No data
What is TELOS?
At its core, Teloscoin is a Layer 1 blockchain network that harnesses the power of a Delegated Proof of Stake (DPoS) consensus algorithm. This architecture empowers it to meet the growing needs of modern decentralized applications, focusing on delivering three critical attributes: speed, security, and scalability.
The defining feature of Teloscoin is its impressive transaction processing capabilities. With a throughput of up to 10,000 transactions per second (TPS), it is engineered to facilitate rapid interactions while offering average gas fees of just one cent per transaction. Additionally, minimal energy consumption is a hallmark of the Teloscoin network, consuming only 0.00001 kWh per transaction— a statistic that aligns with contemporary calls for sustainable blockchain solutions.
Teloscoin is designed for versatility and flexibility. It features two layers: the native Telos layer for developers building smart contracts with programming languages like C++, and an Ethereum Virtual Machine (EVM) compatible layer that supports existing Ethereum-based tools and environments, accommodating developers familiar with Solidity and Vyper. Such compatibility broadens the developer horizon, fostering a diverse ecosystem of dApps.
For details, please read: What is Teloscoin?
