A quick tour of the Tezos code base, and the state of its development

Introduction

Delegation upon launch

Tezos is a proof-of-stake blockchain with a delegation mechanism. How delegation is handled at the launch of the network could have enduring consequences for the network.

In Tezos’ proof-of-stake mechanism, the keys granting the right to sign blocks (“bake”) are…

“There is no need for hard forks”

But there will be hard-forks nonetheless

One of the most salient aspects of the Tezos ledger is its ability to self-govern by accepting and deploying protocol upgrades, on chain, without hard-forking. Participants in a…

The Myth of the Irrational Token Holder

Blockchain governance doesn’t fit squarely into any existing model.

Tezos is a blockchain with a first-in-kind implementation of a native governance mechanism. All proposed changes to the protocol are decided upon by the community…

Hard-Fork Politics, part 1

Like an idol with feet of clay, the oft-touted mathematical immutability of blockchains stands on a weak foundation so long as hard forks remain a possibility. Indeed, the rules of these protocols only bind those who choose to follow them.