Telos

Telos is a Layer-1 blockchain that operates using a Delegated Proof of Stake (DPOS) consensus mechanism. It was designed to address scalability and usability concerns in blockchain technologies, supporting rapid transactions and low gas costs. With its custom Telos EVM (Ethereum Virtual Machine), it is highly compatible with existing Ethereum tools and applications, allowing developers to easily create and deploy smart contracts. Telos aims to offer a fast, affordable, and developer-friendly environment for Web3 applications.