What is Telos? All You Need to Know About TLOS

Telos (TLOS) is a high-speed blockchain platform for decentralized applications and smart contracts, focusing on scalability and user governance.

Zero Knowledge technology is a pivotal advancement for privacy in digital transactions, allowing for verification without revealing sensitive information. This innovation is crucial for blockchain’s evolution, balancing transparency and confidentiality. It enables secure, private services across various sectors, addressing key challenges in blockchain technology. Telos (TLOS) incorporates this technology, emphasizing privacy, scalability, and governance. By leveraging Zero-Knowledge proofs, Telos aims to lead in creating a more secure, efficient, and inclusive digital ecosystem, underscoring its role in the next generation of blockchain innovation.

What is Telos (TLOS)?

Launched in late 2018 by a collective of over 100 visionaries, Telos embarked on a mission to revolutionize blockchain technology with a focus on usability, scalability, and data protection. Without relying on ICO or VC funding, Telos achieved a fair token distribution, setting a precedent for decentralized network launches. This innovative approach allowed for developing a robust infrastructure that supports high-volume transactions and data integrity through Zero Knowledge (ZK) proof technology.

Telos made significant strides in blockchain performance by introducing the TelosEVM, the world’s fastest Ethereum Virtual Machine, capable of processing over 15,200 transactions per second. This development opened doors for over 100,000 solidity developers to create scalable and affordable real-world applications.

The foundation’s commitment to privacy and efficiency led to the launch of the Telos EVM in late 2021, marking Telos’s evolution into a Layer 0 network that enables new blockchains to utilize the Telos Zero Consensus. This transformation was underpinned by the Antelope.io source code, further enhanced by governance, tooling, and node configuration innovations.

Today, Telos stands as a leading blockchain network, ready for the demands of tomorrow’s decentralized world. With its unique blend of speed, security, and scalability, Telos continues to push the boundaries of Web3 technology, making it an essential platform for developers and users alike. The vision and continuous development of Telos, underpinned by its founders’ expertise and the strategic roadmap for 2024, highlight its ambition to be a cornerstone of blockchain infrastructure, vital for major platforms like Ethereum and beyond.

How Does Telos Work? EVM and Telos Zero

The Telos EVM is a pioneering force in the blockchain arena, redefining efficiency and accessibility for developers and users alike. Launched as a fully EVM-compatible blockchain, it showcases extraordinary capabilities, handling over 15,000 transactions and 4,000 complex swaps per second. This performance is verified by third-party sources, highlighting its unmatched potential in the blockchain ecosystem. With a groundbreaking block time of just 0.5 seconds and the absence of miners or mempool operators, Telos EVM addresses critical issues like front-running, ensuring a fair and transparent environment for all participants.

A key feature that enhances the Telos EVM’s utility is its bridging function, enabling seamless asset transfers between Telos Zero and Telos EVM or external networks. This interoperability is crucial for fostering a connected and efficient blockchain landscape. Furthermore, the native block explorers for both Telos Zero and Telos EVM provide invaluable transparency, allowing anyone to verify transactions and explore the network’s activity in detail.

At the heart of Telos EVM’s design is its smart contract architecture, built on the Antelope.io layer. This setup facilitates a smooth transition for developers familiar with Solidity or Vyper, requiring no modifications to their existing code. The EVM RPC plays a crucial role in translating native APIs to standard EVM RPC methods, ensuring compatibility with all EVM tools and wallets. Additionally, the forthcoming custom indexing will offer enhanced data capabilities, such as detailed token holder lists and NFT information.

Introducing fixed gas fees on Telos EVM is a game-changer, eliminating the possibility of transaction front-running and ensuring equitable access to the network’s resources. TLOS, the native currency, powers transactions on the EVM platform, with the RPC layer facilitating the execution of these transactions through the Telos Zero smart contract.

Telos EVM’s integration with Telos Zero marks a significant step forward in blockchain technology. By allowing users to bridge between networks, Telos not only enhances the utility of its ecosystem but also sets the stage for the next evolutionary leap with Telos Zero. This transition underscores Telos’s commitment to innovation, community governance, and the development of a blockchain that is truly scalable, secure, and sustainable.

