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About Tezos

Tezos (XTZ), conceived in 2014 by Arthur and Kathleen Breitman and launched in 2018, is a decentralized blockchain platform designed for smart contracts and dApps, similar to Ethereum but with a unique twist: it is the world’s first self-amending blockchain. Tezos uses a Proof-of-Stake (PoS) consensus mechanism and introduces on-chain governance, allowing stakeholders to vote on protocol upgrades without hard forks. Key features include formal verification for code correctness and a block creation process called “baking,” where token holders stake XTZ to validate transactions and earn rewards. This adaptive design enables Tezos to evolve and integrate innovations over time while maintaining security and decentralization.

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