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Tezos
Tezos

Tezos

BlockchainsEcosystems

Tezos is a blockchain platform for smart contracts and decentralized applications (dApps). Unlike other similar projects, Tezos does not involve mining but offers a process called “baking” where stakeholders participate in the network’s consensus mechanism.

Explore Ecosystem

Note: Currently, Tezos has not integrated IBC nor any other trustless bridge solution. At the moment, its connection to other chains is dependent on trusted and/or custodial bridges.

Introduction

Tezos is a decentralized, open-source blockchain network that can execute peer-to-peer transactions and serve as a platform for deploying smart contracts. The native cryptocurrency for the Tezos blockchain is the Tez or XTZ.

Unique Governance

One of the most distinctive features of Tezos is its governance model, which is designed to allow the protocol to evolve and improve over time. In Tezos, all stakeholders can participate in network upgrades by evaluating, proposing, or approving amendments. This on-chain governance model aims to reduce the risk of hard forks (splits in the blockchain) that can be divisive and damaging.

Baking and Consensus

Tezos uses a consensus mechanism called Liquid Proof-of-Stake (LPoS), and the process of creating new blocks is called “baking.” In Tezos, any stakeholder who owns 8,000 XTZ can become a baker. Bakers are responsible for validating transactions and adding them to the blockchain.

Smart Contracts and Formal Verification

Tezos allows developers to write smart contracts and build dApps. One of the key features of Tezos is its emphasis on formal verification, a technique used to improve security by mathematically proving the correctness of the code governing transactions.

CONTENTS

  • Introduction
  • Unique Governance
  • Baking and Consensus
  • Smart Contracts and Formal Verification

Resources

  • Ranking Top 100 Crypto Based on Returns this Bull Market | Solana, TAO, KAS, WIF, BEAM, XRP, ICP

    Ranking Top 100 Crypto Based on Returns this Bull Market | Solana, TAO, KAS, WIF, BEAM, XRP, ICP

    X 👉 painofcrypt0   Instagram  PainOfCrypto Subscribe for more 👉 @painofcrypto   Disclaimer: The Pain of Crypto YouTube channel is purely for entertainment purposes. Any statements made are simply opinions and are in no way to be regarded as financial advice. Information is opinion based as I am not a financial advisor.

    April 13 · video
  • AMAZING Web3 Platform ROUNDTABLE

    AMAZING Web3 Platform ROUNDTABLE

    A sit down with James Heckman, CEO of Roundtable Web3 media group, to chat about why Web3 media is important!

    Aug 26 · video

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