Source: docs.telos.net

Telos Zero

Telos Zero marks a significant evolution within the blockchain landscape, acting as a foundational Layer 0 network with Layer 1 capabilities. This unique positioning allows developers to build new chains and dApps, leveraging the advanced Telos Zero consensus protocol for unparalleled performance and decentralized security. As the technological bedrock of the Telos Ecosystem, Telos Zero not only provides a high-performance foundation but also serves as the pivotal governance layer, ensuring a secure and decentralized environment for millions across various chains and Web3 platforms.

In the rapidly evolving multichain future, Telos Zero emerges as a critical infrastructure, enabling the creation and integration of diverse blockchains and dApps. By functioning as a core blockchain designed for scalability and interoperability, it addresses the pressing need for networks that can seamlessly connect and communicate across the broader blockchain ecosystem. This layer zero network distinguishes itself by offering the scalability and interoperability necessary for bridging with foreign network architectures, facilitating a more connected and efficient blockchain landscape.

Telos Zero’s introduction is not just a technical milestone; it symbolizes the project’s commitment to addressing the blockchain trilemma of balancing scalability, security, and decentralization. By integrating this layer with the existing Telos EVM, the ecosystem enhances its capability to support various applications, from gaming to finance, ensuring that Telos remains at the forefront of blockchain innovation.

Source: telos.net

Telos Use Cases

Telos’ robust ecosystem supports a wide array of applications, driving the adoption of blockchain technology across various sectors. Here are some key use cases of Telos:

• Decentralized Finance (DeFi): Telos provides a secure and scalable foundation for DeFi applications, enabling fast, low-cost transactions and innovative financial services without intermediaries.
• Gaming and NFTs: Leveraging its high transaction speeds and low fees, Telos is an ideal platform for blockchain-based games and NFT marketplaces. It offers a seamless user experience and new opportunities for creators.
• Enterprise Solutions: Telos offers customizable blockchain solutions for businesses, enabling transparent supply chains, secure data management, and efficient operations.
• Social and Governance Applications: The platform supports decentralized autonomous organizations (DAOs) and social networks, promoting community governance, voting mechanisms, and user engagement.

Through these applications, Telos is not just facilitating the transition towards a decentralized digital economy but is also pioneering the integration of blockchain technology into everyday life, demonstrating its potential to transform industries and empower communities worldwide.

What is the TLOS Coin?

TLOS is Telos’ native cryptocurrency, powering transactions and governance on the Telos blockchain. Its total supply counts 428 Million units, of which 378 Million (around 88%) are already in circulation (February 2024).

TLOS, the native cryptocurrency of the Telos blockchain, embodies a critical role in facilitating and governing the network’s operations. Created without an ICO or VC funding, TLOS emphasizes an ethical and fair distribution to avoid concentrated ownership. With a circulating supply of 378 million, a total supply of 428 million, and 174 million staked, TLOS’s tokenomics reflect a dynamic and engaged community.

The token serves various functions across the Telos ecosystem, particularly for Telos Zero users and developers:

• Governance & Voting: TLOS holders participate in on-chain governance, influencing crucial decisions and the direction of the network.
• Unlocking Bandwidth: Allocating TLOS helps users access additional bandwidth for smart contract execution and network utilization.
• Staking Rewards: Offering an APY of 8.29%, staking TLOS tokens rewards users for securing the network and locking their tokens for specified periods.
• Transaction Fees: TLOS pays for negligible transaction fees across Telos, ensuring affordable network access.

On Telos EVM, TLOS’s utility extends further:

• Gas Payments: TLOS covers transaction fees with a fixed gas price to prevent front-running and ensure equitable network access.
• Enhanced Staking: Beyond staking on Telos Zero, users can engage in staking on the Telos EVM, exploring liquid staking opportunities to diversify their Web3 portfolio.

The introduction of monthly gas fee burns in December 2023 positions TLOS towards becoming a deflationary asset, enhancing its value proposition over time. This strategic move, coupled with TLOS’s foundational role in transaction processing, governance, and network security, underscores its integral position within the Telos ecosystem. As a versatile token, TLOS enables a wide range of use cases, from DeFi and gaming to enterprise solutions and governance, driving Telos’s mission to deliver a scalable, secure, and user-centric blockchain platform.

