OVERVIEW
Ever since the inception of blockchain things have really changed drastically as to how we conduct transactions in previous years, blockchain technology is basic decentralized meaning it isn't controlled by any government agencies or individuals the information on a blockchain is stored in a block, including data's too. In an open blockchain informations stored there is in the public domains anyone can access it.
That's why blockchain is been defined as a system that records informations thereby making it very difficult to be changed or hacked, blockchain is basically a digital ledger that is been distributed across the whole network of computers in the blockchain, blockchain's contains blocks and every single blocks courtesy the chain contains a specific number of transactions.
Blockchain in rescent years have been adopted by different companies, films, in order to carry out there activities, in a public blockchain informations there can be accessed by everyone in a particular films and the data's stored in various blocks can't be altered, this brings us to the main deal for today Telos blockchain.
What is your opinion about Telos Blockchain? What do you hope will happen to the Tlos token? Justify your answer.
TELOS blockchain for so many people will sound new, because the regular blockchain they are conversant with are Bitcoin blockchain, Etherium blockchain, but trust me Telos block has alot to offer, Telos block I will say is a smart contract blockchain technology that basically operates on the EOSIO software.
Telos blockchain is a fascinating blockchain that over the years experienced a massive adoption, it's protocol is galvanized on enhancing transaction speed and scalability, Telos is splendid for mainstream adopting.
Telos gives massive support to tokens, NFTs, meaning Non-fungibility token, and various smart contract deployed on the Decentralized network Defi, also social media and gaming applications, telos was created in 2018, we have many projects built on Telos blockchain and it's protocols.
Telos have a motive and that is combining motive, they are equipt and been eager on combining two basic leading protocols via the blockchain space, if this action is been executed trust me it will become the best blockchain protocols in the world, let's say they have solidity based Etherium and it's vitual machine's smart contract in conjunction with the normal EOSIO smart contract both merging together trust me that will be all round massive.
What do you hope will happen to the Tlos token? Justify your answer.
Telos token powers the entire blockchain although the token is regarded as a utility token, if you Carry out staking on the blockchain using Telos token you will be rewarded, this is how it works if you stake using Telos token via the blockchain you will be paid additional Telos token for each single day you stake.
Various user's can actually use Telos to stake for various resources e.g, CPU or NET, Telos blockchain also provides leasing models this means that the coin can be leased to developer's. Currently now Telos is ranked number #264 in coin-marketcap.
Projects stake Telos in order to allow the usage of telos capability to pay for the various transactions user's execute, in the 2021, I mean early this year Dstor wanted to drive the use of telos as payment as a result of storage thereby setting the pase to compete with various providers including Amazon's and IPFS.
Last year Telos released it's liquidity pool, called Telos swap, just as the name implies this pool gives user's the opportunity to swap coins from one token to another and the rate is pretty affordable, Telos swap makes use of telos as a primary assets as a project to light up value, if you have a project to launch on Telos you have a specific Telos you will be mandated to purchase before proceeding.
What I think all round will happen to Telos is that they will launch their token in both centralized and decentralized exchanges, thereby providing liquidity to fund ERC-20 token for presale. While I feel this way is that if you check the uni-swap, each has a locked amount of telos token in a preferable NFTs.
Using the telos tracker block explorer, take a screenshot of the last irreversible block at the time of performing your task and detail the BP and the date.
First I gained access to the Telos blocks, explorer, at the time of performing my task Thursday 16 /2021. The block height was #173,799,314.
In Telos blockchain everything seems very unique looking at the monitor the way informations on the block changes is super fantastic the transaction ID, and the producer name everything sees unique very open to all.
The pending irreversibly is ranging around (101s) it's amazing the way the irreversible blocks on the blockchain works it changes very quickly trust me data stored on the various blocks can't be altered or compromised I can tell you that for free.
To get everything very unique you need additional informations, looking at my monitor you can easily see the additional information been added this will assist in providing total overview on the number of Tx actions, and the overall number of actions.
I gained access the the Telos tracker and I was able to detect the latest irreversible blocks please view it here.
At the time of writting this home-work the latest irreversible block was #173802379, and the head block was #173802715, the blocks changes quickly as new valid blocks are been added into the blockchain.
Check in the 3 block explorers, the blocks: 15,007,389 and 171,790,000, show the BP and the date of those blocks. Screenshots required.
Checking this you need make way to the Telos tracker, at the search axis I placed the various figured and the details of the various transactions came on-board, the transaction was performed in 2019. And you can see the transaction signature.
First search 15,007,389
Digital signature
Second search 171,790,000 view the details below
Some vital specifications Teloskitchen was the producer and it was produced in 2012. From the image uploaded you can vividly see the transaction ID too, everything is showned very clearly.
producers signature
In the Telos swap demo platform, click here . Connect the wallet to Metamask. Then Transfer 20 Tlos to Fiat. And determine the gas you consumed. Then make the 100,000 Fiat to Soon transaction, and determine the gas consumed. Show the screenshots of the whole process that you ran. Was the gas consumption excessive in both cases? Explain?
Executing this first gain access to the Telos swap demo, and before you proceed make sure that you have metamask wallet downloaded in your phone.
You click on connect wallet at the top right corner of your screen and proceed.
After which you will see metamask appear click on it.
If your wallet connect then transfer 20 Telos to Fiat.
20 Telos to Fiat gave #7124360, we also have the price and pool share.
There we have fee per telos and fee per Fiat, all in the pool but there is a reduction on the rate of percentage. Also there is a reduction courtesy the gas burnt.
CONCLUSION
You will unde with me that ever since the inception of blockchain, things have really changed intense of the characteristics blockchain brings, security, immunity, scalability, etc, people now feel so secured as a result of their assets which runs on blockchain technology. Telos blockchain can be defined as a smart contract blockchain technology that basically operates on the EOSIO software.
The most popular blockchain around we. Know is that of Bitcoin blockchain, Etherium blockchain, but ever since Telos blockchain came on board scalability, speed, security etc and it has been a major for mainstream adoption. Previous transactions can be checked using the Telos tracker, but that will only be possible if you have the block figure for example 1200,894,672, what you need to do is to insert it at the search axis of the tracker and all the informations you need will come out. Thank you very much for this wonderful lecture @Pelon53.