Tezos is fairly unique in that it had something working before the ICO rather than just a whitepaper. It took them a while to polish it, but all along, they had something working.<p>Tezos is also atypical in that since the ICO, it has flown extremely under the radar, rather than selling hype. It hasn't had ERC20 token that you can trade in the absence of the network being live.<p>The Tezos value proposition is "contracts that should be much harder to screw up" which it attempts with formal verification. Along with that, it has proof of stake, and a built in governance system intended to improve on the Bitcoin style of governance.
The more I watch the crypto space, the more I observe that it has developed an inherently misaligned set of incentives. The people who are creating headlines for each new approach are the ones who have already bought in and will benefit most from others being convinced of its value and buying in as well. Just like it took decades for it to be common for personal financial advisors to be fiduciaries, I wonder if there is space for "experts" who commit to not having a stake in any crypto and just commenting on which ones seems to be creating real technological value. I might support a patreon for that. Of course, anonymity on the blockchain would make it hard to "trust" that these "experts" were really unbiased.<p>P.S. I know crypto is better used to refer to cryptographic technology as a whole, but referring to this area as "cryptocurrency" is insufficient since many are trying to move beyond being currencies, and "blockchain" is insufficient because many are trying alternatives to the basic blockchain introduced by bitcoin.
The cover story in this month's Wired is about Tezos: <a href="https://www.wired.com/story/tezos-blockchain-love-story-horror-story/" rel="nofollow">https://www.wired.com/story/tezos-blockchain-love-story-horr...</a>
Does anyone have a TLDR on this? Their website doesn't make it clear what this technology actually is. My best guess so far is that it's a coin & smart contract platform like Ethereum.