Tezos calls itself a new platform for smart contracts and decentralized applications (akin to Ethereum). The project implements “on-chain governance” to allow its users to decide the development roadmap and future of the project.
Tezos also facilitates formal verification for third-party applications, in order to secure them against bugs. The cryptocurrency uses an energy-efficient Proof of Stake algorithm to validate the transactions on the network, so it won’t suffer from the same energy waste issues that affect Bitcoin and other Proof of Work-powered cryptocurrencies.
The Tezos project has risen fast in valuation only to fall just as fast. Its co-founder, Arthur Breitman, was suspended earlier this year after the French Financial Industry Regulatory Authority (FINRA)uncoveredthat Breitman had not reported working on the Tezos project while also working for Morgan Stanley, the investment banking firm.
The project has also been hit with twoclass-action lawsuits, in which the people who entered in the Tezos token pre-sale last summer accused the developers of not releasing the smart tokens that they were supposed to get in a timely manner. The developers released the“betanet” test networkalong with the tokens at the end of June, a year after the token buyers first sent their money to the Tezos team.
Max Supply: 763,306,930
Circulating Supply: 607,489,041
Total Supply: 607,489,041
Cryptographic Algorithm: –
Issue Date : 2018-07-05
Source Code: https://gitlab.com/tezos/tezos
Issue Price: $0.450000
White Paper: https://resource.bnbstatic.com/books/20180705/1530811867175.pdf
Consensus Protocol: DPOS
Explorer 1: http://tzscan.io/
Explorer 2: https://tezos.id/
Explorer 3: https://tezex.info/