Compared to the “big blockchains” on the market, Telos differentiates itself across multiple segments. With a transaction per second throughput of 10,000 TX, it scores much higher than other ecosystems.
The blockchain ecosystem has grown more competitive than ever before. Numerous chains are competing for traction, yet it is always worthwhile to look beyond the “big names”. Several undervalued blockchain ecosystems exist today, with Telos offering tremendous potential.
It’s Not Just About Big Blockchains
When people discuss the various blockchains on the market, the same names will return in a conversation. Interestingly enough, the majority of these ecosystems belong to cryptocurrencies with a high market cap. The likes of Ethereum, Cardano, Polkadot, and Tezos are all popular for various reasons, yet no one can deny their prominent position in the market cap rankings either.
Despite this popularity, Ethereum has shown there are numerous scalability issues. Polkadot has yet to launch its parachains upgrade, allowing for individual sidechains to hook into the main blockchain. Cardano has only recently launched smart contracts and Tezos can lend itself well to DeFi, NFTs, and other tools, yet most projects are still in development.
With all of the above in mind, it can be worthwhile to look into other blockchains and see what they have to offer. To achieve efficiency, the technology needs to be fast, scalable, and facilitate mass adoption. Telos, a blockchain ecosystem that has been around for multiple years, might be undervalued in that regard. Several top brands already use this environment to build applications with blockchain technology.
Why Big Brands Choose Telos
Compared to the “big blockchains” on the market, Telos differentiates itself across multiple segments. With a transaction per second throughput of 10,000 TX, it scores much higher than other ecosystems. Moreover, Telos supports the Ethereum Virtual machine – making it easy for developers to port over applications – and has free user transactions. There is also a decentralized file storage aspect to keep an eye on.
Furthermore, Telos supports eosio C++ smart contracts for high-throughput decentralized applications. It becomes easier for developers to migrate applications from the EOS blockchain to Telos by offering this functionality. To achieve maximum performance, coders can soon deploy Ethereum DApps on eosio. This latter aspect can prove to be very beneficial for decentralized finance purposes.
All of this functionality has attracted the attention of some big brands. Zalando, Siemens, Microsoft, and Cisco are just a few of the companies using Telos’ blockchain to build applications and unlock real-world activities. Xacto 360, a cyber risk management solution, has recently expanded to Microsoft Azure US Government cloud instances. Taikai, a powerful hackathon platform, taps Telos for next-generation open innovation events.
There is great interest in this blockchain that provides features other ecosystems cannot. Telos combines the best of different ecosystems and successfully adds other benefits on top. As Discussions.app will launch its reputation system exclusively on the Telos blockchain, another important milestone is reached. Whereas other blockchains seem to cater to cryptocurrency users primarily, Telos aims to tackle real-world problems and scenarios.
For an ecosystem that has been around for over two years, very few people actively talk about Telos’ potential. It makes one wonder why the valuation of this ecosystem – through its native TLOS token – is much lower compared to Polkadot, Tezos, Cardano, and Ethereum. One can argue that this ecosystem is undervalued compared to others, especially because so many big brands use it for a growing variety of purposes.
Competing with the established blockchains will remain an ongoing struggle for alternative ecosystems. Over 100 projects are being built on this alternative blockchain, spanning from games to DeFi and exchanges to social platforms. Sometimes, it is better to let the technology do the talking rather than the market valuation.
Founder and editor at BTC PEERS. Andrey writes about financial experiments, DeFi, cryptocurrency, and blockchain.