TLOSTelos (TLOS) Price

1. Project introduction

Telos is a Delegated Proof of Stake (DPOS) Layer-1 blockchain network. It features compatibility for developers and provides an extensive suite of tools and onboarding support to develop and deploy smart contracts on the fast, scalable, and affordable Telos EVM.

The Telos Network is a real-world-ready blockchain. Through years of challenges, innovation, and web3 firsts, Telos has grown into a network capable of supporting the extreme demands of the decentralized world of tomorrow.

Launched in 2018 without an ICO and through a fair token distribution, the lead development team initially took the open source eos.io software and debuted a specialized version with additional layers of governance, tooling, and node configuration requirements. Through the years, the development team has continued to innovate based on the needs of builders and, in late 2021, launched the first bespoke/ground-up Ethereum Virtual Machine (tEVM), which runs using a smart contract on the native chain's quick finality and node infrastructure. The launch of the tEVM has given builders and users two networks, native supporting C++-based applications and the tEVM allowing for complete compatibility from any traditional EVM/solidity-based applications.

2. Application

TLOS is the native currency of Telos. The native Telos coin is vital for network governance and allocation of system resources, such as staking for annual returns in Resource Exchange (REX). TLOS is utilized to unlock network bandwidth to execute and interact with contracts, send tokens, and stake for network resources. TLOS is also used as the voting currency in on-chain governance.