The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Blockchain

How the First ESG Blockchain Is Doing It Right?

by Miki 07/26/2021
by Miki 07/26/2021 0 comment

With several blockchains projects competing to get the edge, the big names frequently get the shots. However, small blockchains like Telos still manage to make a name for themselves and even exceed the functionality of the bigger ones in some areas.

It is always important to look beyond the big names because the undervalued blockchains (such as Telos) are known to offer tremendous potential.

Major enterprises and organisations have overlooked the big-name blockchains and are now turning to Telos to launch and run blockchain applications.

With this in consideration, this article, therefore, aims to explore how Telos – the first ESG Blockchain – is doing it right.

Socially Responsible Investing

As the global economic landscape continues evolving at a rapid pace, it appears that an increasing number of investors are fast becoming more environmentally conscious. For example, Elon Musk, Tesla CEO, recently halted accepting Bitcoin payments for the automaker’s various products. Musk cited that reaching such a decision was due to Bitcoin’s mining processes being relatively energy-intensive.

In recent times, environmental, social & Governance (ESG) investment and business practices have begun to gain widespread attention. Many investors are starting to use ESG as one of the main standards when weighing the potential risks of any business initiative looking to put their finances.

However, ESG reporting has come with certain challenges, which can be addressed by decentralised, transparent blockchain technology. While the calls of the integration of blockchain markets and the ESG have continued rising in the fintech landscape, only a few blockchain solutions have sought to integrate two aspects together, an issue that has made Telos widely known.

Since its inception, Telos, which is regarded as the best and fastest, virtually fee-less blockchain platform, has been helping to mitigate several environmental problems that have hindered the growth of the blockchain industry.

The energy usage ratio of the Telos blockchain is identified to be significantly lower than several of its blockchain competitors such as Cardano, Ethereum 2.0, Bitcoin, and others. Telos normally undergo regular audits to keep its CO2 generation figures and native energy consumption in check.

Telos – the first ESG blockchain provider – has been receiving mass adoption by real-world users across the globe because of its environmental and social consciousness.

Cracking Interoperability Problem

Lack of interoperability is a major concern that has been preventing blockchain mass adoption. Interoperability is highly crucial as organisations and enterprises depend on higher levels of interactions and collaborations. No enterprise will want to conduct its payments with a blockchain whose overall infrastructure is not interoperable and secured.

Telos is getting much more attention than other blockchains because of its ability to offer interoperability solutions.

Telos blockchain supports transactions on other chains and networks, integrates existing systems with multiple apps, and makes it simpler for developers to switch from one underlying platform to another.

Telos supports the creation of dApps and DAOs running on EOSIO and enables developers to create and run Ethereum-compatible smart contracts without any transaction fees. 

With Telos EVM (Ethereum Virtual Machine), people can build and deploy decentralised applications how they were meant to be, with high speeds, no limit on users, and no middlemen.

Telos EVM allows blockchain developers to choose whatever languages and tools they want and create an EVM bytecode they want to deploy on an Ethereum-powered blockchain and drop it to an EOSIO blockchain uninterruptedly. Also, with Telos blockchain, clients using Web 3.0 can shift to a different series of API (Application Program Interface) providers.

Telos’ Transledger platform uses blockchain technology to empower its interoperability network, thus enabling transferring different cryptocurrencies between different blockchains.

Scalability Solutions

When people talk about various blockchains in the market, they frequently point at those ecosystems that belong to cryptocurrencies with high market capitalisation. Ethereum, Cardano, Polkadot, and Tezos are popular blockchains because nobody can deny their prominent market capitalisation rankings.

Despite such popularity, Ethereum has shown several scalability problems. Polkadot has still not launched its parachain upgrade to hook individual side-chains into the main blockchain. While Cardano has only recently launched smart contracts, Tezos, which recognises itself with NFTs, DeFi and other tools, most of its projects are still in development.

To achieve efficiency, blockchain technology needs to be scalable, fast, and facilitate mass adoption. Telos, which has been existing since 2018, might be undervalued in that regard.

Compared to other major blockchains, Telos differentiates itself across several segments. The Telos Network is widely known for its ability to process about 5,000 transactions per second, and its average transaction is much faster than other blockchains.

Conclusion

All the functionalities mentioned above have attracted the attention of some big brands. Cisco, Microsoft, Siemens, Taikai, and Zalando are just a few firms using Telos blockchain to develop applications and unlock real-world activities.

Telos combines the best of different ecosystems and successfully adds other benefits on top, and this makes it offer important features that other blockchains do not provide.

While other blockchains appear to focus mainly on cryptocurrency users, Telos seems to tackle real-world problems and scenarios.

With gaps still being seen in major blockchains, alternative ecosystems like Telos offer impressive solutions. Big brands have noticed this and are now turning to Telos to launch and run their applications on the blockchain.

Image source: Shutterstock

Source link

Views: 0
blockchainESG
Share
0
FacebookTwitterPinterestEmail
previous post
Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours
next post
Uniswap: We have taken the decision to restrict access to certain tokens

Related Posts

Iran Bans Crypto Mining to Avert Major Blackouts...

12/29/2021

Italian Sports Car Maker Ferrari Inks Multi-Year Deal...

12/29/2021

ProShares Files for New Metaverse ETF With U.S....

12/28/2021

Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute...

12/28/2021

Binance Trading Platform Licenses in Bahrain, Canada

12/28/2021

Tokenized Bitcoin in Circulation Nears a Half Million...

12/28/2021

Ethereum 2.0 Full Upgrade Will Prompt a 1%...

12/28/2021

Iranian Crypto Miners get Cut Off as Country...

12/28/2021

Kraken Develops NFT Trading Platform, Offering Token-Backed Loans

12/27/2021

Crypto Review 2021 | Blockchain News

12/27/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • XRP, Cardano, Shiba Inu Price Analysis: 20 June

  • Bitcoin Cash, Bitcoin SV’s on-chain metrics reveal this is the risk they are facing

  • Why ‘there is no reason to say no’ to this Bitcoin plan

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,071.00-3.40%
  • ethereumEthereum(ETH)$2,039.87-3.97%
  • tetherTether(USDT)$1.00-0.04%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • binancecoinBNB(BNB)$299.82-2.66%
  • rippleXRP(XRP)$0.428995-3.07%
  • cardanoCardano(ADA)$0.56-4.41%
  • SolanaSolana(SOL)$54.27-5.33%
  • Binance USDBinance USD(BUSD)$1.000.11%
  • polkadotPolkadot(DOT)$10.79-6.48%
  • dogecoinDogecoin(DOGE)$0.089326-2.54%
  • AvalancheAvalanche(AVAX)$33.20-5.70%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,083.00-3.34%
  • Lido Staked EtherLido Staked Ether(STETH)$2,004.82-4.03%
  • tronTRON(TRX)$0.069731-2.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-3.96%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.000.09%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • CronosCronos(CRO)$0.196120-2.44%
  • litecoinLitecoin(LTC)$68.06-3.12%
  • matic-networkPolygon(MATIC)$0.69-5.43%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.92-0.69%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.68-6.76%
  • FTX TokenFTX Token(FTT)$32.03-1.05%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$198.93-5.61%
  • RareRare(RARE)$0.0461220.00%
  • chainlinkChainlink(LINK)$7.55-4.19%