Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. Tezos' modular architecture and formal upgrade mechanism allow the network to propose and adopt new technological innovations smoothly as they emerge. These aspects, combined with Tezos' on-chain invoicing mechanism, enable the protocol to remain state-of-the-art long into the future -- without sacrificing community consensus. In Tezos, all stakeholders may participate in network upgrades by evaluating, proposing, or approving amendments. Unlike in Proof-of-Work and other Proof-of-Stake networks, all stakeholders can help to secure the network (via baking or delegating), and avoid being diluted by inflation

The co-founders, Arthur Breitman, and Kathleen Breitman have been developing Tezos since 2014 with a core group of developers. The company is headquartered in Switzerland. As we have already said, they raised $232 million in an uncapped ICO in just weeks, accepting contributions of both bitcoin and ether. Shortly after their historic ICO, Tezos ran headfirst into a lot of management issues. To understand these management issues, you must know that the Tezos-founding company is named DLS (Dynamic Ledger Solutions), and the company that holds all the funds collected during the ICO is named “Tezos Foundation.” Arthur and Kathleen Breitman got into a public squabble with the President of Tezos Foundation, Johann Gevers. Apparently, Gevers, who was in control of the funds, refused to disburse the funds to the Breitmans. This dispute led to mayhem within the community and the estimated exchange rate plummeted. The Breitmans released a scathing statement on Gevers which included words like “self-dealing, self-promotion, and conflicts of interest”.Eventually, after a lot of drama and undesirable media attention, Gevers left the company after receiving more than $400,000 in severance. Now things are finally sailing smoothly.

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Tezos (XTZ) is a blockchain network linked to a digital token, which is called a tez or a tezzie. Tez is not mining-based and relies on a proof-of-stake mechanism. Tezos had a highly successful ICO, but it was followed by lawsuits and price declines. The idea of Delegated Proof of Stake is that Tezos holders vote on a selection of 101 delegates who create new blocks in the blockchain and collect block rewards. Each round of consensus consists of 101 blocks with each delegate assigned one block forge. If a delegate is unable to forge their assigned block, the activity in that block is moved to the next block. Because of the low number of block producers, DPoS protocol has slipped into losing its decentralization for throughput, which is in a way losing the basic idea of cryptocurrencies.The Tezos block is mined every ASIC. But this block is then divided between all miners. How long it takes to mine 1 block of Tezos for yourself depends on your hash rate, which is basically how powerful your mining setup is. For mining Tezos, you will get the best results with using GPU.

Well, if the BTC price appreciates post-halving, then the Tezos Foundation ICO resources will increase as well. Tezos and Chainlink are the top-performing cryptocurrencies as Bitcoin is consolidating with a week left before the halving. So far, Bitcoin has outperformed all other major assets this year, and it is one of the best crypto performers in 2020. Although Bitcoin's price plummeted in March amid a broader coronavirus-induced market sell-off, it is so far up around 30% this year. Tezos mitigates contentious hard forks via self-amendments and on-chain governance. Self-amendment helps in upgrading the blockchain without undergoing a hard fork. On-chain governance simply means voting on the platform over a proposed amendment. With a combination of on-chain governance and self-amendment events, the voting process can be modified and amended as needed. The stakeholders of the system (which we will talk about later) take care of the voting. The design of this system allows for a smooth evolution of the blockchain rather than having to hard work.

As of September 11, 2020Conversion rate for Tezos to INR for today is ₹185.24. It has a current circulating supply of 724 Million coins and a total volume exchanged of ₹9,544,160,095. Tezos with other useful market data including Tezos's market capitalization, trading volume, daily, weekly, and monthly changes, total supply, highest and lowest prices, etc. By default, the Tezos price is provided in USD, but you can easily switch the base currency to Euro, British Pounds, Japanese yen, Korean won, and Russian Roubles. Use buttons to switch between Tezos charts. By default, information is provided for the last week, but users are able to choose one day/week/month/year, three months of data, or custom period. There is a built-in feature of printing and downloading Tezos price charts. There is an opportunity to download data in.xls/.csv formats.

Tezos is an extremely intriguing project which unfortunately got overshadowed by all the behind-the-scenes drama. This project deserves a closer analysis because it is bringing in some interesting utility into the blockchain space. Now we need to wait and find out whether they can justify the hype they generated after their ICO. Helps with creating high-assurance code because it is easier to prove how the code is going to behave mathematically. Increases the readability and maintainability because each function is designed to accomplish a specific task. The functions are also state-independent. The code is easier to refactor and any changes in the code are simpler to implement. This makes reiterative development easier. The individual functions can be easily isolated, which makes it easier to test out and debug.

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