After a controversy past, Tezos (XTZ) finally hit the market. Tezos broke a record with its 232 million dollars worth ICO before EOS came and completed its 4 billion dollars worth ICO. After all, what is XTZ and why is it so popular in the cryptocurrency sector?
On its website, Tezos is defined as “a new platform developed for smart contracts and decentralized applications”. Tezos literally has its own kingdom and can be defined as a decentralized blockchain project which governs itself. With Tezos, it is much easier to make official validations. Tezos community can vote for every decision for the protocol (including the voting process ) and after voting community comes up with a consensus about the offer.
How does Tezos Work?
Chain Governance: The governance is up to the community a hundred percent. Each party gets to decide on every change in the platform.
Security: Tezos Blockchain has been developed to ease the official validation process. With this validation, the security of smart contracts is maintained and bugged codes can be fixed beforehand.
Proof-of-Stake: A popular algorithm gives every community member a chance to approve or decline the changes in the protocol. Members get rewards in return of the decisions.
How to Buy Tezos (XTZ)?
You can buy XTZ from the Binance cryptocurrency exchange.
