Tezos

Tezos

Created using Figma
Created using Figma
Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It 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
Risk: High
  • Market
    Price
    Open 24H
    Range 24H
    Volume 24H
    Change 24H
  • Gatecoin
    2 months ago
    $ 1.20
    $ 1.20
    L: $ 1.20
    H: $ 1.20
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  • RightBTC
    one month ago
    $ 1.29
    $ 1.29
    L: $ 1.29
    H: $ 1.29
    -
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ICO
Jul 1, 2017
Jul 14, 2017
100% completed
$230 498 884
26
100% goal completed
past
  • 1500 XTZ
    =
    1 BTC
Token Details
Ticker
XTZ
Company Details
Registered Country
United States
Additional Details
Categories
Cryptocurrency

About Tezos

While all blockchains offer financial incentives for maintaining consensus on their ledgers, no blockchain has a robust on-chain mechanism that seamlessly amends the rules governing its protocol and rewards protocol development. As a result, first-generation blockchains empower de facto, centralized core development teams or miners to formulate design choices.

Tezos takes a fundamentally different approach by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade. This approach provides a strong incentive for participation in the Tezos core development and further decentralizes the maintenance of the network. It compensates developers with tokens that have immediate value rather than forcing them to seek corporate sponsorships, foundation salaries, or work for Internet fame alone.

Tezos instantiates new technical innovations but also enforces types of constitutionalism through the use of formal proofs to mathematically verify that key properties are upheld over time. By allowing stakeholders to coordinate on-chain, the network also allows for the creation of bounties to implement specific features or discover bugs. Collectively, the network maintains the decentralized aspect of blockchains while introducing a mechanism to enable collective decision making. Tezos tokens not only power smart contracts in the network, but also allow votes on protocol amendments. The initial Tezos rollout is simple by design, but its self-amending nature means that the rules governing the network can be improved over time.

Features


- A formal verification to any smart contract running on the Tezos blockchain by mathematically proving the correctness of the code
governing transactions
- Michelson, its own smart contract language with correctness and formal verification in mind
- Strong development team
- Three years of development

Technical Info

Technical details:  Has its own blockchain, not a derivative of any other blockchain. Relies on a less onerous, less computationally intensive, and less power-consuming proof-of-stake consensus algorithm. Implemented in OCaml, a functional programming language. The source code:  The code is partially available on Github Proof of developer:  Public team

Tezos Roadmap

  • 2013-12-18

  • Gordon Mohr suggests NomicCoin on Twitter
  • 2013-12-19

  • Gordon Mohr suggests NomicCoin on Twitter
  • 2014-01-27

  • Independent
    formulation of this idea by L.M. Goodman
  • 2014-01-28

  • Independent
    formulation of this idea by L.M. Goodman
  • Read More
  • 2014-03-13

  • Tezos development begins self-funded
  • 2014-03-14

  • Tezos development begins self-funded
  • 2014-08-08

  • Tezos Position Paper is released
  • 2014-08-09

  • Tezos Position Paper is released
  • 2014-09-17

  • Tezos White Paper is released
  • 2014-09-18

  • Tezos White Paper is released
  • 2015-01-25

  • Zooko becomes an advisor to Tezos
  • 2015-01-26

  • Zooko becomes an advisor to Tezos
  • 2015-08-12

  • Bitcoin XT proposed,
    the “block-size debate” begins putting
    governance on the front stage
  • 2015-08-13

  • Bitcoin XT proposed,
    the “block-size debate” begins putting
    governance on the front stage
  • 2016-06-07

  • The DAO is hacked,
    a hard-fork of Ethereum is soon
    decided by the Ethereum Foundation
  • 2016-06-08

  • The DAO is hacked,
    a hard-fork of Ethereum is soon
    decided by the Ethereum Foundation
  • 2016-06-19

  • The pre-fork Ethereum
    chain becomes Ethereum Classic and
    splits the network
  • 2016-06-20

  • The pre-fork Ethereum
    chain becomes Ethereum Classic and
    splits the network
  • 2016-06-06

  • Andrew Miller joins as an advisor
  • 2016-06-07

  • Andrew Miller joins as an advisor
  • 2016-09-11

  • Arthur Breitman presents Tezos as StrangeLoop
  • 2016-09-12

  • Arthur Breitman presents Tezos as StrangeLoop
  • 2016-09-18

  • Polychain Capital
    and several individuals back Tezos to
    help scale up development
  • 2016-09-19

  • Polychain Capital
    and several individuals back Tezos to
    help scale up development
  • 2017-05-07

  • Tezos Foundation launches in Switzerland
  • 2017-05-08

  • Tezos Foundation launches in Switzerland
  • 2017-08-15

  • Tezos network launches
  • 2017-08-16

  • Tezos network launches

Activity

Posts:
66
LOW
Followers:
1 393
LOW
Likes:
1 152
LOW
Followers:
486
VERY LOW
Tweets:
1
VERY LOW
30 Days Growth:
3
Alexa
Rank:
171 017
HIGH
Delta:
83 479
Year commits:
1
Watchers:
269
Stars:
1 312
Forks:
198
Open issues:
33

