Tezos (XTZ)

Tezos (XTZ) widget

ICO date: 29.06.2017 - 12.07.2017
Industry: Blockchain Infrastructure

Tezos is considered to be a generic and self-amending crypto-ledger.


Tezos’s seed protocol is based on a proof-of-stake system and supports Turing smart contracts. Tezos is implemented in OCaml, a functional programming language offering speed, an unambiguous syntax and semantic, and an ecosystem making Tezos a candidate for formal proofs of correctness.

One of the Tezos’s feature is its ability to implement protocol capable of self-amendment. This is achieved by exposing two procedures functions to the protocol: set_test_protocol and promote_test_protocol. 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.

Tezos’s proof-of-stake mechanism is a mix of several ideas, including Slasher, chain-of-activity, and proof-of-burn.

The Tezos’s operations of a regular blockchain are implemented as a functional module abstracted into a shell responsible for network operations.

Founded: United States
Technical details:

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.

Website: www.tezos.com
Basic review: Basic review
Whitepaper: Whitepaper

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High 3.3 / 5.0
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Tezos Basic Review
The ICORating Agency gives the Basic Review of the TEZOS Project.

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See also