Review on Tezos by Paul Sletten
https://tezos.com/ Seems like a partially finished product, although withβ¦
https://tezos.com/
Seems like a partially finished product, although with significant upside. I can't bake today, but I might be inclined to sign some blocks some day.
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Pros
- ETH shaped object. Uses Proof of stake uses Slasher, chain of activity and proof of burn to combat dishonest participants. Smart contracts and Dapps on this platform can use the Formal Verification technique to improve security. Their version of nodes is called Bakers or Baking - signing and publishing blocks. Must be staked to bake.
Cons
- Self Amending protocol allows updates without forking. It addresses the forking issue, potential community splitting on issues, but it removes the strength of consensus - but governance is performed on chain. The Tezos foundation holds final sway for any voting irregularities for the first year.
