When the news comes Ethereum 2.0 It broke out, and many people were excited. The issue of transaction scalability and sustainability will be resolved.However, even Ethereum 2.0 misses a basic problem that crypto investors still face. This important problem is called Run forward. This problem caused thousands of dollars in losses, and it is still causing more losses. Imagine the joy on people’s faces when the popular third-generation blockchain Telos announced a new EVM that they claimed could solve this problem, etc. Yes. Just what you think. Finally hope! But before we are a little happy, let us clearly understand how Telos will solve this problem and surpass other systems.
Telos EVM Designed to solve the problems faced by other EVMs. Each part of Telos EVM seems to solve different problems common in other networks. The working principle of Telos EVM is similar to Ethereum, but different from the original EVM. The platform is designed to host a large number of programs from other networks without modifying any content.
Although Front running is very common in today’s cryptocurrency world, this is the reason why many people lose millions of dollars, but few people know it. That’s because it happened without them even knowing it. When a robot or miner understands the inside story of a pending transaction, a preemptive transaction occurs. The individuals involved can skip the line, complete the transaction, and then use the difference between their buying and selling prices as profit. Only the attacker can profit from it. Users will not benefit. Telos solves this problem through fixed transaction fees and strict anti-preemption rules. This will enable users to curb any possibility of being exploited.
Another area where Telos is setting pace is transaction fees. Not many platforms can boast of low transaction fees. The native Telos does not charge at all. The Telos EVM, which is based on a model very similar to the original Ethereum, has a gas model, but it only costs $0.01. Telos EVM will save people hundreds or even thousands of dollars because the gas cost of Ethereum is considered relatively high. In this way, Telos not only beats rivals such as Cardano and Polkadot, but also defeated the original Ethereum.
The time required to mine a block usually varies depending on the chain and some variables. Ethereum is the king of decentralized applications, and it takes about 10 to 15 seconds to mine a block. Other competitors such as Binance Smartchain and Cardano can still boast faster transaction speeds, but nothing can compare with Telos EVM. Telos EVM has one of the fastest block mining times. Telos takes less than 500 milliseconds to mine a block. This transaction speed has further widened the gap between it and its competitors. This amazing block rate means that it can process 10,000 transactions per second.
Telos is labeled as the most environmentally friendly blockchain because of its very low level of energy consumption. In addition, Telos can also provide a home for multiple Dapps on its network. Telos is compatible with Vyper, EOSIO C++, and Solidity, providing a new experience for migrating users. The ratio of Telos EVM to other applications is 95%, which makes migrating to it easier than ever.
The first project on the web will be a copy of the popular NFT project Cryptopunks. The creator will be the upcoming NFT artist The Big Gooey. This project is the first ERC_721 NFT to be hosted on dStor.You can have a look Tross Official website.
They recently Announce Their partnership with SushiSwap and Anyswap. Therefore, users on both platforms can now take advantage of the scalability, speed, and security of Telos EVM when trading encrypted assets.