XTZ (Tezos)

Understand the key crypto terminology related to XUC (Exchange Union Coin) and enhance your trading knowledge with clear and concise definitions.

XTZ is the native cryptocurrency of the Tezos blockchain, which aims to create a self-amending and secure environment for smart contracts and decentralized applications. Tezos uses a unique proof-of-stake consensus mechanism, allowing holders of XTZ to participate in the network by validating transactions and earning rewards.One of the standout features of Tezos is its ability to undergo protocol upgrades without requiring hard forks. This means the network can evolve more smoothly, responding to community suggestions and technological advancements.XTZ can be used to pay for transaction fees, interact with smart contracts, and participate in governance decisions within the Tezos ecosystem. Holders can stake their XTZ tokens to earn rewards and help maintain the network’s security and integrity.Overall, Tezos aims to provide a more adaptable and user-governed blockchain solution, combining efficiency with a strong focus on community involvement.

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