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.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article