China's ambitious Blockchain Service Network targets international developers following the launch of its global website.
Tezos is a decentralized blockchain that governs itself by establishing a true digital commonwealth. The main goal of the project is to make their token holders work together towards making a decision that will improve the protocol over time. The platform’s native token is called XTZ.
Tezos was established in 2017, following a record-breaking $232 Initial Coin Offering (ICO) fundraising. The funds are used by the Tezos Foundation. The project was officially launched in September 2018 and has managed to make its way towards being one of the most significant cryptocurrencies.
In terms of architecture, Tezos’ blockchain uses agnostic middleware, which is referred to as the Network Shell. It’s divided into three layers: the network protocol, the transaction protocol, and the consensus protocol.
The platform uses a form of the Proof-of-Stake consensus algorithm, implementing the Liquid Democracy model. To participate, users have to “stake” a certain amount of XTZ in their Tezos Wallet – the more they have, the larger their voting power is. Stakers can vote directly or delegate their voting responsibilities to another person.
In 2019, leading crypto exchanges such as Binance, Kraken, and Coinbase, offered their users to participate in staking Tezos and earn interest.
With Tezos, those who essentially get to add new blocks to the network are called Bakers. They receive their block publishing rights based on their stake. That’s why the process here isn’t called mining but baking.
Recent Tezos News
Bitcoin’s had a tumultuous week of trading, there’s no doubt about it. While the overall trend remains intact, according to
Bolt Labs announced today that it plans to integrate its off-chain Bitcoin private payments protocol called zkChannels to the Tezos
The US-based cryptocurrency exchange Coinbase has extended its staking services for Tezos (XTZ) to users from a few European countries.
The largest investment bank in Latin America, Banco BTG Pactual, has launched a token on the Tezos (XTZ) blockchain. Known
The tenth-largest cryptocurrency by market cap, Tezos (XTZ), has the most assets locked in staking with over $1.8 billion. The
The popular blockchain company for capital markets, tZERO, announced a new collaboration with the Tezos Foundation. The Overstock subsidiary aims
Tezos Southeast Asia Partners With Global Accountants Association To Explore Blockchain Implementation
Tezos Southeast Asia (TSA) is partnering with the Association of Chartered Certified Accountants (ACCA) to employ the Tezos blockchain for
The Tezos Foundation has collaborated with several Swiss-based cryptocurrency companies to tokenize Bitcoin. Called tzBTC, it gives holders the ability
Tezos announced on its new Carthage update has been successfully activated at block 851,969 on the chain. Carthage is the