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	0.3002USDT	-4,12%	1 131 349,90XTZ	5 672	0.3131USDT	0.3131USDT
2	XTZ-USDT XTZ_USDT	whitebit	BB	0.3003USDT	-4,01%	699 268,19XTZ	7 638	0.3129USDT	0.3130USDT
3	XTZ-USD XTZUSD	kraken	AA	0.2995USD	-4,20%	258 748,21XTZ	616	0.3126USD	0.3126USD
4	XTZ-USD XTZ-USD	coinbase	AA	0.3001USD	-4,40%	205 025,69XTZ	1 118	0.3139USD	0.3139USD
5	XTZ-USDT XTZUSDT	bybit	A	0.2999USDT	-4,09%	193 989,89XTZ	1 408	0.3127USDT	0.3127USDT
6	XTZ-USDT XTZ-USDT	okex	A	0.3003USDT	-3,90%	169 384,75XTZ	1 175	0.3125USDT	0.3128USDT
7	XTZ-USDC XTZ_USDC	whitebit	BB	0.3001USDC	-3,91%	134 465,46XTZ	1 034	0.3123USDC	0.3126USDC
8	XTZ-EUR XTZEUR	kraken	AA	0.2668EUR	-4,34%	128 559,20XTZ	274	0.2789EUR	0.2789EUR
9	XTZ-USDT XTZ_USDT	gateio	A	0.2997USDT	-4,19%	120 126,70XTZ	857	0.3128USDT	0.3133USDT
10	XTZ-BTC XTZBTC	binance	AA	0.0₅3690BTC	-1,60%	105 066,90XTZ	171	0.0₅3750BTC	0.0₅3760BTC
11	XTZ-USDC XTZUSDC	binance	AA	0.2997USDC	-4,16%	99 904,10XTZ	491	0.3127USDC	0.3131USDC
12	XTZ-BTC XTZ_BTC	whitebit	BB	0.0₅3692BTC	-1,63%	102 611,80XTZ	572	0.0₅3753BTC	0.0₅3770BTC
13	XTZ-USDT XTZUSDT_SPBL	bitget	BB	0.2998USDT	-4,09%	68 880,30XTZ	336	0.3126USDT	0.3126USDT
14	XTZ-USDT XTZUSDT	kraken	AA	0.3011USDT	-3,93%	43 399,22XTZ	43	0.3135USDT	0.3135USDT
15	XTZ-USD XTZ_USD	cryptodotcom	AA	0.3000USD	-4,40%	34 855,20XTZ	196	0.3138USD	0.3138USD
16	XTZ-USD xtzusd	bitstamp	AA	0.3000USD	-4,32%	34 081,44XTZ	75	0.3135USD	0.3135USD
17	XTZ-USDT XTZ_USDT	cryptodotcom	AA	0.3004USDT	-5,27%	33 301,90XTZ	135	0.3171USDT	0.3171USDT
18	XTZ-USDT XTZ-USDT	kucoin	BB	0.3003USDT	-4,18%	30 050,72XTZ	225	0.3134USDT	0.3134USDT
19	XTZ-EUR XTZ-EUR	coinbase	AA	0.2671EUR	-4,98%	25 121,49XTZ	139	0.2811EUR	0.2811EUR
20	XTZ-TRY XTZTRY	binance	AA	14,87TRY	-4,80%	18 801,32XTZ	79	15,62TRY	15,62TRY
21	XTZ-USDC XTZ-USDC	okex	A	0.3003USDC	-4,00%	11 800,29XTZ	89	0.3128USDC	0.3128USDC
22	XTZ-EUR xtzeur	bitstamp	AA	0.2768EUR	-1,37%	9 050,44XTZ	2	0.2807EUR	0.2807EUR
23	XTZ-USDC XTZUSDC	kraken	AA	0.3002USDC	-3,80%	8 693,66XTZ	13	0.3121USDC	0.3121USDC
24	XTZ-EUR XTZ-EUR	okex	A	0.2671EUR	-3,96%	4 662,73XTZ	50	0.2781EUR	0.2781EUR
25	XTZ-GBP XTZ-GBP	coinbase	AA	0.2242GBP	-4,76%	4 310,56XTZ	12	0.2354GBP	0.2354GBP
