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Transcendece combines an open-source, decentralised blockchain with existing services as like AmiCloud and the indieGO-Appstore. All of them accept the Transcendence Network Token called Telos. The longterm plan is to move the cloudstorage and cloudcomputing aspects of the closed source software to the opensouce blockchain.
Distributed Peer To Peer Model
Transcendence / Telos 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. A failure from a single entitiy will NOT cause Transcendence / Telos to stop operating. No credit check outage will cause Transcendence / Telos to stop operating. No central authority will disrupt production operations.
Proof Of Stake
To achieve consensus; Proof of Stake 2.0 (PoS) requires nodes running a wallet software proving that it has coins in the blockchain in order to verify a block of transactions.
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