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Can you, in one sentence, explain what Tezos is? Something of the form: Uber - Order a taxi with your phone Facebook - Connect with your friends online Googl

Can you, in one sentence, explain what Tezos is? Something of the form: Uber - Order a taxi with your phone Facebook - Connect with your friends online Google - Find stuff on the internet Wikipedia - An encyclopedia that anyone can edit Amazon - Buy stuff online, without going anywhere Tezos - ??? (And "Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth" doesn't count as an explanation).

taysic 9y ago
It's a competitor to ethereum - a place to create more ICOs basically from what I understand. Maybe they're running out of ideas
- discombobulate 9y ago
  Token sales may end up being worth a ton of money. There's going to be competition.
dsfjksdf 9y ago
It's Ethereum with the claim of having a better language for the contracts (enabling automatic verification). I don't think it makes that much sense, after all, you could also create another language that compiles to Solidity, and that is verifiable. I mean it is OK, just not as much of an improvement as they make it sound.
- DennisP 9y ago
  Or create another language that compiles to the Ethereum virtual machine. There are several already, and at least two in development designed to be better for formal verification.
  - dsfjksdf 9y ago
    Yes that is what I meant - I don't know Ethereum as well, so I assumed Solidity is the already the level of the VM (the "assembly"). Thanks for clarifying!
DoctorBit 9y ago
Tezos - Participate in the governance of your cryptocurrency. Read the source code of any smart-contract on the blockchain. As I understand it, the source code of tezos itself is stored on its own blockchain. Any modifications to the source are proposed by and voted on by owners of the tezos currency (weighted by how much they own). Also, unlike Ethereum, smart contracts are stored as source code on the blockchain, rather than as compiled bytecode.
olala69 9y ago
Tezos - An Ethereum where the smart contract language ambiguity and procedural nature of the code doesn't result in hundreds of millions in theft.

taysic 9y ago

It's a competitor to ethereum - a place to create more ICOs basically from what I understand. Maybe they're running out of ideas

discombobulate 9y ago
Token sales may end up being worth a ton of money. There's going to be competition.

dsfjksdf 9y ago

It's Ethereum with the claim of having a better language for the contracts (enabling automatic verification). I don't think it makes that much sense, after all, you could also create another language that compiles to Solidity, and that is verifiable. I mean it is OK, just not as much of an improvement as they make it sound.

DennisP 9y ago
Or create another language that compiles to the Ethereum virtual machine. There are several already, and at least two in development designed to be better for formal verification.
- dsfjksdf 9y ago
  Yes that is what I meant - I don't know Ethereum as well, so I assumed Solidity is the already the level of the VM (the "assembly"). Thanks for clarifying!

DoctorBit 9y ago

Tezos - Participate in the governance of your cryptocurrency. Read the source code of any smart-contract on the blockchain. As I understand it, the source code of tezos itself is stored on its own blockchain. Any modifications to the source are proposed by and voted on by owners of the tezos currency (weighted by how much they own). Also, unlike Ethereum, smart contracts are stored as source code on the blockchain, rather than as compiled bytecode.

olala69 9y ago

Tezos - An Ethereum where the smart contract language ambiguity and procedural nature of the code doesn't result in hundreds of millions in theft.