TezosEco-responsible, Reliable & Evolutive
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. To learn more, visit Tezos.com.
Tezos was one of the first projects to incorporate Proof-of-Stake (PoS), a consensus mechanism that aligns the incentives of bakers and stakeholders to keep costs low, avoid centralization, and put network power in the hands of stakeholders. Proof-of-stake improves scalability and encourages incentive alignment as well as avoiding environmentally wasteful proof-of-work.
Tezos and its smart contract language, Michelson, were designed with security and formal verification in mind. Formal verification allows developers to mathematically prove that code performs correctly, according to its formal specification or certain properties. This is well-suited to financial smart contracts representing significant real-world value, which require guarantees that funds will not be lost or frozen due to bugs in the code.
Tezos can upgrade itself through an in-protocol amendment process without the need for a hard fork. Performing upgrades in this fashion accelerates innovation, reduces the likelihood of contentious splits, and coordinates stakeholders within the Tezos ecosystem over a long period of time.For developers building on Tezos, upgradability provides a strong assurance that the protocol will operate smoothly long into the future.
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Certification on blockchain allows to ensure the validity, and authenticity of documents in a seamless manner.
Self-sovereign identity is a new identity management paradigm that allows entities to really have the ownership of their identity data and control their use without involving any intermediary.
Non-fungible tokens (NFT) are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers.
In essence, tokenization is the process of taking an existing function or asset and representing it as a token, which develops and releases on chain.
DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.
Baking is the process of validating and adding new blocks to the Tezos blockchain.