Tezos (XTZ)
Tezos (XTZ) is a decentralized, open-source blockchain platform that enables users to create and manage smart contracts and decentralized applications (dApps). It was created by Arthur Breitman and Kathleen Breitman in 2017 and is based on a proof-of-stake consensus mechanism. Tezos is designed to be a self-amending blockchain, meaning that it can upgrade itself without the need for a hard fork. This allows for faster development and more efficient upgrades.
History of Tezos
Tezos was first proposed in 2014 by Arthur Breitman and Kathleen Breitman. The project was officially launched in 2017 with an initial coin offering (ICO) that raised $232 million. Since then, Tezos has become one of the most popular blockchain platforms, with a market capitalization of over $2 billion. Tezos is designed to be a self-amending blockchain, meaning that it can upgrade itself without the need for a hard fork. This allows for faster development and more efficient upgrades.
Comparison Table
| Platform | Consensus Mechanism | Transaction Speed |
|---|---|---|
| Tezos | Proof-of-Stake | ~15 seconds |
| Ethereum | Proof-of-Work | ~15 seconds |
| EOS | Delegated Proof-of-Stake | ~1 second |
Summary
Tezos (XTZ) is a decentralized, open-source blockchain platform that enables users to create and manage smart contracts and decentralized applications (dApps). It was created by Arthur Breitman and Kathleen Breitman in 2017 and is based on a proof-of-stake consensus mechanism. Tezos is designed to be a self-amending blockchain, meaning that it can upgrade itself without the need for a hard fork. This allows for faster development and more efficient upgrades. For more information about Tezos, visit the official website at tezos.com.
See Also
- Smart Contracts
- Decentralized Applications (dApps)
- Proof-of-Stake (PoS)
- Proof-of-Work (PoW)
- Delegated Proof-of-Stake (DPoS)
- Initial Coin Offering (ICO)
- Market Capitalization
- Self-Amending Blockchain
- Hard Fork
- Blockchain Platform
