Telos

What is Telos?

Telos originated from a shared conviction among a small cohort of visionaries and creators who recognized the potential of blockchain. Their goal was to unleash true scalability and utility to address global needs. The Telos mainnet, initiated in 2018, was unique in that it lacked an Initial Coin Offering (ICO) or venture capital (VC) funding, ensuring the absence of concentrated team funds or early participant token unlocks.

Following the mainnet launch, the Telos Foundation and Telos Core Development Team expanded and adapted, allowing the project's direction and technological framework to solidify. In late 2021, the team introduced the Telos EVM to improve compatibility with existing applications, tools, and networks. This development laid the groundwork for Telos's transformation into a genuine Layer 0 network, facilitating the creation of new blockchains utilizing Telos Zero Consensus.

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Recent Video Interview

Main points of the interview:

• Telos's roadmap, zero-knowledge proofs, and AI integration.
• Telos's unique decentralization and community engagement.
• Telos's technological benefits, including half-second block times and fixed gas prices.
• Developer advantages and smart contract languages on Telos.
• Explained Telos token utility in governance and layer two expansions.

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Security and Transparency

Telos prioritizes security as a fundamental principle, recognizing that widespread adoption of cryptocurrencies and blockchain hinges on robust user protection. All technological developments undergo meticulous testing and security audits to ensure a secure environment.

The foundation of Telos is built upon fairness, openness, and transparency. Unlike many in the Web3 space, Telos upholds accountability by allowing its community, rather than a core team, to make major network decisions. Tokenomic changes, usually handled by a select group, are subject to transparent voting by TLOS token holders through the Telos Decide Governance Engine.

The Telos Community, a vital component, is considered the project's lifeblood. With a decentralized governance structure and a dynamic group of supporters, including skilled developers, over 200 organizational partners, and a substantial user base, Telos thrives in the hands of a talented, passionate, and engaged community.

Telos' Strengths

Telos stands unparalleled in terms of speed and scalability while maintaining unwavering reliability, boasting over 5 years of continuous runtime. Hyper-speed transactions characterize Telos, with the capability to process 15,200 transactions per second (TPS) and 1,826 swap TPS, surpassing all alternatives in the field.

Telos offers low gas fees, typically costing less than $0.001, enabling seamless participation across the entire ecosystem without concerns about prohibitive spending. The fixed-rate gas fees on Telos eliminate front-running, ensuring a fair and inclusive experience for all participants by preventing anyone from jumping ahead of others with a higher fee.

Remarkably, Telos has achieved zero downtime in its history, maintaining uninterrupted service despite hyper-speed transactions and widespread activity. With the approval of Telos's TEDP4 proposal, the network has evolved into a genuine Layer 0 solution, facilitating seamless interoperability across Web3 and ensuring ultimate scalability.

Telos distinguishes itself as one of the most energy-efficient blockchains globally, fully compliant with Environmental, Social, and Governance (ESG) standards.

Telos Team Background

The Telos team is comprised of experienced and dedicated individuals with diverse backgrounds, including builders, technologists, and business leaders. Their unified goal is to onboard the next 100 million users into Web3. Notable team members include Jesse Schulman, the CTO, who brings over a decade of experience in enterprise software and a strong background in Web3 engineering. Lee Erswell, the CEO, is a passionate advocate for Web3 and has a successful track record in the global DeFi ecosystem. With expertise in project management, operational efficiency, and strategic oversight, the team aims to accomplish the goals outlined in Telos's roadmap.

Some of Telos' main partners are: Elixir, Metamask, Ledger, LayerZero, Altura, and Swapcicle.

Telos Project Development

Telos introduced Telos Spark in December 2023 as a community-driven Web3 Accelerator, meticulously crafted to drive the advancement and adoption of decentralized applications on the Telos blockchain. Positioned as the platform for those ready to initiate a revolution, Telos Spark embodies the essence of the Web3 movement.

Telos Spark offers an exhilarating experience through:

• Community-Driven Revolution: Telos Spark goes beyond being a passive participant; it invites individuals to take center stage as star players. Developers, entrepreneurs, and enthusiasts collaborate to shape the destiny of decentralized applications on Telos.
• Mentorship by Experts: The program provides mentorship by experts who are not merely offering advice but are actively sparking a revolution. Renowned professionals from the blockchain and Web3 space are involved, guiding participants through the intricacies of their journey.
• Fuel for Innovation: Telos Spark doesn't just provide mentorship; it offers the financial fuel needed to propel selected projects with groundbreaking ideas into orbit, allowing good ideas to soar.
• Telos Blockchain Playground: Telos Spark utilizes the high-performance Telos blockchain as a sandbox for ambitious ideas. This ensures that projects receive the platform they deserve to develop and flourish.

Telos Price Analysis

As of November 24 2024 Telos has a marketcap of $82M. This is {{percentagefromath}} from its all time high of $1.43. In terms of its tokenomics, there's a total supply of 420M with 100% currently outstanding. Keep in mind Telos has a fully diluted value of $82M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.