Tezos
| Tezos | |
|---|---|
| Denominations | |
| Plural | Tezies |
| Ticker symbol | XTZ |
| Development | |
| Original author(s) | Arthur Breitman[2],Kathleen Breitman[2] |
| White paper | "Tezos: A Self-Amending Crypto-Ledger Position Paper"[3] |
| Initial release | 30 June 2018 [1] |
| Code repository | https://gitlab.com/tezos/tezos |
| Development status | Active |
| Written in | OCaml |
| Operating system | Clients available for Linux, macOS, POSIX, Raspbian |
| License | MIT |
| Website | tezos |
| Ledger | |
| Ledger start | 17 September 2018 |
| Timestamping scheme | Proof-of-stake (partial hash inversion) |
| Block explorer | tzscan |
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Tezos' is a blockchain project that aims to offer "the world’s first 'self-amending' cryptocurrency"[2].
Its 2017 initial coin offering raised $232 million, the largest for such an offering to that date. The project experienced a management controversy over the use of raised funds that was described by a July 2018 Wired cover story as "the crypto world's biggest scandal" after its resolution.[2]
Tezos launched a Betanet on June 30th 2018[4] which became Mainnet on September 17th 2018[5].
Contents
Design
Tezos is a generic and self-amending crypto-ledger which 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. 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. Its proof-of-stake approach is novel, because the validator pool grows organically with the growth of the network. It has therefore been called "liquid" proof-of-stake by some. Tezos is implemented in OCaml, a powerful functional programming language offering speed, an unambiguous syntax and semantics, and an ecosystem making Tezos a good candidate for formal proofs of correctness.
See also
References
- ↑ "Tezos Foundation Announces Beta Launch"
- ↑ 2.0 2.1 2.2 2.3 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ "Tezos Resources"
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Tezos Foundation, "Tezos Mainnet Is Live", 2018-09-17
External links
- No URL found. Please specify a URL here or add one to Wikidata.
- Tezos Foundation
- TzScan.io, The Tezos Block Explorer
- Blockchain Explorer
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