Tezos (XTZ) is a blockchain network that hosts the associated digital token Tez (XTZ), also known as tezzie. Similar to other cryptocurrency blockchains, Tezos enables user participation in decentralized finance (DeFi), decentralized applications, and non-fungible token (NFT) projects. However, what sets Tezos apart is its distinctive feature: a built-in governance mechanism for upgrading the network.
Here are some key points about Tezos:
Self-Amending Governance: Tezos employs a blockchain-based governance system that allows users to propose and vote on protocol upgrades. Changes to the Tezos blockchain are proposed by individuals who hold a certain amount of Tez (XTZ). This self-amending process ensures seamless network upgrades without the need for hard forks12.
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