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![BD448215-FA08-4C81-83D2-C4F824125F7A.png](https://cdn.steemitimages.com/DQmTxpFCCkAbHqRuyfVCTyCquc7Uva2drVsQBxa21hsmGfd/BD448215-FA08-4C81-83D2-C4F824125F7A.png)
[Source](https://steemit.com/hive-108451/@pelon53/crypto-academy-season-4-intermediate-course-week-2-telos-blockchain)


Hello fellow steemians this is my assignment task for professor @pelon53 

*******

![divider.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/divider.png)

> 1.- What is your opinion about Telos Blockchain? What do you hope will happen to the Tlos token? Justify your answer.

Before sharing my opinion on the telos Blockchain I would like to start off by giving a brief overview of the blockchain. 
The Telos blockchain is an open network blockchain more like a public blockchain that was built on the EOSIO blockchain and launched in 2018, Which operates on Delegated proof of stake consensus mechanism with a team of 21 validators who are responsible for minting and confirmation of blocks. The DPoS consensus mechanism is one of the contributing factors to the telos blockchain amazing scalability which is up to 10,000 transactions per second and a very low cost for transaction fees

### OPINION

The Delegated Proof of Stake consensus mechanism has given the Telos blockchain an incredible scalability but I believe a major short coming it has is that it is still not as valuable or as adopted as the major cryptocurrency we have even though we know that the telos blockchain offers a much faster and less fee requiring option it is still at a rank of #261 and a market cap of 229,974,888$ with a meager value of just $0.8516 with an all time high of 1.02$ 
![1.png](https://cdn.steemitimages.com/DQmXbHwBhDX6rfFJbmUxUKtBqb3CowvERNexRU84jzVySkw/1.png)
In  my opinion I believe exposure or massive adaptation is all the Telos blockchain really require and I believe in no time it will surpass most of the coins that are ranking high at the moment cause it offers solution in cases or areas where other crytocurrencies have extravagant flaws. The Delegated Proof of Stake consensus mechanism is eco friendly and the telos blockchain developed a system to prevent whales or individuals from moving market at will because of their high amount of assets staked and this system also eliminates intermediaries fees which brings about low gas fee.

> What do you hope will happen to the Tlos token? Justify your answer.

![1.png](https://cdn.steemitimages.com/DQmXbHwBhDX6rfFJbmUxUKtBqb3CowvERNexRU84jzVySkw/1.png)

In times to come word will spread developers and investors will eventually hear about the token and due to the advantage it has over other tokens it will have massive adoptation which will lead to inflatio n on token price to a lot more than it is worth rigth now. As we can see the token started off with an initial value of $0.009753 and has experience an exponential growth since then and it experienced an all time high on Sep 10 2021 with a value of $1.02 and i am positively anticipating its rise in value in the near future
![2.png](https://cdn.steemitimages.com/DQmNj8behKECvK8SKXUQN74rJ3QF7xXKLo2KKHRYB1JdcEC/2.png)


![divider.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/divider.png)

> 2.- Using the telos tracker block explorer, take a screenshot of the last irreversible block at the time of performing your task and detail the BP and the date.


For the sake of this course i will be using the [Telos](https://telos.bloks.io/) blockexplorer

The last irreversible block produced had a block id 
> 0a51a9dbb759110be758a8c70da8dfff07c094f5f304ea58a0a56a2e54eb1469

![3.png](https://cdn.steemitimages.com/DQmQR3W189RuRuoEjeA1X7PAtdxjCWuMqXuyFFzTDx5nbSL/3.png)

![4.png](https://cdn.steemitimages.com/DQmZ4zzscv6wgwq2XcjrJ9w5DjkTb6sHoKEaHLbVByoKhYv/4.png)

- BLOCK PRODUCER NAME = goodblocktls
The block producer has a total Telos token of 49.2001 TLOS which is currently worthed at 41.51$ and has been a part of the blockchain for three years with a total of 37 tlos CPU staked which is currently worthed around 31.49$
DATE = Sep 12 2021
TIME = 8pm West african time

