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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	XTZ-USDT XTZUSDT	binance	AA	0.3088USDT	-5.42%	2,783,139.60XTZ	12,640	0.3265USDT	0.3292USDT
2	XTZ-USDT XTZUSDT	bybit	A	0.3089USDT	-5.45%	1,100,819.19XTZ	6,434	0.3267USDT	0.3293USDT
3	XTZ-USDT XTZ_USDT	whitebit	BB	0.3099USDT	-5.00%	1,107,703.92XTZ	9,752	0.3262USDT	0.3292USDT
4	XTZ-USDT XTZ-USDT	okex	A	0.3096USDT	-5.12%	666,696.39XTZ	4,638	0.3264USDT	0.3299USDT
5	XTZ-USD XTZUSD	kraken	AA	0.3069USD	-5.73%	594,224.17XTZ	1,990	0.3256USD	0.3287USD
6	XTZ-USD XTZ-USD	coinbase	AA	0.3081USD	-5.40%	491,459.10XTZ	2,545	0.3258USD	0.3288USD
7	XTZ-BTC XTZBTC	binance	AA	0.0₅3760BTC	-3.59%	342,908.20XTZ	559	0.0₅3900BTC	0.0₅3940BTC
8	XTZ-USDC XTZUSDC	binance	AA	0.3078USDC	-5.32%	310,294.30XTZ	959	0.3251USDC	0.3285USDC
9	XTZ-EUR XTZEUR	kraken	AA	0.2782EUR	-4.38%	253,432.49XTZ	748	0.2910EUR	0.2933EUR
10	XTZ-TRY XTZTRY	binance	AA	15.23TRY	-4.99%	232,487.34XTZ	499	16.03TRY	16.23TRY
11	XTZ-USDC XTZ_USDC	whitebit	BB	0.3089USDC	-4.76%	229,294.04XTZ	1,558	0.3244USDC	0.3302USDC
12	XTZ-BTC XTZ_BTC	whitebit	BB	0.0₅3777BTC	-3.52%	204,136.60XTZ	784	0.0₅3915BTC	0.0₅3951BTC
13	XTZ-USDT XTZ_USDT	gateio	A	0.3095USDT	-5.15%	135,353.20XTZ	1,501	0.3263USDT	0.3288USDT
14	XTZ-USDT XTZUSDT_SPBL	bitget	BB	0.3083USDT	-5.31%	129,161.60XTZ	559	0.3256USDT	0.3284USDT
15	XTZ-EUR XTZ-EUR	coinbase	AA	0.2778EUR	-4.34%	115,162.47XTZ	823	0.2904EUR	0.2939EUR
16	XTZ-USDT XTZ-USDT	kucoin	BB	0.3094USDT	-5.18%	114,518.26XTZ	727	0.3263USDT	0.3289USDT
17	XTZ-USDT XTZUSDT	kraken	AA	0.3085USDT	-4.90%	82,350.57XTZ	147	0.3244USDT	0.3288USDT
18	XTZ-USDC XTZ-USDC	okex	A	0.3071USDC	-5.04%	52,516.36XTZ	256	0.3234USDC	0.3300USDC
19	XTZ-USD xtzusd	bitstamp	AA	0.3076USD	-5.12%	37,006.32XTZ	129	0.3242USD	0.3280USD
20	XTZ-USDC XTZUSDC	kraken	AA	0.3121USDC	-5.96%	32,570.02XTZ	56	0.3319USDC	0.3400USDC
21	XTZ-USD XTZ_USD	cryptodotcom	AA	0.3070USD	-4.72%	19,723.90XTZ	260	0.3222USD	0.3275USD
22	XTZ-USDT XTZ_USDT	cryptodotcom	AA	0.3063USDT	-6.01%	14,273.50XTZ	125	0.3259USDT	0.3282USDT
23	XTZ-GBP XTZ-GBP	coinbase	AA	0.2325GBP	-5.45%	12,929.40XTZ	67	0.2459GBP	0.2469GBP
24	XTZ-EUR XTZ-EUR	okex	A	0.2778EUR	-4.57%	5,469.04XTZ	148	0.2911EUR	0.2934EUR
