Telos (TLOS)

Basics

• Started in:
• Mainnet release: 12-12-2018
• Based in:

History

• EOS fork that will airdrop 40k TLOS to each individual who bought into the EOS ICO. "Telos has added a number of innovations that ensure potential BPs are actually ready to serve, but its most notable reform was made in its genesis block, where Telos capped every account’s token holdings at 40,000, thereby curtailing the power of whales on the network."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Launch

• From Crypto Briefing (7-6-2020):

"Telos never held an ICO and has been a community-driven bootstrapped project since inception."

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: EOSIO software

• Consensus mechanism:
• Algorithm:
• Virtual Machine: has an EVM (12-4-2022):

"Unlike other scalable EVMs, Telos EVM is not just a fork of the original Go Ethereum code. It’s an entirely new EVM redesigned from the ground up to take full advantage of the power that Telos technology has to offer."

• Development language:

Transaction Details

• Capacity (TPS): Up to 10,000 Transactions/Second and 0.5 Second Block Times (12-4-2022)
• Latency:

Oracle Method

• Is integrating DIA oracles (12-4-2022).

Their Other Projects

NFTs

• From CoinDesk (4-1-2021):

"Launched non-fungible crypto tokens (NFTs) that perform similarly to U.S. Treasury bonds, allowing cryptocurrency projects to sell tokens that are locked until maturity. The "T-Bond" NFTs can be sold or traded on secondary markets or used as a yield hedge for tokens offering staking rewards, said Telos in a press release."

Roadmap

• Can be found [Insert link here].

Usage

Projects that use or built on it

• Angry Warlords and BLOX, both gaming apps.
• From Crypto Briefing (7-6-2020):

"With governance credentials that rival those of Tezos, Telos has also attracted several dApps for social good in its first year. Sesacash allows cross-currency conversions in Africa. Seeds is an experiment in regenerative money that incentivizes people to behave in environmentally-friendly ways. And, finally, Murmur, a blockchain-based social network, recently switched from EOS to Telos to take advantage of lower-cost transactions."

Team, Funding, Partners

Team

• Full team can be found [here].
• Whitepaper author: Douglas Horn (now founder of block producer, GoodBlock).

Funding

Got $1M in funding from Presto Labs, an Asian based trading fund (8-5-2024). Seemed to have been months in the works.