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Tezos is a decentralized, open-source blockchain platform launched in 2018 by founders Arthur Breitman and Kathleen Breitman. Built with a focus on adaptability, Tezos aims to evolve over time without the need for disruptive network splits, commonly known as hard forks.
One of Tezos’ defining features is its on-chain governance system, which allows stakeholders to propose, vote on, and implement protocol upgrades directly on the blockchain. This self-amending mechanism ensures that the network can improve efficiently while maintaining community consensus.
Tezos supports smart contracts and decentralized applications, making it a flexible platform for developers. Its design emphasizes formal verification, a method used to mathematically prove the correctness of code, which enhances security and reduces the risk of costly bugs.
The network is powered by its native token, XTZ, which is used for transaction fees, staking, and governance participation. Tezos operates on a proof-of-stake model, enabling users to earn rewards by participating in network validation.
With its focus on sustainability, security, and seamless upgrades, Tezos continues to position itself as a forward-thinking blockchain platform driving innovation in decentralized technology.
