Tezos (XTZ) is an open-source user-focused blockchain designed to revolutionize Web3 development by implementing advanced tools and functionalities. GetBlock, a blockchain-as-a-service provider for over 40 leading networks, grants near-instant access to the Tezos ecosystem for all clients.
GetBlock adds support for Tezos blockchain nodes
First proposed in a 2014 white paper, Tezos maintains a known around the world as a robust and forward-looking platform for dApp development and smart contract coding. The network’s unique Liquid Proof-of-Stake protocol allows all users to vote or delegate their voting power to another peer. LPoS has showcased its effectiveness and resourcefulness over the years.
Therefore, web3 developers are actively utilizing Tezos and are building decentralized products on the basis of the blockchain. The best and most time-and-resource-efficient way of connecting to the Tezos ecosystem is by running Tezos nodes hosted by GetBlock.
Both dedicated and shared nodes for Tezos are frequently deployed by GetBlock clients. Via dedicated nodes, it is possible to build all kinds of web3 applications, as this option implies that clients can decide on the node infrastructure requirements themselves. In addition to an unlimited number of requests, customers can select the geographic location of their node server, utilize RPC API Interface, receive 24/7 technical support, and so much more.
Tezos shared nodes are the primary choice among beginners in web3 technology and early-stage product development. Users share node infrastructure with other peers and get the chance to effectively experiment with their decentralized products under realistic blockchain conditions.
Tezos main features
Tezos offers an array of various services and options for its users, starting from the Liquid Proof-of-Stake (LPoS) consensus algorithm. Not only does LPoS allow users to participate in on-chain governance, it is also offers fractional transaction costs and offers a unique concept of ‘baking’, which describes the ability to validate transaction blocks depending on how many tez tokens a user ‘bakes’. Any community member can become a baker. However, if malicious intent is discovered, he/she will automatically lose the security deposit.
The self-amending function makes it possible to avoid forking when upgrading the network in order to keep the community focused on the same goals. Self-amendment combined with on-chain governance work to reduce blockchain costs and boost seamless integration of technologies.
Native token tez (XTZ)
Tezos has its own native cryptocurrency “tez” (XTZ) used to maintain the proper operating state of the entire blockchain, e.g. paying for fees, providing security, executing smart contracts, etc. Users can buy tez here.
As Tezos is receiving more global recognition, the platform is focusing on building a strong and tech-savvy community ready to bring new changes to the web3 world. Thanks to GetBlock, it has never been easier to integrate your projects within the Tezos ecosystem.