About Telos (TLOS)
Telos (TLOS) is the native currency of Telos blockchain and is used for acquiring resources for decentralized applications (dApps).
Telos network describes itself as a high performance L1 and the home to the fastest Ethereum Virtual Machine (EVM) available. Making use of Delegated Proof of Stake (DPOS) consensus, it is the the only blockchain to support the two leading standards EVM and EOSIO for smart contract development. These two technologies together make up the majority of the top dApps on popular tracking websites such as dapp radar.
Telos is built for speed and scalability making it the ideal network for mainstream adoption – Telos based Tokens NFT’s and Smart Contracts are already used for DeFi, Gaming, Social Media apps and many more use cases. Telos is home to over 100 distinct applications. These applications enjoy the networks speed (0.5s block times) and transaction rates (10,000+ TPS) but also the robust on-chain services that Telos provides for voting, sentiment, decentralized file storage, location and much more. The governance features used by Telos’ core system are available for dApp developers to include in their projects.
Is Telos A Good Investment?
Altcoin investments can be extremely risky. That is why it is crucial to evaluate both the token and the associated platform. Here are a few factors to consider before investing in TLOS:
–USPs: The Telos blockchain holds some unique selling points in comparison to competing layer-1 blockchains. Alongside increased speed and scalability, Telos removes some of the transactional front-running problems that commonly occur with the prominent layer-1 market leader – Ethereum. The issue of front-running is a problem that has caused many organisations and institutional investors to rethink crypto adoption, therefore, offering a solution to this may increase institutional uptake.
–Tokenomics: The total supply of TLOS coins is approximately 355 million, however, this is not a capped maximum. Although intended to be inflationary, this was changed in 2019. Now, unlike other blockchains, block producers are not rewarded with block rewards. Instead, they are rewarded from the Exchange Token Reserve Fund and subsequently the TLOSrecovery fund. Both funds are expected to last until 2024. By using these funds, the coin is currently not inflationary. However, subsequent to these funds running out, inflationary mechanisms may need to be reintroduced. The reward for block producers is currently set at 4.1 million TLOS coins per month.
–Competition: There are now tens of highly competitive layer-1 blockchains within the cryptocurrency industry. Each is competing to control market share which means that the Telos blockchain has its work cut out. The Telos blockchain will need to continually improve and innovate to stay ahead of the competition and take market share away from industry leaders, such as Ethereum and Solana.
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