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#Post#: 20--------------------------------------------------
About Tezos (XTZ)
By: Ziadjbt78 Date: August 30, 2019, 9:02 am
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Developed by ex-Morgan Stanley analyst Arthur Breitman. Tezos
(XTZ) is a multi-purpose platform that supports dApps and smart
contracts. It aims to combine a self-correcting protocol and
on-chain governance to manage network modifications. Tezos is
powered by XTZ, which is created through 'baking'. Bakers put up
deposits and are rewarded for signing and publishing blocks.
Witnesses then validate the blocks. Dishonest bakers lose their
XTZ deposits. Tezos uses delegated proof-of-stake (DPoS) and
supports Turing complete smart contracts. Tezos is implemented
in the OCaml programming language, which is said to offer
'functional, imperative, and object-oriented styles'.
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