What is Tezos and how do I get a Tezos Wallet?
Tezos is a new platform for smart contracts and decentralized applications. 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. You can use our crypto wallet application to use as your Tezos wallet since it supports most major coins and Tezos wallet capabilities are now available with the latest update!
How does it work?
The Tezos protocol offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations. Proof-of-Stake (PoS) is the mechanism by which the various participants in Tezos reach consensus on the state of the blockchain. Unlike other PoS protocols, any stakeholder can participate in the consensus process in Tezos and be rewarded by the protocol itself for contributing to the security and stability of the network.
What does it aim to solve?
The Tezos blockchain was designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code. Tezos can upgrade itself without having to split (“fork”) the network into two different blockchains and disrupt the network effects that are formed over time.
What are the features of Tezos?
Smart Contracts & formal verification proof-of-stake. Self-amendment: Tezos can upgrade itself without having to split (“fork”) the network into two different blockchains.