Tezos is a blockchain network similar to Ethereum for developing and deploying smart contracts and decentralized applications. Tezos is the first self-evolving blockchain in the globe.
Tezos is a P2P, distributed, and permissionless blockchain network aiming to make a few notable improvements and innovations in the blockchain.
Difference between Tezos and Ethereum
The smart contract language of the Tezos blockchain is Michelson whereas the smart contract language of Ethereum is Ethereum Virtual Machine (EVM ).
Both EVM and Michelson are stack-based programming language which works by mutating a sequence of data elements to some sequence of instructions.
The main difference between Michelson and EVM are
Michelson is written in a human-legible text format and EVM operates as bytes.
Michelson data elements are typed but it is not the same in EVM.
Baking - What does it mean?
Tezos baking is the action of signing and publishing a new block of transactions to the Tezos blockchain. The process of adding a new block to a tezos network is known as baking also known as Endorsing.
To get qualified as a delegate, Bakers need at least 10,000 XTZ and if they have additional delegated stake increases chances for selected as a Baker or Endorser. Baking results in a 16 XTZ reward.
Working of Tezos
To understands the working of tezos , we must know about the utility of special characteristics of Tezos.
- On-Chain Governance 2.The liquid Proof-of-Stake consensus mechanism 3.Smart contracts with verifications
Source : Bitdeal
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