Tezos
Tezos is a decentralized open-source blockchain that governs itself by establishing a true digital commonwealth. Tezos executes peer-to-peer transactions, serves as a platform for deploying smart contracts, and focuses on flexibility enabled through its built-in upgrade mechanism. A blockchain protocol for assets and applications backed by a global community of validators, researchers, and builders, Tezos embraces long-term upgradability, open participation, collaboration and smart contract safety. Its features include proof of stake consensus, formal verification, and the ability to let stakeholders vote on changes to the protocol. Tezos facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.
ABOUT TEZOS
Tezos is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications.
By design, Tezos embraces long-term upgradability, open participation, collaboration, and smart contract safety.
Tez (XTZ) is the native token of the Tezos blockchain. It is used to interact with dApps, pay for fees, secure the network through staking, and provide a basic accounting unit on the Tezos platform.
XTZ continuously adds the latest innovation, seamlessly leveling up to deliver novel and new capabilities within the space through its upgrade mechanism.
TEZOS FEATURES
Institutional Grade Security.
Tezos is designed to provide the safety and code correctness required for assets and other high value use cases at both the protocol and application layers.
Governance by the People.
The Tezos platform was built with mechanisms to ensure active community governance and participation–a key component of Web3.
An Energy-Efficient Algorithm.
Tezos’ Proof-of-Stake requires significantly less energy and cost to operate, making it an ideal alternative platform for building blockchain applications that are eco-friendly.
Smarter Smart Contracts.
Tezos smart contracts can use formal verification, allowing them to be mathematically verified, reliable, and secure.
Seamlessly, Forklessly, Endlessly Upgradeable.
Tezos is built to adjust, adapt, and add features and functionality through its proven on-chain upgrade mechanism.
Powerfully Scalable.
Tezos is built to remain state-of-the-art. Its modular architecture and formal upgrade mechanism minimizes disruptions while offering regular upgradability and enhanced functionality over time.