Tezos XTZ
Applications and network upgrades.
Tezos is a public blockchain for applications and digital assets. Its native coin is called tez, with the symbol XTZ.
What is Tezos?
Tezos runs smart contracts and records transfers on a shared network. Tez pays transaction fees, and the network uses proof of stake. Its design includes a process for participants to consider and adopt protocol upgrades.
An upgrade process does not guarantee that every change is beneficial or risk-free. Applications and staking arrangements have their own rules and risks.
Why people pay attention
Applications
Smart contracts support digital assets and other services.
Network fees
Users pay transaction fees in tez.
Protocol changes
The network has a built-in upgrade process.
Origins & development
Arthur and Kathleen Breitman developed the early Tezos proposal. The network launched in 2018 after its earlier research and fundraising stages.
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