Telos is a new blockchain protocol launched in 2018 that is based on the EOSIO software from Block.one. Telos has its own native currency, TLOS, and its own blockchain with its own rules and governance structure. Unlike Ethereum, Telos is not a platform for smart contracts and dapps.
Instead, Telos is designed to be a high-performance blockchain protocol for enterprise applications. Telos also has a much smaller carbon footprint than Ethereum due to its use of Delegated Proof of Stake (DPoS) consensus algorithm.
NOTE: Warning: The Telos blockchain is not built on Ethereum. Although the two projects have a similar structure, they are distinct and independent blockchains. It is important to understand and be aware of the differences between the two, as interactions between them can be complicated. Additionally, it is important to note that while both blockchains are open-source and decentralized, Ethereum has more features than Telos and a larger user base.
While Telos is based on the EOSIO software from Block.one, it is not affiliated with Block.
one or the EOSIO project. The Telos Foundation is an independent, non-profit organization that governs the Telos network.
The main difference between Ethereum and Telos is that Ethereum is a platform for smart contracts and dapps while Telos is designed to be a high-performance blockchain protocol for enterprise applications.
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