tezos

A decentralized, open-source network called Tezos uses blockchain technology to allow peer-to-peer transactions. The company operates as a deployment platform for smart contracts. With the support of a large international community of validators, researchers, and builders, Tezos removes major obstacles to the adoption of blockchain for assets and applications. They also offer smart contract security, long-term upgradeability, open involvement, and teamwork. Arthur Breitman and Kathleen Breitman, a husband and wife team, founded the media firm Tezos in 2014. The company is based in France.

 

Tez (XTZ), the native token of the Tezos blockchain, is a fundamental accounting unit on the Tezos platform and is used to communicate with dApps, pay fees, stake the network, and engage with dApps. They easily leveled up as they added the newest innovation, delivering innovative and new capabilities through their upgrade mechanism. Proof-of-stake is used by the Tezos network to reach a consensus.