Tezos (XTZ)

Tezos (XTZ) is a decentralized Blockchain platform that supports Smart Contracts and decentralized applications (dApps). It uses a self-amending protocol, which allows the network to upgrade itself through on-chain governance. This means that Stakeholders can propose and vote on changes to the protocol, promoting adaptability and long-term Sustainability.

Tezos operates on a unique consensus mechanism called Liquid Proof-of-Stake (LPoS), enabling users to participate in the validation process by Staking their XTZ tokens, which can also be delegated to other validators.

For example, a developer can create a Decentralized Finance (DeFi) application on the Tezos platform, utilizing its smart contract capabilities. In another case, a non-fungible token (NFT) marketplace might leverage Tezos for lower transaction fees and energy-efficient operations compared to other Blockchains.