Platform

Platform

Blocks: Resource Value

Consumers use blocks to transfer peer-to-peer on Telcoin Network, with near instant settlement finality. Validators manage a node and produce valid blocks, earn TEL gas fees and TEL issuance each time they secure a block to the Telcoin Network blockchain.

Blocks: Market Value

  • Gas Price: Price to transact on the network
    • Formula: Variable, determined by demand and supply economics, priced in TEL.

    • Blocks: Utility

  • Consumption use: Valued for transferring value peer to peer.
    • All Platform Users and Miners: Blocks are valued for transfer and enable decentralized transfer execution, settlement, and automated record-keeping on an immutable ledger. Users pay fees to transfer value peer-to-peer over a secure, programmable network, with near instant settlement finality, and their transaction history and ownership is secured on an immutable ledger.
  • Production use: Use value to miners in production processes
    • Validators: Participate in proof-of-stake consensus and earn fees and issuance contained in each block they secure to the blockchain.
    • All miners stationed at the higher layers of the system rely on blockspace availability to produce their systems and harvest benefits from the system.