Tezos (XTZ) is a decentralized blockchain that can evolve by upgrading itself, aiming to combine a self-amending protocol and on-chain governance to manage network modifications. Stakeholders in the Tezos network vote on amendments to the protocol to reach a consensus on proposed changes, a process that encourages community participation and decentralization.
The Tezos protocol offers a formal process through which stakeholders can efficiently govern the platform and implement future innovations. Its smart contract language, Michelson, is designed to facilitate formal verifications, allowing developers to write more secure code.
The project was founded by Arthur Breitman and Kathleen Breitman, with the initial whitepaper being released in 2014. The development of Tezos was overseen by the Tezos Foundation.
Tezos had one of the most notable Initial Coin Offerings (ICOs) in history, raising $232 million in July 2017.
The Tezos network officially launched its mainnet in September 2018, marking the creation of its first block.
Since its launch, Tezos has seen various developments and partnerships, with a growing ecosystem of dApps, DeFi platforms, and NFT projects being built on the platform.
Above are only for introduction, not intended as investment advice.