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.
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.
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.
Yes. Pyramid scheme. Rather than passively waiting for others to be convinced of it's value, most of the scam coin ICOs actively pay influencers on twitter[1], reddit and telegram and other channels a lot of money to shill / "promote" their sh*t coins...
[1] $105K for McAfee to tweet: https://www.theverge.com/2018/4/2/17189880/john-mcafee-bitco...
Related: If you ever wondered how ICOs get a lot of attention even if they suck here are some hints. => https://www.reddit.com/r/CryptoCurrency/comments/8g8opf/if_y...
Testnet instructions are here: http://doc.tzalpha.net/introduction/alphanet.html
Best I can tell: smart contracts like Ethereum, except the protocol has means for amending the protocol itself? So, meta-Ethereum?
This article (Linda Xie) is pretty good: https://medium.com/@linda.xie/a-beginners-guide-to-tezos-c96...
Apparently they also already have proof of stake?
People are excited about the launch both because of what it is, and because it already had a lot of people contribute to a fundraiser a year ago.
Of course precedent says they'll just hard fork it the moment the "governance" does something the central developers don't want.
Due to sudden KYC requirements there is already a fork called "Tezos libre"
It was only after the KYC announcement that TzLibre changed tack to claim it's purpose was anti KYC.
> The Tezos Foundation’s primary focus is the promotion and development of the Tezos protocol and related technologies, as well as the promotion and support of applications using the Tezos protocol.
Should be clear now, right? ;)
