Tezos — a self-amending crypto-ledger White paper (Sept 2014)

peter.suber's bookmarks 2016-10-25

Summary:

"We present Tezos, a generic and self-amending crypto-ledger. Tezos can instantiate any blockchain based ledger. The operations of a regular blockchain are implemented as a purely functional module abstracted into a shell responsible for network operations. Bitcoin, Ethereum, Cryptonote, etc. can all be represented within Tezos by implementing the proper interface to the network layer. Most importantly, Tezos supports meta upgrades: the protocols can evolve by amending their own code. To achieve this, Tezos begins with a seed protocol defining a procedure for stakeholders to approve amendments to the protocol, including amendments to the voting procedure itself. This is not unlike philosopher Peter Suber’s Nomic[4], a game built around a fully introspective set of rules...."

Link:

https://www.tezos.com/pdf/white_paper.pdf

From feeds:

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Tags:

nomic

Date tagged:

10/25/2016, 13:37

Date published:

10/25/2016, 09:37