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Overview Of The Telos Blockchain - Education - Nairaland

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Overview Of The Telos Blockchain by teloswriter1: 7:49pm On Feb 13, 2020
- Telos (TLOS) is a smart contract blockchain running on EOSIO software.

- Telos makes use of Delegated Proof of Stake (DPOS) consensus. TLOS is the native currency of Telos and is used for acquiring resources for decentralized applications (dApps), voting for block producers, worker proposals, election arbitrators and other on chain governance.

- The governance features used by Telos' core system are available for dApp developers to include in their projects.

Telos is a blockchain that offers their dApp developers 0.5 second block times, transaction rates as much as 1000 transactions per second, and free transactions.

- Developers on the telos blockchain can reportedly build blockchain applications that provide a similar user experience to conventional mobile, and personal computer applications.

- Telos blockchain went live in December 2018 using a modified EOS genesis snapshot (the result of the EOS token sale) where all accounts were capped at a maximum of 40000 TLOS.
This resulted in a broad and relatively equitable initial distribution of approximately 300 million tokens EOS genesis account holders. 18 million tokens were granted to the founders of the chain and 6 million to the Telos Foundation.

- The current supply of TLOS is 355 million and token inflation is 0%.

- On telos you can deploy as many dapps as you want, you just need to be able to build it and make it user attractive.

- The telos blockchain, is EOSIO compatible because you can write the same code meant to deploy dapps on EOS mainnet and deploy them on tellos. That is actually one of the most interesting thing about telos.

- Telos is free for everyone, anyone can join the network, submit a good worker proposal, vote for worker proposals, arbitrators and block producer.

- The telos blockchain is scalable.

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Re: Overview Of The Telos Blockchain by teloswriter2: 12:49am On Feb 20, 2020
Please follow telos on twitter for more updates.
https://twitter.com/hellotelos

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Re: Overview Of The Telos Blockchain by Shimela: 7:17pm On Apr 28, 2020
Thank you for this wonderful piece of information.

It took me there!

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Re: Overview Of The Telos Blockchain by profdan01: 2:38pm On May 05, 2020
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