Tezos is an open-source blockchain platform with smart contract functionality that can support Web3 dApps and utilizes a proof of stake consensus mechanism. It offers decentralized governance, energy-efficient infrastructure, and low operating costs to build scalable and flexible Web 3.0 applications.
XTZ is the native token of the Tezos blockchain and has several purposes, including paying transaction fees and securing the network via staking. It is one of the top cryptocurrencies by market cap and is an attractive digital asset to include in your crypto portfolio.
The Tezos protocol offers institutional-grade security, making it an attractive platform for building enterprise applications. It also embodies the very essence of decentralization blockchain technology is known for by empowering its community of XTZ holders with governance responsibilities.
The on-chain upgrade mechanism ensures a forkless interface, offering high levels of trust. The Tezos platform is one of the most robust in the market to develop low-cost and highly efficient decentralized applications, including in the DeFi, NFT, gaming, and digital identity (DID) space.
You can learn more about Tezos (XTZ) at our KuCoin Blog.
