"Tezos (XTZ) is a multi-purpose platform that supports decentralized applications (DApps) and smart contracts. It was developed by Arthur Breitman, with support from his wife Kathleen Breitman, and launched an initial coin offering (ICO) in 2017 that raised $232 million US dollars. A year after the ICO, Tezos launched its beta network in July 2018.The Tezos platform aims to combine a self-correcting protocol and on-chain governance to manage network modifications, and supports Turing complete smart contracts.Tezos is also supported by the Tezos Foundation, which is a Swiss-based entity that promotes the Tezos protocol through grants and other capital vehicles."