Tezos

Tezos is an open-source blockchain platform that aims to drive the Web3 revolution. The future of the internet is being constructed on Tezos, with user engagement and governance at its center. As a Web3-focused platform, it promotes user-driven and user-centric interaction throughout its ecosystem. Tez (XTZ) is the native token on the Tezos blockchain. It is used to communicate with dApps, pay fees, safeguard the network via staking, and serve as a basic accounting unit on the platform.

Key Features:

• Users can interact directly and frictionlessly over a decentralized network, with no intermediaries.
• At the protocol and application layers, institutional-grade security protects assets and high-value use cases.
• Uses OCaml and Michelson to support formal verification for code correctness.
• The Proof of Stake algorithm requires significantly less energy and cost to operate.
• Smart contracts that can use formal verification for reliability and security.
• The on-chain upgrade technique allows for forkless and continuous upgrades.
• Modular architecture is developed for long-term scalability and regular upgradeability.