Come shape the future with us

A blockchain is essentially a technical framework in which digital transactions are agreed upon without central authority, recorded in an unchangeable ledger, and maintained across a network of computers. As fresh data is added to the network, a new ‘block’ is created and attached to the ‘chain’. It's essentially innovative database technology that is transforming how we exchange value. There are public and private blockchains; public blockchains are ledgers of information on global, decentralised networks.

Though blockchains differ in their design and technical features, most of them support two key functionalities: transacting value in the form of cryptocurrencies, and executing instructions called smart contracts. Smart contracts, in turn, provide the foundation for decentralized applications, also known as dapps.

Tezos is an open-source, self-upgrading blockchain built to last.

By design, Tezos embraces long-term upgradability, open participation, collaboration, and smart contract safety. Its on-chain governance lets stakeholders deliver protocol upgrades without disruptive hard forks, so applications stay stable while the network keeps getting faster and more capable. Tezos continuously and seamlessly upgrades itself, adding the latest innovations to deliver novel and new capabilities within the space.

The original proof-of-stake protocol, Tezos now offers a sub-50ms latency EVM layer, a native data availability layer, and rollups to scale serious applications. Since 2018, Tezos has processed hundreds of millions of transactions representing billions of dollars in value, powering tokenized finance, gaming, and digital ownership for a global community.

DeFi is short for “decentralized finance,” which is an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.

NFT stands for Non-Fungible Token.“Non-fungible” means that it is completely unique. “Token” means that it can be transferred on a blockchain. Essentially, NFTs are assets that carry a unique digital identity and can be traded between users on a public blockchain like Tezos. Common examples of NFTs include artwork, trading cards, comic books, sports collectibles, games and more. Although NFTs tend to be associated with artwork, they actually represent much more.

A crypto wallet is an application or device that functions as a wallet for your cryptocurrency and makes the blockchain accessible to everyone. It allows you to store and transfer cryptocurrency. It provides the interface that lets you access your crypto and stores the passkeys you use to sign for your cryptocurrency. Wallets contain a public key (the wallet address) and your private keys needed to sign cryptocurrency transactions. Anyone who knows the private key can control the coins associated with that address. There are various types of wallets, with its own features and security levels. 

Tezos, as a pioneering layer 1 Proof-of-Stake blockchain, has always been recognized as an energy-efficient alternative to more traditional Proof of Work blockchains. The total annual carbon footprint of the Tezos blockchain is equivalent to the average energy footprint of 17 global citizens.

https://sustainability.tezos.com

Discover some of the entities and applications in the Tezos ecosystem here.

Tez (XTZ) is the native token of the Tezos blockchain. It is used to interact with dApps, pay for fees, secure the network through staking, and provide a basic accounting unit on the Tezos platform.