Smart Contracts | Sector |
---|---|
2014 | Published |
$735.74M | Market cap |
142nd | Market cap rank |
About Tezos
What is Tezos?
Tezos is a smart contract platform similar to Ethereum. Its biggest differentiator is its decision-making process, known as “governance.” Tezos aims to avoid network splits (forks) by using a “Liquid Proof of Stake” mechanism, which allows token holders to democratically vote on protocol changes and new features.
Founder | Arthur Breitman, Kathleen Breitman |
Developer | Tezos Foundation |
Published | 2014 |
Open source | Yes |
Sector | Smart Contracts |
Key feature | Governance Model |
Blockchain | Tezos Blockchain |
Staking | Yes |
Consensus mechanism | Liquid Proof of Stake |
Energy consumption | Low |
Transactions per second | 40 TPS |
Social media | 446,852 |
Whitepaper | Whitepaper |
Website | tezos.com |
Our Tezos rating
Review result
Our opinion
Tezos takes a highly democratic approach to blockchain development and governance. Decisions about implementations and features are largely left to the community. To participate in voting, users must stake a certain amount of coins for a fixed period. This mechanism incentivizes participants not to act maliciously or fraudulently. If they do, their staked coins are slashed and become unavailable to them. This process is a core component of the traditional Proof of Stake consensus mechanism, which Ethereum will soon adopt as well. Although the Tezos blockchain has been around for some time, it has so far shown limited network activity and user adoption. Therefore, we remain cautious and somewhat skeptical about its long-term prospects.
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