“We believe that Tezos will drive social, political and economic innovation at a global level.” -The Tezos Foundation
One of our long-time favorite blockchain projects, Tezos is most certainly one to talk about. It stands out from the crowd for varying reasons, the main reason is their innovative drive. Tezos took to the scene in 2018, becoming one of the OGs in proof of stake layer one blockchains. Equipped to build games, NFTs and various other dapps through their incredibly scalable and secure smart contract network; Tezos and native coin tez (XTZ) has come a long way- with no end to their vision in sight.
Decentralization Drives Innovation
Tezos is seamless. Meaning that as new technology or better ways of operation come along, these innovations can be seamlessly or forklessly integrated into the system, without changing the blockchain or causing disruption. The intention to remain a “state-of-the-art” blockchain shows greatly in their open source platform that brings in minds from around the world to build a better network. Continuously. As innovations or more efficient technology comes along, the network is made to grow with the market.
Fast, Scalable, Sustainable and Secure
To be top level, as Tezos aspires to be, this group of developers, (which never stops growing in itself) brings the best to the table. So many can contribute code to the network, so it’s only reasonable they have features that any blockchain would want… They’re one of the fastest and most scalable networks around because of their PoS (proof of stake) consensus. This design adds efficiency and low energy consumption to the platform, making it more sustainable than earlier PoW blockchains.
Beyond speed and sustainability, Tezos also has a heart for security. It reaches all levels of information exchange, from beginning to end. A unique take: bringing high level security standards of some of mankind’s most complicated technology and tasks to the blockchain. With so many transactions happening so fast on their chain, they need security to keep up. No reason for this chain to slack in this field.
Tez (XTZ)
At the center of all of these high class transactions is the native coin to the Tezos blockchain: tez. Developers respect the token and make note on their stats page to differentiate the currency from the chain. Tez is not Tezos and Tezos is not tez. They also note that one should refer to tez as tez and not the crypto ticker XTZ whenever possible.
A Project In It For The Long Haul
Having such a reverence for blockchain technology and the currency running their project, it’s clear that Tezos has a future oriented mindset. Their innovative nature has set them on track in blockchain competition to be one of the big players as mass adoption creeps closer into reality.
We’re just recently over the past couple years seeing the results and growth of booming NFT marketplaces. The sky’s the limit for smart contract technology- because it reaches much farther than many would like to think. To every aspect of life…Tezos has had this in mind as a community, that blockchain technology is going to revolutionize everything, so they’ve been lending a hand in revolutionizing blockchain. They’re in it to win it.
