Question 1

What is Tezos?

Accepted Answer

Tezos is an open-source platform for assets and applications that can evolve and upgrade itself without having to split the network. It enables stakeholders to govern protocol upgrades and to implement innovations seamlessly. Tezos provides a platform to create smart contracts and build decentralized applications that can't be censored or shut down. It also allows for formal verification, which helps to increase security by mathematically proving properties about programs. Furthermore, Tezos uses a proof-of-stake consensus mechanism that rewards participants for contributing to the network's security and stability. Participants must make a security deposit to participate in the consensus process, and dishonest behaviour is penalized. Users who do not want to participate in the consensus process can delegate their rights to other users.

Question 2

What is baking?

Accepted Answer

“Baking” is the act of signing and publishing blocks to the Tezos blockchain. Bakers are a crucial component of the Proof-of-Stake consensus mechanism by ensuring that all transactions in a block are correct, that the order of transactions is agreed upon, and that no double-spending has occurred.

To bake blocks, a baker needs to participate in Proof-of-Stake, which requires a minimum of 8,000 XTZ (1 roll). The more rolls of tez that a baker owns, the higher your chances are at baking blocks and earning baking rewards.

Question 3

What is delegating?

Accepted Answer

If someone does not have 8,000 XTZ or does not want to set up computing infrastructure to bake blocks, they may delegate their coins to a baker (aka "delegate"). Delegating lets coin holders (i.e. "delegators") "lend" their coins to a baker (i.e. a "delegate"), giving the baker a higher probability of being selected to bake and endorse blocks. In practice, bakers usually share the additional revenue generated from the delegated tokens with the coin holder. Importantly, this process does not actually transfer ownership of coins and hence the baker cannot spend or control the XTZ delegated to it, ensuring that bakers cannot appropriate the delegators' funds.

Question 4

Who Created Tezos?

Accepted Answer

Arthur Breitman and Kathleen Breitman are the two main creators of Tezos. They were joined by a group of developers and researchers to create the platform. Arthur and Kathleen have backgrounds in mathematical finance and computer science respectively. Arthur was a quantitative analyst at Goldman Sachs and had experience working on Wall Street. Kathleen was a business analyst at Bridgewater Associates, a hedge fund company. The team worked for two years to develop the Tezos protocol and platform. Tezos was officially launched in 2018 and has since become a major player in the cryptocurrency space.

