Technology
Telos
APPICS has partnered with the Telos Foundation, to build the smart contract for the APPICS plattform. The Foundation is a Decentralized Autonomous Organization (DAO) elected by holders of Telos Foundation Voting Tokens as defined in the Telos Blockchain Network Operating Agreement, a core Telos governance document.
With Telos, the APPICS network can process - 10,000 + transactions per seconds, with zero fees, which is essential to operate. Unlike other blockchains Telos is a low energy, low carbon footprint blockchain.
Telos is a cutting-edge blockchain platform that combines advanced smart contract capabilities with decentralized community governance. Utilizing the EOS.IO protocol, Telos has been augmented with customized governance and product layers. Unlike many other blockchain projects, Telos never conducted an Initial Coin Offering (ICO) and operates as a truly decentralized network. Discover more about Telos and its unique features at telos.net.
EOS
EOSIO is a leading open-source platform for blockchain innovation and performance. APPICS chose to build their social media plattform on EOSIO, because the blockchain comes with some powerful key benefits like customized reward mechanism, faster transactions, cross-posting options and many more!
EOS blockchain architecture has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications. What also stood out to us was that EOS boasts as the most secure blockchain on the market and supports security delayed transactions and lost password recovery features. Like most of the blockchain projects, EOS is an open source project, you can find source code on Github.
Ethereum
Ethereum is the second-largest, most well known public blockchain and cryptocurrency with one of the largest crypto communities and most applications built on top of it, which is why APPICS decided to utilize a bridge and join the Ethereum ecosystem. The Ethereum-based APX token allows users to be part of the DeFi space, mint and sell their NFTs to the largest NFT community within and outside the APPICS plattform. APPICS has a gateway between EOS, Telos and Ethereum that allows users within the ecosystem to easily transfer and convert their APX tokens.
Interoperability (EVM)
The Telos EVM (Ethereum Virtual Machine) is a blockchain network that is built on top of the Telos blockchain. It is an implementation of the Ethereum Virtual Machine (EVM) that is used to execute smart contracts on the Telos network.
The Telos EVM is valuable to integrate into an app like APPICS because it offers several key benefits that can enhance the functionality and performance of the platform.
Compatibility with Ethereum: By using the Telos EVM, APPICS can leverage the existing tools and resources that have been developed for the Ethereum ecosystem. This allows for easy integration with other dApps and decentralized protocols that are built on Ethereum, increasing the potential for collaboration and interoperability.
Enhanced Performance: The Telos EVM is designed to offer improved performance and scalability compared to the Ethereum EVM, which is crucial for an app like APPICS that is expected to handle a high volume of transactions and user engagement. This can help to ensure that the platform remains responsive and performant as usage grows.
Increased Security: Telos EVM is designed with enhanced security features that can help to protect against common vulnerabilities and malicious attacks. This is particularly important for an app like APPICS that deals with sensitive user data and monetary transactions.
Low-cost transactions: Telos EVM also offers low-cost transactions which can be crucial for an app like APPICS which deals with micropayments, this can ensure that users are not discouraged from engaging with the platform due to high transaction fees.
Decentralized Governance: Telos EVM has a decentralized governance system that allows the community to make decisions about the protocol and its development. This can align with the philosophy of APPICS to empower users and creators, enabling them to have a say in the direction of the platform.
Overall, integrating the Telos EVM into an app like APPICS can help to enhance its performance, security, and compatibility, making it a more attractive option for users and creators.
Artificial Intelligence (A.I)
The expansion of Web3 and blockchain technology is rapidly changing the way we interact and transact online. With the increasing focus on privacy, decentralization and security, it's crucial for companies to understand the potential of Artificial Intelligence (A.I) in this evolving landscape. A.I can bring significant benefits to the blockchain world, such as enabling faster, more secure and efficient transactions, reducing fraud and providing personalization. At APPICS, we recognize the potential of A.I in the Web3 era and are exploring ways to integrate it in our platform. By harnessing the power of A.I, we aim to offer a seamless and user-friendly experience to our community while maintaining the core principles of blockchain technology.
APPICS supports A.I generated content. We believe that A.I will play a major role in the near future and will enhance many areas, including but not limited to content creation. Some examples include:
Automated content generation: A.I can be used to write articles, create videos, and generate other forms of content. This can save time and reduce the need for human writers and editors.
Personalization: A.I can be used to create personalized content based on a user's preferences, browsing history, and other data. This can make content more relevant and engaging for the user.
Optimization: A.I can be used to optimize content for search engines, social media, and other platforms. This can help to increase the visibility and reach of the content.
Interactive content: A.I can be used to create interactive content such as chatbots, virtual reality experiences, and other forms of interactive media. This can provide new ways for users to engage with content.
Analysis: AI can be used to analyze large amounts of data to understand the audience's preferences, likes, dislikes, opinions, etc. This can be useful to improve the quality of the content and make it more appealing to the target audience.
Overall, A.I can help to automate and optimize many aspects of content creation, making it more efficient and effective.
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