#GGG Partnership: Telos
Good Games Guilds continues the strike to create a shared metaverse. In this significant push, we are proud to announce that we have established a strategic partnership with Telos — a third-generation blockchain platform for building fast, scalable, distributed applications with fee-less transactions. The partnership is expected to create a growing ecosystem in a truly decentralized fashion where everyone has an equal opportunity to contribute and impact the direction of the ecosystem.
About Telos
Telos is a next-generation Delegated Proof of Stake (DPOS) Layer-1 blockchain network. It features unsurpassed compatibility for developers and provides an extensive suite of tools and onboarding support to develop and deploy smart contracts on the world’s fastest, most scalable, and most affordable Telos EVM. The network is backed by robust governance features and a vibrant community of passionate contributors and users excited about the future of Web3.
The Telos Network is a real-world-ready blockchain. Through years of challenges, innovation, and web3 firsts, Telos has grown into a network capable of supporting the extreme demands of the decentralized world of tomorrow. Launched in 2018 without an ICO and through a fair token distribution, the lead development team initially utilized the Antelope.io source code and debuted a specialized version with additional layers of governance, tooling, and node configuration requirements. Through the years, the development team has continued to innovate based on the needs of builders and, in late 2021, launched the first bespoke/ground-up Ethereum Virtual Machine (tEVM), which runs using a smart contract on the native chain’s quick finality and node infrastructure. The launch of the tEVM has given builders and users two networks, native support for C++-based applications and the tEVM, which allows for complete compatibility with any traditional EVM/solidity-based applications. Telos continues to push beyond the boundaries of what Web 3.0 networks can achieve, and builders can look forward to additional performance and language capabilities as the Telos Network continues on its sharp growth trajectory.
- Uptime: Operational integrity of the Telos network has maintained a 100% uptime since December 2018 without any breaks, forks, or outages.
- No Front Running: Telos is architected not to have a mempool and allows for transactions to be processed on a “First in First Out” basis, eliminating the ability for transactions to be front run.
- Transaction Finality: .5 second block times. It takes half a second to complete a transaction.
- Transaction Throughput: Telos has successfully proven over 10,000 Transactions Per Second in 2 blocks(1 second)
- Security: DPOS consensus mechanism provides strong security protection against a 51% attack. Telos requires 2/3s + 1 of the validators to sign blocks.
- Fixed Gas Rate: Telos Gas Fees average .01 per transaction. In addition, gas fees do not fluctuate with network volumes. As a result, costs are more predictable and affordable for users and infrastructure.
- Sustainable: Low carbon footprint. A typical transaction currently only consumes 0.000001 kWh to execute.
- Smart Contract Support: Smart Contract Support: Developers can build smart contracts on Telos in multiple languages, including Solidity, C++, Go, and Rust. This makes Telos the most compatible and versatile blockchain to build on (Additional language support to be added soon).
Telos provides cutting-edge solutions to address the drawbacks developers and users face with other Layer 1 blockchains, such as lagging performance (high latency times & network congestion), limited scalability, and energy consumption. The Telos EVM also implements a fixed gas fee on all transactions, rendering it impossible for whales or any other user to front-run their transaction in a mempool.
- Architecture: Telos EVM is a Smart Contract built on the native Antelope.io layer. The EVM RPC plays a critical role by translating the native APIs to the standard EVM RPC methods, so all EVM tools and wallets are compatible.
- Solidity & Viper: Telos EVM processes the same code as Ethereum’s and other EVMs. No modifications are needed.
- RPC Specification: Every Telos client implements a JSON-RPC specification identical to Ethereum’s, making it easy to read blockchain data and send transactions to the network.
- Convenience Libraries: Telos supports the same libraries for JSON-RPC API, such as ethers.js & web3.js.
- Custom indexing COMING SOON: A public API that will offer improved data over the standard RPC, such as token holder lists, NFTs, approvals, and more.
For further information about Telos, please visit: https://www.telos.net/
| Website | Discord | Twitter | Telegram| YouTube| Facebook|
About Good Games Guild
Good Games Guild is a Gaming Hub that aims to create the largest virtual world economy by sponsoring millions of play-to-earn gamers, investing in play-to-earn games along with their in-game assets, and building tools that will enhance the future of gaming and meta-verse.
Join Us for more updates!
| Website | Discord | Twitter | Telegram| Medium| Instagram |
