{"id":11083,"date":"2023-06-03T13:43:48","date_gmt":"2023-06-03T13:43:48","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=11083"},"modified":"2022-05-18T05:47:29","modified_gmt":"2022-05-18T05:47:29","slug":"what-is-telcoin-tel","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-telcoin-tel","title":{"rendered":"What is Telcoin (TEL)?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-telcoin-tel\/#history_of_telcoin\" >History of Telcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-telcoin-tel\/#how_does_telcoin_work\" >How does Telcoin work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-telcoin-tel\/#telcoin_components\" >Telcoin components<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-telcoin-tel\/#telcoin_features\" >Telcoin Features<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-telcoin-tel\/#what_is_tel\" >What is TEL?\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>You may have ever heard about the Telcoin project. In case you have never heard of it, don\u2019t worry. In this post I will tell you all about how it works.<\/p>\n<p><b>Telcoin\u00a0<\/b>is a platform that merges blockchain technology with communications to enable users to\u00a0<strong>pay with tokens<\/strong>\u00a0when making transfers quickly and globally. The platform is based on the Ethereum blockchain and has its own native token with the ticker TEL. This is an\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-an-erc-20-token\/\">ERC-20<\/a>\u00a0token and thanks to its development integrates blockchain technologies into the mobile industry.<\/p>\n<p>Telcoin has its own organization. Its main objective is to develop a cryptocurrency that is fully compatible with the functions of our mobile devices. In this way, users will be able\u00a0<strong>to make recharges and transfers<\/strong>\u00a0from anywhere through this platform.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"history_of_telcoin\"><\/span><strong>History of Telcoin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The history of this cryptocurrency begins in\u00a0<strong>2017. The developers of this project are Paul Neurer and Claude Eguienta.<\/strong>\u00a0Both developers have extensive experience in terms of\u00a0<strong>security systems and distribution of virtual currencies.<\/strong><\/p>\n<p><b>Paul Neuner\u00a0<\/b>is the current president of the project and has more than 12 years of experience in telecommunications. His first involvement in the blockchain world was in the telecommunications industry Mobius. Mobius is a startup that specializes in providing management services to safeguard mobile networks.<\/p>\n<p>In 2012 Paul had just founded\u00a0<strong>Pangea KK<\/strong>. This was a software mobile app development company based in Tokyo. But all this is not the only thing Paul did before founding Telcoin, he also founded\u00a0<strong>Ikou<\/strong>, the mobile app specialized in creating and organizing events. By\u00a0<strong>2018 Paul founded Sedona<\/strong>, a next-generation telecommunications management service that is responsible for safeguarding\u00a0<strong>mobile financial services.<\/strong><\/p>\n<p>On the other hand, we have the CEO and head of the project,<strong>\u00a0Claude Eguienta<\/strong>. This CEO had previously worked in new and large technology companies seeking to offer their customers the best financial services for more than ten years.<\/p>\n<p>Telcoin was launched on\u00a0<strong>December 11, 2017<\/strong>, and the project currently has a team of\u00a0<strong>12 professional developers<\/strong>\u00a0at its Tokyo headquarters.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>&nbsp;<\/p>\n<div id=\"image_1105360741\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/02\/Telcoin.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/02\/Telcoin.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/02\/Telcoin-300x205.jpg 300w\" alt=\"Telcoin\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/02\/Telcoin.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/02\/Telcoin-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/02\/Telcoin.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"how_does_telcoin_work\"><\/span><strong>How does Telcoin work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In terms of its technology, Telcoin is a\u00a0<strong>cutting-edge<\/strong>\u00a0project with respect to integrating blockchain technology into today\u2019s telecommunications companies. This is possible thanks to the installation of the Telcoin\u00a0<strong>API or Application Programming Interface model.\u00a0<\/strong><\/p>\n<p>This model is a set of codes that use\u00a0<strong>different software<\/strong>\u00a0to communicate with each other regardless of their different nature in the infrastructure presented by the external companies.<\/p>\n<p>As we have already mentioned above, Telcoin runs on the Ethereum network so it employs its blockchain\u00a0<strong>technology<\/strong>\u00a0and has\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-smart-contract\/\">smart contracts<\/a>\u00a0on the network. We could not expect anything less considering that its token is based on the ERC-20 standard.