Today I have tried to write about an entirely different topic compared to my daily writing. As you know, most of the time, I write my everyday life or a fictional story, but today I will discuss a blockchain that surprised me when I compared it with other blockchains. Have you ever wondered about any blockchains that would beat the fees of Ethereum? This blockchain fee is so negligible that you will not notice. That is the Telos blockchain. This blockchain has some key features. As well as several advanced features and Governance.
Telos is a permissionless third-generation blockchain focused on empowering mass adoption and building a decentralized financial system. It is a networked ecosystem enabling visionary leaders and communities to work together to create a new global economy. telos.net is a blockchain-perfected platform offering blockchain solutions, and it supports all smart contracts on EOSIO.
Telos operates as a Decentralised Proof of Stake (DPoS) consensus, decentralizing governance and authorities to Decentralised Autonomous Communities (DAOs) with no centralized control.
It is a very scalable network for building global economies that integrate seamlessly with apps. There were literally over 100 people, mostly independent from each other, who launched the Network- we consider people who join and contribute to this day founders also.
Telos is a cost-effective, decentralized, energy-efficient, fast, scalable, and secure blockchain. Telos mainnet has been operational for +2 years. Telos has +100 Dapps on the chain; according to blocktivity data, it is one of the most active blockchains on the planet. Moreover, Telos has the leading on-chain governance system. Telos blockchain has been built and is further developed by a growing core development team of 30+ members and an auxiliary team of 100+ developers using open source components like EOSIO codebase.
Telos Ethereum virtual machine (EVM), which runs Ethereum smart contracts, has already launched. It improves the utility of Ethereum with faster block times and significantly lower transaction fees for users primarily related to Defi app usage with no change in user experience. In a nutshell, Telos EVM helps Ethereum to scale.
Telos has a t-swap platform, and all tokens from the dApps can easily be exchanged. For example, that might include APX (
So far today, in the next post I will discuss Telos EVM.
