Page Summary
Tezos is a decentralized open-source blockchain project where users can execute peer-to-peer transactions and deploy smart contracts. Tez (XTZ) is the native token of the Tezos blockchain. Arthur and Kathleen Breitman created Tezos in 2014. In 2017 they founded the non-profit Tezos Foundation in Zug, Switzerland to support the project. With this foundation, they raised $232 million in Bitcoin and Ethereum in one of the biggest initial coin offerings.
How does Tezos work?
Tezos uses proof-of-stake to reach consensus and has an on-chain governance model in place. This makes it possible to amend the protocol when deemed necessary.
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Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…