25	XTZ-USD xtzusd	gemini	A	0.3083USD	-7.50%	1,284.56XTZ	17	0.3333USD	0.3333USD
26	XTZ-BTC XTZ-BTC	coinbase	AA	0.0₅3730BTC	-4.36%	1,060.28XTZ	11	0.0₅3900BTC	0.0₅3910BTC
27	XTZ-BTC XTZ-BTC	kucoin	BB	0.0₅3790BTC	-3.07%	962.39XTZ	21	0.0₅3910BTC	0.0₅3910BTC
28	XTZ-USDT XTZUSDT	cexio	BB	0.3064USDT	-11.78%	180.38XTZ	2	0.3473USDT	0.3473USDT
29	XTZ-EUR xtzeur	bitstamp	AA	0.2947EUR	0.00%	0XTZ	0	0.2947EUR	0.2947EUR
30	XTZ-GBP XTZGBP	cexio	BB	0.2341GBP	-0.49%	115.69XTZ	2	0.2352GBP	0.2454GBP
31	XTZ-USD XTZUSD	cexio	BB	0.3248USD	-5.60%	115.35XTZ	2	0.3441USD	0.3441USD
32	XTZ-USDC XTZUSDC	cexio	BB	0.3196USDC	-2.98%	90.54XTZ	1	0.3294USDC	0.3294USDC
33	XTZ-EUR XTZEUR	cexio	BB	0.2899EUR	8.20%	90.54XTZ	1	0.2679EUR	0.2899EUR
34	XTZ-USDT xtzusdt	huobipro	C	0.3071USDT	-7.13%	2,005,408.20XTZ	11,145	0.3308USDT	0.3308USDT
35	XTZ-USDT xtz_usdt	xtpub	-	0.3088USDT	-5.45%	1,038,751.10XTZ	6,485	0.3266USDT	0.3292USDT
36	XTZ-USDT xtz_usdt	lbank	C	0.3088USDT	-5.28%	1,007,752.20XTZ	3,303	0.3260USDT	0.3291USDT
37	XTZ-KRW KRW-XTZ	upbit	B	419.00KRW	-4.99%	929,250.33XTZ	1,441	441.00KRW	445.00KRW
38	XTZ-USDT XTZUSDT	hitbtc	E	0.3099USDT	-4.66%	618,610.30XTZ	1,076	0.3250USDT	0.3290USDT
39	XTZ-USDT XTZUSDT	bequant	C	0.3099USDT	-4.66%	618,610.30XTZ	1,076	0.3250USDT	0.3290USDT
40	XTZ-USDT xtz_usdt	digifinex	D	0.3096USDT	-5.00%	616,439.80XTZ	6,885	0.3259USDT	0.3291USDT
41	XTZ-USDT XTZUSDT	toobit	C	0.3096USDT	-5.12%	521,286.60XTZ	8,985	0.3263USDT	0.3291USDT
42	XTZ-USDC XTZUSDC	bitrue	D	0.3093USDC	-4.98%	502,571.76XTZ	36,202	0.3255USDC	0.3289USDC
43	XTZ-USDT XTZ_USDT	bydfi	-	0.3090USDT	-5.21%	342,341.10XTZ	3,540	0.3260USDT	0.3290USDT
44	XTZ-EUR XTZEUR	bit2me	B	0.2782EUR	-4.38%	253,134.39XTZ	747	0.2910EUR	0.2933EUR
45	XTZ-USDT XTZ_USDT	bitunix	C	0.3096USDT	-4.94%	249,641.30XTZ	7,024	0.3258USDT	0.3290USDT
46	XTZ-TRY XTZTRY	btcturk	E	15.26TRY	-4.87%	223,100.46XTZ	283	16.04TRY	16.17TRY
47	XTZ-USDT XTZUSDT	mexc	C	0.3096USDT	-4.97%	216,195.25XTZ	3,078	0.3258USDT	0.3292USDT
48	XTZ-USDT XTZ-USDT	bingx	D	0.3093USDT	-5.12%	171,061.95XTZ	7,222	0.3260USDT	0.3288USDT
49	XTZ-KRW XTZ_KRW	bithumbkorea	-	416.00KRW	-5.24%	162,699.88XTZ	225	439.00KRW	442.00KRW
50	XTZ-USDT XTZ-USDT	bigone	-	0.3085USDT	-5.46%	106,593.45XTZ	2,379	0.3263USDT	0.3289USDT