Tezos is a self-amending blockchain network which incorporates a formal, on-chain mechanism for proposing, selecting, testing, and activating protocol upgrades without the need to hard fork. Operates under liquid PoS consensus.
- 2014 – Arthur Breitman and Kathleen Breitman, started developing Tezos with a core group of developers
- 2017 – $232 million ICO
- Feb 2018 – Dispute and Board reshuffle
- Jun 2018 – Testnet launch
- Sep 2018 – Mainnet Launch
- Apr 2019 – First Exploration Vote
Upgrades to the protocol through proposal & voting process. Uses min quorum adapted to the average participation and and 80% of supermajority support level to pass.
- Developers independently submit proposals for protocol upgrades and request for compensation for their work.
- The request for compensation makes sure that the developers have a strong economic incentive to contribute to the ecosystem
- The proposal goes through a testing period wherein the community tests the protocol and criticizes it for possible improvements.
- After repeated testing, the Tezos token holders can then vote on whether the proposal should be approved or not.
- Once a legitimate upgrade is decided on, a “hot swap” occurs on the protocol, which initiates the new version of the protocol.
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- Market cap $0.79B
- 460 bakers (analogue of block validators)
- 106 public delegates (who you can delegate your XTZ tokens if you have less then 10k)
- Tezos Whitepaper
- Tezos Wiki
- Amending Tezos by Jacob Arluck
- https://tzscan.io
- https://tezos.gitlab.io/master/whitedoc/voting.html
- https://www.reddit.com/r/tezos/
- https://kukai.app/bakers-list
- https://mytezosbaker.com/
- https://blockgeeks.com/guides/what-is-tezos/
- Arthur Breitman explained baking on a high-level in the following blog post very coherently
- Implemented DApps: https://tezosprojects.com/