#	Instrumen	Bursa	Skor Tolok Ukur	Harga	Perubahan 24j	Volume 24j	Trading 24j	Pembukaan 24j	Tertinggi 24j
1	XTZ-USDT XTZUSDT	binance	AA	0.3428USDT	-2.42%	5,762,535.00XTZ	35,322	0.3513USDT	0.3604USDT
2	XTZ-USDT XTZUSDT	bybit	A	0.3425USDT	-2.53%	2,453,588.11XTZ	9,148	0.3514USDT	0.3603USDT
3	XTZ-USD XTZUSD	kraken	AA	0.3428USD	-2.37%	1,847,381.58XTZ	3,012	0.3511USD	0.3598USD
4	XTZ-USD XTZ-USD	coinbase	AA	0.3423USD	-2.56%	1,709,663.80XTZ	6,829	0.3513USD	0.3612USD
5	XTZ-USDT XTZ-USDT	okex	A	0.3428USDT	-2.45%	1,224,080.01XTZ	5,621	0.3514USDT	0.3600USDT
6	XTZ-USDT XTZ_USDT	whitebit	BB	0.3428USDT	-2.44%	1,138,718.52XTZ	19,559	0.3514USDT	0.3597USDT
7	XTZ-USDT XTZUSDT_SPBL	bitget	BB	0.3428USDT	-2.48%	793,154.70XTZ	3,587	0.3515USDT	0.3602USDT
8	XTZ-USD xtzusd	bitstamp	AA	0.3422USD	-2.48%	725,426.68XTZ	848	0.3509USD	0.3584USD
9	XTZ-BTC XTZBTC	binance	AA	0.0₅4180BTC	-4.57%	687,057.90XTZ	1,207	0.0₅4380BTC	0.0₅4830BTC
10	XTZ-TRY XTZTRY	binance	AA	16.66TRY	-2.06%	636,732.18XTZ	1,557	17.01TRY	17.57TRY
11	XTZ-EUR XTZEUR	kraken	AA	0.2980EUR	-2.30%	588,004.73XTZ	1,089	0.3050EUR	0.3134EUR
12	XTZ-USDT XTZ-USDT	kucoin	BB	0.3425USDT	-2.48%	510,073.58XTZ	2,104	0.3512USDT	0.3600USDT
13	XTZ-USDT XTZ_USDT	gateio	A	0.3421USDT	-2.59%	460,078.60XTZ	2,306	0.3512USDT	0.3595USDT
14	XTZ-USDC XTZUSDC	binance	AA	0.3427USDC	-2.42%	422,754.50XTZ	1,684	0.3512USDC	0.3600USDC
15	XTZ-USDC XTZ_USDC	whitebit	BB	0.3416USDC	-2.76%	359,753.27XTZ	1,346	0.3513USDC	0.3606USDC
16	XTZ-BTC XTZ_BTC	whitebit	BB	0.0₅4180BTC	-4.22%	326,201.00XTZ	749	0.0₅4364BTC	0.0₅4431BTC
17	XTZ-USDT XTZUSDT	kraken	AA	0.3419USDT	-2.51%	187,144.76XTZ	289	0.3508USDT	0.3602USDT
18	XTZ-EUR XTZ-EUR	coinbase	AA	0.2985EUR	-2.20%	187,941.21XTZ	812	0.3052EUR	0.3121EUR
19	XTZ-USDC XTZUSDC	kraken	AA	0.3422USDC	-2.15%	79,193.85XTZ	173	0.3497USDC	0.3583USDC
20	XTZ-USD XTZ_USD	cryptodotcom	AA	0.3400USD	-3.05%	71,531.40XTZ	197	0.3507USD	0.3590USD
21	XTZ-USDT XTZ_USDT	cryptodotcom	AA	0.3464USDT	-1.39%	55,995.20XTZ	131	0.3514USDT	0.3592USDT
22	XTZ-USDC XTZ-USDC	okex	A	0.3441USDC	-1.99%	32,095.34XTZ	92	0.3511USDC	0.3579USDC
23	XTZ-EUR XTZ-EUR	okex	A	0.2968EUR	-2.37%	30,768.05XTZ	342	0.3040EUR	0.3130EUR
24	XTZ-GBP XTZ-GBP	coinbase	AA	0.2558GBP	1.11%	27,066.82XTZ	54	0.2530GBP	0.2661GBP
25	XTZ-USD XTZ-USD	okex	A	0.3430USD	-2.08%	23,112.16XTZ	115	0.3503USD	0.3558USD
26	XTZ-BTC XTZ-BTC	coinbase	AA	0.0₅4170BTC	-5.23%	9,499.01XTZ	57	0.0₅4400BTC	0.0₅4400BTC
27	XTZ-USD xtzusd	gemini	A	0.3399USD	2.13%	8,871.19XTZ	46	0.3328USD	0.3565USD
28	XTZ-BTC XTZ-BTC	kucoin	BB	0.0₅4150BTC	-4.60%	4,609.15XTZ	66	0.0₅4350BTC	0.0₅4390BTC
29	XTZ-USDT XTZUSDT	cexio	BB	0.3410USDT	-7.41%	1,264.95XTZ	7	0.3683USDT	0.3683USDT
30	XTZ-EUR xtzeur	bitstamp	AA	0.3040EUR	1.14%	417.83XTZ	3	0.3006EUR	0.3051EUR
31	XTZ-USD XTZUSD	cexio	BB	0.3400USD	-11.12%	152.00XTZ	2	0.3826USD	0.3826USD
32	XTZ-USDC XTZUSDC	cexio	BB	0.3438USDC	-2.04%	140.30XTZ	2	0.3510USDC	0.3510USDC
33	XTZ-EUR XTZEUR	cexio	BB	0.3065EUR	2.24%	99.38XTZ	1	0.2998EUR	0.3065EUR
34	XTZ-GBP XTZGBP	cexio	BB	0.2598GBP	-6.71%	93.54XTZ	1	0.2785GBP	0.2785GBP
35	XTZ-USDT xtzusdt	huobipro	C	0.3361USDT	-2.58%	2,706,308.17XTZ	15,709	0.3449USDT	0.3560USDT
36	XTZ-KRW KRW-XTZ	upbit	B	466.00KRW	-2.92%	1,989,652.88XTZ	2,625	480.00KRW	492.00KRW
37	XTZ-USDT xtz_usdt	lbank	C	0.3420USDT	-2.65%	1,936,797.40XTZ	7,009	0.3513USDT	0.3600USDT
38	XTZ-USDT xtz_usdt	xtpub	-	0.3428USDT	-2.45%	1,692,195.80XTZ	14,395	0.3514USDT	0.3600USDT
39	XTZ-TRY XTZTRY	btcturk	E	16.59TRY	-2.57%	1,334,677.07XTZ	2,126	17.03TRY	17.40TRY
40	XTZ-USDT xtz_usdt	digifinex	D	0.3423USDT	-2.53%	1,228,749.70XTZ	14,069	0.3512USDT	0.3597USDT
41	XTZ-USDT XTZUSDT	toobit	C	0.3428USDT	-2.45%	850,386.40XTZ	13,046	0.3514USDT	0.3602USDT
42	XTZ-USDT XTZUSDT	hitbtc	E	0.3421USDT	-2.51%	786,578.30XTZ	1,186	0.3509USDT	0.3581USDT
43	XTZ-USDT XTZUSDT	bequant	C	0.3421USDT	-2.51%	786,578.30XTZ	1,186	0.3509USDT	0.3581USDT
44	XTZ-USDT XTZ_USDT	bydfi	-	0.3420USDT	-2.84%	708,163.30XTZ	8,637	0.3520USDT	0.3600USDT
45	XTZ-EUR XTZEUR	bit2me	B	0.2980EUR	-2.33%	587,978.72XTZ	1,087	0.3051EUR	0.3134EUR
46	XTZ-USDC XTZUSDC	bitrue	D	0.3421USDC	-2.67%	480,680.84XTZ	36,113	0.3515USDC	0.3597USDC
47	XTZ-KRW XTZ_KRW	bithumbkorea	-	459.00KRW	-2.96%	431,663.53XTZ	615	473.00KRW	487.00KRW
48	XTZ-EUR XTZ-EUR	bitvavo	B	0.2964EUR	-2.66%	404,838.19XTZ	365	0.3045EUR	0.3130EUR
49	XTZ-USDT XTZ-USDT	bingx	D	0.3420USDT	-2.68%	303,581.23XTZ	12,050	0.3514USDT	0.3602USDT
50	XTZ-USDT XTZ_USDT	bitunix	C	0.3423USDT	-2.56%	283,791.60XTZ	9,532	0.3513USDT	0.3603USDT