Personal Crypto's Review- Understanding The Telso Blockchain - The Token (TLOS) And The Use Cases
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Telos Blockchain in my perspective, will undoubtedly take over the cryptocurrency market in the following years. Why'd I say something like that? It's indeed arguably one of the world's most scalable blockchains, with extremely cheap transaction fees and lightning-fast transaction speeds. A tech like this would undoubtedly supplant existing blockchains, including as Bitcoin, Ethereum, and others, that are plagued by scalability issues, resulting in high transaction fees and sluggish transaction speeds. Telos blockchain is the next-generation blockchain.
Introduction
The Telos Blockchain was launched three years ago. It has managed to establish a recognised position in the crypto industry in less than three years. Many individuals feel Telos blockchain is exactly what the crypto industry has been waiting for, and that its unique features will lead to cryptocurrency's widespread adoption. When Telos blockchain was integrated into the DeFi ecosystem, we noticed a significant increase in the number of individuals using it.
Telos blockchain is a third-generation blockchain, with its primary goal prior to release was always to solve existing blockchain flaws, which is why I believe it is truly the blockchain of the future. Telos Blockchain has a few qualities that make it the best blockchain for me, and I'd want to share them with you. They are as follows:
Fast Transaction Processing
Scalability
Low Transaction Fee
Fast Transaction Processing: Picture a blockchain that can process 10,000 or more transactions per second. Isn't it ludicrous? Telos Blockchain, on the other hand, can process more than 10,000 transactions per second, and its developers predict the system to handle even more in the future.
Scalability: Telos Blockchain is more very scalable, every 0.5 seconds, it produces new blocks, which is ridiculous. It takes 3 seconds for STEEM to generate a new block, which is incredibly scalable. On the other hand, Bitcoin and Ethereum take 10 minutes and 15 seconds to complete, respectively. Because of its scalability, the Telos blockchain has the potential to bring cryptocurrencies to the masses.
Low Transaction Fee: Its transaction fees are now quite low when compared to other blockchains (for the time being). Well, you may wonder why I said for the time being. The reason for this is because TLOS, the Telos Blockchain's native currency, is currently fairly cheap, but it will undoubtedly rise in price in the future, raising transaction costs along with it. In comparison to other blockchains in the DeFi ecosystem, it presently has one of the lowest transaction fees.
The Telos Blockchain Token (TLOS)
TLOS is the token of the Telos Blockchain. In the foreseeable future, I believe TLOS will be more valuable than BNB.
Note this is not financial advice; it is simply my opinion on the future of the TLOS token.
TLOS has had a 500% increase in price in the 2022 (90 days), from $0.446 to $1.43, and I believe this is simply the beginning of this fantastic token's incredible adventure.
The Token Use Cases
The coin has excellent use cases, which will increase its value in the future. The following are some of the applications for this fantastic token:
The token being used to pay transaction fees for transactions on the blockchain.
Owing a large number of tokens allows you access to the blockchain's governance, including the ability to vote for witnesses, propose ideas, and even approve or deny proposals from the chain's developers.
Individuals earn interest by lending their tokens to others, among other things.
| Current price | $0.8002 |
|---|---|
| Market Cap | $216,139,520 |
| Rank | #271 |
| ATH | $1.43 |
| ATL | $0.009753 |
| Circulating Supply | 270,123,443.84 TLOS |
| Total Supply | 355,208,371 TLOS |
Exchange Traded
After reading this far into the post, I'm sure the majority of readers will be wondering where they can get this token. Don't worry, I've got you covered. Kucoin Exchange, Gate.io Exchange, PancakeSwap, 1inch Exchange, UniSwap, Probit Global Exchange, and Newdex Exchange all have this token.
The cryptocurrency has yet to be listed on Binance or Coinbase, and its price remains unchanged; but, once it is, expect a massive spike in the token's value.
Disclaimer: This is not financial advise; please before investing in any coin, conduct your own research. This is my personal review and the post is just for entertainment and educational purposes.
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Hi! Thank you very much for your article and reviewing Telos but the title has a typo error, is Telos not Telso. Thank you, Patricia from Telos Foundation.
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