Cryptocurrency Q&A
Which blockchain is Tezos on?
Which blockchain is Tezos on?
SamsungShine
Mon May 27 2024
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6 answers
1056
Could you please elaborate on the blockchain technology that Tezos utilizes? I'm interested in understanding which specific blockchain platform Tezos operates on. Could you provide me with a brief description of the blockchain it's built upon, and maybe even some of its distinguishing features? It would be helpful to know how this blockchain compares to others in terms of scalability, security, and decentralization. Thank you for your insights.
6 answers
BitcoinBaron
Wed May 29 2024
The tez, the native cryptocurrency of the Tezos blockchain, serves as the fuel for transactions and contract executions. With the ISO 4217 code XTZ and the symbol ꜩ, it represents the digital asset powering the Tezos ecosystem.
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mia_clark_teacher
Wed May 29 2024
Tezos, an innovative blockchain technology, revolutionizes the world of digital transactions. It operates as an open-source platform, enabling secure and transparent peer-to-peer interactions.
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JejuSunrise
Wed May 29 2024
As a platform for deploying smart contracts, Tezos offers immense potential for decentralized applications and services. It enables developers to create robust and scalable solutions, leveraging the blockchain's unique features.
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PearlWhisper
Tue May 28 2024
The Tezos network achieves consensus through a unique mechanism called proof-of-stake. This consensus mechanism ensures that the network remains secure and decentralized, preventing any single entity from gaining undue control.
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BlockchainBaronessGuard
Tue May 28 2024
BTCC, a leading cryptocurrency exchange based in the UK, offers a comprehensive suite of services tailored to the needs of crypto enthusiasts and investors. Its range of offerings includes spot trading, futures trading, and secure wallet solutions.
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