What is Tezos?

Introduction

Tezos is designed to evolve and adapt, ensuring longevity and relevance in the fast-paced world of blockchain technology.

See also Chainstack Docs: Tezos.

Distinctive Features of Tezos

Self-Amendment: Tezos can upgrade itself without the need for hard forks, which can be divisive and risky for the network.

On-Chain Governance: Stakeholders have a direct say in the direction of the platform, with a formal process for proposing, selecting, and implementing changes.

Liquid Proof of Stake (LPoS): This consensus mechanism allows for more democratic participation and security, as well as energy efficiency compared to traditional Proof of Work systems.

Formal Verification: Smart contracts on Tezos can be mathematically verified for correctness, providing a higher level of security for high-value transactions and applications.

Conclusion

Tezos stands out in the blockchain space with its innovative features and practical use cases. It’s a platform built for the future, with a strong focus on community governance, security, and sustainability. 

For any inquiries, Chainstack Support is reachable at support@chainstack.com or submitting this form.