Tezos is a blockchain platform that allows for the creation and deployment of smart contracts and decentralized applications. It is similar to Ethereum in that it enables developers to build on top of its network.
The native cryptocurrency of the Tezos platform is called XTZ. XTZ is used to facilitate transactions and incentivize participation in the Tezos network through a process known as “baking.” Bakers are similar to miners in other blockchain networks and are responsible for verifying transactions and creating new blocks on the Tezos blockchain.
One of the key features of Tezos is its on-chain governance system, which allows stakeholders to vote on proposed protocol upgrades and changes to the network. This makes Tezos a self-amending blockchain, enabling it to evolve and adapt over time without requiring hard forks.
Overall, Tezos aims to provide a secure, scalable, and decentralized platform for building a wide range of applications and smart contracts.
