# XTZ - Tezos

### LPoS Blockchain

* use proof-of-stake mechanism, run Tezos software by computers to run nodes to secure the network, validate transactions to earn XTZ token as incentives 
* stake 8,000 XTZ to run a node (be a baker) or delegate XTZ to baker to participate in governance voting
* stakers can vote for proposals of code changes
  * **Proposal -** baker to submit proposal
  * **Exploration Vote -** a super-majority 80%+ of votes in favour to the proposal
  * **Testing  -** move the changes to 48-hour fork chain to test & verify
  * **Promotion Vote** - bakers' final votes to reach a super-majority to confirm implementation  

### Tezos Node

* **The Peer-peer layer**
  * peer layer monitors & scores peers, places the misbehaving peers on the greylist
  * Tezos platform regularly exchanges known good peers achieve the best connectivity
  * peer-peer layer ensures that all the communication between the nodes is authentic and encrypted for safety, security, and reliability
* **The Context Database**
  * stores the state of the ledger
  * uses hash tree form explains the state of the ledger, so it eases the straightforward verification for clients
* **Network Shell**
  * is responsible for interpreting transactions & administrative operations, takes over the blocks sent by the peers & validates it against the current protocol
  * support Self-Amendment by choosing proposal from bakers based on voting, then upgrade itself without having to fork the original network to create a new blockchain

### NFT Adoption

* Partnered with Manchester United as the official blockchain to launch digital collectibles, holding the NFT as a proof of community to access exclusive private channel, airdrops & physical assets
* objkt.com as the largest Digital Art & Collectible marketplace on Tezos, putting art first and having objkt.one to on board 1/1 artworks from artists worldwide
* Nefta, Block Born join force to on board blockchain gaming development from the Tezos Foundation, gif.games, Balthazar DAO, Bloometa, and Interpop
* Ubisoft delivered its Ghost Recon Breakpoint NFTs on Tezos
* Shopify's TheTaco app integates Tezos to make Tezos NFTs more accessible by the public
* GAP launches its interactive digital collectible to give virtual fashion experience to users
* McLaren racing digital Collectibles collection campaign to enjoy exclusive virtual meeting with McLaren's CEO