Telcoin Platform

Telcoin Platform

Telcoin Network: Clarity of System Boundaries

Telcoin Network serves as the base layer blockchain execution, settlement, programmability and data availability layer that TAN, TELx and other applications built into the system depend on to operate. Anyone with an internet connection may access the system, GSMA Operator Member, MNOs are the exclusive set of Validators who secure the system, and the Platform and Treasury Council will govern the system after the main network is live and a quorum of validators is met.

Telcoin Network: Clarity of System Boundaries

Summary

  • System Boundaries: The Telcoin Network is the base layer blockchain for execution, settlement, and data availability layer underlying the Telcoin Platform. TAN and TELx are built on the Telcoin Network and depend on the Telcoin Network to operate.
  • Access Boundaries: Anyone with an internet connection, web3 wallet, and TEL can transact using Telcoin Network blockspace.
  • Harvesting Boundaries: Validators must be full GSMA member, mobile network operators and must be authorized into the position by the Compliance Council using the CCIP process. Validators participate in proof of stake consensus on the network, and harvest TEL issuance fees from each block they secure to the blockchain.
  • Management Boundaries: Before the main network is live with 10 validators, the TAO possesses governance authority over Telcoin Network. Afterwards, the Platform and Treasury Councils, using the TELIP process, possess shared authority and duties towards making improvements to Telcoin Network, including providing infrastructure and information, allocating the flow of TEL issuance to be harvested by validators, and generally setting and refining the operational rules for interacting with the system including Telcoin Network harvesting, communication, construction & maintenance rules.

    • Overview

    Attribute, DefinitionDescription
    System Boundaries

    Ecological characteristics that make feasible for actors to determine where the resource system starts or ends.    		Telcoin Network is an EVM-compatible, public blockchain secured by MNOs globally using PoS consensus. Telcoin Network serves as the base layer execution, settlement, programmability and data availability layer that TAN, TELx and other applications built into the system depend on to operate.
    Access Boundaries

    Boundaries determining who may access and consume products generated by the system.    		Anyone with an internet connection, web3 wallet, and TEL can participate using Telcoin Network blockspace.
    Harvesting Boundaries

    Boundaries determining who may harvest TEL issuance.    		Validators must be approved by the Compliance Council, stake TEL from an authorized vault address, and participate in PoS consensus to harvest TEL issuance and fees each block they secure to the Telcoin Network blockchain. Council Members must be selected by Miner Groups and possess a governance NFT.
    Social Harvesting Boundaries

    Harvesting boundaries enforced socially through processes involving one or more actors.    		Miners: Social Authorization Processes
    • Validators: The Compliance Council authorizes new Validators using the CCIP process.

    • Platform, Treasury Council Members: Miners must nominate themselves for Council Member positions on the Telcoin forum, be selected by Miner Groups and possess a governance NFT as a result of free and fair election or delegation processes, and within one month of entering the role, provide proof that they are a miner and undergo KYC/AML with the Compliance Council to maintain the position.
    Ecological Harvesting Boundaries

    Harvesting boundaries built into the resource system    		Validators
    • PoS Consensus: Validators participate in proof of stake consensus with the network, staking TEL and producing blocks from an authorized vault address.

    • Telcoin Network Issuance: Validators harvest TEL issuance from each block they secure to the Telcoin Network blockchain.

    Council Members
    • Sablier Streams: TEL issuance streams on a per block basis to wallets in possession of Platform, Treasury Council governance NFTs.

    • Council NFTs: Council NFTs can only be moved by Miner Groups in selection processes. They empower Council Members with proposal and voting authority over their domain and a stream of TEL issuance.
    Management Boundaries

    The actors and organizations with management authority and duties towards Telcoin Network.    		• The TAO: Responsible for developing and managing Telcoin Network until the main network is live and 10 validators are authorized and participating in PoS consensus.

    • Platform, Treasury Council: Due to the nature of the Network as a critical piece of Platform Infrastructure, the Platform, Treasury Council are empowered with authority over and duties towards Telcoin Network operational rules.

    ◦ Council NFTs: Council Members possess Council NFTs as a result of selection processes, which empowers them with collective-control over their Council Snapshot.

    ◦ Council Snapshots: The Platform, Treasury Councils, through their collective control of the Platform, Treasury Council Snapshots, posses authority over Telcoin Network operational rules e.g. harvesting, construction, maintenance.

    • Compliance Council: Possesses veto authority over TELIP proposals using the CCIP process.