Kriptoks

Telos (TLOS) is a smart contract blockchain that operates on EOSIO software and utilizes Delegated Proof of Stake (DPOS) consensus. As the native currency of Telos, TLOS is used for various purposes such as acquiring resources for decentralized applications (dApps), voting for block producers, worker proposals, and election arbitrators, as well as other on-chain governance activities. The governance features used by Telos' core system are also available for dApp developers to integrate into their projects, making it easier for them to create decentralized applications that are user-friendly and easy to navigate.

One of the main advantages of Telos is its fast block times of 0.5 seconds, which is much faster than traditional blockchains. It also boasts high transaction rates of over 1000 transactions per second, which makes it suitable for a wide range of applications. Additionally, Telos offers free transactions to developers, which helps to reduce the cost of developing and deploying decentralized applications.

The Telos blockchain went live in December 2018, using a modified EOS genesis snapshot. The snapshot was the result of the EOS token sale and all accounts were capped at a maximum of 40000 TLOS. This resulted in a broad and relatively equitable initial distribution of approximately 300 million tokens among EOS genesis account holders. 18 million tokens were granted to the founders of the chain and 6 million to the Telos Foundation. As of now, the current supply of TLOS is 355 million and token inflation is 0%.

The team behind Telos is dedicated to providing a secure and reliable blockchain infrastructure for developers and businesses. The platform's fast block times, high transaction rates, and free transactions make it an attractive option for developers looking to build decentralized applications that offer a similar user experience to conventional applications. Additionally, the platform's governance features and the availability of its core system for dApp developers make it a great choice for creating decentralized applications that are user-friendly and easy to navigate.