Review on Tezos by Othere Obtentus
Blockchain that can be modified
Tezos is a stable, prospective, smart contract blockchain including an integrated consensus system. The company developing the blockchain aims to set up a "modern virtual commonwealth" via the consensus system.
The goal is indeed clear. The platform will merge new technologies throughout times without jeopardizing hard forks that disrupt the market. In contrast, one of the advantages of Tezos blockchain is how it relies upon a lesser energy-hungry protocol than Bitcoin or Ethereum. The protocol has less computational complexity and is less energy-consuming, but also uses a reliable proof-of-state algorithm. Tezos' future goal is to develop a blockchain technology that conducts effectively than Bitcoin. It aims to provide consumers with financial benefits for upholding consensus on their ledgers
Pros
- Participative management through voting systems
- Energy efficient
- Platform for Dapps and Smart contracts
- Financial incentives for holding
- Future oriented
Cons
- Cut-throat competition
- Poor execution
