Tezos


Name

Tezos

Summary

Tezos is an open-source proof-of-stake (PoS) blockchain network that uses smart contracts to provide peer-to-peer (P2P) transactions using its native XTZ coinage (also known as a Tezzie).
It was founded by Arthur Breitman under the pen name L. M. Goodman in 2014
It is secured by Liquid Proof of stake.

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Rating

A

Symbol

XTZ

Overview

Tezos is a blockchain network that is similar to Ethereum in that it is based on smart contracts. However, there is a significant difference: Tezos seeks to provide more advanced infrastructure, which means it may evolve and improve over time without the risk of a hard fork. Since their inception, both Bitcoin and Ethereum have suffered from this problem. People who own XTZ can vote on protocol changes proposed by Tezos developers.
This open-source platform claims to be "safe, upgradable, and built to last," and claims to provide smart contract language that delivers the accuracy needed for high-value use cases. Tezos claims that its approach makes it futureproof and that it will "stay state-of-the-art far into the future," implying that it can adapt to changes in blockchain technology.

Historical Price Movement (in INR)

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Technology

To distinguish Tezos' approach from Delegated Proof of Stake (DPoS) chains like EOS or NEO, the phrase Liquid Proof of Stake was coined. LPoS assigns the chance of block production based on the proportion of stake owned by each validator; and there is no limit on the number of bakers in the system, unlike DPoS blockchains, which split block production rights evenly among a set of active block producers.
Use of Native tokens in the ecosystem:
Tezos' native utility token and cryptocurrency is the XTZ Token. It can be used as a medium of trade or for on-chain governance activities on the network.

Investors

80%

Tezos Foundation and Dynamic Ledger Solutions

20%

Volume (8th May 2022)

$155,215,358

Total Supply

915420331

Circulating supply

893,828,352.84 XTZ

Crowd Sales

-

Funding

10/07/2018: Venture Round- NA
1/12/2015: Non Equity Assistance- $1K

Country

Switzerland

Name of Organization

Tezos Foundation

Year Incorporated

2017

Registered Address

Dammstrasse 16 in 6300 Zug, Switzerland

Dispute Resolution and Governing Law

Switzerland

Country Risk Assessment

A1

Founding Team
NameDesignationEducationExperience
Arthur BrietmanFounder and CTONew York University: Masters in Mathematics10+ Yrs
Kathleen BrietmanCo-Founder and CEOCornell University:BA12 Yrs