Understanding Telos Blockchain

over 2 years ago

Hello everyone, hope you all are doing good? This is an exciting article, which promises to be informative and also educative, do well to read through, as you will definitely gain 1 or 2 useful information from this article.

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My personal opinion about Telos Blockchain, is that, it will surely take over the world of cryptocurrency, in coming years. Why would I say that? It is currently one of the most scalable blockchain in the world, it charges very low fees and it has a lightning fast transaction speed. A gem like this will surely take over other blockchains, such as Bitcoin, Ethereum and others, that is suffering from scalability, which results to high transaction charges and slow transaction speed. Telos blockchain is the blockchain for the future.

This amazing blockchain was launched almost three years ago, December 2018. In just less than three years, it has been able to put itself in a recognizable place in the crypto world. Many people believe Telos blockchain is what the crypto world has been waiting for, because of it's unique feature, it might lead to the mass adoption of cryptocurrency. We notice a great increase in the volume of people in Telos blockchain, when it integrated into DeFi ecosystem.

Telos blockchain is a third generation blockchain, as it's purpose of existence is improve on the shortcomings of the blockchain already in existence, before it's launch, and that's why I believe it is truly the blockchain for the future. There are some unique features of Telos Blockchain which makes it the best blockchain for me and I will like to share with you all, and they are;

Scalability
Transaction Cost
Speed Of Transaction

Scalability: Telos blockchain is the currently the most scalable blockchain in the world. It generates new blocks every 0.5 seconds, that's totally insane. Steemit which quite very scalable, takes 3 seconds to generate new block. Bitcoin and Ethereum on the other hand, takes 10 minutes and 15 seconds, respectively. Telos blockchain has the capacity and capability to take cryptocurrency mainstream, because of it's level of scalability.

Transaction Cost: It's transaction cost when compared to other blockchain is quite low for now. Alright, you may ask why I said for now. The reason why I said so, is that, the native currency of the Telos Blockchain, TLOS, is quite low in price now, but in future it will definitely increase in price and the cost of transaction will also increase alongside. Judging by it's cost of transaction currently, it is one of the lowest as compared with other blockchains in the DeFi ecosystem.

Speed Of Transaction: Telos blockchain has the fastest speed of transaction in the world currently. Can you imagine a blockchain capable of processing over 10,000 transactions per second? That's seems impossible, right? Well, not for Telos Blockchain, as the blockchain is capable of processing more than 10,000 transactions per second and they(devs of the Telos) believe the chain will be capable of processing even more transactions than it currently is, in the future.

The Telos Blockchain marvels me with it's incredible usability, scalability, speed and low transaction fees. This blockchain will take the world by surprise soon enough.

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What do you hope will happen to the Tlos token?

Telos Blockchain native token is called TLOS. I believe the TLOS will be more valuable than BNB in the nearest future. Please note, this is not a financial advice, this is my thought about the future of TLOS token and nothing more.

Just this month alone, TLOS noticed a whopping 500% increment in it's price, from $0.2 to $1 and I believe, this is only just the beginning for the amazing journey of this superb token.

The token has superb use cases which will make the token even more valuable in the future. Below are some of the use cases of this amazing token and they are;

It is used to pay for transaction fees for transactions carried out on the chain.
Possession of a huge sum of the tokens, grants you access to the governance of the blockchain, such as, having more vote power to vote for witnesses, make suggestions and even approve or disapprove proposals from the devs of the chain.
Users can earn interest through lending of their tokens and more use cases.

As you can see already, they are good use case of the token already and I strongly believe, there will be more and more lucrative use case for this token in the nearest future, and that will influence the price of the token positively.

Currently, the TLOS token is worth about $0.84, as at the moment of me writing this article. The token is currently ranked number 266, with a market capital of over $227 million. It rose to it's all time high on September 10, 2021(9 days ago) which was $1.02. It fell to it's all time low on December 5, 2021(9 months ago), which was $0.009753. TLOS token has no maximum supply yet, as it has not yet been disclosed to the general public. It has a total supply of 355,208,371 TLOS and circulating supply of 270,123,444 TLOS.

I know most people will already be asking the question, where can I buy this token already, having read the article so far till this extent. Don't worry, I gat you. You can get this token on Kucoin Exchange, Gate.io Exchange, PancakeSwap, 1inch Exchange, UniSwap, Probit Global Exchange and Newdex Exchange. The token is not yet listed on Binance and Coinbase yet, and the price is still at this rate, once it does, expect a huge increase in price of the token.

Disclaimer: This is not a financial advice, kindly do your own research before investing in any token. This is an educative and informative article and not a financial article

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