What is Tezos?
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Tezos is the underlying blockchain platform that runs the objkt.com (and many other) smart contracts. It's an open-source project, and is governed by stakeholders who vote on core protocol upgrades
Tezos uses a Liquid Proof of Stake algorithm to reach consensus offering high security, decentralization and energy efficiency. You can learn more about the PoS algorithm on the official .
Validators (see Proof of Stake) are called Bakers. In addition to validating transactions, bakers represent the staked tokens of delegators (stakers) when participating in network governance by voting on protocol upgrades. This approach ensures security, stability, and correctness while allowing Tezos to upgrade seamlessly. You can learn more about the governance on the official guide.
The easiest way to buy XTZ is through a centralised exchange such as or . On these exchanges, you can purchase Tezos with your Credit Card or through a bank transfer. You can read more about how to get tez on the .
Once you have purchased your XTZ, you can proceed with withdrawing it to your wallet. You will find your wallet address within your wallet application (see Creating a wallet). Your wallet address will look something like this: tz1sDfdpZH0H4kvVuQuTv7iMps9F7TqS2HL8. Once you initiate your withdrawal it may take some time until the withdrawn amount is reflected in your wallet application balance.