What is Tezos ?

1
What is Tezos?

• www.bitdeal.net

2
Introduction

• Blockchain technology is booming up the digital
  world in recent days. This paved a way for
  creating separate blockchain network for various
  industries like music, games, etc. There evolved
  blockchain networks such as Ethereum, EOS, TRON,
  Steller, Waves, etc till date. Tezos has been
  added up next in the list of the blockchain
  network, but tezos will not be just one among
  them.
• Let's have a look at why tezos creating a huge
  hype in blockchain industry? what is the
  specialty of tezos? and what if the tezos
  blockchain has been implemented in real time
  applications?

3
Tezos

• Tezos is a blockchain network similar to
  Ethereum for developing and deploying smart
  contracts and decentralized applications. Tezos
  is the first self-evolving blockchain in the
  globe.
• Tezos is a P2P, distributed, and permissionless
  blockchain network aiming to make a few notable
  improvements and innovations in the blockchain.

4
History of Tezos

• Tezos was started developing in early 2014 but
  has its first launch in 2018.
• Founders Arthur Breitman Kathleen Breitman
• Founded Year September 2018
• Headquarters Switzerland
• Fund Raised in 1st ICO 232 million
• Tezos-founding company is named Dynamic Ledger
  Solutions ( DLS )

5
Difference between Tezos and Ethereum

• The smart contract language of the Tezos
  blockchain is Michelson whereas the smart
  contract language of Ethereum is Ethereum Virtual
  Machine (EVM ).
• Both EVM and Michelson are stack-based
  programming language which works by mutating a
  sequence of data elements to some sequence of
  instructions.
• The main difference between Michelson and EVM are
  
• Michelson is written in a human-legible text
  format and EVM operates as bytes.
• Michelson data elements are typed but it is not
  the same in EVM.

6
Tezos Architecture

• 1. Network Layer This protocols hold the
  responsibility of peer listening and broadcasting
  it between its nodes, simply known as gossip
  protocol.
• 2. Transaction Layer This transaction protocol
  defines the accounting model that is being
  implemented by the blockchain network.
• 3. Consensus Layer This protocol helps
  blockchain reach agreements on the state of
  transactions, which is pretty self-explanatory.
• In Tezos, the network shell provides
  communication between the network layer and the
  blockchain layer. Blockchain Layer is nothing but
  the combination of transaction and consensus
  layer of tezos.

7
Working of Tezos

• To understands the working of tezos , we must
  know about the utility of special characteristics
  of Tezos.
• 1. On-Chain Governance
• 2.The liquid Proof-of-Stake consensus mechanism
• 3.Smart contracts with verifications
• Get a detailed description about working of tezos
  at What Is Tezos Blockchain ? How It Works ?

8
Tezos - Holding the future of Blockchain

• Tezos is introduced with the aim of providing a
  better space for cryptocurrency, decentralization
  and smart contracts. Thus introduces as a
  self-evolving blockchain tezos plays a better
  role in the cryptocurrency globe.
• Tezos team works for the better delivery of all
  the aspects and projects on their network. Let us
  hope for more development of smart contracts and
  decentralized applications on tezos blockchain
  network.
• Bitdeal provides Blockchain Consultation service
  through which you can connect their team of
  blockchain experts to know the potential about
  various blockchain networks.