Tezos is a blockchain platform that pursues the objective of facilitating smart contracts and decentralized applications which are scalable, flexible, and secure. It follows its own consensus mechanism called the Liquid Proof-of-Stake. This protocol governs the rules of staking, the process of holding crypto in a wallet to support the network’s operations and receive rewards in return. Essentially, users on the Tezos blockchain can delegate their wallets to validators, also called "bakers," and earn interest on their investment. Moreover, the users retain full ownership of their XTZ when delegating to validators and can move tokens freely since there are no freezing periods.
Tezos coin does not circulate strictly within the limits of the Tezos blockchain since there are companies that accept it. One of them is Travala.com that offers over 3 million travel products in 230 countries which are now available for purchase to all XTZ holders.
Tezos Payment Benefits:- Absence of Hard Forks
Tezos blockchain avoids network conflicts and issues due to the self-amending nature that allows it to perform updates without the need to initiate hard forks. - Price
Since there are no hard forks, XTZ prices are less susceptible to major fluctuations. - Wallets
XTZ is compatible with many reliable wallets, including Atomic Wallet and Exodus.