Dropee question of the day code 10 December What is the native cryptocurrency of the Tezos blockchain?

Dropee Question of the Day Code 10 December: Here is the answer to today's Dropee Question of the Day: What is the native cryptocurrency of the Tezos blockchain? and the answer is XTZ

by Shoba

Updated December 10, 2024 9:16 AMDec 10, 2024

Dropee question of the day code 10 December What is the native cryptocurrency of the Tezos blockchain?

Today's Dropped Question of the Day Code 10 December 2024

We have the answer to Dropee Question of the Day Code December 10, 2024 puzzle. This answer will help you finish the puzzle you’re working on.

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Here is the today's dropee question of the day code Answers for 10 December.

QUESTION: What is the native cryptocurrency of the Tezos blockchain?

ANSWER: XTZ

The native cryptocurrency of the Tezos blockchain is XTZ, often referred to as "tez" or "tezzies." Tezos is a decentralized blockchain platform designed to support smart contracts and decentralized applications (dApps). What sets Tezos apart is its self-amending governance mechanism, which allows the blockchain to evolve and upgrade itself without the need for hard forks.

This feature ensures adaptability and long-term scalability. XTZ serves multiple functions within the ecosystem: it is used to pay transaction fees, participate in staking (referred to as "baking" in Tezos terminology), and engage in governance decisions by voting on proposed protocol upgrades. By holding and staking XTZ, users contribute to network security and play an active role in shaping the future of the Tezos platform.

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Dropee question of the day code 10 December What is the native cryptocurrency of the Tezos blockchain?

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