Tezos to Hold AMA on X on February 22nd — TradingView News

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Tezos will host an AMA on X with Nico­las Streschin­sky, the head of DeFi at Trilitech on Feb­ru­ary 22nd at 18:00 UTC. The dis­cus­sion will focus on the role of DeFi with­in the Tezos ecosys­tem. Streschin­sky will also pro­vide updates on recent developments.

Refer to the offi­cial tweet by XTZ:

📢 Join Nico­las Streschin­sky (Head of DeFi, Trilitech) in an upcom­ing com­mu­ni­ty call! @nico_st_29 will talk about DeFi with­in the Tezos ecosys­tem as well as share excit­ing updates!

Send in your ques­tions using #TezosAMA.

🗓️ Feb­ru­ary 22nd

⏰ 18:00 UTC

🔗 https://t.co/WWxBSJxXlB

Feb 20, 2024

XTZ Info

Tezos is a dis­tinc­tive blockchain plat­form archi­tect­ed to facil­i­tate and gov­ern decen­tral­ized appli­ca­tions (dApps) and smart con­tracts. Its foun­da­tion is built on a decen­tral­ized gov­er­nance sys­tem that enables blockchain mod­i­fi­ca­tions through a com­mu­ni­ty-led deci­sion-mak­ing process.

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.

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