Tezos

Tezos (XTZ) is a smart contract platform that uses blockchain voting to be self-governing by its token holders. Also, the platform aims to boost the security of smart contracts through formal verification of code. The creators of Tezos believe that a decentralized system must be decentralized at all levels; all the decisions must be taken decentralized, especially the proposals to improve or change the project.

The goal of Tezos

Tezos focusses on three main issues; smart contract safety, long-term upgradability, and open participation. Tezos is designed to provide the code correctness and safety that is necessary for assets and other important use cases. Tezos has a so-called modular architecture, which refers to the design of a system composed of separate components that can be connected together. Together with its formal upgrade mechanism, Tezos’ allows the network to adopt and propose innovations very smoothly. All stakeholders may participate in network upgrades by evaluating, proposing, or approving changes.

Who started Tezos

Since 2014, co-founders (while being a couple) Arthur Breitman and Kathleen Breitman, have been developing Tezos with a core group of developers. In 2017, the Tezos Foundation headquartered in Switzerland raised $232 million in just two weeks in a fundraiser. It became one of the biggest ICOs.