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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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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.


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