What is Tezos?

Tezos is a blockchain platform that emphasizes code security, on-chain governance, and decentralization. Proposed in 2014 and launched in 2018, it was founded by Arthur and Kathleen Breitman. The platform utilizes a Liquid Proof-of-Stake consensus mechanism, allowing stakeholders to participate in the consensus process either directly or through delegation. Tezos features an on-chain governance system that permits stakeholders to propose and vote on protocol upgrades, facilitating self-amendment without resulting in forks.

The Tezos protocol incorporates formal verification to ensure that smart contracts are developed with minimal bugs, making it suitable for applications requiring high security. The project has focused on improvements such as scalability and support for various mainstream programming languages. With an uninterrupted track record since its mainnet launch, Tezos aims to create a robust ecosystem for assets and applications while empowering its community.