What is Tezos?

Modified on Thu, 16 Feb 2023 at 05:32 PM

Tezos is a smart contract based blockchain network. Unlike Ethereum, however, Tezos is designed for superior upgradability without the need to undergo a hard fork.This means Tezos can be upgraded and improved to best suit the needs of current technology.


Tezos’ consensus algorithm is Proof-of-Stake, which requires far less electricity when compared to Proof-of-Work. Users can stake XTZ as collateral to help secure the network as a validator  and earn XTZ as rewards.


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