Tezos (XTZ) is a blockchain network linked to a digital currency called a “tez” or a “tezzie.” Tezos are not dependent on tez mining. It is entirely built on the reward proving process, in which participants are rewarded via its proof-of-stake consensus mechanism.
Tezos faced various problems due to several delays and legal challenges after a promising start and a very successful initial coin offering (ICO). On the other hand, Tezos featured the Bitcoin bear market, partly thanks to its unique proof-of-stake system. Between October 2019 and February 2020, the price of tez more than doubled and hit all-time highs. Tezos stayed popular in 2021 and is ranked among the top 40 cryptocurrencies.
Tezos, like Bitcoin and Ethereum, is a blockchain-based decentralised ledger. Tezos, like Ethereum, is intended to leverage smart contracts. According to the inventors, the name “Tezos” is ancient Greek, meaning “smart contract.”
Tezos is intended to be a growing network. This flexibility is seen as a key component of its system. Bitcoin’s lack of flexibility and scalability, in particular, has saddled it with various hurdles and new problems.
 is a blockchain network linked to a digital currency called a "tez" or a "tezzie." Tezos are not dependent on tez mining.){kind=link}