Golos Blockchain was launched on 18 October 2016 as a code fork of the Steem blockchain. Golos Blockchain was conceived as a decentralized social network and an independent blogosphere/mass medium without censorship.

• Free transactions
• Fast block confirmations (3 seconds)
• Hierarchical role-based permissions (keys)
• Delegated Proof-of-Stake Consensus (DPoS)
• Placing your own dApps

Although 'GLS' was the ticker assigned at the deployment of the Golos Blockchain Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'GOLOSBLOCKCHAIN' has been adopted for this token. This designation ensures that assets are distinctly identified.