The Tao 2020 Roadmap: Part Two

In Part One I laid out the arguments for the technological upgrade now taking place with the Tao protocol. In Part Two I’m going to talk a bit more about the specific pieces of the ecosystem that’s going online.

Increased Utility, Increased Complexity

  • A working EVM-based protocol operated by delegated proof of stake consensus
  • A governance dApp for the selection of masternodes and DPOS management
  • An explorer similar to EtherScan allowing visibility into the blockchain
  • Android/iOS mobile wallet
  • Verbose documentation
  • Migration from the old network to the new network

Phase One will be live in April of 2020.

Migration involves sending Tao 1.0 tokens to a specific address with a receiving address on Tao 2.0. Community members who migrate from Tao 1.0 to Tao 2.0 will receive a 10%-15% (TBD) bonus to their holdings for their continued support!

Phase Two increases complexity even further with greater utility:

  • Ledger and Trezor support
  • A simple app to allow for the creation of fungible and non-fungible tokens
  • A decentralized exchange protocol

Phase Two will be live in June of 2020.

Phase Three builds on the existing infrastructure with the goal of creating standards upon which music, arts, and entertainment related applications might be constructed. Chief among these standards is a means by which one might create an identity which may be certified by a third party. We’ll dig deeper into that as Phase Three approaches.

The Big Picture

Ongoing development post upgrade will be paid for by a portion of each block created. No longer will development lag as a function of a lack of funding. Furthermore, the Tao Board of Governors will have the ability to present masternodes to projects which agree to build on the network, providing a consistent amount of monthly income for startups when fundraising is tough and runways are short.

Part Three of this series will cover Tao governance and how development grants will be awarded.

Developer, Father, and Friend .:. CEO of AltMarket, Inc. .:. My views are my own.