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What is Tezos? XTZ

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Tezos XTZ is a smart contract and decentralized application platform. One major difference between Tezos cypto and other smart contract platforms, such as the popular Ethereum network, is that it is secured and ultimately managed by Tezos bakers. Instead of physically mining the blocks with expensive hardware, this process is done virtually on Tezos through Tezos taking and Tezos baking using a mechanism called DPOS or Delegated-Proof-of-Stake.

But Tezos crypto is more than your typical Proof-of-Stake blockchain. Tezos aims to be completely modular and upgradeable without needing hard forks. That means the Tezos blockchain can implement new changes to the network without forking, or splitting into separate chains. Watch the video to learn more.

Leave your Tezos price prediction in the comments!

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Information provided is for informational purposes only and should not be considered financial advice. Investing in crypto assets is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Past performance is not indicative of future results.

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38 Comments

  1. I understand the idea of being governed by the workers. That is a socialist workplace.

    But what I don't know is do those who bake more get more voting power? That would not be socialist but rather plutocratic. This is a very important part of the information that I cannot find anywhere.

    Does anyone know if you aquire more voting power as you acquire more Tezos?

  2. My Exodus wallet got hacked when nobody knew the passphrase except for me (also, I had made no transactions). The $2,500 worth bitcoins I had on my exodus wallet became 0, I contacted the support and they just sent me one email (which I think was auto-generated) and then, I was ignored. It has happened before to others too. Check this out: https://www.youtube.com/watch?v=vHHbaWsUsuw
    PLEASE DO NOT TRUST EXODUS (THE SCAMMERS WITH A GREAT UI) TO KEEP YOUR HARD-EARNED MONEY.

    THE TREZOR IS JUST A SHOW OFF TO MAKE NEWCOMERS COMFORTABLE BEFORE THEY GET SCAMMED.

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