EOSUK are proud to be supporting the launch of the new Telos decentralized EOSIO-based blockchain. Having already had experience on launching the
EOS mainnet we welcomed the chance to be part of this project which looks to solve a lot of the problems that have developed since the EOS mainnet launch. As they say hindisght is a wonderful thing!
Telos telosfoundation.io is responding to the critical need for a network where developers can affordably release commercial EOSIO DApps. Telos offers innovative solutions to problems currently plaguing the EOS mainnet: keeping RAM affordable (slower RAM release, and RAMprice stabilization), voting (inverse-weighted voting), block producer reliability (equitable pay, enforced minimum requirements, regular testing of standby readiness), and governance.
Telos will sustainably decentralize its network by capping whale accounts. Telos will start with the EOS ERC-20 snapshot but cap accounts at 40,000 TLOS tokens. This will affect less than 0.67% of all addresses while creating the most evenly distributed token ownership of all major blockchain. There is a simple process in place for exchanges to petition to have TLOS tokens created for all of their customers who held EOS tokens at the time of the EOS snapshot. Telos will have a money supply of approximately 330,000,000 tokens, meaning that each TLOS token will have three times the network equity of an EOS token.
Telos Fact Sheet
Telos offers cutting-edge approaches to running a stable, cost-effective EOSIO network for DApp deployment. Telos innovations may eventually be adopted by the EOS mainnet.
Telos is based on EOSIO code and will be compatible with EOS for DApp developers.
Telos gives new TLOS tokens to all EOS owners included in the original EOS snapshot.
TLOS tokens will be distributed 1:1 with EOS tokens, capped at 40,000 per address.
Telos has a documented process for exchanges to petition for new tokens to be printed for their customers (up to the cap amount) and list TLOS tokens.
Telos has a developer focus. RAM will remain affordable. DApps will not be forced to be open source.
Telos will designate a RAM fund to ensure the first 1 million new addresses will be free to create in order to aid rapid user adoption.
Telos includes two powerful tools to help stabilize RAM against speculation.
Telos enforces minimum requirements for all block producers.
Telos standby block producers must regularly prove their readiness by rotating into production 6 hours every 5 days. This helps ensure network resiliency. It also gives each of the top 21 block producers 12 hours off per week for scheduled maintenance.
Any block producer that fails to produce blocks in 30 minutes (180 blocks) is automatically replaced with a standby BP for 6 hours.
Telos will launch its mainnet with approved wallets, a valid Constitution, referendum voting, worker proposal process, and an arbitration process and body in place.
The Telos partners include: eosBarcelona – Spain, EOS Detroit – USA, EOSMetal –Iceland, EOS the World – Puerto Rico, EOS UK – England, EOS Van – Canada, goodblock(EOSAmericas) – USA, Infinitybloc – USA, keten.io (Dutch EOS) – Netherlands, SukeshTedla – Sweden, Telos Labs (EOS Socal)
The Telos testnet is currently live, with multiple block producer nodes. See it at
https://testnet.telosfoundation.ioFor more details check out the Telos White Paper, visit the website
http://telosfoundation.io or take a look on Telos social media page:
https://telosfoundation.io/https://twitter.com/HelloTeloshttps://t.me/HelloTeloshttps://www.youtube.com/c/TheTelosNetwork
