What are the technical specifications of the Telos (TLOS) coin blockchain?

Telos' Delegated Proof-of-Stake consensus mechanism and 0.5-second block time enable near-instantaneous transaction confirmation times, boosting network performance.

Dec 22, 2024 at 04:55 am

Key Points:

• Consensus Mechanism: Delegated Proof-of-Stake (DPoS)
• Block Time: 0.5 seconds
• Transactions per Second (TPS): 10,000+
• Scalability: Horizontal and vertical scaling capabilities
• Data Storage: InterPlanetary File System (IPFS) and Telos X

Technical Specifications:

1. Consensus Mechanism

• Delegated Proof-of-Stake (DPoS): Telos employs a DPoS consensus mechanism, similar to EOS, where 21 block producers (BPs) are elected by TLOS token holders to validate and create new blocks.
• Election Process: Token holders stake their TLOS tokens to vote for the BPs they believe are most capable of running the network effectively. The top 21 voted BPs become the active block producers.
• Block Production: BPs take turns producing blocks, ensuring a fast and efficient consensus process. This eliminates the need for energy-intensive mining, reducing transaction latency and costs.

2. Block Time

• Telos achieves a lightning-fast block time of 0.5 seconds, one of the lowest among blockchain networks.
• This rapid block production enables near-instantaneous transaction confirmation times.
• Due to the DPoS consensus mechanism, block production is highly reliable and consistent, ensuring predictability and scalability.

3. Transactions per Second (TPS)

• Telos boasts a high transaction throughput, capable of processing over 10,000 TPS.
• This scalability allows for a significant volume of transactions to be processed efficiently without compromising latency or security.
• Telos is designed to handle the increasing demand of decentralized applications (dApps) and enterprise use cases.

4. Scalability

• Horizontal Scaling: Telos supports horizontal scaling through the use of sidechains. Sidechains are independent blockchains that are connected to the main Telos chain but operate in parallel.
• Vertical Scaling: Telos also incorporates vertical scaling capabilities through software optimizations and hardware upgrades. This allows the network to handle increased transaction volume by enhancing the efficiency of the existing infrastructure.

5. Data Storage

• InterPlanetary File System (IPFS): Telos integrates with IPFS to provide secure and distributed data storage.
• Telos X: The network also utilizes its own distributed storage platform, Telos X, which offers decentralized and scalable storage solutions for dApps and enterprises.

FAQs:

1. Is Telos scalable?
Telos offers both horizontal and vertical scaling capabilities to accommodate increasing transaction volume and user demands.

2. What is the consensus mechanism used by Telos?
Telos employs a Delegated Proof-of-Stake (DPoS) consensus mechanism to validate and create new blocks.

3. What is the block time of Telos?
Telos has a rapid block time of 0.5 seconds, ensuring near-instantaneous transaction confirmation times.

4. How does Telos store data?
Telos leverages InterPlanetary File System (IPFS) and its own decentralized storage platform, Telos X, for reliable and distributed data storage.

5. Is Telos secure?
Telos implements a multi-layered security framework, including proof-of-stake consensus, encryption protocols, and regular security audits, to protect the network and user funds.