Tezos overview

Tezos is an open-source, decentralized blockchain created in 2014 by Arthur and Kathleen Breitman. It raised awareness and support in 2017 with its crowdfunding and launched the following year. Since its inception, Tezos has gone through multiple iterations of upgrades and development, staying true to its ethos -- "a blockchain designed to evolve".

Tezos has robust applications ranging from NFTs, DeFi, and gaming to enterprise and government use cases.

Cutting-edge developments on Tezos

With recent Tezos upgrades heavily focusing on scaling solutions, Tezos has been at the forefront of blockchain research. Up to 1 million transactions per second (TPS) are theoretically possible on Tezos with the advent of Smart Rollups, which have emerged as a strong scaling solution. With Smart Rollups (also known as optimistic rollups), transactions can be performed more quickly and cheaply and use other VMs that “roll up” their state changes onto Tezos.

Etherlink is another exciting technology in development that will greatly enlarge the possible applications and versatility of Tezos. Etherlink builds on Smart Rollups and combines them with DAL (Data Availability Layer) to provide an EVM-compatible Layer 2 solution which is truly decentralized, low-latency, and low-cost.

These innovations demonstrate the ongoing dedication of Tezos to foster innovation in the blockchain industry.