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Telos Blockchain VS Other Blockchains - Business To Business - Nairaland

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Telos Blockchain VS Other Blockchains by teloswriter1: 10:38pm On Mar 02, 2020
This Topic is meant to compare Telos Blockchain with other blockchains, pointing out the advantages of telos blockchain to investors, developers and end users.

This would be done by posting a comparison of some blokchains with telos under this section. So follow and stay tuned

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Re: Telos Blockchain VS Other Blockchains by teloswriter1: 11:13pm On Mar 20, 2020
COMPARISM OF TELOS BLOCKCHAIN GOVERNANCE WITH OTHER BLOKCHAIN GOVERNANCE

For the blockchain industry to grow bigger, Governance is an important field of growth for the blockchain industry. New developments have advanced the state of the art of blockchain governance to a crucial third generation distinct from previous advances. Third-generation blockchain governance is characterized by a high degree of protocol-level, participatory governance that is extended to dapps and DAOs deployed on the blockchain as well.

Third-generation Blockchain and Governance
To date, the term, third-generation, in blockchain has referred to the blockchain protocols themselves. In this model, Bitcoin is a first-generation blockchain based on proof of work consensus; Ethereum is a second-generation blockchain which adds the ability to run smart contracts but still uses proof of work; and EOS and Tron are third-generation blockchains using delegated proof of stake consensus mechanisms to allow much greater speed, capacity, and computing power for smart contracts with ease of use features such as simple account names and no transaction fees. However, with recent advances in blockchain governance tools and protocols, blockchain governance, itself is now entering a third age.

The three generations of blockchain governance are:

First-generation governance (e.g. Bitcoin):
The blockchain is governed by its protocol to ensure that blocks and transactions are valid. The process of updating those protocols, however, is an off-chain process.

Second-generation governance (e.g. Tezos):
The blockchain’s protocol applies to validating blocks and transactions but also includes an on-chain method to update the protocol, itself.

Third-generation governance (e.g. Telos):
The blockchain’s protocol provides methods for validating blocks and transactions, for updating the protocol and other governance functions, and extends these protocol-level governance functions to dapps an DAOs deployed on the blockchain as well.

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