Telos EVM is the most powerful and scalable Ethereum smart contract platform! One out of the six highlights of Telos EVM is that they created a no-front-running system in all of their transactions! Now, you may wonder how this has been possible. But first, let us understand what Front-Running means.
What is Front-Running?
Let us understand that Front-running and Mining have the same effect - stealing assets from trades - but they somehow differ in their method of siphoning profits from transactions. Front-Running is the method when bots offer high gas fees to jump to the queue and place their transactions ahead of others. While mining is when miners perform the front-running by inserting their transactions ahead of others while paying only minimal gas fees or they call it the MEV or Miner Extracted/Extractable Value.
It has been like a bribe-or-be-robbed system and is mostly experienced in Ethereum-based chains. Although this has been an industry-wide problem, few people talked about it let alone boldly made a move to eliminate it. And that is the frustrating reality! But all these has been solved when Telos EVM came!
How Does Telos Outruns Front-Running?
Completely avoiding the chances of front-running is one bold move that only Telos has done all across the crypto-verse. There are three (3) significant actions Telos had made to drive these bots and miners away.
- Telos established a fixed-rate gas fee. By doing so, all transactions on Telos EVM prohibits front-running. How so? Bots and other traders can’t jump ahead with higher fees because everyone is paying the same! No one can jump ahead of another person by offering a higher fee.
- Telos EVM is extremely fast with up to 10 transactions per second and 2 new blocks per second. That only leaves a very slim chance for bots to scan any valuable trades in the mempool.
- Telos is community-governed! This is one of the great assets of Telos - its community. The blockchain has clear rules and penalties for its validators and block producers. The first-In-First-Out system has to be followed by each Telos’ block producer, too. They cannot reorder transactions for profit since they must process transactions in chronological order eliminating the bribing system that is rampant in most chains.
Only Telos EVM creates and practices a fair, fast, scalable environment for all traders trading either small or big amounts. And these factors provide strong protection from any front-running on Telos EVM which you may also read more here.
One more thing, there is so much more about tEVM for you! Check out this and learn more about Telos EVM. These are the other tEVM highlights you would want to know more about: (1) Environmental Friendly, (2) Scalable and Affordable, (3) Micro Transaction Defi, (4) Fixed Gas Fees, and (5) ESG Compliance.
You may also want to check these videos out.:
Telos for Beginners
How to create a FREE Telos account
This has been @nikkabomb, the mom-gineer that's juggling the duties as a mom, as a site engineer, and as a crypto enthusiast. I am glad you stumbled upon my post in the Hive blockchain. Will appreciate hearing from you in the comment section below.
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I think that Telos is a clone of EOS blockchain and not Ethereum.
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I am so sad to hear that you have been misinformed. Where did you get that info that Telos is a clone of EOS? or this is just your preconcieved notion that you wanted to stand for?
EOS and Telos, together with WAX are using the same program which is the EOSIO. It is just only one out of Telos' two existing chains now. It is Telos' native chain program- The EOSIO.
Regarding ETH since you guys mentioned that Telos is also a clone of eth, I didn't know that not doing your own research has already been proliferated then FUD around this peaceful community who also wants to be included in the top 200.
Please read: https://www.telos.net/evm
It is a Layer-1 Ethereum Virtual Machine (are you even familiar with this?) It is built to power the Web3.0 ... Telos EVM is not even a fork of the original Go Ethereum code, it's entirely different and a new EVM redesigned from the ground up to take the power that Telos technology has.
I think you are right.
If not, it would be Teleth.
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Very educational, information is a very important value, I have learned with your publication more about Telos EVM, a very useful tool for all its advantageous features.
Not only does it offer fixed gas rates, it is also transparent, honest and fair to users. Thank you for speaking with real knowledge of the subject, happy day!
WOW! I am so glad you learned something from my write ups. I am planning to widen my topics so I hope you stick around for more. Thank you so much for dropping by.
Telos EVM is the real game-changer indeed. Telos learned so much that they are now solving the front-running issues all over crypto-verse.
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