What is Tezos (XTZ)?
Tezos is similar to Ethereum, but aims to be faster than other blockchains.
Tezos is designed to provide the safety and code correctness required for assets and other high value use cases. Its native smart contract language, Michelson, facilitates formal verification, a methodology commonly used in mission-critical environments such as the aerospace, nuclear, and semiconductor industries.
and Incentive Alignment
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.
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 the state-of-the-art long into the future - without sacrificing community consensus.
Proposed amendments that are accepted by stakeholders can include payment to individuals or groups that improve the protocol. This funding mechanism encourages robust participation and decentralizes the maintenance of the network. Fostering an active, open, and diverse developer ecosystem that is incentivized to contribute to the protocol will facilitate Tezos development and adoption.