Blockchain Project's Big Ideas Include Bike That Can Mine Crypto as You Cycle

Transcendence describes its blockchain as open source and decentralized, and says it offers full compatibility with existing systems such as AmiCloud, an internet-based file storage and file sharing facility, and the indieGO app store.

Wallets for Telos Coin, Transcendence's native cryptocurrency, are being made available through eight operating systems.

As well as Windows, iOS, Mac, Android and Linux, support is being offered for those who use AmigaOS, AROS and morphOS.Through the online web wallet for Telos, the company says that users no longer need to store their private keys or use an offline wallet - adding that transactions can be completed quickly and easily.

"Fully fledged infrastructure"In a video explaining its offering to consumers, Transcendence said its Telos Coin is based on a fork of PIVX technology.

The clip adds: "Low energy consumption in comparison to other Proof of Work coins means Telos Coin offers an extremely low cost entry point, which means there is a significantly reduced barrier to entry for users. Everyone can now enjoy the benefits and security of blockchain technology and cryptocurrency."

The project says that its infrastructure is fully fledged and based on a "Decentralized and democratic peer-to-peer model." Transcendence believes that, in practice, this means that no single entity has the capability of causing its network to stop working - and resultantly, this means funds remain safe and secure at all times.

One of the main services offered by the project is a dashboard where users can send and receive coins, check their balance, and monitor current exchange rates for Telos in one place.

CryptoMages is a trading card game which is set to launch on the Transcendence blockchain.

As well as monthly online contests and a global ranking system, the project has plans to release physical decks for the cards which players could use to store Telos Coin in the real world.

Transcendence is the brainchild of Pascal Papara, and Telos Coin has already been listed on five exchanges - including Graviex, SouthXchange and BiteBTC. Disclaimer.