<\/p>\n<p>The coin distribution model in the Telcoin network is not too complicated. The platform is in charge of\u00a0<strong>managing the wallets<\/strong>\u00a0of its users and in turn is responsible for distributing the coins to the network operators. These operators in parallel also have a function and that is to sell the tokens to the users. Users have direct access to their assets through the\u00a0<strong>Tel-wallet.<\/strong><\/p>\n<p>The Telcoin project uses\u00a0<strong>Proof of Concept (PoC)<\/strong>\u00a0instead of the validators used by most projects. Proof of Concept is responsible for<strong>\u00a0ensuring<\/strong>\u00a0consistency in transactions. Telcoin is responsible for ensuring whether a given transaction has any real-world viability before\u00a0<strong>validating it<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"telcoin_components\"><\/span><strong>Telcoin components<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Telcoin model has three components. These components are the network, the telecommunications companies and, of course, the subscribers or users. Telcoin ensures the proper care of the<strong>\u00a0wallets as well as the implementation<\/strong>\u00a0of the network. As in the operation of most\u00a0<strong>decentralized<\/strong>\u00a0projects, Telcoin users have full ownership and\u00a0<strong>control of their\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/security-token-and-utility-token-whats-the-difference\/\">tokens<\/a>.<\/strong><\/p>\n<p>The user who owns a token also has<strong>\u00a0the right to transfer tokens<\/strong>\u00a0directly to a peer account from his own without any prior permission. It should be noted that, for the\u00a0<strong>activation<\/strong>\u00a0of these transactions, the subscriber must have\u00a0<strong>a minimum of two\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/increase-the-security-of-your-cryptocurrencies\/\">private keys<\/a><\/strong>. These keys must be based on\u00a0<strong>Telcoin\u2019s security architecture<\/strong>. This requirement can be augmented through a configuration called multiple signature model. Such a configuration helps to ensure a high level of security in the system.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>&nbsp;<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"telcoin_features\"><\/span><strong>Telcoin Features<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Each project has its own characteristics. These\u00a0<strong>characteristics<\/strong>\u00a0are the ones that make us choose it over others that perform the same function. Next we will see the most important ones of this project compared to others of the same level.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<ul>\n<li aria-level=\"1\"><b>Incentivized adoption.<\/b>\u00a0By this feature we mean that Telcoin is able to adapt in the most convenient way to the few models that exist to connect to operator billing and mobile money platforms at the same time. However, we should know that the applied fees are deducted directly from the TEL (native token) issuance. This service attracts the attention of many users and makes them loyal to the project.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li aria-level=\"1\"><b>Wallet agnostic.\u00a0<\/b>Telcoin has the ability to integrate with existing telecom mobile money\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-bitcoin-wallet-is\/\">wallets<\/a>, in addition to a proprietary wallet. This feature offers Telcoin users an extra remittance merchant.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>\n<ul>\n<li aria-level=\"1\"><b>A flexible telecom API.\u00a0<\/b>Telcoin pricing as well as the API exchange interacts directly with carrier billing as well as mobile money platforms via USSD, REST API or SMS.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_tel\"><\/span><strong>What is TEL?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Like most projects, Telcoin has its own<strong>\u00a0native token, TEL<\/strong>. This is the platform\u2019s utility token. Through TEL, users can<strong>\u00a0interact<\/strong>\u00a0with services offered by other\u00a0<strong>external networks<\/strong>. Telecom operators have the ability to\u00a0<strong>issue TEL<\/strong>\u00a0based on the volume of their transactions and the maturity of their integration. This feature ensures that delivery will be much more efficient than a traditional economic\u00a0<strong>remittance<\/strong>\u00a0service for its users.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>You may have ever heard about the Telcoin project. In case you have never heard of it, don\u2019t worry. In this post I will tell you all about how it works. Telcoin\u00a0is a platform that merges blockchain technology with communications to enable users to\u00a0pay with tokens\u00a0when making transfers quickly and globally. The platform is based [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-11083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/11083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=11083"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/11083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/7192"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=11083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=11083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=11083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}