Tezos is a decentralized, open-source energy efficient Proof of Stake 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 which has the symbol XTZ. Holding Tezos tokens (“tez”) enables one to interact with the Tezos blockchain. There are many wallets with which to store and use tez. The Tezos platform was designed specifically to ensure active community governance and participation. Users can actively participate by evaluating, proposing, or approving amendments to Tezos. Unlike Proof-of-Work blockchains like Bitcoin or Ethereum, Tezos’ Proof-of-Stake requires significantly less energy and cost to operate, making it an ideal alternative platform for building eco-friendly blockchain applications. [1] Tezos was founded by Arthur and Kathleen Breitman.

References

1. Tezos, tezos.com

Creators

• #citizensofone (See: @Citizens of One)

Tags

• #tezos (this is the @Root Memo)