On this episode, Aaron Mangal interviews Justin Guidici, Co-founder for the Telos (TLOS) Network and CEO of the Telos Foundation.
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.
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!
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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
Telos (TLOS) Show Notes
- Bitcoin (BTC)
- Ethereum (ETH)
- Hive (Formerly Steemit)
- Block One (B1)
- Antelope.io (Formerly EOS.io)
- Antelope Coalition Discussion
- Overview of Telos: A Layer-1 Ethereum Virtual Machine, Built to Address ESG Challenges
- The Difference Between Traditional and Delegated Proof of Stake
- Front Running
- Mempool Explained: What is a Mempool? Why is it important?
- Inter‑Blockchain Communication Protocol (Authored By Cosmos)
- Antelope.io Inter‑Blockchain Communication Protocol (Authored By UX Network)