Tezos is launching with a pure proof-of-stake consensus protocol while Ethereum relies on proof-of-work . While Ethereum does plan to move to proof-of-stake, the two algorithms are qualitatively different. Ethereum’s proposed proof-of-stake algorithm relies on a set of bonded validators to create blocks.
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Tezos is a decentralized open-source blockchain that can execute peer-to-peer transactions and serve as a platform for deploying smart contracts . The native cryptocurrency for the Tezos blockchain is the tez which has the symbol XTZ.
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