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July 25, 2024
Telos Focuses on Zero-Knowledge Technology: Updates and Adjustments Ahead
5
min read
Dear Telosians,
We are thrilled to share some exciting news and updates regarding the future direction of Telos. Following our tremendous success at EthCC with the SNARKtor proof of concept and all the new opportunities that this is bringing to Telos, we have decided to double down on our efforts in developing zero-knowledge (ZK) technology, including advancements in client-side proving. This strategic focus will allow us to drive innovation and lead in the blockchain space with cutting-edge solutions, unlocking real-world use cases and delivering tangible benefits to users and industries alike.
Strategic Focus on Zero-Knowledge Technology
Our commitment to zero-knowledge technology reflects our vision to bring to the market a hardware-accelerated zkEVM. Leveraging the SNARKtor decentralized protocol for scalable SNARK verification, this innovation will enable the development of highly scalable, user data-protecting applications, ensure regulatory compliance, and facilitate trustless interoperability. By incorporating client-side proving and intensifying our R&D efforts, we are poised to unlock new use cases and drive business development, ultimately broadening the adoption and impact of our solutions.
Adjustments in Our Development Roadmap
While we are enthusiastic about these developments, particularly after receiving positive feedback from the Ethereum community regarding SNARKtor, we realized there is high demand for such technology. Consequently, we want to accelerate our efforts and double down on our initiatives. As I am sure you agree, we need to be laser-focused and become industry leaders in the ZK space, which requires our full attention and dedication to achieving these challenging goals.
In light of our strides in the ZK space, we must share some less favorable news: we have decided to halt the development of our gaming sidechain, K2-18, which was originally scheduled to launch in the third quarter of 2024. This decision ensures that we allocate all necessary resources to deliver a stellar product on time and maintain Telos' unwavering focus on advancing in the ZK space.
Continuing Commitment to Tekika
It is important to note that this decision will have no influence on the launch of Tekika. Tekika remains a critical component of the Telos ecosystem and will play a significant role in enhancing social awareness, rewarding user engagement, and building our community. We are confident that Tekika will thrive and contribute immensely to our ecosystem's success.
Looking Forward
We believe that our strategic focus towards zero-knowledge technology will yield substantial benefits and drive long-term growth for Telos. As we continue to update our website, we will be updating our roadmap and sharing more details in Q3 2024. We appreciate your continued support and are excited about the future innovations we will bring to the blockchain space.
Thank you for being an integral part of our journey.
Sincerely,
The Telos Team
Disclaimer
The content provided in this article is for informational purposes only and should not be construed as financial or investment advice. Always conduct your own research and consult with a professional before making any financial decisions. Cryptocurrency investments along with other asset classes can be volatile and can result in potential losses. Always use caution, practice due diligence, and never invest capital you cannot afford to lose. Remember to always maintain the security of your accounts, use strong passwords, enable two-factor authentication, and be wary of phishing attempts. Stay safe and invest responsibly.
About The Telos Foundation
Telos is a decentralized blockchain ecosystem that includes Telos EVM, which is tested as the fastest Ethereum Virtual Machine globally, and its high-speed consensus layer, Telos Zero. With its continued focus on helping push forward the global adoption of Zero Knowledge technology, Telos is also currently developing a hardware-accelerated Ethereum Layer 2 network powered by SNARKtor, with the goal of enhancing privacy and scalability for global use cases at scale. Telos is overseen by The Telos Foundation, an ownerless foundation dedicated to advancing the Telos blockchain network and its community.
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