Hive-Telos Collaboration

We have a lot of terrific things happening on Hive. This was added to by the recent announcement that there is collaboration taking place between the Hive and Telos blockchains. Naturally, everyone is wondering about it.

What is going on?

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The short answer is nothing concrete at the moment. There is no collaboration taking place so the excitement is premature. If that is the case, why mention it?

As we will see, there is a new era being ushered in which is going to radically affect the future path of Hive.

Forging Alliances

According to the article posted by Hiveio, this is a situation that evolved over the last few months. While nothing is final, we are seeing some groundwork being laid.

We're excited to announce that over the past few months we have had some great discussions with our fellow Web 3.0 proponents at Telos.

There is much synergy between our communities and goals. Both Hive and Telos are focused on innovating on top of DPoS technologies and embracing new challenges.

There is something very interesting taking place. This is another case where the mention of pushing DPoS technology forward is brought up. It is something that those involved in the SpkNetwork alluded to on a number of occasions.

Hence, we can conclude there is interest in pursuing ways of enhancing DPoS as a fundamental technology in the shift to decentralized infrastructure. Basically, the view is that Pow and PoS cannot offer the efficiency, distribution and decentralization of DPoS. To make this known, more advancement is required of the technology in general. By engaging in collaborative efforts, we presume, this concept can be pushed forward.

It is evident this is the mindset of many of the developers involved as evidenced by this comment by @guiltyparties from the article linked above.

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We can all guess what is being referred to with the "its predecessor" part. Either way, this shows how the interest exists to push the tentacles of Hive, as well as DPoS, further out.

Acceleration of Development

A lot of this appears to focus upon development. That might not make users very happy since everyone is focused upon what is going to be given to them. It is not surprising that many focused upon airdrops the second this collaboration was announced.

Nevertheless, we cannot overlook the importance of this. We are in the very early stages and a ton of infrastructure still needs to be built. Collaborative efforts in this arena can accelerate the development time, pushing all DPoS chains further along.

We get a bit if insight into this from a Medium post put out by the Telos team.

Telos and Hive are both fast, scalable, and near-feeless blockchains with strong governance principles. Telos is weeks away from releasing their EVM, which will empower new developers, the existing Ethereum ecosystem, and enterprise clients. Hive has made massive strides in getting listed on major exchanges, improving its code, and continuing to provide an immutable blockchain for content storage and support the freedoms of speech and of information to all. Our shared principles and focus on Web 3.0 set this partnership up for success, we’re excited to see where it takes us!

The key take away here is the statement about the EVM (Ethereum Virtual Machine). For those unaware, this is what is allowing for much of the expansion of DeFi. Binance Smart Chain, for example, was a fork of EVM.

Does this mean that it will be incorporated into Hive? There is no way of telling. What we do know is that both Hive and Telos have similar code bases. This is why the collaboration makes a great deal of sense. It would seem that what appears on one could be adapted rather easily to operate on another.

Of course, there is the idea of simply bridging also. Why reconstruct something that already exists elsewhere. Perhaps, once the EVM goes live on Telos, some will bridge Hive into that, so the functionality is available to Hive applications without having to built it all from scratch.

For now, it is all speculation. It is likely we will see some clarification on this in the next couple months.

The Lesson From Ethereum

We only need to look at the success that stemmed from Ethereum to realize how quickly things can spread.

There is no question that Ethereum, on its own, is highly successful. While there are challenges with that chain, it is the one with the most money tied to it as well as topping the charts in development. We also see the value reflected in the market cap, permanently residing as the #2 blockchain behind Bitcoin.

This takes on even greater meaning when we look at the forks that took place. The EVM technology serves as a basis for many other chains. It allowed for accelerated development while also providing developers other choices. Matic, BSC, and Tron are just a couple of examples of this.

Within the DPoS family, we see similar codebase start with Bitshares, Steem, and EOS. From there, a number of forks occurred resulting in Hive, Telos, and PeerPlays. These are mentioned because there appears to be collaboration between different teams. In addition to the Hive-Telos announcement, we get the SpkNetwork roadmap which is incorporating aspects of PeerPlays with Hive.

Until things roll out, most of us have no idea how this all will unfold. That is perfectly alright since detailed explanations would probably go over the heads of us non-technical people. For the moment, it is sufficient to know there things happening behind the scene that is going to enhance the reach of Hive.

The Hive-Telos Collaboration could offer a road map whereby developers from both ecosystems are able to leverage the skills of each other for overall gain. The world of blockchain is not a competitive environment per se since we are going to need all the bandwidth we can get. While people are focusing upon one project against another, usually in the context of token price, the reality is that we are going to see massive value created across the entire spectrum.

