Cryptocurrency Q&A
What does the Telos platform use?
What does the Telos platform use?
Caterina
Sun Jul 21 2024
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6
answers
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As a keen observer of the cryptocurrency and finance landscape, I'm curious to understand the underpinnings of the Telos platform. Could you elaborate on what technologies or frameworks it utilizes? Is it built on an existing blockchain infrastructure, or does it boast a unique codebase? Additionally, what kind of consensus mechanism does it employ to ensure the integrity of its network? And lastly, are there any specific features or advantages that set Telos apart from other similar platforms in the market? Your insights would be invaluable in my understanding of this intriguing project.
6 answers
ThunderBreezeHarmony
Tue Jul 23 2024
This algorithm ensures the network's security and efficiency by allowing a select group of stakeholders, known as delegates, to validate transactions.
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SamuraiWarrior
Tue Jul 23 2024
The Telos blockchain adopts a unique consensus mechanism known as Delegated Proof-of-Stake (DPoS).
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Giulia
Mon Jul 22 2024
Despite its industry-leading speeds, Telos maintains very low commission rates, making it an attractive option for both individuals and businesses seeking to utilize blockchain technology.
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KatanaBlade
Mon Jul 22 2024
The DPoS system of Telos enables it to achieve remarkable transaction speeds.
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DongdaemunTrendsetting
Mon Jul 22 2024
Specifically, the blockchain can conduct over 15,200 transactions per second (TPS), setting it apart from many other blockchains in terms of scalability.
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