Tezos - The Self-Amending Cryptographic Ledger

When I first read about Tezos, I thought: "wait, they're doing a blockchain now, after their wallet?" Of course, I was confusing Tezos with Trezor, the popular hardware wallet for Bitcoin, Ethereum and a few other cryptos. Well, like I said in another article, we do live in a cryptocurrency information overload stage.

Back to Tezos, now. According to their website, "Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth." I admit I am a little bit turned off by the pretentious language, not only in crypto, but in every other area. Hyped doesn't necessarily means good. Nevertheless, I continued to read and I found a few interesting things:

• Tezos will launch in 16 days, with an ICO (read more about this in their whitepaper)

• Tezos is not a spin-off of Bitcoin, nor a mashup on top of the Ethereum blockchain, it's written from the ground up

• there won't be any PoW, only PoS based on the consensus mechanism. It's not yet clear how this will happen, but hopefully we will learn more as the ICO approaches

• Tezos stands for "smart-contract" in ancient Greek. Had no idea that Greeks had smart contracts.

• Apparently, the platform was founded by a couple (might be gossip, but if it's true, then it's cute)

• The IP of Tezos might have been disputed between different legal entities, but now it seems things are settling down, according to this article.

• Last, but not least, according to a few recent articles, like this one, Tim Draper announced he will be participating in this ICO, which, by itself, it's a lot of good PR. Tim Draper is a well known VC investor (participation in Skype, among others).

Will keep an eye on this one too.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.