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Blockchain Project’s Big Ideas Include Bike That Can Mine Crypto as You Cycle

An open source and decentralized blockchain says it is reducing barriers to entry for newcomers so “everyone can enjoy the benefits and security of crypto.”

A blockchain-based platform says it is the first that puts all users and ecosystem participants on an equal level, and has set out its vision for how its platform will develop in the coming months and years.

Transcendence describes its blockchain as open source and decentralized, and says it offers full compatibility with existing systems such as AmiCloud, an internet-based file storage and file sharing facility, and the indieGO app store.

The company says it wants its platform to offer an open marketplace for developers and artists, giving content creators a way to interact through a decentralized messaging service that provides an option for private communication.

Wallets for Telos Coin, Transcendence’s native cryptocurrency, are being made available through eight operating systems. As well as Windows, iOS, Mac, Android and Linux, support is being offered for those who use AmigaOS, AROS and morphOS.

Through the online web wallet for Telos, the company says that users no longer need to store their private keys or use an offline wallet – adding that transactions can be completed quickly and easily. Further, users have the opportunity to receive payments for the services they offer, with merchants able to integrate the TelosPay system into their website if they so wish.

“Fully fledged infrastructure”

In a video explaining its offering to consumers, Transcendence said its Telos Coin is based on a fork of PIVX technology. The clip adds: “Low energy consumption in comparison to other Proof of Work coins means Telos Coin offers an extremely low cost entry point, which means there is a significantly reduced barrier to entry for users. Everyone can now enjoy the benefits and security of blockchain technology and cryptocurrency.”

The project says that its infrastructure is fully fledged and based on a “decentralized and democratic peer-to-peer model.” Transcendence believes that, in practice, this means that no single entity has the capability of causing its network to stop working – and resultantly, this means funds remain safe and secure at all times.

One of the main services offered by the project is a dashboard where users can send and receive coins, check their balance, and monitor current exchange rates for Telos in one place. The team behind Transcendence says that creating a well-designed and user-friendly dashboard has been a priority.

The next phases

In its white paper, Transcendence has also set out a series of projects where users will be able to use Telos Coin as payment. Among them is ProfitCycle, a concept which enables crypto enthusiasts to earn the currency as they ride their bike in everyday life. An app serves as a wallet, navigation system and community hub – directing the user to places where they can spend their crypto. Power banks are used to power the technology behind the ProfitCycle, and also enable the cyclist to keep their cell phone charged while they are on the move. When the product launches, customers will have the option of purchasing a kit to adapt their existing bike, or buy a completely new one that is furnished with the technology.

Meanwhile, CryptoMages is a trading card game which is set to launch on the Transcendence blockchain. As well as monthly online contests and a global ranking system, the project has plans to release physical decks for the cards which players could use to store Telos Coin in the real world.

Transcendence is the brainchild of Pascal Papara, and Telos Coin has already been listed on five exchanges – including Graviex, SouthXchange and BiteBTC.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Opera Adds Built-in Crypto Wallet to Mobile Browser

As the battle of the browsers wages on, platforms seek new ways to entice users onto their software. Norwegian browser provider Opera has jumped onto the crypto bandwagon by offering a browser based crypto wallet for smartphones.

Cryptocurerncy wallets are nothing new however this is the first of its kind to come built-in from a web browser provider. According to reports the new ‘Crypto Wallet’ is still in beta and will be made available for Opera’s Android browser. Being integrated into the browser enhances user friendliness as switching between browsing and crypto trading is simplified.

The company has released a short video explaining how to use the new wallet;

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According to Charles Hamel, product lead on Opera Crypto;

“Having a Crypto Wallet in the browser brings the cash experience to the world of online payments. Paying with the Crypto Wallet is like sending digital cash straight from your phone, and we’ve just made it easier.” He added “Our hope is that this will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives,”

The wallet has a simple user interface that does not use PIN numbers or passwords to authorize transactions. Instead it uses the device’s unlock screen code such as a fingerprint. With Ethereum Web3 API integration the system can support dApps, tokens and crypto collectibles. It includes a shortcut to a select number of dApps and games based on Ethereum in addition to a range of crypto merchandise.

Opera has hinged the success of this product on the complexity of using other crypto wallets, its ease of use will be the draw. Hamel added that “This opens up new possibilities for merchants and content creators alike,” The new wallet is integrated with Coinbase which enables users to pay for items and services in stores that support cryptocurrencies. Sending and receiving is as easy as generating a QR code and it forges a way to make crypto easier to deal with for the uninitiated.

Opera has previously dabbled in crypto this year. In March the firm updated the browser’s currency converter to include Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and in January it upgraded software to include anti-mining malware protection for Opera mini and Opera Android.

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