Tezos XTZ White Paper

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Hello and welcome to this blog post about Tezos XTZ white paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the Tezos XTZ white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the Tezos.

I can ensue you that, you will be able to understand every bits and pieces related to Tezos after going through the Tezos XTZ white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Tezos XTZ White Paper

Tezos XTZ white paper will be going to provide you, all the information that is needed to get started with Tezos, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Tezos.

Introduction

We present Tezos, a generic and self-amending crypto-ledger. Tezos can instantiate any blockchain based ledger. The operations of a regular blockchain are implemented as a purely functional module abstracted into a shell responsible for network operations.

Bitcoin, Ethereum, Cryptonote, etc. can all be represented within Tezos by implementing the proper interface to the network layer.

Most importantly, Tezos supports meta upgrades: the protocols can evolve by amending their own code. To achieve this, Tezos begins with a seed protocol defining a procedure for stakeholders to approve amendments to the protocol, including amendments to the voting procedure itself.

This is not unlike philosopher Peter Suber’s Nomic[3], a game built around a fully introspective set of rules. In addition, Tezos’s seed protocol is based on a pure proof-of-stake system and supports Turing complete smart contracts.

Tezos is implemented in OCaml, a powerful functional programming language offering speed, an unambiguous syntax and semantic, and an ecosystem making.

Tezos a good candidate for formal proofs of correctness. Familiarity with the Bitcoin protocol and basic cryptographic primitives are assumed in the rest of this paper.

White Paper Link: Tezos Whitepaper

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