$XTZ Tezos is an open-source, decentralized blockchain platform that was created by Arthur and Kathleen Breitman in 2017. The platform enables the creation of smart contracts, running decentralized applications (dApps), and trading digital assets. Tezos stands out due to its unique features and capabilities, which include the following:

1. Core Features

Self-Amending Protocol: One of Tezos' key features is its ability to self-amend, meaning the protocol can evolve and be upgraded without the need for hard forks. This allows the community to propose and vote on protocol changes directly on the blockchain, making the network adaptable over time.

Delegated Proof-of-Stake (DPoS): Tezos uses a Delegated Proof-of-Stake consensus mechanism. In this system, users can stake their tokens to vote for validators (called bakers), who produce blocks and secure the network. Stakers earn rewards for participating in this process.

Formal Verification: Tezos supports formal verification, which is a mathematical method for proving the correctness of smart contracts. This ensures that smart contracts behave as expected and are secure, which is particularly important for applications involving financial transactions.

2. Technical Infrastructure

Michelson: Tezos smart contracts are written in Michelson, a low-level language that allows for formal verification. Michelson enables developers to create secure contracts and perform mathematical proofs of correctness.

Smart Contracts: Like Ethereum, Tezos allows for the creation and deployment of smart contracts. However, the formal verification capability adds an additional layer of security, ensuring that contracts operate as intended without bugs or vulnerabilities.