Exchange Telos

Telos is a blockchain platform and cryptocurrency that aims to provide scalable, secure, and decentralized solutions for businesses and developers. It was launched as a fork of the EOSIO software, which is known for its high-performance blockchain architecture. Telos distinguishes itself by focusing on governance, sustainability, and community empowerment.

The Telos blockchain was founded by Douglas Horn, who is a software architect and blockchain entrepreneur. He was one of the key figures behind the creation of Telos. The development of Telos began in mid-2018, and it was officially launched in December 2018. 

Telos was created as a community-driven project to address some of the limitations and challenges faced by existing blockchain platforms, particularly in terms of governance, scalability, and sustainability. Douglas Horn and the team behind Telos believed that by leveraging the technology of EOSIO, they could create a blockchain network that prioritized decentralization, fairness, and innovation.

The Telos network offers features such as smart contracts, decentralized applications (DApps), and decentralized autonomous organizations (DAOs). It employs a delegated proof-of-stake (DPoS) consensus mechanism, where token holders vote for block producers who validate transactions and secure the network.

One of the key aspects of Telos is its emphasis on decentralized governance, which involves the Telos community in decision-making processes through on-chain voting mechanisms. This approach aims to create a fair and transparent system for managing the network's development and evolution.

The decision to create Telos was influenced by the desire to build a platform that could support a wide range of decentralized applications (DApps) and provide an environment where developers and users could interact without facing the scalability issues and governance concerns often associated with other blockchain platforms.

Developers can write smart contracts using programming languages such as C++ and WebAssembly (WASM). This allows for the creation of various types of DApps across different industries. 

Telos places a strong emphasis on decentralized governance. It employs on-chain governance mechanisms, such as voting, to enable token holders to participate in decision-making processes regarding the network's development and management.

Telos implements a resource management system to ensure fair access to network resources such as CPU and bandwidth. This system helps prevent network congestion and ensures a smooth user experience for DApp users and developers.

The Telos Foundation is an independent, non-profit organization that supports developing and promoting the Telos blockchain. It provides funding, resources, and guidance to projects and initiatives aimed at enhancing the Telos ecosystem. The foundation also plays a key role in community engagement and governance, helping to ensure transparency and accountability in the network's operation.

Telos Works is a platform built on the Telos blockchain that facilitates decentralized job matching and employment opportunities. It connects employers with freelancers and job seekers, enabling them to collaborate on projects and tasks transparently and efficiently. Telos Works leverages the decentralized nature of blockchain technology to create a trustless and secure environment for freelancers and employers to interact.

Telos Decide is a decentralized governance platform that enables token holders to participate in decision-making processes regarding the development and management of the Telos blockchain. It allows users to propose, discuss, and vote on various proposals, including protocol upgrades, funding allocations, and governance policies. Telos Decide aims to democratize governance and foster community involvement in shaping the future direction of the Telos ecosystem.

Telos hosts a variety of platforms and projects within its thriving ecosystem. TelosEVM stands out as one of its most renowned platforms, offering Ethereum compatibility along with unmatched performance, boasting over 15,200 transactions per second (TPS). With this exceptional throughput, TelosEVM provides a robust framework for more than 100,000 Solidity developers to create decentralized applications (DApps) capable of real-world scalability and affordability.

Alongside TelosEVM, Telos boasts two other platforms:

• TelosZero: This breakthrough platform operates as a consensus layer written in C++, achieving a remarkable performance of over 50,000 TPS. It represents a significant advancement in blockchain technology, providing enhanced scalability and efficiency.
• Telos ZKEVM: As an upcoming Layer 2 solution, Telos ZKEVM powers the K2-18 gaming platform, although its specific performance metrics are yet to be announced.

Telos platform's performance has been rigorously validated by Baylor University, ensuring its reliability and efficiency. Notable features of Telos include:

• No Front Running: Telos employs a first-in, first-out processing approach, aligning with the requirements of global exchanges like NASDAQ and NYSE.
• Advanced Governance: The platform supports on-chain amendment voting and foundation elections, facilitating decentralized decision-making processes.
• Regulatory Clarity: Telos was launched without an Initial Coin Offering (ICO), ensuring a fair start and minimizing regulatory risks.
• Secure Bridget: Layer Zero technology enhances security, safeguarding the network against potential vulnerabilities.
• Cost-Effective: Transaction fees on Telos start at less than $0.01, making it an affordable option for users and developers.
• Reliability: Telos boasts a remarkable track record of 100% uptime over five years, ensuring uninterrupted service for its users.

The Telos Foundation, backed by experts from leading institutions in both Web 2.0 and Web 3.0 sectors, including SpaceX, ServiceNow, IOHK (Cardano), ConsenSys, Decentraland, and Polygon, plays a pivotal role in supporting the Telos ecosystem's growth and development.

TLOS is the native token of the Telos network. TLOS is instrumental for transactions, governance, and liquidity within the network. In a move towards enhancing its value as a deflationary asset, the Telos community initiated monthly burns of gas fees starting in December 2023, further bolstering the token's utility and scarcity.

The Average Fees on Telos

The average transaction fees on the Telos blockchain are typically deficient, often starting at less than $0.01 per transaction. This affordability makes Telos an attractive option for users and developers seeking a cost-effective blockchain platform for various applications.

The low transaction fees on Telos are a result of its efficient architecture and resource management system, which ensures fair access to network resources while keeping costs minimal. Additionally, Telos' commitment to scalability and optimization contributes to maintaining low fees, even during periods of high network activity.

The TLOS token wallets 

The TLOS tokens can be held in numerous available crypto wallets, including Telos wallet, Trust Wallet, MetaMask, Ledger, imToken, Token Pocket, Torus, Coinbase, iToken Wallet, etc.