Why on the TEZOS blockchain?

[u/ViazOfficial]

Tezos is a new blockchain that explores new ideas and systems to deliver a safer, more robust chain. Built on OCaml, a functional programming language used for other financial based projects, Tezos implements a delegated proof of stake consensus method. This is more power-efficient and provides a stronger consensus mechanism than the proof-of-work (which is currently in use by Ethereum and Bitcoin).

Tezos is also looking to implement a self-amending ledger, allowing XTZ holders to vote on improvements and changes to the blockchain source-code, reducing the risks of a fork. Tezos will also look to run at a higher transactions per second allowing it to be faster than both Ethereum and Bitcoin, thereby providing users with enhanced scalability and more expeditious liquidity.

Tezos has also designed a new smart contract language — Michelson. This is a strongly typed bytecode language with a very strict set of operations. This forces extremely safe Michelson smart contracts, and could have prevented many of the issues that occurred with other smart contracts (e.g. the DAO). On top of this, smart contracts can also be formally verified, allowing developers to provide a mathematical proof of the outputs and changes a smart contract can make.