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 (XTZ) is a self-upgradable and energy-efficient proof-of-stake blockchain linked to a digital token called "tez" or a "tezie".
Tezos is not based on the mining of tez. Instead, token holders receive a reward for taking part in its proof-of-stake consensus mechanism.
XTZ uses an on-chain governance model that enables the protocol to be amended when upgraded proposals get a favorable vote from the community.
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
Governance by the People
An Energy-Efficient Algorithm
Smarter Smart Contracts
Seamlessly, Forklessly, Endlessly Upgradeable
Powerfully Scalable