Does Tezos have its own cryptocurrency or token system like Bitcoin or Ethereum does?
Yes, Tezos has its own cryptocurrency or token system.
The Tezos token is called XTZ (or Tez). XTZ is a digital asset that can be used to pay for services and products on the Tezos network. It is also used to reward users who participate in the network’s consensus process.
XTZ tokens are generated through a process called baking, which is similar to mining in other blockchain networks. Bakers are rewarded with XTZ tokens for validating transactions and securing the network. The total supply of XTZ tokens is limited and fixed at 763,306,928.
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