Tezos is a self-amending cryptographic ledger.
- What is Tezos (XTZ)?
Tezos is a self-amending blockchain protocol which supports smart contracts and decentralized applications to be built on top.
Upgrades to the protocol will be made in a structured framework through transparent decision-making from the community/stakeholders.
It is built with a very robust underlying security and automated verification of code.
- How was Tezos launched?
The Tezos Foundation sold 80% of all ꜩ tokens for $232 million in July 2017 through an uncapped ICO. 10% were reserved for the Foundation and another 10% for the development team.
After some misalignments with the previous head of the Foundation, the community decided to propose a new management. Now the Foundation is led by fully-committed community members, who finally pushed the launch of the main network to the 01.07.18.
- Who is the team behind Tezos?
Tezos is an open source project and allows anyone to contribute.
The Tezos Whitepaper was written in 2014 by Arthur Breitman. Since then the Codebase has been developed by his company Dynamic Ledger Solutions.
Now the Tezos Foundation is assigning funds to many other companies and individuals who help to develop the protocol and the infrastructure around.