Dear BitForex users,
We are delighted to announce the listing of Tezos (XTZ) on BitForex. The details are listed below - Happy trading!
- XTZ deposit and withdrawal will open on 2019/10/12, at 17:00 (GMT+8)
- XTZ/BTC, XTZ/ETH tradings will open on 2019/10/12, at 17:00 (GMT+8)
- Project Name: Tezos
- Coin Symbol: XTZ
- Official Website: https://tezos.com/
- Blockchain Explorer: https://tzstats.com/
Tezos is a blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. Tezos supports smart contracts and offers a platform to build decentralized applications.
Self-amendment allows Tezos to upgrade itself without having to split (“fork”) the network into two different blockchains. This is important as the suggestion or expectation of a fork can divide the community, alter stakeholder incentives, and disrupt the network effects that are formed over time. Because of self-amendment, coordination and execution costs for protocol upgrades are reduced and future innovations can be seamlessly implemented.
In Tezos, all stakeholders can participate in governing the protocol. The election cycle provides a formal and systematic procedure for stakeholders to reach an agreement on proposed protocol amendments. By combining this on-chain mechanism with self-amendment, Tezos can change this initial election process to adopt better governance mechanisms when they are discovered.
Risk Warning: Cryptocurrency trading involves significant risk and may cost your invested capital lost. Please make sure that you fully understand the risk involved and take it into consideration your level of experience, investment objectives and seek independent financial advice if necessary.