About Tezos foundation
Tezos Foundation: Driving Innovation on a Global Scale
The Tezos Foundation is a non-profit organization that was established in Switzerland in 2018. The foundation's mission is to promote the development and adoption of the Tezos blockchain, which it believes will drive social, political, and economic innovation on a global scale.
Tezos is a decentralized blockchain platform that allows developers to create smart contracts and decentralized applications (dApps). It was created by Arthur Breitman and Kathleen Breitman, who envisioned a blockchain platform that could evolve over time without requiring hard forks or other disruptive upgrades.
One of the key features of Tezos is its on-chain governance mechanism. This allows stakeholders to vote on proposed changes to the protocol, ensuring that the network remains secure and adaptable. In addition, Tezos uses formal verification techniques to ensure that smart contracts are correct before they are deployed.
The Tezos Foundation provides funding for research and development projects related to the Tezos ecosystem. It also supports community-building efforts through grants for meetups, hackathons, and other events. The foundation has funded several high-profile projects in recent years, including Cryptonomic's wallet software for Tezos and TQ Group's work on developing dApps for the platform.
In addition to supporting technical development efforts, the Tezos Foundation also works with policymakers around the world to promote regulatory clarity around blockchain technology. It has engaged with regulators in Switzerland, France, South Korea, Japan, and other countries to help shape policies related to cryptocurrencies and blockchain technology.
The foundation also supports education initiatives aimed at increasing awareness about blockchain technology among students and professionals alike. It has partnered with universities such as Cornell University in New York City to offer courses on smart contract programming using Tezos.
Overall, the Tezos Foundation plays an important role in promoting innovation within the blockchain industry. Its focus on governance mechanisms that allow for continuous evolution sets it apart from many other platforms in this space. As the adoption of blockchain technology continues to grow, it is likely that Tezos will play an increasingly important role in driving social, political, and economic innovation on a global scale.