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Resident Rabbi-LLC

Can anyone explain how telos is a direct competition for

ETH if they provide Etherium virtual machines?

#blockchain #cryptocurrency #english #telos
0

6 ответов

11 просмотров
G_McC-

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.

0
06.02.2022
Signal Guru-
G_McC
The Telos blockchain is its own blockchain and muc...

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?

0
06.02.2022
Justin | infinitybloc | Telos Foundation-

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

0
06.02.2022
G_McC-
Signal Guru
I’m sorry but this maybe a silly question but how ...

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.

0
06.02.2022
Unknown_-Error
Signal Guru
I’m sorry but this maybe a silly question but how ...

Telos is a L1 chain that runs EVM as a contract

0
06.02.2022
Justin | infinitybloc | Telos Foundation-
Signal Guru
I’m sorry but this maybe a silly question but how ...

Its seperate but often one might use telos as a extension to Ethereum. Ie eth and and eth based tokens running on Telos evm.

0
06.02.2022

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