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Tezos - A Legacy to the Blockchain World

The detailed description of new decentralized blockchain, Tezos and its features.

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Tezos - A Legacy to the Blockchain World

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  1. Tezos - A Legacy to the Blockchain World

  2. Are you interested to know about the new decentralized blockchain, Tezos? It is a known fact, blockchain is the most trendiest revolutionizing technology of this digitized world. Undoubtedly, the tezos will drop a significant change in the blockchain world.

  3. What is Tezos and What’s New in it? Generally, Tezos is a smart contracts platform that is similar to the Ethereum but the tezos differs from one sole way, it incorporates a progress for protocol upgrade over time with on-chain governance. To point out, this governance system permit for a sleek blockchain evolution than hard fork, that splits blockchain into two distinct versions. In addition, there is certain focus for the tezos network to constitute a real digital commonwealth.

  4. The Technologies Behind Tezos Similar to all the blockchain, Tezos utilizes a order of blocks to carry off transaction data and other information. Likewise,it also has a specific consensus mechanism, upgrade system as well as the programming language.

  5. (i) On Chain Governance

  6. (ii)Code Evolution This typical blockchain undergoes the following three protocols to function: (a)Network Protocol To discover the transaction of the broadcast and blocks (b)Transaction Protocol Decides an delivers the essential for the valid transaction (c)Consensus Protocol This protocol id to determine how consensus is accomplished in a unique chain

  7. (iii)Liquid Proof-of-Stake

  8. Advantageous Traits (i)Accessible governance (ii)Seamless upgrades (iii)Education initiatives (iv)Affordable staking (v)Verifiable smart contracts

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