🔴What is the Importance of Tezos (XTZ)📈📉🚀
The Tezos blockchain features a few key differences from other smart contract platforms in the blockchain space.
The governance and self-amendment mechanisms on the Tezos chain are designed to achieve consensus on upgrades that occur on the blockchain, while also allowing them to happen without the need for network forks. Just look at what happened with the famous Bitcoin fork, Bitcoin Cash. Tezos aims to prevent that from happening.
Due to its ability to self-amend, Tezos can easily adapt to the constantly changing regulatory and technological landscape. It can implement upgrades and continue operating without significant disruption, and it can even replace core components like the consensus mechanism, as happened during the Ithaca 2 protocol upgrade. In contrast, Ethereum 2.0 will be a major leap for the Ethereum network, which will require creating what is essentially a new and separate blockchain.