ETH if they provide Etherium virtual machines?
The Telos blockchain is its own blockchain and much faster cheaper and more secure than Ethereum. By integrating an EVM they are allowing projects to switch from Ethereum and take advantage of these upgrades.
I’m sorry but this maybe a silly question but how is Telos a direct competition with Etherium? I’m still quite not getting it. If telos is an EVM compatible blockchain, Wouldn’t it make Telos a layer that sits on top of the ETH blockchain, still using the Etherium ecosystem?
Not necessarily direct competition for ethereum - I mean what you build on Telosevm you can't even consider on Ethereum because it's too expensive
Have you every used a game emulator? To play old retro games? An EVM is bit like that. The Telos EVM is built from the ground up and very powerful. It can run the whole Ethereum network on one smart contract. Imagine running an old 90s game like Doom but being to make it far better with all your newer PCs hardware. The Telos EVM can run the same projects you get on Ethereum but using the much faster, secure and cheaper tech Telos provides.
Telos is a L1 chain that runs EVM as a contract
Its seperate but often one might use telos as a extension to Ethereum. Ie eth and and eth based tokens running on Telos evm.
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