Tezos is a greek word which means smart contract people are calling tezos blockchain 3.0
blockchain 1.0 was bitcoin a digital currency,
blockchain 2.0 was not only a currency but a smart contact like ethereum
While blockchain 3.0 same as ethereum but with a governing system on the chain itself that is self governance.
Tezos is a decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitate formal verification, a technique which mathematically proving the correctness of the code
governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.
While all blockchains offer financial incentives for maintaining consensus on their ledgers, no blockchain has a robust on-chain mechanism to seamlessly amend the rules governing its protocol and explicitly fund protocol development. This is a big reference to bitcoin and ethereum because these blockchains offers financial rewards for maintaining their consensus in the case of bitcoin this are the block rewards for the miners.
Tezos takes a fundamentally different approach by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade.
This approach provides a strong incentive to contribute efforts
towards core development of the Tezos blockchain and further decentralizes the maintenance of the network. It compensates developers with tokens
that have immediate value rather
than forcing them to seek corporate
sponsorships, foundation salaries, or work for Internet fame alone.
Tezos tokens not only
power smart contracts in the network, but also allow votes on protocol amendments which means if you own these tezos tokens (texes) you be able will vote on protocol amendment so you are infact actively participating in the governing of the system pretty cool isn't. The initial Tezos rollout is
simple by design, but its self-amending nature means that the rules governing the network can be improved over time.
This project is in the making for three years with an astonishing team it is not like its a bunch of new guys that in a couple month just say let's develop for the blockchain world let's do an ICO and make lots of money, it totally not like that they have right mindset they work before hype and funding that is they have been doing this project for like three years and up to this day there isn't even an official announcement, threat on the bitcoin talk forum, while most people that make a new blockchain they just want funding as fast as possible they make a threat and starting hyping into the moon so this guys first get their work done do all the research, get a working prototype and then worry about all the hype and sell this is very unique in the crypto scene we don't see alot of teams going that way it ways the case with zcash, ethereum, and some other high profile blockchain system of cause I do advice people to you can go to their website Tezos Foundation and learn more about the foundation and the token generation event fully explained.
Why You Should Invest
1. It is recently that the hype around about this project has been starting and is getting real we have some article in some pretty high profile newspaper The Newyork Times, Reuters, it's a good project infact and we don't see slot of project of this high level in the crypto currency scene we don't see much blockchain projects that are truly innovating that has a totally new goal as such.
2. Secondly a billionaire investor Tim Draper the venture capitalist is going to participate in his first blockchain token sell he will be investing his funds in this project. What this venture capitalist like draper actually do is invest in a risky business they say I have $1million I take 10 project and in each they put 100,000$ it doesn't matter if 9 out of ten of these project go burst, if only one booms and goes times 50 I have made profit.
3. Thirdly there's is already a future contact on Bitmix that just announced recently that it will be launching two future contract infact during the ICO it will launch the first which predict how much the ICO will raise and second will be released after the token generation event has concluded this will give a prediction on the price that will be settled on the exchangers that will be listing the tokens and I also learnt they already in a conversation with two exchange.
It's a very interesting project and we don't see as much of these days
Note: This is any sort of investment advice, you should always do your own research before investing because this type of ICOs is a moon shoot it's either goes to the moon or goes to the ground, so take caution and good luck.
Hope this helps.
Credits : Lawerence @ The Blockchain Report
simple by design, but its self-amending nature means that the rules governing the network can be improved over time.
This project is in the making for three years with an astonishing team it is not like its a bunch of new guys that in a couple month just say let's develop for the blockchain world let's do an ICO and make lots of money, it totally not like that they have right mindset they work before hype and funding that is they have been doing this project for like three years and up to this day there isn't even an official announcement, threat on the bitcoin talk forum, while most people that make a new blockchain they just want funding as fast as possible they make a threat and starting hyping into the moon so this guys first get their work done do all the research, get a working prototype and then worry about all the hype and sell this is very unique in the crypto scene we don't see alot of teams going that way it ways the case with zcash, ethereum, and some other high profile blockchain system of cause I do advice people to you can go to their website Tezos Foundation and learn more about the foundation and the token generation event fully explained.
Why You Should Invest
1. It is recently that the hype around about this project has been starting and is getting real we have some article in some pretty high profile newspaper The Newyork Times, Reuters, it's a good project infact and we don't see slot of project of this high level in the crypto currency scene we don't see much blockchain projects that are truly innovating that has a totally new goal as such.
2. Secondly a billionaire investor Tim Draper the venture capitalist is going to participate in his first blockchain token sell he will be investing his funds in this project. What this venture capitalist like draper actually do is invest in a risky business they say I have $1million I take 10 project and in each they put 100,000$ it doesn't matter if 9 out of ten of these project go burst, if only one booms and goes times 50 I have made profit.
3. Thirdly there's is already a future contact on Bitmix that just announced recently that it will be launching two future contract infact during the ICO it will launch the first which predict how much the ICO will raise and second will be released after the token generation event has concluded this will give a prediction on the price that will be settled on the exchangers that will be listing the tokens and I also learnt they already in a conversation with two exchange.
It's a very interesting project and we don't see as much of these days
Note: This is any sort of investment advice, you should always do your own research before investing because this type of ICOs is a moon shoot it's either goes to the moon or goes to the ground, so take caution and good luck.
Hope this helps.
Credits : Lawerence @ The Blockchain Report
