Telestai: A New Proof-of-Work Cryptocurrency with GPU Mining Support
Telestai, a new proof-of-work cryptocurrency, is now in production. This article introduces Telestai, its features, and how you can get involved in this early-stage project.
Introduction to Telestai
Telestai is a new proof-of-work cryptocurrency that has recently entered production. The project is in its early stages, making it an ideal time for interested parties to get involved. Telestai utilizes a custom Meraki algorithm and promises a fair launch (minus testing) to provide new support options for GPU miners.
One of the key aspects of Telestai is that there is no pre-mining, ensuring a fair distribution of coins. The Meraki algorithm is designed for low power consumption, allowing miners to participate as cheaply as possible.
Key Features and Specifications
Telestai comes with the following specifications:
- Algorithm: Meraki
- Total Supply: 1,721,865,600
- Block Reward: 468 coins
- Block Time: 1 minute
- Halving: Every four years
- Development Fee: 25% of block rewards
- Ticker Symbol: TLS
The Meraki algorithm's focus on low power consumption is a significant advantage for miners, as it allows for more cost-effective participation in the network.
Getting Started with Telestai
For those interested in joining the Telestai network, the project has released its first non-production wallet for download. Here are the key resources to get started:
- Core Wallet: The latest release of the core wallet is available on GitHub. You can download it from https://github.com/Telestai-Project/telestai/releases
- Mining Software: The latest mining software can be found at https://github.com/Telestai-Project/tele-meraki-miner/releases/tag/1.3.0
- Block Explorer: To view transactions and network activity, visit the Telestai block explorer at https://telestai.cryptoscope.io/
The Vision Behind Telestai
Telestai enters the blockchain space with a bold vision: to empower its blockchain adopters with a digital identity that cannot be imitated. This digital identity will provide access to a platform ecosystem designed to give users control over their data.
The ecosystem aims to allow members to:
- Properly verify the original source of created content based on the content stamp of the author's identity
- Sell their data to advertisers instead of being unpaid providers of metadata
- Provide Always On login based on the status of their digital identity
- Properly monetize the content they create and its distribution
The ecosystem will include a range of services, starting with an internet browser and expanding to social media platforms that support the project's goals. Telestai's blockchain will underpin this ecosystem, providing a method to track created content, help inject profits for users who choose to monetize their content, and permanently enshrine decentralization as a fundamental principle.
John-117, the creator of Telestai, will drive the project forward, using 25% of the block rewards to continue funding development and pay necessary expenses. He will also build a team of like-minded individuals who want to see the project move from concept to reality.
Project Resources and Links
For more information about Telestai, you can explore the following resources:
- Website: https://www.telestai.io/
- Whitepaper: https://medium.com/@john-117/telestai-the-foundations-for-a-new-online-ecosystem-f1dde5645f93
- GitHub: https://github.com/Telestai-Project
- Twitter: https://x.com/Telestai_io
- Discord: https://discord.gg/m3SuJRyeAG
Telestai represents a new opportunity in the cryptocurrency space, offering a fair launch, GPU mining support, and a vision for a decentralized digital identity ecosystem. As the project is in its early stages, now is an excellent time for interested individuals to get involved and contribute to its growth and development.
Keywords for SEO: Telestai, cryptocurrency, proof-of-work, GPU mining, Meraki algorithm, blockchain, digital identity, decentralization, fair launch, low power consumption
