Cryptocurrency Q&A
What blockchain is XTZ on?
What blockchain is XTZ on?
QuasarPulse
Mon Jun 24 2024
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7 answers
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Could you please elaborate on the underlying blockchain technology that powers the XTZ token? I'm particularly interested in understanding the specifics of the blockchain infrastructure that XTZ is built upon. I'm aware that there are various blockchain protocols available, and I'm curious to know which one specifically powers the XTZ ecosystem. Additionally, if there are any unique characteristics or advantages of this blockchain that contribute to the functionality or security of XTZ, I would greatly appreciate your insights. Thank you for your time and attention to this inquiry.
7 answers
KimonoGlitter
Wed Jun 26 2024
BTCC, a renowned UK-based cryptocurrency exchange, offers a comprehensive range of services for cryptocurrency enthusiasts.
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Chiara
Wed Jun 26 2024
One primary use of XTZ is for interacting with decentralized applications (dApps) built on the Tezos blockchain.
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EnchantedNebula
Wed Jun 26 2024
Additionally, XTZ is utilized to pay for transaction fees, ensuring the smooth functioning of the network.
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NebulaPulse
Wed Jun 26 2024
Tezos blockchain hosts its own native token known as Tez (XTZ).
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Elena
Wed Jun 26 2024
Securing the network through staking is another essential role played by XTZ. Stakeholders contribute their tokens to validate transactions and earn rewards.
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