The Tezos protocol offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations. lock Security The Tezos blockchain was designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code. network Proof-of-Stake Tezos’ unique proof-of-stake consensus algorithm gives every stakeholder the opportunity to participate in the validation of transactions on the network and be rewarded by the protocol for doing so.
The Tezos community has been running the alphanet, a test network, successfully for well over a year. Although this provided valuable engineering insight, there is no substitute for real-world experience. To that end, the Tezos Foundation looks forward to the launch of a beta network (“betanet”). Tezos contributors who opt to interact with this network must understand that it will undergo unscheduled downtime and require maintenance and adjustments.