Source: telos.net

Telos Main Features

Telos tackles blockchain challenges with features like frontrunning protection, arbitration mechanisms, and democratic on-chain governance, setting a practical foundation for secure and equitable decentralized applications.

Frontrunning Protection

Telos has implemented robust measures to mitigate frontrunning and miner extracted value (MEV) practices that can lead to user financial losses. Frontrunning, particularly prevalent in the form of Sandwich Trading, exploits pending transactions by manipulating transactions to profit at the expense of genuine buyers. This unethical practice is facilitated by bots or miners who, having access to the mempool, execute transactions with higher gas fees to preempt genuine transactions.

The Telos ecosystem, including Telos Zero and Telos EVM, addresses this issue head-on by enforcing fixed transaction costs and rapid block speeds, eliminating the incentive and ability for such predatory behavior. Block producers on Telos are held to strict governance standards, with any found manipulating transaction orders at risk of being blacklisted through on-chain governance mechanisms. This foundational approach to transaction processing not only fosters a fairer trading environment but also significantly diminishes the likelihood of frontrunning, ensuring the integrity and security of user transactions within the Telos network.

Arbitration

Telos introduces a formalized arbitration process through the Telos Arbitration Organization (TAO), which comprises a board of independently elected arbitrators via TLOS governance. These arbitrators are tasked with resolving disputes among Telos users, block producers, and smart contracts, functioning independently from the block producers to ensure unbiased adjudication. While the arbitration process is set to be fully operational by the end of 2023, it is designed to address significant network issues such as large-scale hacks or system failures.

The arbitration mechanism within Telos serves as a critical layer of dispute resolution, offering a structured approach to handling conflicts within the blockchain environment. The process involves submitting cases through a Dispute Arbitration Smart Contract (DASC), thorough review and evidence collection by the arbitrator, and ultimately, a judgment based on the evidence and the principles outlined in the Telos Constitution and smart contract terms. This arbitration framework underscores Telos’s commitment to maintaining a transparent, fair, and secure ecosystem for its users.

On-Chain Governance

Telos boasts an advanced on-chain governance system that empowers TLOS token holders to participate in the decision-making process of the network actively. This model allows for direct involvement in various governance activities, including electing block producers and proposing, drafting, and voting on initiatives to enhance the Telos ecosystem. The governance structure is designed to ensure a democratic and inclusive environment, where changes to the system contracts undergo thorough review and approval processes, including code reviews, block producer consensus, and community voting. The Telos Core Developers, funded by the chain, play a pivotal role in maintaining and developing the system contracts, with their performance and remuneration subject to community oversight. Moreover, the voting mechanism promotes a broad and informed participation base by inversely weighing votes based on the diversity of block producers voted for. This system not only encourages a deeper engagement with the governance process but also aims to reduce concentration and enhance the security and operational standards of block producers, ensuring a resilient and user-centric Telos network.

Is TLOS a Good Investment?

While TLOS boasts impressive capabilities, notably its claim as the world’s fastest EVM, highlighting swift and efficient transaction performances, potential investors are encouraged to conduct thorough research. The allure of speed must be balanced against the paramount importance of security within the blockchain domain. Before making investment decisions, it is crucial to consider whether Telos’ rapid advancements and performance metrics align with comprehensive safety measures, ensuring that its technological prowess does not compromise the essential foundation of security that underpins the trust and reliability of any blockchain network.

How to Own TLOS?

To own TLOS, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account, and get it verified and funded. Then, you are ready to go through the steps to buy TLOS.

News on Telos

Announced on Telos’s official blog on February 12, 2024, the Telos Foundation is integrating Oxya Origin into its Gaming Ecosystem, marking a significant collaboration that blends Telos’s advanced blockchain capabilities with Oxya Origin’s cutting-edge game development. This partnership is set to enrich the Telos platform with diverse gaming experiences, leveraging Oxya Origin’s success in raising 7 million USD and its strong community of over 200,000 Web3 gamers. By combining forces, Telos and Oxya Origin aim to revolutionize blockchain gaming, offering unparalleled speed, security, and a seamless experience for players, highlighting a new era in the intersection of gaming and blockchain technology.

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