Telos (TLOS)
Telos is a blockchain-powered networked ecosystem designed to facilitate the future economy. Since its inception, Telos has distinguished itself as a leading blockchain platform, noted for its high transaction volume and robust suite of on-chain services.
History of Telos
Launched in 2018, Telos was developed to offer a scalable and efficient blockchain solution. It quickly gained traction in the blockchain community, establishing itself as the second most used network by transaction volume for over two years, according to Blocktivity, an independent blockchain analyst. Telos's rapid adoption and growth are indicative of its strong technological foundation and the appeal of its decentralized services.
| Ticker | TLOS |
| Category | Cryptocurrency |
| Website | https://telos.net |
| @HelloTelos | |
| Telegram | HelloTelos |
| https://www.reddit.com/r/telos/ |
The Telos ecosystem
The Telos ecosystem is home to a diverse array of applications and services, attracting a variety of companies and projects. Over 100 decentralized applications (dApps) operate on the Telos blockchain, leveraging its advanced features and capabilities. Some of the notable companies and applications utilizing Telos include Taikai, Qudo, Qubicles, Appics, Wordproof, Seeds, Zeptagram, and NewLife. These applications benefit from Telos's comprehensive suite of on-chain services, which support functionalities such as voting, sentiment analysis, decentralized file storage, and location services.
How Telos works
The TLOS token
At the core of the Telos network is the TLOS token, which serves as a representation of ownership and utility within the ecosystem. TLOS tokens are integral to the network's operations, as they are used for staking resources such as CPU, RAM, and REX lending. This staking mechanism ensures that users and developers have the necessary resources to power their applications and services on the Telos blockchain.
On-chain services
Telos provides a wide range of on-chain services that enhance the functionality and user experience of its dApps. These services include:
- Voting and governance: Telos offers decentralized voting mechanisms, allowing communities and projects to make decisions in a transparent and democratic manner.
- Sentiment analysis: The network supports sentiment analysis tools to help projects gauge user feedback and engagement.
- Decentralized file storage: Telos provides secure and efficient storage solutions, enabling applications to store data in a decentralized manner.
- Location services: The platform offers location-based services, enhancing the capabilities of applications that require geolocation functionalities.