Tezos (XTZ) is considered to be a generic and self-amending crypto-ledger. Tezos is a decentralized blockchain that governs itself by establishing a true digital commonwealth and 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.
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Tezos 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.
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What is Tezos
We present Tezos, a generic and self-amending crypto-ledger. Tezos can instantiate any blockchain based ledger. The operations of a regular blockchain are implemented as a purely functional module abstracted into a shell responsible for network operations. Bitcoin, Ethereum, Cryptonote, etc. can all be represented within Tezos by implementing the proper interface to the network layer.
erface to the network layer. Most importantly, Tezos supports meta upgrades: the protocols can evolve by amending their own code. To achieve this, Tezos begins with a seed protocol defining a procedure for stakeholders to approve amendments to the protocol, including amendments to the voting procedure itself. This is not unlike philosopher Peter Suber’s Nomic, a game built around a fully introspective set of rules.
In addition, Tezos’s seed protocol is based on a pure proof-of-stake system and supports Turing complete smart contracts. Tezos is implemented in OCaml, a powerful functional programming language offering speed, an unambiguous syntax and semantic, and an ecosystem making Tezos a good candidate for formal proofs of correctness.
DetailsPublic sales: Jul 01, 2017 - Jul 13, 2017
Token supply: 801,312,599.48811 XTZ
Raised: 232,000,000 USD
LegalBlockchain Platform: Bitcoin
Registration year: 2014
Token infoTicker: XTZ
Token price in USD: 1 XTZ = 0.47 USD
Accepted currencies: BTC, ETH
Crowdsale token supply: unlimited - 10% of crowdsale token supply for the Foundation (4 years vesting period) - 10% of crowdsale token supply for the development team (4 years vesting period) - Bonuses: $422,000 - Early backers: $893,201