Tezos (XTZ)

Tezos is a self-amending blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. Tezos supports smart contracts and offers a platform to build decentralized applications

On-Chain Governance. The Tezos protocol offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations. Security

The Tezos blockchain was designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code. Proof-of-Stake. Tezos’ unique proof-of-stake consensus algorithm gives every stakeholder the opportunity to participate in the validation of transactions on the network and be rewarded by the protocol for doing so.

After Dynamic Ledger Systems (DLS) announced their adamant vision of developing a technology of the sort of Tezos in 2014, the cryptocurrency went to a dormant mode in the market as much was happening behind the scenes rather than on its marketing. The team spent quite a time developing the ledger system of Tezos and then finally in 2017, DLS butted heads with Tezos Foundation to hold its first ever Initial Coin Offering (ICO) event.
Tezos Foundation, under Johann Gavers, were able to draw a massive amount of hype and attention towards Tezos cryptocurrency in their first ICO which began on 1 July 2017. In a record breaking event, Tezos managed to raise $232 million which showcased the belief and trust the users put in the technology (Frankenfield, 2019).
However, things went downhill for both Tezos Foundation and DLS soon after their successful ICO launch. It was revealed that Arthur Breitman, a former employee of Morgan Stanley, had not disclosed his involvement in DLS and had built Tezos architecture while still working at Morgan Stanley. He was, for this reason, fined $20,000 by FINRA and suspended from associating himself with any broker-dealer firms (The Analyst Team, 2018).
In a turn of events, a public squabble between the Breitmans, who owned the intellectual rights of Tezos, and Johann Gavers, the head of Tezos Foundation, broke out. Gavers refused to release the funds generated through the ICO to DLS. As a result of the dispute, the launch of the Tezos platform was delayed and it led to a mayhem within the Tezos community. After a lot of undesirable media attention, Gavers decided to step down from Tezos Foundation. He left the company with a severing amount of $400,000 and a broken image of the Foundation. However, since then, the developments regarding Tezos have streamlined and things are getting back into shape (Mitra, 2019).
Though no official statistics are available, it is believed that Tezos Blockchain will generate a whopping 10 billion Tezos Tokens. This might create inflation issues.

1.5

Tezos network has been developed by Dynamic Ledger Systems (DLS) under the technical leadership of CTO Arthur Breitman. The code is placed under the MIT Open Source License and all development works happen on GitLab. Code development is solid.

3.8

Tezos is a ‘decentralized Blockchain that governs itself by establishing a true digital commonwealth and facilitates formal verification’, according to its official website. Unlike Bitcoin and other cryptocurrencies, Tezos does not rely on mining of Tezos (XTZ) tokens to process its transactions, rather makes use of the proof-of-stake methodology. The main purpose of launching Tezos was to bring a revolution in the cryptocurrency technology, by redefining the building blocks of the transaction process so that each could be upgraded and replaced in a modular way. The intention was to create a cryptocurrency that can be governed decentral. The company defines Tezos’ goal to become “the last cryptocurrency” in the sense that all the innovative changes of competing technologies could be readily accepted and incorporated in the Tezos Blockchain. This will allow Tezos to be updated and bear the latest version of Blockchain technology always (Frankenfield, 2019).

4.6

Tezos is a distributed ledger based on Blockchain technology, just like Bitcoin and Ethereum. Its consensus mechanism is a Proof-of-Work system and it makes use of ‘smart contracts’. Not only that, what it does in a rather revolutionary development, is it takes the concept of smart contracts one step further, by “letting the participants directly control the rules of the network”. The modular architecture of Tezos gives it a competitive edge as flexibility and scalability are two major issues which have halted Bitcoin from growing. The project currently has a beta status as it's far from being finished (Smith, 2018).

2.0

Tezos was founded by Arthur Breitman and Kathleen Breitman in 2014. With a team of core developers, the two started working on the technology with their headquarters located in Switzerland. Arthur and his wife control the founding company Dynamic Ledger Solutions (DLS) and own the intellectual property rights of the Tezos technology. The token’s ICO was organized by Tezos Foundation which is headed by Johann Gavers (The Analyst Team, 2018).

1.9

Since the recent positive developments for Tezos, things are changing towards the right direction, but technical hurdles might break this projects neck. The crypto revolution might’ve to wait for a longer time.

2.7

Just like Ethereum, Tezos offers a Blockchain platform which allows users to develop their own DApps and software protocols. According to the official website, more than 1000 different developers are working on different projects. Some of the notable projects listed by the official website are Tezos Agora, TZ Hunt, Tezsure and Pocket Network.

4.4

Tezos holds a lot of potential. The modular approach that it suggests, gives a whole new meaning to the development of Blockchain technology. If Tezos manages to get its breakthrough, it could create enormous new markets.

5.0

Tezos is considered to be the latest technology among several cryptocurrencies. As defined in its goal, it aims to become a type of tool that is sufficient for everything, by adopting and upgrading its own network to compete with all other cryptocurrencies. If everything works out, it might be able to substitute every other cryptocurrency including Bitcoin and Ethereum.

3.5

Tezos has finally put down their foot in market and is building partnerships with notable firms. In a recent development, Tezos Foundation has announced in a public statement that they have signed MoU worth $1 billion with Brazil’s largest investment bank, Banco BTG Pactual and a Dubai based asset management firm named as Dalma Capital (Vitaris, 2019). Other partnerships were built with two research groups.

4.1

Tezos has recently made its ways into the mainstream media and has become the talk of the town. Before this, it was not well-represented within its community and in front of the general cryptocurrency users at large. However, this trend is changing and many forums are coming forward where Tezos is properly represented and talked about.

3.2

Tezos is looked after by the Tezos Foundation. There is a team of advisors and developers who constantly work towards the better development and representation of the cryptocurrency. Among the developing team are Arthur Breitman, Kathleen Breitman and Vincent Bernardoff. The advisors include Andrew Miller, Emin Gun Sirer and Zooko Wilcox.

2.5