Latest Tezos updates on February 21st

Tezos, a cryptocurrency project, has been active in the news recently. On February 21, they released a second release candidate for Octez 16.0, which supports the Mumba protocol upgrade. On February 18, twelve traditional art institutions joined a Web 3.0 fellowship programme, and on the same day, Issue #138 of ‘The Baking Sheet’ was published, a weekly summary of their ecosystem. On February 17, the projects that participated in Cohort 1 of the TZ APAC #Tezos Incubator pitched to industry’s top leaders and investors, and on the same day, an artwork by John Gerrard was acquired by the Centre Pompidou in France. February 14 marked the announcement of the Fuelarts x Tezos Accelerator program, and on February 10, Zircon Tech became a Corporate Baker. India Art Fair was also a success, and Tezos also announced their support for relief efforts through the TezQuakeAid project. Finally, on February 8, RevolutApp made ETH, DOT, ADA, and XTZ staking available for customers in the UK and Europe.

What is Tezos ?

Welcome to Tezos, the blockchain designed to evolve! Tezos is a decentralized, open-source platform that leverages the latest in blockchain technology to provide users with an unprecedented level of security, scalability, and upgradability.

At the heart of Tezos lies its innovative governance model, which allows users to participate in decision-making regarding system upgrades and improvements. This feature gives Tezos a unique advantage over other blockchains, as it allows for a more active, collaborative, and self-sustaining network.

In terms of security, Tezos utilizes a proof-of-stake consensus algorithm, which requires significantly less energy and cost to operate compared to proof-of-work blockchains. This energy-efficient approach makes Tezos an ideal platform for building blockchain applications that are eco-friendly and scalable.

The Tezos platform also supports smart contracts and is renowned for its smart contract safety, thanks to its formal verification capabilities. Through this feature, developers can mathematically prove the correctness of their code and ensure that their contracts are reliable and secure.

Finally, Tezos is the first major blockchain to offer a seamlessly upgradeable architecture, allowing it to seamlessly and forklessly upgrade its protocol over time. This innovative feature enables Tezos to continuously add the latest innovation and remain state-of-the-art.

In short, Tezos is a secure, upgradeable, and self-governed blockchain that empowers users to actively participate in its development. It is the perfect platform for building the Web3 revolution, and we’re excited to see what the future holds for Tezos.

This article was published on 2023-01-28 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.