Tezos [XTZ]

This section is dedicated to the Tezos [XTZ] third generation cryptocurrency.

Understand how Tezos works through easy to follow ELI5 articles!

ELI5 Tezos’ Liquid Proof of Stake? by Gal Crypto
“You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in a bottle, it becomes the bottle. When you pour water in a ...
ELI5 Self-Amendment : How can Tezos upgrade itself? by Gal Crypto
In a recent post, we discussed Tezos' abstract blockchains. In short, by making system components loosely coupled, you can make changes to one part of the system without breaki...
ELI5 What are Tezos abstract blockchains? by Gal Crypto
"All problems in computer science can be solved by another level of indirection." - David Wheeler Computer science professor David Wheeler once famously stated that every probl...
ELI5 What’s the minimum amount of XTZ required to stake Tezos? by Gal Crypto
Is there a minimum amount of XTZ required to begin staking? A lot of new Tezos users ask this question because there certainly is a minimum amount of XTZ required to bake Tezos...
ELI5 How does Tezos protect itself against common attacks? by Gal Crypto
Unlike other Proof of Stake cryptocurrencies, Tezos does not have the concept of preferred block validators, as this would imply trust. Tezos is 100% trustless platform, wher...
ELI5 Why can’t I delegate Tezos to multiple bakers? by Gal Crypto
Most Tezos wallets operate on a single account at a time. Which means everything you do in an instance of a personal wallet, like Galleon, is done under one account. To work on...
ELI5 Tezos On-Chain Governance by Gal Crypto
Tezos is a third generation cryptocurrency which offers all the benefits of first and second generation cryptocurrencies, plus Proof of Stake minting and on-chain governance. I...
ELI5 How does Tezos avoid baking centralization? by Gal Crypto
One of Tezos' most exciting features is the way it protects itself against attacks. There are no trusted hosts or manually designated network watchmen. It is a fully decentrali...
ELI5 How do Tezos Smart Contracts work?
ELI5 How do Tezos Smart Contracts work? by Gal Crypto
Tezos smart contracts are natively written in Michelson - a purely functional, statically typed programming language. Note: See our cryptocurrency programming languages articl...
ELI5 What’s the difference between TZ and KT Tezos addresses?
ELI5 What’s the difference between TZ and KT Tezos addresses? by Gal Crypto
In the Tezos seed protocol (the first production system), users had the choice of creating two different types of accounts: manager (AKA implicit) and originated addresses. Man...