Tezos (XTZ): What To Know & Why You Should Care
Tezos is a new decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification that mathematically proves the correctness of the code managing transactions and boosts the security of the most sensitive or financially weighted contracts.
If you’re just getting started with cryptocurrencies, this might sound like a bunch of mumbo jumbos.
But if you want to understand what makes Tezos different from other blockchains, it’s helpful to break this down.
Tezos has two separate parts: a settlement layer and a proof-of-stake consensus protocol. The settlement layer’s job is to record and transfer value units like XTZ, Bitcoin, or fiat currencies. It achieves this using conventional database techniques.