Tezos

XTZ

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Tezos
The Tezos network, an open-source Liquid Proof of Stake blockchain network, has a native coin called Tez (XTZ). Tezos is o ne of the oldest Proof of Stake networks and a leading Layer 1 technology in the crypto industry.  The Tezos network, which went live on June 30, 2018, is renowned for its user-friendliness, on-chain governance, and energy-efficient design. Because of its on-chain governance and upgradeability, Tezos is able to include the best elements of other blockchain technologies. The network has over 400 bakers (validators) spread over 6 countries with over $2 billion in staked value, including corporate validators like gaming giant Ubisoft. With ERC-20 bridges for low-gas cross-chain utility, yield farming protocols, and AMM platforms, Tezos has a developing DeFi ecosystem. Tezos is being used by game developers, record companies, NFT artists, sports teams, central banks, real estate investors, international NGOs, and many more.  Tezos was first introduced as an effective and forkless smart contract system in a white paper from 2014. Arthur and Kathleen Brietman contributed to the creation of the Tezos network. The native token of the Tezos Network is called Tez or XTZ (similar to how bitcoin or BTC is the digital asset token of the Bitcoin network). The Tezos blockchain contains a record of every XTZ balance and transaction XTZ may be purchased and sold for fiat money or other digital currencies on cryptocurrency exchanges.
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