Tezos to Host Community Call on June 26th

Tezos will hold a community call on YouTube on June 26th at 14:00 UTC, focusing on the future of decentralised finance on the Etherlink layer and recent network upgrades supporting scalability. Representatives from the Trilitech and Nomadic Labs teams will also present information concerning the Applefarm project.

Refer to the official tweet by XTZ:

🏛️ Tezos Townhall #10 - Exploring the future of DeFi on Etherlink 🔗

Join the & teams for a deep dive into , the juicy details on Applefarm, and how the latest network upgrades are scaling DeFi on Tezos.

🗓️ June 26, 4PM CEST // 10:00AM EST

📍…

XTZ Info

Tezos is a distinctive blockchain platform architected to facilitate and govern decentralized applications (dApps) and smart contracts. Its foundation is built on a decentralized governance system that enables blockchain modifications through a community-led decision-making process.

Operating on a unique iteration of Proof of Stake (PoS) mechanism known as Liquid Proof of Stake (LPoS), Tezos allows participants owning more than 6,000 Tez (XTZ) to become delegates, or “bakers”. These bakers are responsible for creating, signing, and publishing new blocks on the Tezos blockchain, and endorsing blocks produced by other bakers. Furthermore, the network utilizes the Michelson programming language for the creation of smart contracts, which engage with the network’s cryptocurrency, Tez, for transaction execution and gas payment.

The native token of Tezos, XTZ, or Tez, plays a multifaceted role within the ecosystem. It serves as a reward for participation in the creation and endorsement of new blocks, either directly or through delegation. It functions as a voting mechanism within the decentralized governance system. Additionally, it is a means of value transfer and is used to pay for gas, the unit of computational effort in Tezos, necessary for executing transactions and interacting with smart contracts.