Hi All,
For this week, I brought the overview of Tezos that has been leading a decentralized cryptocurrency eco-system in the industry.
As all of you know, Tezos evolves by upgrading itself that enables stakeholders to vote on amendments to the protocols to reach the social consensus on proposals.
Tezos has much more advanced and adaptable features than other cryptocurrencies that work for the community and Tezos eco-system which truly is unprecedented: 6 crucial features that drive Tezos and, for this week, there are three of them are introduced.
Here are those what Tezos has for you and take a deep look into it.
[Self-Amendment]
In Tezos world, the network will not be split into two different blockchains. Without self-amendment, serious problems are expected such as dividing the community, altering incentive procedures, and disrupting the network. However, Tezos has resolved the problem and the future innovation already has implemented.
[On-Chain Governance]
All stakeholders in Tezos can participate in improving the protocol governance for Tezos. The equal election cycle facilitates a systematic and formal protocol amendment that is done by stakeholders.
[Decentralized Innovation]
Tezos eco-system also allows Stakeholders of Tezos to participate in the protocol amendment for the payment toward individuals and groups. This encourages the decentralization of the network operation. The developer-friendly eco-system will facilitate Tezos development and adoption.
It is already good enough to follow Tezos but there are 3 more things to worth find and I will be back with those three next week(:
If anyone is interested to read the full original article, please go to Tezos's website as below;
https://tezos.com/resources/
See you very soon with another insight of Tezos!
Thanks,
Do Baking! @ http://tezdele.io
Sincerely,
Rooney
I often wonder if the on-chain governance is really an improvement or not. It seems like the rich will be able to purchase a lot of tokens thus giving them a larger voting block. In turn this allows them to make policies that favor those with large holdings. Or is there some kind of block to prevent this?
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