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Tezos: A Self-Amending Crypto-Ledger Position Paper

Tezos: A Self-Amending Crypto-LedgerPosition GoodmanAugust 3, 2014\Laissez faire les propri etaires."| Pierre-Joseph ProudhonAbstractThe popularization of Bitcoin, a decentralized crypto-currency has in-spired the production of several alternative, or \alt", currencies. Ethereum,CryptoNote, and Zerocash all represent unique contributions to the crypto-currency space. Although most alt currencies harbor their own source ofinnovation, they have no means of adopting the innovations of other cur-rencies which may succeed them. We aim to remedy the potential foratrophied evolution in the crypto-currency space by presenting Tezos, ageneric and Self-Amending can instantiate any blockchain based protocol. Its seed protocolspeci es a procedure for stakeholders to approve amendments to the proto-col,includingamendments to the amendment procedure itself. Upgradesto Tezos are staged through a testing environment to allow stakeholdersto recall potentially problematic philosophy of Tezos is inspired by Peter Suber's Nomic[1], a gamebuilt around a fully introspective set of this Paper , we hope to elucidate the potential bene ts of Tezos, ourchoice to implement as a proof-of-stake system, and our choice to write itin The Protocol Fork Problem.

Tezos: A Self-Amending Crypto-Ledger Position Paper L.M Goodman August 3, 2014 \Laissez faire les propri etaires." | Pierre-Joseph Proudhon Abstract

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