What is Telos?
Telos is an open finance network and third-generation public blockchain built on EOSIO open-source blockchain platform. The Telos Network is building the ultimate web 3.0 stack to provide developers and entrepreneurs with tools to succeed in the decentralized internet economy. Validator nodes on the Telos blockchain are elected by stakeholders via Delegated Proof-of-Stake (DPoS) consensus algorithm. Telos Decide is the flagship chain-level governance engine of Telos Network, designed for ease of integration allowing DApps and DAOs to implement robust governance. Telos blockchain boasts a 0.5 second block time and is the first network compatible with both EOSIO C++ smart contracts, as well as solidity based Ethereum Virtual Machine (EVM) smart contracts. Developers can deploy high performance Ethereum DApps using TelosEVM. Telos dStor is a decentralized cloud storage platform to providing fast reliable file access from anywhere in the world. Storage node operators earn TLOS native utility token for providing storage and bandwidth, with the option to route earnings through Telos decentralized exchange (DEX) TSwaps pools, converting into other Telos-based tokens such as pETH, pBTC, or TLOSD. TLOS token is also available on the Ethereum ERC-20 standard. In Q3 2021 Telos will release Telos ID, a decentralized digital identity solution, and Telos Private, a decentralized side chain solution to allow for "zero knowledge proofs" (ZK) private transactions. Telos Location service enables cryptographically provable proof-of-location using Telos blockchain by paying users to do "location mining" to create a web of decentralized location data. Telos is focused on bringing speed and scalability to decentralized finance (DeFi) by offering an energy efficient blockchain and powerful tools for developers and entrepreneurs to build, deploy and run high-performing applications with their own blockchain-based digital economies.
