During the last days of first year (last week of November 2020) we started testing bridging Talleo blockchain with Ethereum and Tron blockchains.

Aim was that after the code is finished, we can use Talleo as payment method for smart contract based games and list TLO on decentralized exchanges that use wrapped tokens for internal bookkeeping.

We will eventually release the code and interface to the bridges as open-source software and allow other cryptocurrencies to use the conversion services it provides in exchange of paying share of the operating costs.

Currently user pays all the fees associated with sending tokens and conversions from the wrapped token to the cryptocurrency (from wTLO to TLO) and the bridge pays the fees associated with converting cryptocurrency balance to wrapped token balance.

On Ethereum network, the transaction fee (gas) is currently limited to 120000, which at current exchange rates equal to about 0.02 EUR/USD. On periods with high network usage, the transaction fee can climb up to equivalent of 0.20 EUR/USD. This is a lot higher than 0.01 TLO required on our own blockchain.

Cryptocurrency based on CryptoNote using CryptoNight Ultra Variant 2. https://www.talleo.org/

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store