How to Create a Paid for Telos Account

After creating your free Telos account, you can create as many paid-for accounts as you like using the following guide. You will need to put some TLOS into each additional account you create, learn all about how and why below.

Warning

Only download the official Telos ‘Sqrl’ wallet from the Telos Foundation ‘GitHub’ file store at https://github.com/Telos-Foundation/Sqrl/releases

The GitHub page is also linked from the official Telos Foundation website https://telosfoundation.io/downloads

Please be aware of the fake Telos Foundation scam sites (one with a hyphen (-) and one spelled ‘fundation’ they are stealing keys from unsuspecting users) NEVER enter your Private Keys in to any website, only scam websites will tell you to enter a Private Key, if you do then you will almost certainly lose control of your account instantly!

Overview

To fund additional Telos accounts you will need to use another account you control, or someone else will have to lend some TLOS to the new account for you. Basically, for an account to work, it has to hold enough TLOS tokens as a balance and reserve some of that balance for account resources. So although you can create an account for absolutely nothing, the account would be completely disabled, you couldn’t even send tokens to it. In that case another account must specifically reserve some of its own token balance, on your behalf, this is called ‘delegating’.

So what are you delegating?

The short answer is that you are delegating some power. Power, like fuel in the tank of your account, or connecting a battery, enables your account to operate and do stuff. So to receive or send tokens, or to vote, or to play a game online, or to update your keys, all require that your account has some power. On Telos the power is referred to as resources. It is explained in more detail below, but you could skip the next paragraph if you are happy to just continue to think of it as power.

Delegating or sending tokens to your account, either from your own token balance or from another account’s token balance, gives the account access to some computer brain power(called CPU) and some of the Internet connection (called Network). The computer brain power and Internet are provided by the Block Producers, the BPs.

Let’s see how all this works in practice

Starting from the Sqrl wallet with an account already imported the first thing we will need to do is create two sets of new keys. To do this click the Tools>Key Generator option and on the following screen click the Generate Key button. Click it twice, to create two pairs of keys.

One thing to understand at this point is the process of key generation does not link the keys to an account, nor is it specific to Telos. For example, the keys you create here could be used on the EOS or Worbli blockchains if you created an account with them. They could also be connected to any other asset, for example a hotel room booking, if a system existed that used the blockchain to confirm its bookings(one is probably being developed at the moment).

So all we have done so far is generated two pairs of keys which we can use for anything we like, in this scenario we are going to use them as the Owner and Active key pairs for a new Telos account, so let’s proceed.

Next Click the ‘Copy to Clipboard’ button to copy these keys and then paste and save them in a safe place as described previously.

 

When you have definitely saved your keys click the Create Account menu item on the left.

You will be presented with the following screen which you must complete fully.

To brand new users this does not make much sense so below is an explanation of what to enter into each box and the minimum resources required to create a new account.

Owner Public Key

Paste in either of the Public Keys created in the previous step. They should always begin with ‘EOS’ this is because Telos is an eosio implementation, as is EOS, and Worbli and any other future blockchains using the eosio open source software.

Telos tried to change the EOS prefix to TLOS in the Public Keys but it would have meant it was incompatible with future updates, so it was reverted back to EOS. As far as we know at this time, all future eosio chains will use the same EOS prefix.

Of the two pairs of keys you created in the previous step it does not matter which Public Key you use as the Owner or Active Public Key.

Active Public Key

Paste in the other public key you created

Account Name

Enter an available 12 character account name

RAM Amount (bytes)

The minimum amount required to make a Telos account function is 2600 bytes, so enter that number.

Delegated Bandwidth (in TLOS)

The minimum required is 0.5

Delegated CPU (in TLOS)

The minimum required is 0.5

Transfer tokens instead of delegating?

The tick box for “Transfer tokens instead of delegating?” basically means that if ticked the TLOS required for these resources will be transferred from the creating account, to the new account.

So the RAM, Bandwidth and CPU will cost about 1-2 TLOS in total, and if you ever returned these resources to the network then the new account would receive these amounts instead of them being returned to the account which created it, which is what would happen ordinarily, if you don’t tick the box.

Next click the Create Account button to go to the final confirmation screen.

Click Create Account and see the confirmation that the command has been submitted to the blockchain

Note that to begin using your new account in the Sqrl wallet, you must also import (or add) the account to the wallet

Find more guides on the Learn Telos page.

To connect with us via telegram visit https://t.me/eosuk, email us bp@telosuk.io or phone us on +44 115 822 4546

 

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