Review on Tezos by Amit Singh
Formalizing blockchain governance.
Regardless of what innovations other protocols generate, it is possible for stakeholders to embrace these innovations. Moreover, the ability to solve complex operations problems and easily apply protocols makes it one of the most responsive cryptocurrencies.
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At the moment it is safe to say that it has taken their place as a potential disruptive project.
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Pros
- All stakeholders can participate in the management of the protocol. The electoral cycle provides a formal and regulatory process for stakeholders to reach an agreement on the proposed protocol amendments. By linking this on-chain process to self-correction, it could change this initial selection process for more effective management if discovered.
- It was contemplated to facilitate well-regulated verification, which helps secure smart contracts and stave off buggy codes.
- Unlike other POS protocols, any stakeholder can participate in the sens reduction process, and the protocol itself can be rewarded for contributing to the security and stability of the network.
Cons
- Competitors are something that investors will be concerned about but with careful research it has its own advantages.