Team

Verified 18%

Attention. There is a risk that unverified members are not actually members of the team

Arthur Breitman
unverified
Pierre Chambart
unverified
Grégoire Henry
unverified
Guillem Rieu
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Andrew Miller
Advisor
unverified

Last News

$ 0.3591
-7.08%
Coin Stats
Daily, %:
-7.08%
Weekly, %:
-18.31%
Monthly, %:
-72.62%
Market Info
Market Cap:
$ 279.287 M
Volume 24h:
$ 1.481 M
Circ. Supply:
777.494 M XTZ
Ticker:
XTZ
ICO profit
X 0.0001
ICO Price~$3,406.04
3.21
risky+
5.0 18
ICO Profile Vision Activity Potential Product Team

Tezos Reviews

crushcrypto.com
review

Opportunities:
Tezos generated a lot of publicity, partly because of its prominent backers. This may help bring developers to work on this platform.
The idea that Tezos doesn’t ever need to hard fork is appealing.
The technology can be disruptive to the current environment and if successful, it will change the blockchain landscape dramatically.

Concerns:
I believe there is a governance issue in the way the ICO is structured: DLS, the company co-founded by Kathleen and Arthur Breitman, will be acquired by the Tezos Foundation for 10% of the amount raised as part of the ICO. On top of that, DLS’ shareholders will receive 8.5% of the contributions made during the fundraiser. The more money the ICO attracts, the bigger payout the Breitmans will have. In most of the other ICOs, there is also an allocation to founders and developers, but there is a hard cap on how much money to be raised, which limits the founders’ payout. Some would argue that Ethereum also had an uncapped ICO, but the cryptocurrency climate was vastly different then – it only raised $18 million over 42 days and was considered a success.
Tim Draper is a renowned investor, but it doesn’t mean that everything he touches will be a success. Investors should not contribute just because a billionaire also did. Tim Draper has had his share of bad calls before. Moreover, Tim Draper invested in DLS, which as mentioned above, will receive a fixed percentage of the amount raised. Hence, his interest is different from the ordinary ICO contributors.
XTZ won’t be tradable for at least four months. Four months is a long time in the crypto world – Ethereum was trading at $12 four months ago.
Even if Tezos is superior to other blockchain like Bitcoin and Ethereum, it doesn’t necessary mean that it will achieve mass adoption. Right now, Ethereum has a strong momentum and it is unclear whether developers will switch to work on a new blockchain. For example, even though it is technologically superior, Betamax lost to VHS because it didn’t receive the support of enough hardware companies to reach economy of scale.

Conclusion:
Overall, I am neutral about this ICO. Tezos’ goal is ambitious and its solution is interesting, but I dislike the uncapped nature and the fact that the founders are incentivized to attract as much funding as possible, diluting the return on investment.
If you are on the fence about whether to contribute or not, I would suggest waiting for the first bonus period (+20%) to end and see how much money has been raised because a lot of people want to take advantage of the maximum bonus. This way, you do lose a little bit of bonus (15% vs. 20%) but you can have a much better picture of what the valuation of the project is before committing your money.
Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Not good because (1) the ICO is uncapped for two weeks, meaning everyone who wants to participate can do so, leaving no unmet demand, and (2) XTZ won’t be tradable for at least 4 months.
For long-term holding:
I am neutral about Tezos’ long-term prospect. It comes down to whether you believe Tezos will become the blockchain of the future.

 

Read More
ICO Drops

Aleksey: Tezos was listed on Gate.io. It made х5. The project itself is interesting, global.
Sergey: I participated in the ICO and bought it after on the exchange, as I planned. It is competitor to EOS.

Read More
cryptobriefing.com
News, reivews

Tezos is embroiled in controversy and in-fighting, although it’s pushing through to continue development with the help of the community. The beta is still in its infancy, and the foundation lacks key partnerships and dApps that could grow the network. Still, it has several key factors working in its favor.

Tezos is one of the most well-funded ICOs in history, raising $232 million in BTC and ETH that have skyrocketed in value since its July 2017 ICO.
The Tezos Foundation replaced several key board members, including president Johann Gevers, since it started butting heads with cofounders Arthur and Kathleen Breitman.
The Tezos network is currently in beta while it works out bugs. It has a bug bounty program to help expediate the process.
To help pay operating fees, Tezos accepted a $1.5 million investment from venture capitalist Tim Draper, who now owns 10 percent of the DLS, which maintains control over Tezos IP.
With these pieces in place, Tezos has a chance to succeed. It just needs to dig its way out of the legal issues bogging it down. Whether it accomplishes its goal of being the last cryptocurrency or ends up as a cautionary tale for other ICOs remains to be seen.

Whatever happens, it’s a crypto to watch in 2018 and beyond.

Read More
bitcoinexchangeguide.com
News, reviews

Tezos is a brand new blockchain built from the ground up. the blockchain enables innovation via self-amendment. That means it’s easier, more profitable, and more seamless when adding innovations to the blockchain.

When improvements are added to, say, the bitcoin blockchain, we run the risk of creating a hard fork. Thanks to the Tezos consensus mechanism, that’s no longer an issue.

Read More
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