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Tezos is a blockchain technology that was launched in 2018. It is a self-amending blockchain that allows for on-chain governance, meaning that the protocol can be upgraded and improved through a voting process that is integrated directly into the blockchain. This allows for a more decentralized and transparent system of governance that is resistant to attacks and manipulation.

One of the key features of Tezos is its ability to support smart contracts. Smart contracts are self-executing programs that allow for the automation of complex processes and the enforcement of agreements between parties. Tezos smart contracts are written in a programming language called Michelson, which is designed to be more secure and more expressive than other smart contract languages.

Another key feature of Tezos is its focus on security and decentralization. Tezos uses a proof-of-stake consensus algorithm, which is designed to be more energy-efficient and more secure than other consensus algorithms like proof-of-work. It also allows for more decentralization by allowing stakeholders to participate in the consensus process without the need for specialized mining hardware.

Finally, Tezos provides a range of other features, such as a native token called XTZ that is used to pay for transaction fees and as a form of payment for goods and services. It also provides a range of tools and infrastructure for developers to build and deploy decentralized applications on the Tezos blockchain.

Overall, Tezos is a powerful and innovative blockchain technology that provides a range of features and benefits for developers and users alike. Its focus on on-chain governance, security, and decentralization make it a promising technology for the future of decentralized applications and finance.