26	XTZ-BTC XTZ-BTC	coinbase	AA	0.0₅3680BTC	-2,13%	2 950,96XTZ	15	0.0₅3760BTC	0.0₅3760BTC
27	XTZ-BTC XTZ-BTC	kucoin	BB	0.0₅3700BTC	-2,89%	1 356,56XTZ	21	0.0₅3810BTC	0.0₅3810BTC
28	XTZ-USD xtzusd	gemini	A	0.3020USD	2,69%	612,52XTZ	13	0.2940USD	0.3214USD
29	XTZ-USD XTZUSD	cexio	BB	0.2998USD	-6,07%	353,43XTZ	3	0.3192USD	0.3192USD
30	XTZ-USDT XTZUSDT	cexio	BB	0.3058USDT	-5,17%	75,45XTZ	1	0.3225USDT	0.3225USDT
31	XTZ-USDC XTZUSDC	cexio	BB	0.3052USDC	-4,84%	75,45XTZ	1	0.3207USDC	0.3207USDC
32	XTZ-GBP XTZGBP	cexio	BB	0.2261GBP	-5,36%	70,42XTZ	1	0.2390GBP	0.2390GBP
33	XTZ-EUR XTZEUR	cexio	BB	0.2721EUR	-4,27%	65,39XTZ	1	0.2842EUR	0.2842EUR
34	XTZ-USDT xtzusdt	huobipro	C	0.3001USDT	-3,91%	891 711,44XTZ	4 692	0.3123USDT	0.3150USDT
35	XTZ-USDT xtz_usdt	lbank	C	0.2999USDT	-4,15%	597 298,10XTZ	2 265	0.3129USDT	0.3131USDT
36	XTZ-USDC XTZUSDC	bitrue	D	0.2999USDC	-4,12%	493 862,98XTZ	36 481	0.3128USDC	0.3134USDC
37	XTZ-USDT XTZUSDT	toobit	C	0.3003USDT	-4,03%	340 328,20XTZ	6 813	0.3129USDT	0.3132USDT
38	XTZ-USDT xtz_usdt	xtpub	-	0.3001USDT	-4,03%	257 725,10XTZ	1 763	0.3127USDT	0.3131USDT
39	XTZ-USDT XTZ_USDT	bitunix	C	0.3001USDT	-4,06%	242 369,00XTZ	6 159	0.3128USDT	0.3132USDT
40	XTZ-USDT xtz_usdt	digifinex	D	0.3001USDT	-4,03%	221 192,20XTZ	2 549	0.3127USDT	0.3132USDT
41	XTZ-KRW KRW-XTZ	upbit	B	402,00KRW	-3,60%	218 509,72XTZ	499	417,00KRW	417,00KRW
42	XTZ-USDT XTZUSDT	mexc	C	0.3002USDT	-4,24%	195 585,12XTZ	3 066	0.3135USDT	0.3135USDT
43	XTZ-USDT XTZ_USDT	bydfi	-	0.3000USDT	-4,15%	139 159,60XTZ	1 804	0.3130USDT	0.3130USDT
44	XTZ-EUR XTZEUR	bit2me	B	0.2668EUR	-4,34%	128 559,20XTZ	274	0.2789EUR	0.2789EUR
45	XTZ-USDT XTZ-USDT	bigone	-	0.3000USDT	-4,21%	115 395,85XTZ	2 386	0.3132USDT	0.3133USDT
46	XTZ-USDT XTZ-USDT	bingx	D	0.3002USDT	-4,12%	113 694,36XTZ	4 993	0.3131USDT	0.3132USDT
47	XTZ-EUR XTZ-EUR	bitvavo	B	0.2671EUR	-4,68%	51 294,81XTZ	66	0.2803EUR	0.2803EUR
48	XTZ-KRW XTZ_KRW	bithumbkorea	-	400,00KRW	-3,85%	66 948,34XTZ	114	416,00KRW	416,00KRW
49	XTZ-USDC XTZ-USDC	coinjar	B	0.3023USDC	0,00%	0XTZ	0	0.3023USDC	0.3023USDC
50	XTZ-TRY XTZTRY	btcturk	E	14,91TRY	-4,45%	30 621,32XTZ	76	15,60TRY	15,60TRY