Overview
Introduction
Telos is an open source platform built for launching decentralized applications with a variety of features.
A key difference between Telos and other decentralized networks is the consensus protocol. Over time, people have come to a false understanding that blockchains have to be slow and not scalable. The Telos protocol employs a novel approach to consensus to achieve its strong safety guarantees, quick finality, and high-throughput without compromising decentralization.
TELOS
TLOS is the native token of Telos. It’s a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the native network and EVM.
Telos Native Consensus Protocol
DPOS Consensus Protocol
Key Features
Speed
Uses a novel consensus protocol, developed by a team of Cornell computer scientists, and is able to permanently confirm transactions in under 1 second.
Scalability
Capable of 4,500 transactions per second–an order of magnitude greater than existing blockchains.
Security
Ensures stronger security guarantees well-above the 51% standard of other networks.
Flexibility
Easily create custom blockchains and decentralized apps that contain almost any arbitrary logic.
Sustainability
Uses energy-efficient proof-of-stake consensus algorithm rather than proof-of-work.
Smart Contract Support
Supports the creation of Solidity smart contracts and your favorite Ethereum tools like Remix, Metamask, Truffle, and more.
Private and Public Blockchains
Create your own public or private blockchains.
Designed for Finance
Native support for easily creating and trading digital smart assets with complex, custom rulesets.