In other words, most valid projects are going to do very well.

Enhancing the capabilities of both Hive and Telos through collaboration only makes sense. It would seem this could create a situation where all parties involved benefit.

We will see where things stand by the end of the year. Suddenly, it is getting very exciting around here.


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Bang, I did it again... I just rehived your post!
Week 75 of my contest just started...you can now check the winners of the previous week!
!BEER
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That's the way forward, when one or more good networks get partnered we will get a great network and HIVE will be great in the future.

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It seems like we are branching out. We will have to see what ends up coming out of all this.

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After hearing about the HIVE & TELOS collaboration news, I was looking to do some initial research on TELOS. I happened to catch the tale end of the TELOS EVM discussion that happened this past week on Twitter Spaces. Way over my head. So, I truly appreciate folks like yourself who can read between the lines, dissect the blockchain speak, and give us the "In Plain English" version of the news. !LUV

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(Edited)

It's hard for me to imagine what exactly would be possible because I don't understand a lot of the technicals about blockchain, but it's nice to know we have allies with other chains. The guys from Ark and Axie have been nice additions to our community. I think we should encourage more projects to put out their blogs here instead of medium. There are even possibilities for crossover social tokens to encourage their communities to collaborate on projects.

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Hard to know without the specifics but there are many ways that cross development could take place.

I am not fully certain this is the level the collaboration is taking place on but it makes sense.

That said, it could be some type of marketing effort. We will just have to see what comes out.

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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

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I'm also very curious about this. No way to know in advance, but there might be some bridging / sharding that will bring EVM-compatible smart contracts on Hive, via Telos. That would open a huge world of possibilities.

EVM seems to be the most popular virtual machine for DeFi platforms. Other chains have integrated it too.

Just a small observation: from what I know, BSC runs on Cosmos, with an EVM implementation made by tendermint. I might be wrong, but happy to be corrected if someone knows better.

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Thanks for the clarification.

It is exciting to think about the possibilities. We will have to be patient to see what emerges. Having access to EVM could really help Hive initiatives.

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I don't know how this collaboration would work persay, I don't know much about Telos, I just saw that the token price has done quite well lately with a few listing. I don't really know how it would eventually benefit hive going forward.

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Hard to know what is taking place with this. But it is exciting nonetheless. Hive is reaching out.

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You're right, it's a great development nontheless. Especially since It's not really a Competition, just a way to further broaden the chain.

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I used APPICS and I know it should migrate to TELOS, but the application still hasn't worked. I did not expect this partnership.

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Collaboration between chains to develop projects is the best way for the development and expansion of the community. I hope that projects are finalized and that alliances are forged with other chains.

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This will a great value addition to hive. I read a post sometimes back that appics will be moving to telos and untill now they are yet live. This brings more excitement. Awesome news

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It sounds like an interesting collaboration but I not so sure about ETH since fees are annoying though. So will the new EVM be something like Polygon?

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thanks for telling me this after I read it I search about Telos and learn more about it
I didn't know of Telos blockchain before so thanks
it is great that hive is collaborating with other

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This is great news for both Hive and Telos communities. I really like the philosophy behind this collaboration. It will take us far. Rather than competing with each other, why not collaborate and make something bigger and better. So excited!

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Those partnership posts are always uncool.

Or in my own words useless.

If the first useful apps around that build something that's good for both chains nice.

Or software for interchain communication or whatever.

But a pure statement from some Telos holder to ?Hive? is weird.

In general, not a bad thing but it remembers me of a lot of posts from the past.

A lot of projects, big announcements into nothing. And we have a long history of those on our chain.

A really long list...

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Basically, the view is that Pow and PoS cannot offer the efficiency, distribution and decentralization of DoPoS

Nothing personal against Telos or any DPoS powered networks. I like their community. But these bold claims need bold evidence and a strong case for support

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When big news like this comes out, it’s always great that it’s positive news instead of negative. I think this type of stuff will cement us as a serious contender for the best DPoS chain out there. Rank in market cap doesn’t mean much (cough EOS) in this regard.

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It sounds like it is still realllly early in this process, if it's only conversations so far. I hope it works out, any time Hive is able to build a connection with other blockchains its great. I think Wax and Hive working together for Splinterlands cards is a great example.

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The key take away here is the statement about the EVM (Ethereum Virtual Machine).

Exactly what I thought when reading through their statement. If Hive-Telos become super interoperable - we can have whole new dimension to Hive. I mean we've only been lacking smart contracts & data storage for most part.

With partnership we can take care of those blindspot without needing our own custom solutions :)
!PIZZA

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