Tezos is a blockchain platform that supports smart contracts and dapps, based on the idea of a digital commonwealth, in which governance is democratized in an efficient and sustainable manner to avoid costly hard-fork scenarios.
Within the network, XTZ is the token used for all operations. With the incorporation of features such as Liquid Proof-of-Stakeand on-chain governance, throughput is traded for a higher level of decentralization.
Tezos relies on Liquid Proof of Stake (LPoS), with full support of Turing-complete contracts. In the Tezos network, block generation is referred to as bakingwhile validators are known as
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