FINEST x TEZOS
WHAT IS TEZOS?
Tezos is a blockchain protocol featuring on-chain governance, secure smart-contract development, low transaction fees, and a validation system known as Liquid Proof of Stake. Tezos has experienced 8 network upgrades over the past four years by allowing each computer (validator) to vote on protocols. Given Tezos’ eco-friendly structure and low transaction fees, NFTs on the blockchain are known as “Clean-NFT’s” — meaning your mark is made on the blockchain, not the environment. This combination creates a highly efficient, secure, scalable, upgradable and built to last blockchain.
WHAT IS BLOCKCHAIN?
A blockchain is a decentralized database shared across a network of computers called nodes. These computers all share the same copy of a record while constantly validating and updating new transactions. Built on this database are “smart contracts” which facilitate transactions and storage. Users interact with tokens, cryptocurrencies and NFT’s across this network.
WHAT IS NFT?
Non Fungible Tokens, or NFT’s, are unique units of data stored on the blockchain. They could be any one-of-a-kind digital items (photos, videos, PDF’s etc). NFT’s use blockchain to verify and prove who is the owner of it’s asset. NFT’s in the form of art have recently gained immense popularity — with some pieces selling in the millions.