Telos

Telos is a third-generation blockchain platform for building fast, scalable distributed applications with feeless transactions.

Since launching its mainnet in December 2018, the Telos network has been developed to power the economies of the future and provide human-scale solutions to global challenges. With these goals in mind, it includes innovative governance features that empower organizations to shift influence and decision-making to a more collaborative and transparent model.

Power the economy of the future, ignite the highest potential of humans.

A truly decentralized network operated by visionaries, technologists, builders, trail blazers and active stakeholders

The Telos ecosystem has been paving the way to Web 3.0 ever since the mainnet went live in 2018. Launching with no ICO or VC funding has allowed the network to grow in a truly decentralized fashion. Telos’ strong governance structure, complimented by a suite of powerful Telos Decide tools, empowers token holders. Telos is an open network, where everyone has an equal opportunity to contribute and impact to the direction of the chain.

A growing base

Telos is home to more than 30 core developers, over 50 validator teams, dozens of innovative products, complemented by 100s of active community contributors. The broader Telos community includes more than 900,000 user accounts on the network, over 6,000 followers on our Telegram groups and other social channels, and over 150 companies from over 180 countries,

Developers are working to build over 100 distributed applications on Telos as of early 2021, including the music rights-trading platform Zeptagram, gaming platform QUDO, Social media platform Appics, decentralized storage solution dStor and the payments system Sesacash.

Telos Features

The Telos ecosystem is growing at an exponential rate and has quickly amassed a slew of innovative features that give it a competitive edge over other platforms. It can be used as a full stack alternative or as a scaling solution depending on a projects needs.

Some of the many Telos advantages include...

For Developers

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Telos Ethereum Virtual Machine (EVM)

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Leading ESG Compliance (Environmental, Social, Governance)

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Telos Web Wallet

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A suite of innovative & competitive tools

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Equitable governance & arbitration

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100+ Applications & Integrations

For Tokenholders

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Strong tokenomics

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REX rewards APR 15% for staking

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Network Grants via Worker Proposal System

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Fee-less transactions

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10,000 Transactions Per Second, Pre-Sharding

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Environmentally friendly

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No front-running

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Low-cost dApp deployment.

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Proper economic decentralization

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Public testnet operated by BPs.

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Support for both Solidity EVM & EOSIO C++

TLOS token utility

The telos based economy has boomed over the last 2 years, there are over 100 projects building on the network and already over 900,000 user accounts, this is driving higher utility demand for the native token in a number of ways, an effect that should only increase in the future. Get a quick introduction to TLOS tokenomics below or learn more about TLOS Tokenomics here.

Staking

CPU

Bandwidth

Staker Rewards

Pay Fee’s

RAM - Contract Storage

Premium Name Space Bids

Governance

Producer Voting

Work System Voting

Network Admendment Voting

Liquidity

Exchange / AMM Swap Pool Liqudity

Currency

CPU

Emerging form of paymentStaker Rewards

Advantages of Telos DPoS

To the extent that performance is always a priority for developers, the Delegated Proof of Stake consensus method utilized by Telos is worth particular attention here. DPoS carries some big pluses for developers, including:

# 1 Transactional Speed and Validator Accountability

Telos has 21 “active” validators that are voted in by Telos token holders and are charged with maintaining the network. Other validators are called “stand-by” validators and are paid to serve as a back-up to the top 21. Any of the standby validators can be voted into the top 21 at any time by Telos token holders with elections taking place roughly every 2.5 minutes. Conversely, the top 21 can be voted out of the top 21 at any time as well. Telos has standby validators automatically rotated into the top 21 periodically to give their operation a chance to produce blocks and prove their readiness.

Telos has 0.5 second block times (24x faster than Ethereum)

The Telos blockchain automatically rotates in standby validators to test their readiness

Telos validator elections take place roughly every two and a half minutes.

The additional validator accountability on the telos blockchain measures include:

Automatic kicks from the schedule for failing to produce blocks handled by smart-contract.

Consensus-driven kicks for failing to comply with validator minimum requirements and the validator registration agreement.

#2 No transaction fees incentivizes user adoption

On proof-of-work (PoW) chains, such as Ethereum, users must pay a transaction or “gas” fee for every action on the network. So, for example, if a user was to ‘like’ or ‘share’ a post on a dApp which was built on a POW network, a ‘gas fee’ would charge for that single action on the blockchain to the user. With the internet offering free access to many resources, this gas fee hinders widespread adoption. This is because users are used to using centralized applications which usually do not charge users for doing basic tasks or transactions.

The Telos Blockchain Network solves this problem for dApp developers by allowing applications to stake resources (in this case, TLOS) for their users. Thus, an application can purchase or rent the amount of TLOS that their users need and remove the burden of transactional fees from their particular application. This allows for a free and frictionless experience for the application users. If application developers do not want to stake resources for their users, users can stake resources themselves. This allows them to use applications without a per-use cost. No transaction fees – coupled with fast transaction speeds – mean that users will not even know they are using an application built on top of a blockchain.

#3 Unparalleled Speed and Scalability

Delegated proof of stake allows Telos superior scalability when compared to traditional proof-of-work networks. Currently, the Telos blockchain can process over 10,000 transactions per second, and that capacity grows with code updates, sidechains, and other growth mechanisms. This kind of transactional speed puts Telos on par with centralized entities such as Visa and Mastercard and their ability to process thousands of transactions.