Tezos (XTZ): Blockchain Innovations that are Changing the Crypto World

Jakarta, Pintu News – Tezos is a blockchain network that supports the Tez digital token (XTZ), also known as tezzie. Like other cryptocurrency blockchains, Tezos facilitates user participation in decentralized finance (DeFi), decentralized applications, and non-fungible token (NFT) projects.

History of Tezos

Tezos was created by Arthur Breitman, a French engineer who worked at Google X and Waymo, and later became a quantitative analyst at Morgan Stanley (MS). The development of Tezos also involved Kathleen Breitman, Arthur’s wife who previously worked at hedge fund Bridgewater Associates and software company R3. The couple met at an Anarcho-Capitalist gathering in New York.

Tezos is designed to use smart contracts, similar to Ethereum (ETH). The name “Tezos” may come from the ancient Greek term for “smart contract” or more likely, is a name invented by an algorithm written by Arthur Breitman to filter out unclaimed names on the internet that are easy to pronounce in English.

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Tezos Difference

Tezos’ governance protocol sets it apart from Bitcoin (BTC) and Ethereum (ETH), which have no formal governance system. Another uniqueness of Tezos is its policy that emphasizes that the blockchain cannot be forked, which is a distinctive feature among cryptocurrencies. In addition, the provision that adjusts active shares for the creation of new tokens is also unusual and meant to encourage participation.

These governance protocols provide several advantages, including protection against blockchain forks that can split the community and reduce security. Tezos’ inflation mechanism, which awards additional tokens to stakeholders, remains to be seen if it can protect them in the long run.

The Future of Tezos

Tezos’ technology has been used in experiments by the European central bank to explore the possibility of launching the digital euro, the central bank’s digital currency. Tezos has also caught the attention of One Of, an NFT platform backed by music producer Quincy Jones.

Other uses, including cryptocurrency yield farming that depend on inflated crypto valuations and strong financial markets, may be less durable over time. With its various advantages and potential, Tezos continues to show growth and development in the crypto ecosystem. However, challenges remain, especially in the face of market fluctuations and competition with other evolving blockchains.

Conclusion

As one of the emerging blockchains, Tezos offers innovations and advantages that could change the way the world sees and uses blockchain technology. With strong governance and adaptive technology, Tezos is poised for a future filled with possibilities and challenges.

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Reference

• Investopedia. Tezos. Accessed on July 30, 2025