Telcoin Platform

Telcoin Platform

Telcoin Network: Productivity of System

The productivity of the Telcoin Network blockchain is measured based on the supply, demand, and TEL fees paid to access blocks over time, the supply and the demand for smart contract-based, digital goods and services built on on the network over time. Additional measurements include the total TEL fees and issuance harvested by Validators, and the total TEL destroyed on the system and regenerated to the TEL Treasury over time.

Telcoin Network: Block Production

Validators produce blocks to the Telcoin Network blockchain, earning fees from consumers who pay to have their transactions included in a block and processed through the blockchain. A portion of TEL fees contained in each block are destroyed and regenerated to the TEL Treasury in equal quantity.

  • Block Production: Total blocks(blockspace) produced and available for consumption over time.
    • Block Time: 1 block/6 seconds
    • Transaction Capacity: 5,000 per second; when the total number of transactions per block increases above the maximum threshold, the network congests
  • Volume: Total transfer volume using Telcoin Network blockspace over time.
  • Fees: The total TEL in gas fees paid by users to transfer using Telcoin Network blockspace, the total gas fees earned by Validators and the total TEL burned and regenerated to the Treasury over time.
  • TVL: Total value of assets secured by the network over time.

    • Telcoin Network: Blockchain Goods and Services

    Telcoin Network is composed of a built in Ethereum Virtual Machine (EVM) which enables the development of on-chain programs called smart contracts. These self-executing programs are programmed to facilitate any number of digital goods and services, such as infrastructure called protocols (e.g. DeFi protocols) and applications (e.g. a Telcoin mobile application).

  • Aggregate Supply: The total supply of smart contract-based, blockchain goods and services available on Telcoin Network to be consumed, enjoyed, or harvested by actors over time.
  • Volume: Total volume through smart contract-based different goods and services systems on Telcoin Network over time.
  • Fees: Total fees paid to access smart contract based goods and services on Telcoin Network.

    • Telcoin Network: TEL Production

    The TEL Treasury generates a flow of TEL to Telcoin Network, which then distributes as issuance to staking contracts to be harvested by individual validators in block production. Individual validators harvest TEL from each block they secure to the Telcoin Network blockchain. Prior to the release of the main network with 10 authorized validators, the TAO possesses authority over Telcoin Network rules, and is responsible for ensuring rules are enforced as designed. After the main network is live and 10 validators are producing blocks, authority over and duties towards Telcoin Network will transfer to the Platform, Treasury Council using the TELIP process.

  • Treasury Distribution Rate: The number of TEL units distributed from the TEL Treasury to Telcoin Network over time.
  • Issuance Rate: The number of TEL units generated by Telcoin Network to staking contracts to be harvested by validators over time.
  • Harvesting Rate: The number of TEL units available to be harvested from the system by validators over time.
  • Destruction and Regeneration Rate: The number of TEL units sent to the Telcoin Network burn contract to be destroyed and regenerated to the TEL Treasury in equal quantity.

    • Telcoin Network: TEL Production

    200M TEL distributes from the TEL Treasury to Telcoin Network in year 1. Validators harvest from a flow of 547,945.205 TEL per day, based on their pro-rata share of blocks secured to the Telcoin Network blockchain, according to rules that are set and enforced ...