The economic protocol#
The economic protocol provides the rules for checking the validity of the blocks and operations, and for updating the blockchain state accordingly, by applying new valid blocks and operations on the current blockchain state. These rules can be changed through voting. Thus, the economic protocol represents the amendable part of Tezos.
The following pages provide the full documentation for this protocol. The differences with respect to other protocols are summarized in the protocol release page Protocol Alpha.
- Economic protocol features
- Overview of the economic protocol
- Proof-of-stake
- Randomness generation
- Baking Power
- The consensus algorithm
- The Amendment (and Voting) Process
- Accounts and addresses
- Native Multisig accounts
- Michelson: the language of Smart Contracts in Tezos
- On-chain Views
- Time-lock
- Sapling support
- Liquidity Baking
- Global Constants
- Michelson Anti-Patterns
- Token transfers and balance updates
- Mempool
- Smart Optimistic Rollups
- Protocol Plugins
- Contract events
- Blocks and Operations
- Validation and Application
- Tickets
- Adaptive Issuance
- Staking mechanism
- Adaptive Slashing
- DAL integration
The following pages provide a reference for this protocol: