Telos (TLOS) news

What is Telos (TLOS)?

TLOS, or Telos, is a cutting-edge Ethereum Virtual Machine designed for Web3 that offers scalability. It is a third-generation blockchain platform that is feeless and ideal for creating fast, scalable distributed applications. The platform's goal, according to its website, is to revitalize the economy of the future and unlock the full potential of humanity. With the help of the platform, visionaries, technologists, builders, trailblazers, and active stakeholders operate a fully decentralized network.

How does Telos (TLOS) Work?

Telos is a platform that is rapidly expanding its ecosystem and has accumulated a host of new features that give it a competitive edge over other platforms. It can be used as a full-stack alternative or as a scaling solution depending on the project's needs. The Telos Blockchain Network helps DApp developers by allowing them to stake resources on behalf of their users, which removes the transactional cost load from their application. Telos has been paving the road for Web3 since its mainnet launch in 2018, and it claims to have flourished in a fully decentralized manner without any ICO or VC funding. Token holders are empowered by Telos's strong governance structure, which is complemented with a suite of sophisticated Telos Decide tools. Telos is an open network where users have an equal chance to contribute and influence the chain's path. The team aims to develop over 100 distributed applications on Telos, including the Zeptagram music rights trading platform, QUDO gaming platform, Appics social media platform, dStor decentralized storage solution, and Sesacash payment system, along with a complete list of Telos's DApps.