What is the name of xtz coin in Chinese?

The Chinese name of XTZ coin is Taizuo coin. It is a cryptocurrency based on the proof-of-stake consensus mechanism. It is derived from the ancient Greek word "contract" and supports smart contracts, governance mechanisms and upgradeability. , mainly used for payment, mortgage, governance and smart contract execution.

The Chinese name of XTZ coin: Taizuo coin

The Chinese name of XTZ coin is Taizuo coin, it It is a cryptocurrency issued by a French non-profit organization called Tezos Foundation. Taizuo Coin was born in 2017. It is a cryptocurrency with a PoS (Proof of Stake) consensus mechanism in the currency circle.

Origin of the name:

The Chinese name of XTZ coin "Taizuo" is derived from the ancient Greek word "tezos", which means "contract" or "smart contract" . This reflects the focus of the TZO blockchain platform to provide a platform for decentralized applications and smart contracts.

Features:

• Proof-of-stake consensus mechanism:Taizuo currency uses a proof-of-stake consensus mechanism, and the verifiers use the proof-of-stake consensus mechanism based on their holdings. Transactions are verified using the number of Bitcoins instead of computing power.
• Smart contract support: The Taizuo currency platform supports smart contracts, allowing developers to build and deploy decentralized applications on the blockchain.
• Governance mechanism: Taizuo currency holders can participate in the governance and decision-making of the blockchain through voting.
• Upgradeability: The TaiZuoCoin platform is designed to be highly upgradeable to accommodate new technologies and community feedback.

Uses:

Taizuo coins are mainly used for the following purposes:

• Payment:As A cryptocurrency, TZO can be used to purchase goods and services.
• Staking: Taizocoin can be used for staking to become a validator on the blockchain and earn rewards.
• Governance: TZO coins are used to pay the fees required to participate in governance proposals and vote.
• Smart Contracts: TZ is used to pay for the deployment and execution of smart contracts on the TZ coin blockchain.

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