If you've ever gone to our Discord server, you’ve probably already heard
of *Telos*. Well, today we’ll tell you a little bit more about
this project!
Telos is a software or code fork of EOSIO. But, what does this mean?
It’s simple: **Telos is creating a completely new blockchain with an improved
and modified version of the EOS software.**
Considering that many codes are open and can be used and modified freely in
the blockchain world, there are different reasons why they decided to do this.
**Telos wants to refocus the source code and promote their vision of what TELOS
should be, in terms of the governability, use, accessibility, and future of
this technology.
However, there are no enmities or misunderstandings:**
EOS and Telos, both developed with EOSIO, can execute the same smart
contracts, which means that **any contract executed in one should work on the
other.** It’s worth mentioning that Telos made some modifications on some rules
to create a bigger sense of responsibility and increase the attractiveness and
stability for dApps developers.
In order to make the ideas of the project possible, Telos has made use of
different mechanisms, and the main one has been its Foundation.
**How was it born?**
The Telos Foundation is their main promoting and funding organism dedicated
to its blockchain’s progress. Its main objective is **giving subsidies and
funds to groups that promote new functions that are necessary for the network**
and that cannot be supported by the EOS system of Worker Proposals.
**Which is its token?**
The name of its token is TLOS, which reflects the propriety in Telos, and
initially, the promise is that an amount that is three times less than that on
EOS will circulate in the market. **This can be seen nowadays as EOS has
906,245.118 tokens and TLOS has 345,896.046.**
Telos is currently an innovate project that already captured the attention
of many people, investors, and developers, who foresee an excellent future for
this blockchain.
Projects like TELOS Venezuela, Beyond Bitcoin, EOS Metal, EOS Barcelona,
Telos Vancouver and a long list of candidates of Block Producers are orienting
their efforts to help this blockchain achieve everything they are destined to
be.
**If you’d like to learn more details about Telos, you can go to:
https://telosfoundation.io/candidates (for getting to know the BP, whitepaper, etc)
https://www.coingecko.com/en/coins/telos (the current price of TLOS)
If you like the way TELOS sounds or if you’d like to join it, share your
thoughts in the comment section! Your opinion will always be valuable.**
Compiler: @dangyver
Editor: @bryangav
