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The crypto industry has skyrocketed, attracting newcomers to trading, in general, as well as professionals from crypto and traditional finance alike. However, these professionals often have years, or even decades of experience more than the newcomers, which puts novice traders at a disadvantage.
However, with the whole idea of crypto being focused around decentralization, the sense of community, opportunity, and the chance to take control of the wealth, there are also platforms that aim to make things easier on the newcomers, specifically designed to help them get started and achieve visible results quickly. One example is Telos, which now features Telos EVM — the most powerful and scalable non-Ethereum Smart Contract platform available today.
What Is Telos And How Can It Help?
Telos is a project that aims to deliver speed, scalability, and governance while being energy efficient and offering low prices of transactions. In essence, its goal is to become a go-to platform for development, and eventually, be the network that will lead the crypto industry to mass adoption.
Obviously, to achieve such feats, it will have to be user-friendly, convenient, and capable at the same time. In other words, it has to think about customer satisfaction. While this is a difficult mix to achieve in practice, the project has somehow succeeded in doing it, and is now already a rising star in various sectors, including NFTs, smart contracts, DeFi, blockchain-based gaming, and social media apps, and more.
At the time of writing, there are well over 100 different projects that are building on its network, and for Telos — this is only a start.
As a project focused on the community, Telos is 100% decentralized. It has around 50 validators who are in charge of running the network, and all of them are elected by the community of token holders, which grants them the power to participate in this, and similar aspects of running the project.
The community is decentralized itself, with its members coming from all continents, and very likely also from all countries across the world. This dedication to decentralization is actually believed to be one of the reasons why Telos is such a successful project, and why it is progressing as quickly as it is. That, and the fact that it can generate blocks for all of the most popular dApp languages.
Introducing Telos EVM — Telos’ Greatest Strength
Out of all of its products, Telos’ biggest asset is Telos EVM — the first non-Ethereum fork that is generating Vyper and Solidity-based smart contracts, while being completely separate from Ethereum Layer 1 environment. As such, the project is Ethereum’s competitor, and its major goal is to reach the same level of diversity and number when it comes to the dApps available on its network.
Of course, the technology of the project is far superior to that of Ethereum — Ethereum’s speed cannot compare to that of Telos, and neither can the starting capacity, capacity potential, or the energy required for all of it to work.
Telos comes with a number of advantages and solutions to some of the most common but also most stubborn issues in crypto. It offers the best EVM via benchmark, and it came up with the solution for the Front running issues. It is also the first EVM that is not an L2 or Ethereum fork. It is still heavily undervalued compared to its utility, and its technology is far beyond Ethereum’s capabilities — even above what Ethereum 2.0 will be able to accomplish.
In fact, if the project’s network can be compared to anything, that might only be Cardano. But, with Cardano’s slow progress, its smart contracts are not even out yet, which means that Telos is already in the lead.
Telos is one of the most promising projects of the newest generation of crypto/blockchain sector, and as such, it stands to revolutionize the way trading, development, and technology itself are being used. It comes with a number of advantages that make it significantly more competent and efficient than the current industry leaders, such as Ethereum. All it needs now is for its capabilities to be recognized and utilized, which is where its community and developers come in.
With a little time and effort, it might become the go-to project for any kind of dApp or DeFi development, as it currently stands high above any competition among its own generation, as it rapidly surges to overtake the traditional, but outdated industry leaders.
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