Today, Telcoin is pleased to introduce the long-anticipated “V3” of our user-owned, decentralized financial platform. We’re revealing two new websites that detail two core layers of the Telcoin Platform, along with instructions for how you can participate.
V3 is more than just an incremental update — it marks a major evolutionary milestone for Telcoin. We began our journey focused on financial inclusion, and we believe that V3 takes that mission to new heights. Not only will Telcoin offer the most affordable money transfer network on the planet, operating 24/7/365 with instant global settlement, but we’ve decentralized the liquidity engine of the platform to users, empowering them to participate and capture fees they now exclusively award to legacy financial institutions from products they rely on in their everyday lives. Telcoin V3 marks the genesis of a new, user-owned financial system for everyday people, and we are incredibly excited to be a small part of what we believe will positively impact the lives of billions of people.
We remain committed to Ethereum as the most open, versatile and widely adopted blockchain. At the same time, in V3 we recognize the need for transactions to be affordable for remittance and everyday payments. As the scalability wars have raged on, we have paid careful attention to the various solutions that will enable us to leverage the network effects and security features of ethereum, while offering our customers fast and affordable, user-owned products without compromising on decentralization.
After thorough analysis, we have made the decision to release V3 of the Telcoin Financial Platform on Polygon POS, and to leverage the Polygon SDK to launch the Rivendell Network, an Ethereum side-chain whereby GSMA Full Member Mobile Network Operators are the exclusively authorized validator set. Head over to TELx to learn more about Telcoin and Polygon.
Let’s dive in and learn more about what exactly we’re unveiling today — and what we intend to launch over the coming weeks and months.
