Tezos (XTZ)
Tezos is a platform for creating applications powered by blockchainA blockchain is a type of distributed ledger technology. It is a huge database formed by blocks,cryptographically linked to each other, containing information such as transactions. These blocks are addedfollowing Lire la suite technology. The operation of its network is based on a native crypto-assetDigital asset based on cryptography principles. Peer to peer traded, on a decentralized network, thanks to Distributed Ledger Technologies such as blockchain. The user is integrated into storage and transaction Lire la suite, Tezos, whose abbreviation is XTZ. This crypto-asset gives users a right to Tezos governance.
Key features of Tezos
Unique governance
Decentralised governance system allowing XTZ holders to vote on updates.
Transparency
All Tezos transactions are recorded transparently on the blockchain, which is publicly accessible.
Legitimacy
Tezos has been adopted by many companies and institutions.
Why be interested in Tezos?
A self-governing crypto-asset
Tezos is a blockchain platform offering decentralised governance and an innovative consensusTruth admitted by all system participants. This doesn’t imply that it is the absolute truth or that it’sindisputable, it is the truth participants agree on. In crypto, algorithms beginning with Lire la suite system. The main objective of Tezos is to create an adaptable and scalable infrastructure, ideal for the development and management of decentralised applications (dApps) and for the creation and exchangeExchange platform for crypto assets (Binance, Kraken…) Lire la suite of digital assets. This flexibility ensures that Tezos can evolve over time to meet the changing requirements of its ecosystem, thanks to a community-led update process.
Tezos, for finance and governance
Tezos enables the creation and deployment of smart contracts. In addition, it enables tokenCan be considered as a digital coupon whose unicity can be mathematically proven and being tradable for assets, services, or goods. The concept of token isn’t actually from crypto ecosystem; Lire la suite holders (XTZ) to participate in the governance process and receive rewards for validating transactions. It thus represents an additional incentive to participate in and strengthen its blockchain, giving it potential for adoption in a variety of sectors. It is particularly popular with institutions and major brands.
The pros and cons of Tezos
Pros of Tezos
- Tezos is a blockchain that has its own consensus mechanism with key milestones. Major updates to Tezos are integrated seamlessly, without interfering with the operation of the network.
- Tezos is an energy-efficient network. Its total annual carbon footprint is equivalent to the average footprint of 17 of the world
‘’s citizens, which corresponds to around 0.001 TWh (Source: Tezos). - The Tezos network community is asked to vote on governance.
Cons of Tezos
- Tezos uses a different programming language to most of its competitors, which slows down the creation of new products because developers are less inclined to learn a new language.
- To date, Tezos has hosted too few decentralised applications.
- The Tezos network benefits from a large French-speaking community, although it does not appeal to an international audience.
Tezos (XTZ) price trend
The constant evolution of the Tezos ecosystem, marked by the regular addition of new decentralised applications, decentralised finance platforms (DeFi« Decentralized Finance », peer to peer blockchain based financial services such as staking. Lire la suite), and tokenisation initiatives, testifies to its potential for expansion. These developments, aligned with market needs and trends, are helping to solidify Tezos’’ position as a leading digital asset.
Key facts about Tezos
XTZ
abbreviation for Tezos, the native crypto-asset of the Tezos blockchain
2018
date of creation of Tezos
∞
the number of Tezos in circulation is unlimited.
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