps could be a game, marketplace or music libraries which would increase the use cases of the wallet. Hence the non-custodial wallet would integrate an ecosystem of its own whereby users can partake in other activities and also store their crypto assets. Teloscoin already has a BlockIn named Kryptobay which is a decentralized online marketplace.
The addition of BlockIn within the teloscoin non-custodial wallet would revolutionize the crypto wallet industry since wallet holders will be able to engage on many different kinds of activities within their wallet. Teloscoin also intends to add an inbuilt community messenger within the wallet for users to interact with each other. Users will be able to send files and communicate securely using its blockchain communication services. The community messenger would add a unique blend to the wallet and users would be incentivized to use the messenger. Teloscoin will share a public preview of the wallet next week and invites interested parties to join and develop BlockINs.
Teloscoin is a privacy-focused decentralized open-source cryptocurrency. Teloscoin runs on Blackcoin PoS 2.0 protocol and is based on Bitcoin core 0.10.x codebase. Teloscoin uses a peer-to-peer network structure with no central authority to check the validity of blocks, no central authority for checkpoints, and no single point of failure for any operations.
It utilizes a network of masternodes for an openly visible decentralized governance and increased transaction privacy. The main goal is to achieve near instant private transactions and a governance that helps sustain the network for the benefit of all of the users involved.
Teloscoin is listed on several exchanges such as graviex, southexchange, biki, birake, bitdorado. Teloscoin information can also be found in Coinmarketcap ,CoinGecko, and masternodes online. To know more about Teloscoin visit the website telosgreen.org or read the whitepaper.