Cole Petersen · 6 hours ago · 2 min read · Insights via Ari Paul
The Tezos Foundation is a Swiss foundation, supervised by the Swiss Federal Foundation Supervisory Authority which is part of the Swiss Federal Department of Home Affairs. Its purpose is the promotion and development of new technologies and applications, especially in the fields of new open and decentralized software architectures including the promotion and development of the Tezos protocol and related technologies.
We believe the Foundation’s role is to deploy resources to premier entities and initiatives that will help ensure the long-term success of Tezos. As such, the Tezos Foundation is a proactive grantmaker.
As highlighted in the Tezos position paper, the success of any decentralized network is determined by the efforts of a robust, diverse, and flourishing community. As a member of the Tezos community, the Foundation is committed to providing resources that will help ensure its success and longevity.
Tezos is a blockchain that can evolve by upgrading itself. Token holders vote on amendments to the protocol, including amendments to the governance mechanism itself, to reach social consensus on proposals. Tezos was designed to facilitate formal verification to improve the security of smart contracts and decentralized applications.
President of the Tezos Foundation
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