What is Tezos?

Tezos (XTZ) is a self-upgradable blockchain platform designed for smart contracts, decentralized applications (DApps), and governance-focused blockchain solutions. Launched in 2018, Tezos introduces a formal on-chain governance model, allowing the network to evolve and upgrade without hard forks. The XTZ token is used for governance, staking (baking), and transaction fees within the ecosystem.

How is Tezos useful?

Tezos provides scalable and self-governing blockchain infrastructure, making it ideal for DeFi applications, NFTs, and enterprise solutions. Its formal governance model allows token holders to vote on protocol upgrades, ensuring continuous network evolution without disruptions. Tezos also supports energy-efficient smart contracts, making it a popular choice for developers, businesses, and institutional blockchain adoption. The XTZ token is used for staking (baking), governance, and securing the network while rewarding participants with passive income.

How does Tezos work?

Tezos operates on a liquid proof-of-stake (LPoS) consensus mechanism, where users stake (or delegate) XTZ to network validators, known as bakers. This consensus model enhances security, decentralization, and energy efficiency while enabling on-chain governance for continuous upgrades. Smart contracts on Tezos use Michelson, a formal verification language, ensuring high security and reliability. The XTZ token powers the ecosystem, allowing users to pay for transactions, participate in governance, and earn rewards through staking.

Tezos milestones

• Launch of On-Chain Governance: Introduced a self-amending blockchain to enable decentralized upgrades.

• Adoption in NFTs and DeFi: Attracted developers and enterprises in the NFT, gaming, and financial sectors.

• Expansion of Staking (Baking) Model: Strengthened network security and decentralized participation.

• Corporate and Institutional Partnerships: Integrated Tezos into enterprise blockchain solutions and digital asset projects.

• Continuous Protocol Upgrades: Implemented efficiency improvements and scaling enhancements through community-approved proposals.

Tezos continues to innovate in governance, scalability, and blockchain security, offering a self-evolving and energy-efficient platform for developers and businesses.

Buy Tezos (XTZ) on BITmarkets.