Tezos is quickly becoming the go-to blockchain for artist communities. According to Roman Salnikov, CEO of the popular NFT marketplace Rarible, Tezos has an incredibly strong foothold in the crypto native culture. It stands out from the competition due to its carbon neutral chain, as well as its ability to scale and keep transaction costs low without sacrificing decentralization.
Tezos is a blockchain network that is built on the proof-of-stake consensus mechanism. Unlike other proof-of-stake networks, Tezos does not require users to stake large amounts of their tokens to participate in the network. Instead, it uses a unique system called “baking” which allows users to stake a small amount of their tokens and still be able to participate in the network. This makes it much easier for users to get involved in the network and to earn rewards for their participation.
The Tezos blockchain is also designed to be self-amending, meaning that it can be upgraded without the need for a hard fork. This is possible due to the use of a special protocol called the “on-chain governance” which allows the network to vote on any proposed changes. This ensures that the network is always up-to-date and that users can always benefit from the latest features.
The most impressive thing about Tezos is its scalability and low transaction costs. The network is able to process up to 10,000 transactions per second, making it one of the fastest blockchains on the market. Additionally, the network is designed to be extremely energy efficient, meaning that it uses far less energy than other blockchains. This makes it ideal for applications that require high throughput and low transaction fees.
Finally, Tezos is a carbon neutral blockchain. This means that the network does not produce any carbon emissions, making it an environmentally friendly way to conduct transactions. This is a major plus for artist communities, as it allows them to conduct transactions without worrying about the environmental impact.
Overall, Tezos is proving to be a popular choice for artist communities due to its scalability, low transaction costs, and carbon neutrality. Its on-chain governance and self-amending protocols make it a secure and reliable blockchain, and its energy efficiency makes it a great choice for applications that require high throughput and low fees. With its strong foothold in the crypto native culture, it is clear that Tezos will continue to be a major player in the blockchain space for years to come.
