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XTZ

What is Tezos?

Tezos (XTZ) is a blockchain network that’s based on smart contracts, in a way that is similar to Ethereum. However, there is one big difference: Tezos aims to offer infrastructure that is more advanced, meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. This open-source platform bills itself as “secure, upgradable and built to last" and states its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is future-proof and can embrace developments in blockchain technology. You can safely and reliably buy and sell XTZ on LiteBit.

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It’s been a long time since something exciting happened for Tezos. The protocol and its community are preparing for a new upgrade with the code name Mumbai and its massive improvements. What is Mumbai, and how is it going to elevate Tezos?

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Tezos has been flying under the radar for quite some time. Despite the fact that the media became silent about this particular blockchain technology, there is a lot of development going on that is pointing toward a bright future for Tezos and its native cryptocurrency XTZ. NFT marketplaces and a whole DeFi ecosystem have emerged throughout the year 2021. Let’s recap all the positive development that has happened and take a look at why USDT is an important addition to the Tezos ecosystem. 

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In the year 2021, there has been a lot of criticism of proof of work due to environmental concerns. One particular blockchain project that emphasizes being a green alternative that is not using too much energy is Tezos. It started in 2017 as an ICO and while the start of Tezos was delayed because of legal issues it became quite popular a few years after.

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