Tezos 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
ICO
Jul 1, 2017
Jul 14, 2017
100% completed
$230 498 884
100% goal completed
past
  • 1500 XTZ
    =
    1 BTC

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

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

Materials

Tezos

Activity

Posts:
44
VERY LOW
Followers:
1 303
LOW
Likes:
1 077
LOW
Followers:
261
VERY LOW
Tweets:
1
VERY LOW
Alexa
Rank:
102 499
HIGH
Delta:
-91 645
Year commits:
1 672
Watchers:
269
Stars:
1 269
Forks:
190
Open issues:
31
Videos:
8
LOW
Subscribers:
962
VERY LOW
Views:
107 846
VERY HIGH
Likes:
552
VERY LOW
Dislikes:
72
VERY LOW

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

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