Tezos (XTZ)
- Official Website: tezos.com
- Definition: Tezos is a blockchain platform designed for smart contracts and decentralized apps, focusing on self-amendment and governance.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A self-amending blockchain that evolves through community governance.
- Function: Enables smart contracts, dApps, and decentralized governance.
- Analogy: Think of Tezos as a living organism. It evolves and improves over time through community input.
- Pros: Self-amending, strong governance, low fees.
- Cons: Smaller ecosystem, competition from other Layer 1 chains.
- Controversies: Centralization concerns, slow adoption.
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This page was last updated on January 28, 2025.
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