KEY TAKEAWAYS
- Telos integrates with Fireblocks to enhance security and accessibility for its blockchain ecosystem.
- The partnership leverages Fireblocks’ enterprise-grade wallet and custody technology to ensure institutional-grade security.
- This collaboration positions Telos at the forefront of institutional blockchain adoption, opening new markets and use cases.
Telos, a community-driven Web3 Venture Studio, has announced its integration with Fireblocks, a leading digital asset platform. This partnership aims to bolster security and accessibility for institutions and businesses engaging with Telos’ blockchain ecosystem.
Telos operates one of the fastest Layer 1 blockchains, boasting a transaction speed of 15,000 transactions per second (TPS), minimal gas fees of $0.001, and 0.5-second block times. Since its launch in 2021, Telos has maintained zero downtime, underscoring its reliability and efficiency in the blockchain space.
Enhancing Security and Accessibility
Through this collaboration, Telos leverages Fireblocks’ enterprise-grade wallet and custody technology. Fireblocks’ infrastructure, which includes multi-party computation (MPC) wallet technology, ensures institutional-grade security by eliminating single points of failure. This integration allows institutions to securely custody $TLOS and other Telos-based assets.
Fireblocks, known for its extensive network of over 2,000 financial institutions, simplifies digital asset operations with its robust APIs and tools. This integration enables seamless interaction with decentralized finance (DeFi) applications on the Telos network, removing the need for complex customizations.
Expanding Institutional Blockchain Adoption
The partnership with Fireblocks positions Telos at the forefront of institutional blockchain adoption. By offering a secure and scalable solution for $TLOS and Telos-based assets, Telos opens new markets and use cases for financial institutions, custodians, and enterprises looking to integrate blockchain technology into their operations.
Telos’ vision of a high-performance blockchain ecosystem aligns with Fireblocks’ commitment to security and scalability. This collaboration aims to unlock new opportunities in the blockchain space for businesses and institutions worldwide.
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