Getting to know Blockain Telos
Telos is a decentralized blockchain that was released in 2018, one of the attractions of this is the elimination of intermediaries for transactions between users, which saves a lot of time and effort when making any financial movement. By studying the definition and characteristics of this blockchain I can say that it is shown as one of the most reliable options in terms of blockchain in the future, because, in its constitution its developers have been responsible for creating an anti-monopoly or anti-whale system, which benefits small investors by not allowing a single large investor called whale (the name by which it is known in the world of cryptocurrencies) who has all the power on the platform.
Source:
Another important aspect for which I consider that the future of this platform is promising is in the security it provides to users or as they are called in Telos the block producers (BP), because, in:
Telos has created exclusive contracts for the BPs.
Where each one has the responsibility to comply with and guard the security of the block created, in this sense, for those who violate any of the norms and rules, sanctions and enforcement methods are applied. From my point of view, by making each BP responsible for the block created and its transactions, it is possible to reduce the bifurcations of the blocks that originate the failures that result in scams.
It has arbitrators around the world who are elected by the Token Holder.
In this case the arbitrators are the ones in charge of making decisions in cases of conflicts between users and the blockchain. The arbitrators are governed by the Telos Blockchain Network Arbitration Rules and Procedures (TBNARP). In this regard, the platform's website https://www.telos.net/about explains that it has validators who are voted by those who hold Telos tokens, these validators are rotated and voting for them occurs every 2.5 minutes, this to ensure the reliability of the system.
Source:
Another attractive feature of Telos Blockchain.
Is that it does not charge transaction fees, as an incentive for its use. On the other hand, in order to maintain the ecosystem, a fee is charged in TLOS, which is nothing more than an investment made by the app developers, not the users, since the transactions are free for the users.
Speed and scalability.
Are shown as not only distinctive but also important features in the Telos Blockchain due to the fact that, at the time of the task, it was pointed out in the platform document that it could perform 10,000 transactions per second with an increasing increase in code updates, sidechains and other mechanisms that make this platform buyable in the generation and approval of transactions like those that occur in the centralized chains of credit cards.
Source:
All of the above allows us to think that this platform has not only entered the blockchain world to stay but also to completely transform the way in which operations were being carried out on different platforms, offering users new alternatives in security, speed and economy.
