Tezos Blockchain - Explained

Tezos is a blockchain network similar to  Ethereum for developing and deploying smart contracts and decentralized applications. Tezos is the first self-evolving blockchain in the globe.

Tezos is a P2P, distributed, and permissionless blockchain network aiming to make a few notable improvements and innovations in the blockchain.

History of Tezos 

Tezos was started developing in early 2014 but has its first launch in 2018.

Founders: Arthur Breitman &  Kathleen Breitman
Founded Year: September 2018
Headquarters: Switzerland
Fund Raised in 1st ICO: $232 million
Tezos-founding company is named Dynamic Ledger Solutions ( DLS )

Tezos Architecture

In general, a generic blockchain protocol is divided into three layers as follows :

1. Network Layer: This protocols hold the responsibility of peer listening and broadcasting it between its nodes, simply known as gossip protocol.

2. Transaction Layer: This transaction protocol defines the accounting model that is being implemented by the blockchain network.

3. Consensus Layer: This protocol helps blockchain reach agreements on the state of transactions, which is pretty self-explanatory.

In Tezos, the network shell provides communication between the network layer and the blockchain layer. Blockchain Layer is nothing but the combination of transaction and consensus layer of tezos.

Get thr working of Tezos at What Is Tezos Blockchain ? How It Works ?