Tezos
Tezos is a public blockchain that runs smart contracts, the programs used to manage transactions and digital assets. Developers build applications on a shared network maintained by independent participants. The network processes their instructions under common rules, giving applications a shared record of the assets and transactions they handle.
Tezos includes a governance process for proposing, testing and activating changes to the network protocol. Participants use the blockchain's voting procedures to decide on proposed upgrades to those rules. The process provides a defined way to develop the network while continuing to operate the same chain and the applications that depend on it.
Proof of stake and protocol upgrades
Tezos is an open-source blockchain for digital assets and applications. Arthur and Kathleen Breitman created it in 2014 and the network launched in 2018, according to the Tezos documentation. Tezos runs on proof of stake with the native token tez (XTZ). Token holders vote on protocol upgrades, and an accepted upgrade goes live without splitting the chain.
Securities settlement in central bank money
The Banque de France ran nine experiments with wholesale central bank digital currency and published its report in November 2021. Societe Generale-FORGE was among the firms it selected, and SG-FORGE chose Tezos for its experiment on the delivery and settlement of securities against a digital euro.
SG-FORGE names Tezos next to Ethereum as a public blockchain on which it registers structured products of the Societe Generale group.
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Is Tezos a blockchain?
Yes. Tezos is a public proof-of-stake blockchain with smart contracts. Tezos' native token is tez (XTZ).
How does Tezos change its rules?
Token holders vote on protocol upgrades on chain. An accepted upgrade goes live without a hard fork.
Bonds and settlement
Tezos and Finance Loop
Finance Loop covers public blockchains by what banks and asset managers issue and settle on them: bonds and structured products in the Investment & Digital Assets track, central bank money and stablecoins in Payments & Digital Money.
Finance Loop and the Digital Euro Association are partners for knowledge exchange on the digital euro and stablecoins.
Finance Loop is a professional network supporting the institutional use of emerging technologies in finance, such as AI, digital payments, cloud and blockchain solutions. Finance Loop helps its members build skills and personal networks in these fields: Investment & Digital Assets, Payments & Digital Money, Digital Infrastructure & Sovereignty, and Risk & Compliance.