What is Tezos?

Tezos is a public, open-source blockchain protocol relying on a low power consumption and energy-efficient consensus. The protocol also incorporates a self-amending governance system, which allows continuous improvements while preserving the integrity of this consensus. This is a rare feature that eliminates hard forks troubles. Tezos is also fundamentally designed to provide code safety through Formal Verification.

Tezos key points​

Compared to previous blockchains generation (mainly Bitcoin and Ethereum), Tezos stands out through 3 main characteristics:

• Self-amending governance: avoiding hard forks (e.g. Ethereum / Ethereum Classic)

• LPoS (Liquid Proof of Stake) consensus mechanism: consuming far less energy

• Smart contracts codes can be written with "Michelson" language: facilitating Formal Verification