Tezos (XTZ) Will Host an AMA on X on September 12th at 16:00 UTC

Tezos is a distinctive blockchain platform architected to facilitate and govern decentralized applications (dApps) and smart contracts.

Cryptocurrency platform Coindar announced that Tezos will be hosting an “Ask Me Anything” (AMA) session on the X platform on September 12th at 16:00 UTC.

The announcement was made through a tweet by Coindar on September 11th, which included a link to the X platform and an image promoting the upcoming AMA. The tweet also featured the official XTZ Info handle, which provides updates and information related to Tezos.

Operating on a unique iteration of Proof of Stake (PoS) mechanism known as Liquid Proof of Stake (LPoS), Tezos allows participants owning more than 6,000 Tez (XTZ) to become delegates, or “bakers”. These bakers are responsible for creating, signing, and publishing new blocks on the Tezos blockchain, and endorsing blocks produced by other bakers. Furthermore, the network utilizes the Michelson programming language for the creation of smart contracts, which engage with the network’s cryptocurrency, Tez, for transaction execution and gas payment.

The native token of Tezos, XTZ, or Tez, plays a multifaceted role within the ecosystem. It serves as a reward for participation in the creation and endorsement of new blocks, either directly or through delegation. It functions as a voting mechanism within the decentralized governance system. Additionally, it is a means of value transfer and is used to pay for gas, the unit of computational effort in Tezos, necessary for executing transactions and interacting with smart contracts.