Telos offers a third-generation blockchain platform that utilizes the SNARKtor protocol for decentralized recursive proof aggregation, enhancing scalability and efficiency through zero-knowledge technology. This platform addresses issues of high latency, network congestion, and energy consumption, enabling rapid transactions at 15,000 TPS with minimal gas fees.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PLFounders
Product
Problem
Existing Layer 1 blockchains often suffer from performance bottlenecks, including high latency, network congestion, and substantial energy consumption, hindering their scalability and usability for decentralized applications. Verifying zero-knowledge proofs on-chain is computationally intensive and expensive, limiting the adoption of privacy-preserving technologies.
Solution
Telos offers a suite of blockchain solutions, including Telos Zero (Layer 0), Telos EVM (Layer 1), and Telos zkEVM (Layer 2), designed to address the limitations of earlier blockchain architectures. Telos utilizes the SNARKtor protocol for decentralized recursive proof aggregation, enhancing the efficiency and cost-effectiveness of zero-knowledge technology. The platform achieves high transaction speeds and low gas fees, while Telos Zero provides a secure and decentralized foundation for the entire ecosystem. Telos X, an advanced cryptocurrency exchange powered by the Binance Link Program, streamlines token listings and enhances liquidity within the Telos ecosystem.
Target Audience
The primary target audience includes developers building decentralized applications (dApps), enterprises seeking blockchain solutions, and users looking for fast, low-cost transactions.
Features
- SNARKtor protocol for decentralized recursive proof aggregation, improving the efficiency of zero-knowledge proofs
- Telos EVM: An Ethereum-compatible Layer 1 blockchain with 15,000 TPS, low gas fees ($0.001), and 0.5-second block times
- Telos Zero: The core of the network, focusing on security, governance, and block production
- Telos zkEVM: A hardware-accelerated zkEVM Layer 2, leveraging SNARKtor for scalable SNARKs verification
- Telos X: Cryptocurrency exchange powered by the Binance Link Program, designed to streamline token listings and enhance liquidity
- EVM compatibility, allowing developers to easily deploy existing Ethereum dApps