tezos

Tezos is a decentralized, open-source network that uses blockchain technology to allow peer-to-peer transactions. The company operates as a deployment platform for smart contracts. With the support of a large international community of validators, researchers, and builders, Tezos removes major obstacles to the adoption of blockchain for assets and applications. 

Company Details

• Founders: Arthur Breitman, Kathleen Breitman
• Founded: 2014

Key Features:

• Offers smart contract security, long-term upgradeability, open involvement, and teamwork. 
• Tez (XTZ) is the native token of the Tezos blockchain used to communicate with dApps, pay fees, stake the network, and engage with dApps.
• Proof-of-stake is used by the Tezos network to reach a consensus.
• Designed to be scalable, flexible, and upgradeable.
• Offers low transaction fees making it more accessible to daily developers and users.

FAQs

1. What are Tezos' use cases?

It can be used for various purposes including non-fungible tokens, decentralized finance, tokenization of assets, governance tools, and decentralized applications.

2. What security measures does Tezos implement?

Formal verification, cryptographic encryption, Liquid Proof of Stake (LPoS), and Byzantine Fault Tolerance (BFT).