Tezos Blockchain: A Complete Guide for Beginners & Businesses

Introduction
Tezos is a smart contract blockchain designed to be secure, scalable, and self-upgrading. Unlike many blockchains that require hard forks to improve, Tezos can upgrade itself without splitting the network. This makes it a popular choice for NFTs, DeFi, enterprise applications, and digital assets.

Tezos blockchain illustration with XTZ symbol, highlighting smart contracts, security, and business applications.

What Is Tezos?
Tezos is a decentralized blockchain platform that allows users to:
Send and receive digital assets
Create smart contracts

Build decentralized applications (dApps)
Key Features of Tezos

1. Self-Amending Blockchain
   Tezos can upgrade automatically through on-chain governance.

2. Proof-of-Stake (PoS) Consensus
   Tezos uses Liquid Proof-of-Stake (LPoS), which is energy-efficient.

3. Smart Contracts
   Tezos supports secure and verifiable smart contracts.

4. On-Chain Governance
   Token holders vote on network upgrades.

5. High Security
   Tezos uses formal verification to reduce smart contract bugs.

What Is XTZ (Tez)?
XTZ (Tez) is the native cryptocurrency of the Tezos network.

It is used for:
Transaction fees
Staking (baking & delegating)
Voting on network upgrades

Baking & Delegation in Tezos
Baking
Baking is the process of validating transactions on Tezos.

Delegation
Users can delegate their XTZ to bakers without losing ownership.

Tezos Use Cases

1. NFTs
   Tezos is popular for eco-friendly NFT marketplaces.

2. DeFi Applications
   Tezos supports lending, staking, and decentralized exchanges.

3. Enterprise & Institutional Use
   Many companies use Tezos for:

Digital identity
Asset tokenization
Blockchain governance

Table comparing Tezos and Ethereum: both use Proof-of-Stake; Tezos self-amends, Ethereum uses hard forks; Tezos has lower fees and very low energy use, Ethereum has higher fees and low energy use.

Advantages of Tezos
Eco-friendly
Strong governance system
High security
Lower transaction fees
No hard forks
Challenges of Tezos
Smaller ecosystem than Ethereum
Limited awareness among beginners
Fewer dApps compared to major chains

Why Choose Tezos for Blockchain Development?
Businesses choose Tezos because it offers:
Long-term stability
Upgrade flexibility
Secure smart contracts
Cost-efficient transactions

Conclusion
Tezos is a powerful blockchain that focuses on sustainability, governance, and security. With its self-upgrading design and energy-efficient Proof-of-Stake model, Tezos is well-suited for NFTs, DeFi, enterprises, and long-term blockchain projects.