Hi everyone and welcome to another Crypto
Top Things To Know Special. In this episode we will explore what Tezos is all about. Tezos is a blockchain network that’s based
on smart contracts, in a way that’s not too dissimilar to Ethereum. However,
there’s a big difference: Tezos aims to offer infrastructure that is more
advanced — meaning it can evolve and improve over time without there ever being a danger
of a hard fork. This is something that both Bitcoin and Ethereum have suffered since
they were created.
People who hold XTZ can vote on proposals for protocol upgrades
that have been put forward by Tezos developers. This open-source platform bills itself as
“secure, upgradable and built to last” — and says its smart contract language provides
the accuracy that is required for high-value use cases. According to Tezos, its approach
means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it
can embrace developments in blockchain technology. The technology underpinning Tezos was first
proposed in a white paper that was released in September 2014.
After a series of delays,
the Tezos mainnet launched four years later..