Wat is Tezos

Tezos is a decentralised blockchain project that has obtained a license from the Massachusetts Institute of Technology. The developers have created a native token and a platform for users to create coins and additional applications themselves. Moreover, you can choose a backer (i.e., a participant to whom you can delegate your coins for voting) and, through his actions, influence the appearance of updates in the system.

For example, votes are held for or against payments to certain programmers or entire groups of active users who have contributed to updating the working protocol. All this helps create a community around the project and turn XTZ owners into investors or clients and full participants. On the other hand, such attention and financial rewards encourage developers to invest their time and effort in the development of the platform.

Tezos can be used not only for their intended purpose (for transfers and payments) but also for deploying smart contracts and developing unique NFT objects.