This is one of the edge why Telos is the best choice among blockchains that are in the Top 50. As I am focusing much on the advantages of Telos, I realized that I really need to highlight this solution of the common blockchain problem.
As you go from 1st gen blockchains like Bitcoin and Eth 1.0 then later gen chains like Telos, scalability (tps and fees) improves. In order to scale a network to perform a high throughput i.e. higher transactions per sec, the network has to grow in complexity and size. This growth inherently comes with increasingly higher security issues which many networks find difficult to cope with.
Scalability and Speed is possible in our DPOS
Also the more decentralized a network is, the more open source its underlying codes are essential. One of the known drawbacks of open source systems is the constant threat of malicious actors spending time trying to figure out weaknesses in the network's codes.
If one would have focused on security, it's obvious without a doubt that Telos is scalable (stress tested TPS: 10,000) and decentralized (very obvious from the governance structure). However with a high degree of both comes the issue of security. The Telos Community members are confident the developers already know this and have developed the network to be secure, scalable and decentralized. Indeed balanced which solves the Blockchain Trilemma issue.
Check the amazing partnerships after the Telos EVM was launched:
Thank you so much for reading. To know more about Telos, check it out here:
To read more about my posts on Telos Network and its dApps: Check this blog compilation I have here in Publish0x:
If you think you can do these kinds of write-ups, please let me know as I always share each of my posts to social media especially after they just got newly published. Click this referral link and apply to become an author. I also encourage my fellow Telos community members to create their own accounts here as well.
About the author:
I just got promoted as the new Telos Foundation Marketing Manager alongside with Emmanuel. I also lead the Community Relations too.
See you again next time.