![7.png](https://cdn.steemitimages.com/DQmVp9qy22tD9uKNt1K5ekrtgp8sP4cYmPZxijUZ5GHkpq5/7.png)

![5.png](https://cdn.steemitimages.com/DQmPHhZmUj82L2uD5aYawpuYEsVmmxJcowHJdLu73dWb4zr/5.png)

with only one transaction carried out in the block with 20 action 
id > 19f420067a8b780645cd5c50503f0acb52252b5ccd9ae694dd882616e1c14c64

![6.png](https://cdn.steemitimages.com/DQmZuZRjssaWDhCpMv1oY4iWEGioXjMAQwygMBnEQvij61s/6.png)

![divider.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/divider.png)

> 3.- Check in the 3 block explorers, the blocks: 15,007,389 and 171,790,000, show the BP and the date of those blocks. Screenshots required.


Block > 15007389
- Block explorer 1


[telos.bloks.io](https://telos.bloks.io/) 
This block seach in this [telos.bloks.io](https://telos.bloks.io/) blockexplorer returened my search empty

![8.png](https://cdn.steemitimages.com/DQmef55owi1o1zs7rHxEJjz3VxKAwe8Y9kK393bPQa48vjs/8.png)

- Block explorer 2

[telos.eosx.io](https://telos.eosx.io/)

After some time of searching it retrned empty

![9.png](https://cdn.steemitimages.com/DQmaJdbrbgcFR9B7d7LzGwFmQnQNzJPdeRhieiwkFYxxxLZ/9.png)

- Block explorer 3
[telostracker.io/monitor](https://telostracker.io/monitor)

![11.png](https://cdn.steemitimages.com/DQmY4b3cLvncW8MeG55EQRwSTsHDbzX6MovGqFAQFipZgzW/11.png)
- BLOCK PRODUCER = octagontelos

![12.png](https://cdn.steemitimages.com/DQmPoKS52QQC4bjhhDNHu3aatBHH7bT6jCf4PGqGS6WviUZ/12.png)

- BLOCK ID = 15007389

- TRANSACTIONS = 0

- DATE = 2019-03-10 5:56 pm WAT
********

Block > 171790000
- Block explorer 1
[telos.bloks.io](https://telos.bloks.io/) 
The block search in this [telos.bloks.io](https://telos.bloks.io/) blockexplorer 


![13.png](https://cdn.steemitimages.com/DQmar5kSb9EiBhv3gUkSLbCHedeD6AvjJQfk1JvxNRiuXJG/13.png)

- BLOCK ID = 0a3d4eb028bdf79864d0774636fa986847d4a58bf569491d2e62f88591262623

- BLOCK PRODUCER = teloskitchen

![15.png](https://cdn.steemitimages.com/DQmSti4szg1evRR7HvFkb1AfM2C9xm7L8J5mzxBmEi59jDh/15.png)

- TRANSACTIONS = 1

![14.png](https://cdn.steemitimages.com/DQmQ7S8rVsqvWgRHQ5CfM3f2TfNxbGzFsXhUHp4cKk6io47/14.png)

- DATE = Sep-05-2021, 02:30 AM West African TIme

- Block explorer 2

[telos.eosx.io](https://telos.eosx.io/)

The block search returned with the same result as blockexplorer one did

![17.png](https://cdn.steemitimages.com/DQmYoq3DLLLLvH4LFwgE1dTLwP99H3e5g77XV6XsDoZWQne/17.png)

- Block explorer 3

[telostracker.io/monitor](https://telostracker.io/monitor)

Came back with the same result as block one and two 

![16.png](https://cdn.steemitimages.com/DQmdbx3vivAgabMxVNYVzt9LVuRJUzoienHgyge8BaNLvFX/16.png)


![divider.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/divider.png)

> 4.- In the Telos swap demo platform, click here . Connect the wallet to Metamask. Then Transfer 20 Tlos to Fiat. And determine the gas you consumed. Then make the 100,000 Fiat to Soon transaction, and determine the gas consumed. Show the screenshots of the whole process that you ran. Was the gas consumption excessive in both cases? Explain?

