2Tezos is a lot like Ethereum. It is a platform to create smart contracts and Dapps that are censorship-free.
As with the current iteration of Ethereum, Tezos runs on Proof-of-Stake. This means there is no crypto mining involved.
It also features a governance model to ensure that people who own the coin have a say in decisions regarding the future of Tezos.
Who invented Tezos?
Tezos was developed by Kathleen Breitman, who was a senior strategy associate for R3, a large blockchain consortium, and her husband Arthur Breitman, a quantitative analyst who worked at Goldman Sachs and Morgan Stanley.
A brief history
In August 2014, Arthur Breitman published two white papers outlining Tezos. They criticized the inability of Bitcoin to adapt and suggested Tezos as a cryptocurrency that would survive by evolving.
The Tezos ICO was held in July 2017 which raised $232 million. A beta network was launched in June, 2018, which progressed to mainnet on September 17, 2018.
What’s so special about it?
* ⚖️ Self-governance - It has a democratic voting mechanism so coin owners can choose the way it is upgraded over time.
