Telos, a High Performance, Multi-Chain Layer 1 DPoS Blockchain

On this episode, Aaron Mangal interviews Justin Guidici, Co-founder for the Telos (TLOS) Network and CEO of the Telos Foundation.

Justin Guidici, Telos Network Co-founder

Telos aims to provide fast, scalable infrastructure and feeless transactions plus smart contract “DApp” functionality. The value proposition improves on problems with many Layer 1 Blockchains like Bitcoin (BTC) and Ethereum (ETH).

Blockchains like Ethereum and Bitcoin Have Traffic Jams When Busy

Often called “Layer 1” Blockchains, these are like the main superhighway that most people use. “Layer 2s” are smaller side streets that help reduce traffic from Layer 1s.

You may remember issues with Ethereum and various NFTs like Crypto Kitties which ultimately jammed up the network and caused fees to balloon sky-high.

This has caused Layer 2 solutions like Polygon (MATIC) to emerge for minting NFTs and domains on Unstoppable Domains for free.

Telos marries High Performance and Multi-Chain Functionality with Simplified Developer Tools

Originally launched in 2018 by about 150 community members with no ICO or VC funding, and is considered by most to have been a “fair launch”.

Telos aims to improve on both governance (management) and performance compared to the current Blockchain technology available.

They prioritize empowering DApp developers, who have often been an afterthought, which led to a lack of reliable tools and code for them to work with.

Telos also improves functionality on Ethereum with their Ethereum Virtual Machine (EVM) which runs more efficiently on the Telos Blockchain.

They were even acclaimed by the ETH community for finding a mission-critical bug on Ethereum and providing a top-performing EVM.

Inter-Blockchain Communication (IBC) Protocol Will Bring a Multi-Chain Universe

The implementation of the Inter-Blockchain Communication (IBC) Protocol specifically for Antelope.io was recently released and is working now.

The goal is to use this technology to create a unified experience across all Blockchains.

While these tools are brand spanking new and will take time to be perfectly polished, this is a great development in what has traditionally been a siloed and fragmented Blockchain environment.

This means the ability to build and “travel” seamlessly between various Blockchains. This is a great time to be involved in the Crypto space, despite some negative opinions from the public.

Hope you enjoy the show!

~Aaron

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After listening to this show you will learn:

What is a Delegated Proof of Stake (DPoS) based Blockchain and how it compares with Proof of Work (PoW)
The purpose of having fewer validators of transactions
Why EOS.io failed to grow under Block One
How the Antelope.io (formerly EOS.io) community formed a coalition of 4 key Blockchain players to control their technology destiny
Why Bitcoin’s community governance is rigid and hard to make changes
Why many VCs and Private Investors get a bad reputation for playing the flipping game with ICOs and backroom deals
The reasoning behind choosing the Antelope.io code base
Why Telos created an Ethereum Virtual Machine (EVM)
How Inter-Blockchain Communication (IBC) enables multi-chain functionality
Why one of Telos priorities is to provide a seamless unified experience for the masses regardless of Blockchain