Review on Tezos by Olugbenga Ajayi

Name: Tezos
Item: Tezos
Rating: 3

August 12, 2020

Texos is a transparent project

T﻿exos is a blockchain network known with it's digital token XTZ. It was founded by Arthur and Kathleen Breitmen in 2017. By July of the same year, it's ICO took place and it earned a record $232 million from the sale. This likely led to a lot of rancour because initially the founders left the control of the project in the hand of the foundation they created in which the founders were not members. This causes several legal battles that kept the growth of the project on hold until the case was won. Since then it has been a very profitable project to the extent that since late 2019 till date, the increase the token XTZ has experienced is phenomenal.
One beautiful thing about Texos is that it was built from scratch and never forked from another project and never built on the source code of another network. This makes it an independent blockchain.
The project possess most common features of every cryptocurrency project like decentralization, transparency etc but the special feature about it is the kind of governance mechanism it uses. It makes use of a form of proof of stake consensus mechanism called liquid proof of stake (Lpos). This leaves the decision on of the project, the development, the maintainance  in the hands of the stake holders and not in the hand of the development team. We have heard about some cryptocurrency project that large sum of the ICO of some companies were bought by the owner or the team but in Texas nothing like this can ever take place. Decisions are democratized and decentralized.
When stake holders participate in decisions making they earn reward in form of XTZ.  The stakeholders also have a lot of say in all issues concerning future  innovation.
Texos is going to become one of the trully most decentralized and transparent cryptocurrency project in the world.﻿
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