Tezos dApp platform — A Complete Guide

Who is behind Tezos?

What is Tezos?

Source: LeewayHertz
  • Mainnet
  • Alphanet
  • Zeronet

How does Tezos Blockchain Platform work?

  • Network Protocol
    The network protocol includes downloading the blockchain, broadcasting blocks to networks and detecting peers.
  • Transaction Protocol
    The scripting language used in building cryptocurrency defines the transaction protocol. For example, the Unspent Transaction Output Model (UTXO) in case of Bitcoin. Considering the example of Bitcoin, the transaction protocol includes codes that mine Bitcoins and uses the digital signature to validate the transaction. Everything that makes a transaction happen is included in the transaction protocol. Changes made in the transaction protocol are “soft forks” that does not affect consensus algorithms and does not divide the chain into two different chains when compared to hard forks.
  • Consensus Protocol
    Consensus Protocol is one of the efficient ways in the blockchain to reach consensus across all the nodes in the network. For example, Bitcoin uses proof of work while Tezos uses an advanced type of proof of stake, also referred to as “delegated proof-of-stake.”
  1. The Node
  2. The Client
  3. The Baker
  4. Aggressor

1.Tezos Node

2. Baker

3. Tezos Client

4. Aggressor

Features of Tezos dApp Platform

On-Chain Governance

  • Binding code modifications
  • Faster Consensus
  • Decentralized Decision-Making Process
  • Fewer Malicious Hard Forks
  • Transparency

Self-amendment mechanism

Smart Contracts and Formal Verification

Delegated Proof of Stake

Benefits of On-Chain Governance

  1. Tezos Blockchain Platform can upgrade without hard forking because the Tezos community fixes the upgrade to clear rules. It helps in avoiding inactivity and keep enhancing.
  2. Tezos allows any stakeholder to be a part of the consensus mechanism and receive rewards for contributing to the stability and security of the network.
  3. Just like other blockchain platforms, Tezos allows blockchain developers to write smart contracts and build Apps. Tezos’s native smart contracts language, Michelson, enables formal verification that is widely used in mission-critical environments like nuclear, aerospace and so on.
  4. Tezos has a modular architecture and formal upgrade mechanism. Its self-amendment mechanism allows the network to implement and adopt new technological innovations from time to time.
  5. Tezos dApp platform provides systematic and formal procedures to reach an agreement on proposed protocol amendments.
  6. Tezos platform ensures the safety and code correctness for high-value use cases.

How to build dApps on Tezos?

Conclusion

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Full-stack software development company for startups and enterprises using blockchain, AI, IoT, AR and cloud computing. https://www.leewayhertz.com

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LeewayHertz

LeewayHertz

Full-stack software development company for startups and enterprises using blockchain, AI, IoT, AR and cloud computing. https://www.leewayhertz.com

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