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What is Tezos


¿What is Tezos?

Tezos is an exclusive blockchain, its operation begins in June 2018.

This blockchain is used to transform itself into a decentralized network, which self-modifies and progresses to the source code.

Tezos is associated with a currency, called tezzie (XTZ), we assume that these tokens cannot be withdrawn, since this network uses the proof of stake protocol, without mining like Ethereum.

Tezos is structured to establish and innovate applications and assets.

It is the companies and users who are committed to coordinating updates to the essential protocol, incorporating the progress made in the management process.

¿What does it offer?

Tezos offers a unique ecosystem that uses a middleware called Network Shel, giving access to the creation of a modular blockchain idea, which can be renewed according to the set of specific standards.

¿How does it work?

In general, this blockchain has three well-differentiated layers.

A layer that enables communication between nodes and partners.

Another transaction layer that specifies a transaction verification protocol.

And finally a consensus layer, it is in this way that it runs its operation.

¿How is Tezos regulated?

Being a decentralized network, there is no financial entity that regulates it.

¿Why do people use Tezos?

People use this platform as it is quite popular for its creativity as it does not run on any existing blockchain.

¿How is Tezos different from other blockchains?

Unlike other blockchains, in tezos users get incentives based on the currency (xtz) they obtain, something rarely seen in digital assets.

Tezos can provide formal verification of smart contracts by using the michelson language (it is a strictly stack-based drafting language in which smart contracts are written to ensure the security of the Tezos blockchain) considering a trustworthy project .

¿Where can i buy it?

One of the ways where you can buy XTZ is through Binance, since it has a great variety negotiable in trade, you can exchange a cryptocurrency, fiat cryptocurrencies or simply use a debit or credit card to buy the stablecoin, they are also allowed bank deposits.

¿Where to find more information?

For more information such as movements, prices, explorers, contracts and more you can visit the following link:

¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?

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