Price info: https://coinmarketcap.com/currencies/tezos/
Tezos is a generic and self-amending crypto-ledger.
It supports meta upgrades: the protocols can evolve by amending their own code.
The seed protocol is based on a pure proof-of-stake system and supports Turing complete smart contracts. Tezos is imple- mented in OCaml, a powerful functional programming language offering speed, an unambiguous syntax and semantic, and an ecosystem making Tezos a good candidate for formal proofs of correctness.
Its true potential lies in putting the stakeholders in charge of deciding on a protocol that they feel best serves them.
Tezos Foundation is founded by Kathleen and Arthur Brietman. It is being touted as a replacement or competitor to Ethereum as a network, and as a coin/token.
Arthur Breitmans used to work for Goldman Sachs. There are also associations with very large 'accounting and consulting' corporations.
There is big money in the form of billionaire (Tim Draper) who invested in Tezos.
Tezos core developers, and its operating crew are viewing themselves as saviors of the distributed smart contracts world with their 'unique' contribution which is viewed as the use of Michelson proofs for code for smart contracts. Their idea is that Ethereum as a network is languishing due to the failure of Ethereum to provide proof of correctness to code prior to letting contracts be launched.
The math proofs they are touting will take over what Ethereum failed to do. Their smart contract programming language is OCAML, which is a robust language and is supported by many libraries. It is designed for what are termed 'abstract machines', and while the Ethereum Virtual Machine, upon which all smart contract software runs, certainly fits that description, the OCAML language is much more well suited to development of smart contract code. OCaml is a descendant of Caml Light, an 'enterprise level programming language'.
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