Evolutionary, revolutionary, and everything in-between.
Institutional Grade Security.
Tezos is designed to provide the safety and code correctness required for assets and other high value use cases at both the protocol and application layers by leveraging languages OCaml and Michelson, which facilitate formal verification, a practice commonly used in mission-critical industries, spanning from nuclear and aerospace to semiconductor and others.
Governance by the People.
The Tezos platform was built with mechanisms to ensure active community governance and participation. Users can actively participate by evaluating, proposing, or approving amendments to Tezos. This design empowers the type of collaborative innovation that keeps Tezos on the bleeding edge of technology.
An Energy-Efficient Algorithm.
Unlike Proof-of-Work blockchains like Bitcoin or Ethereum, Tezos’ Proof-of-Stake requires significantly less energy and cost to operate, making it an ideal alternative platform for building blockchain applications that are eco-friendly.
Smarter Smart Contracts.
Tezos is one of the leading smart contracts Proof of Stake blockchains. Tezos smart contracts can use formal verification, allowing them to be mathematically verified, reliable, and secure.
Seamlessly, Forklessly, Endlessly Upgradeable.
Tezos is built to adjust, adapt, and add features and functionality through its proven on-chain upgrade mechanism.
Tezos is built to remain state-of-the-art. Its modular architecture and formal upgrade mechanism minimizes disruptions while offering regular upgradability and enhanced functionality over time.
A community governed,
ever-evolving technological vision.
Tezos continuously adds the latest innovation, seamlessly leveling up to deliver novel and new capabilities within the space through its upgrade mechanism. See how far we’ve come and help us imagine where Tezos will go in the future.
Upcoming Protocol Upgrade
The Tezos protocol was upgraded successfully on 4 December 2021.
A new proposal has been submitted and is being evaluated and considered by the community.
Learn all about it here.Learn more
Introduced Liquidity Baking, which mints a small amount of tez every block and deposits it inside of a constant product market making smart-contract. This incentivizes large amounts of decentralized liquidity between tez and tzBTC. Included several improvements that led to a 3-6x decrease in gas consumption of popular contracts.Learn more
Doubled maximum size of operations, which more than doubled the maximum size of smart contracts. Furthered gas optimizations as well as sped up gas arithmetic by a factor of ten. Enabled more intuitive smart contract development by adopting depth-first execution order. Deactivated unused Test Chain in the Economic Protocol, resulting in more streamlined amendment process.Learn more
Added Sapling and BLS12-381 to enable privacy-preserving smart contracts and tickets for native permissions. Updated amendment process by lowering period length to 5 cycles and adding a 5th Adoption Period.Learn more
Improved gas costs. Reduced storage costs by a factor of 4 to reflect improvements in the underlying storage layer.Learn more
Increased gas limit per block and per operation; improved the accuracy and resiliency of the formula used for calculating baking and endorsing rewards.Learn more
Introduced a more robust version of the blockchain’s consensus algorithm (Emmy+); simplified smart contract development; refined the delegation process.Learn more
Increased gas limit per block and reduced the roll size from 10,000 ꜩ to 8,000 ꜩLearn more