Tezos is an open-source platform for assets and applications that can upgrade itself without running the risk of a hard fork. Its smart contracts are secured with institutional-grade safety features that facilitate “formal verification,” a process used in nuclear and aerospace industries. Because it claims to be more energy-efficient than blockchains like Bitcoin or Ethereum, Tezos is an ideal platform for building blockchain applications that are eco-friendly. The networks’ validators earn XTZ (also known as “tez”) the Tedos governance token.
What is Tezos (XTZ)?
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