I will be showing you how to perform the transaction on Tlos demo platform on Google chrome
- Step 1

go to the demo site via [demo](https://demo.telos.finance/) and first of all connect your demoswap to your metamask
by clicking connect and selecting metamask as indicated in the image below 
![18.png](https://cdn.steemitimages.com/DQmQLB5FXgE5L8fJbV56sMR1Sh2asead5E2uFHkSCawhtVW/18.png)

![19.png](https://cdn.steemitimages.com/DQmUwaYnbAZqQzmqCqme4m4yc1KyuDhBKbqVeuafakKDi5R/19.png)
- Step 2

For those who have thier metamask wallet extention set up you will recieve a pop up on your wallet extention and you will get a prompt to connect your metamask wallet with telos demo. for those who dont have metamask set up  on your google chrome this link [Metamask](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn) will take you straigth to metamask extention page on google chrome add up and set up to continue. If you have then go ahead and click next as indicated in the image below
![20.png](https://cdn.steemitimages.com/DQmPC1vaZwaqjduekau4zrX3SHUSXQsnFsB382y7bdsgARD/20.png)

![21.png](https://cdn.steemitimages.com/DQmeNCkxSBBBJbigQXXG5XD89dGez7HUquFqRmxXMXFdafw/21.png)

- Step 3

The telos demo will be requesting for permission to add a custom netowrk configuration select approve and allow to swtich network so it will be displaying the telos balance on your metamask
![22.png](https://cdn.steemitimages.com/DQmbgoAZ4gVfFoGQbFME9vKGwrCP1ZdShN2oADWLvURZsX6/22.png)

![23.png](https://cdn.steemitimages.com/DQmXRvHpt5Mxu4KLoD8uPPqat3XdEqwgrF4YTBVBuMEaqb8/23.png)
 
And congratulations your wallet is succesfully set up
![24.png](https://cdn.steemitimages.com/DQmQgHpPTgpq9yQ7nMPNCbP6jxdaHA1nb9uMTHEHrNAAvUf/24.png)

- Step 4

Click on the test demoswap now to exchange

and input exchanges you wish to make as shown pictorally in the images below

![25.png](https://cdn.steemitimages.com/DQmSvRnYeobj3u8RuFxfQZm158NuNJA7BrEbrfmKF8WoXwG/25.png)


![26.png](https://cdn.steemitimages.com/DQmc6eSEJ9ATe3VYWpTyUjPPt9v8K6ditXEspoWSTLHoyfm/26.png)


![27.png](https://cdn.steemitimages.com/DQmcmcG7CbGmpiedGXBQhjooTvuE9DovB8htpcNsSsddCrD/27.png)

*****
> Was the gas consumption excessive in both cases? Explain?

-
 Transaction fee of the first transaction of 20Tlos token to Fiat on had LP fee of 0.05 Tlos equivalent to 57794 fiat which is equivalent to 0.000425$ Since the price of fiat to Tlos is 0. 00000258831 TLOS for FIAT is which is very negligible in my opinion

-
 Transaction fee of the second Transaction of 100,000 Fiats to Soon had an LP fee of 250fiats which is equivalent to 0.00129712US$ which in my opinion is also very negligible of course in comparison to other blockchain gas fees like etheruem 


![divider.png](https://cdn.steemitimages.com/DQmQbPG1eewEEMGwcRaep9jNLjqJUrVAB85FtmPhychnp4i/divider.png)

### CONCLUSION 

I strongly believe if the Telos blockchain had as much adaptation and exposure the top ranking coins have currently, I believe it will surpass all other coins majorly cause it’s solved most problems other blockchain have. I hope I was able to answer most of the question to your satisfaction Professor @pelon53 good day and see you all next week

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