Telos Blockchain - Crypto Academy / S4W2 - Homework post for pelon53 by @alexanderpeace
Greetings, this is my homework post for @pelon53. Thank you professor for the lecture.
Telos Blockchain is a game changer Blockchain built on on two protocols; EOSIO and EVM. Telos Blockchain is a third generation Blockchain with strong governing mechanism having voting Features and smart contract designed to meet the need of Blockchain developers. It stands out among other decentralized platforms because of its amazing speed and scalability hence was built to solve the speed and scalability problems of other Blockchains.
Telos Blockchain has its native toke known as Tlos. It has smart contracts which are used for DeFi, NFTs, gamings and projects which are built on it. Ethereum Blockchain users can run the Ethereum DApps using Telos EVM which is been tested. Telos Blockchain is economically and geographically decentralized making the blockchain secure and safe. It operates with fair and impartial structure of payment to motivate the operations of the nodes. It uses on-chain governing system and it's transaction fees are very low. It creates new blocks every 0.5 seconds and does over 10,000 transactions every second. This ability enables various on-chain activities like running DApps, NFTs, etc to happen on the Telos Blockchain.
The Telos Blockchain has nodes that validates on-chain transactions called block producers. These nodes that validates these transactions ensure that there's stability in the network because they comply with the rules and standards set by the Blockchain.
The Telos token.
The Telos Blockchain uses its native token known as Tlos. I think that the Telos token is a great investment vehicle and it has great potential. This is because the Telos Blockchain is highly placed in the Blockchain world currently and it's seen as one of the best and fastest growing Blockchain network.
Furthermore, since Telos blockchain engrafted EVM in it's protocol, this will cause a jump in the value of the Telos token which is currently below $1 to reach a new all time high which will be above $1 making the Telos Blockchain to be the first Blockchain to run on EOS and EVM protocols.
The price of Telos token as I write this homework is $0.824068.
*Screenshot gotten from coingecko
It has a market cap of $185,761,639 and trading volume of $3.364,776. It has a circulating supply of 225,421,790 and a total supply of 355,208,370.
Considering the above data statistics, I'd say that the Telos token's investment potential is great and can get to a trading ATH of $1 and above.
screenshot from Telos tracker
Screenshot from Telos tracker
I used the Telos tracker block explorer as at the time of this homework to check the irreversible block, these are the details I saw as shown in the screenshots above.
The irreversible block is block 173,993,350 while the head block is block 173,993,678. The block producer is blockbastrds. The time is 0s.
I proceeded to explore the block producer blockbastrds, it has 32,945".0305 Tlos token. 0.2000 Tlos is staked while 32944.8305 Tlos is unstaked. It has a band width of 0.10KB/0.00GB, a memory usage of 3.37KB/5.37KB. The CPU usage is 0.26ms/0.00hr.
Telos bloks
Verifying block 15,007,389
screenshot from Telos bloks
The block 15,007,389 reported an invalid user statement.
Verifying block 171,790,000
screenshot from Telos bloks
The block producer is teloskitchen. The date of the block creation was Sep-05-2021 at 02:30:25AM.
Telos Eosx
Verifying block 15,007389
screenshot from Telos Eosx
I didn't find the block, the site kept searching but nothing came up.
Verifying block 171,790,000
screenshot from Telos Eosx
I didn't find the block, the site kept searching but nothing came up.
Telos tracker
Verifying block 15,007,389
screenshot from Telos tracker
The block producer is octagontelos. The block was created on 10th March 2019 at 17:56:52.
Verifying block 171,790,000
screenshot from Telos tracker
The block producer is teloskitchen and it was created Sep-5-2021 at 01:30:15
Step 1
I demonstrated this by first visiting the Telos demo site and clicked on connect Wallet.
*screenshot from Telos demo swap
Step 2
Next, I clicked on metamask on the screen but It kept saying provider error,No provider was found.
*screenshot from Telos demo swap
Step 3
I log into my metamask wallet but didn't get any notification of the link from Telos. I waited and waited but it didn't come. I tried over and over and yet nothing.
I contacted some senior colleague on cryptoacademy about the challenge and learnt metamask works better on laptops and I was doing the task with my phone. I don't have a laptop hence I was stuck here and wasn't able to continue with the homework. Hope to get a laptop soon so as not to encounter similar challenges in the future.
The Telos Blockchain is very fast and scalable and is built on two protocols EOSIO and EVM. This makes it one of the leading Blockchains presently. Developers can run DApps, NFTs, smart contracts and other projects on Telos Blockchain at a very cheap price compared to the main Ethereum. Adopting the use of the Telos Blockchain will broaden the scope of the Blockchain and hence developers can enjoy more benefits.
The Telos token is a very good investment prospect and it's future looks promising. Telos Blockchain is the answer to modern Blockchain problems of speed and scalability hence should be adopted.
Thank you professor. The class was educating.
Thank you professor. Will do better next time