Telcoin

Blocks

Summary

The Telcoin Network, through decentralized consensus, generates, secures, and makes available blockspace which users pay gas fees to consume on a per block basis. Users pay gas fees to have their transaction included in a block, and validators secure blocks of transactions to the blockchain, earning fees and mining issuance.

What are blocks?

The Telcoin Network is a blockchain, meaning blocks are chained together to form a secure, immutable ledger of all blocks and chronological ordering. Blocks contain transactions, digital signatures, references to previous blocks, and more.

What is blockspace?

Blockspace is the total amount of transactional data that can occupy a single block. As long as blockspace is available, transactions can be added to a block. The amount of used blockspace is used to measure network demand and adjust gas prices and base fees. Validators of the Telcoin Network are constantly producing blocks, making blockspace readily available to users who wish to transact on the Telcoin Network.

Blocks: MobilityBlockspace refers to the limited space available in a block for storing transactions. Once a block is created and added to the Telcoin Network blockchain, it remains part of the chain and does not change its order. Once they are built and finalized they are immutable and...Blocks: Number of Units and Carrying CapacityThe total number of blocks committed to the chain can be identified based on the current block number. Transaction capacity estimated at 1,000 per second; when the total number of transactions per block increases above the maximum blockspace allowed, the network congests and...Blocks: Finalization RateThe rate at which new blocks are committed to the blockchain. Estimate 4.5 seconds on average, with 6 second max latency.Blocks: Resource ValueConsumers 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: Interactions Among ProductsBlocks provide the necessary infrastructure for users to securely interact with blockchain-based services on Telcoin Network, including liquidity pools and mobile products. Validators secure blocks to the blockchain and earn TEL rewards. A portion of gas fees are burned each...Blocks: Distinctive CharacteristicsEach block that is secured to Telcoin Network can be distinguished between and identified based on distinctive characteristics including the author, the block number, and a variety of other attributes.Blocks: Availability Across Space and TimeBlocks exist on Telcoin Network and are continuously produced to the chain every 4.5 to 6 seconds based on rough estimates.
Prev  •  Telcoin Network: ProductsNext  •  Blocks: Mobility