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	0.3258USDT	-0.91%	1,773,362.00XTZ	7,879	0.3288USDT	0.3369USDT
2	XTZ-USDT XTZ-USDT	okex	A	0.3259USDT	-1.00%	847,016.01XTZ	11,448	0.3292USDT	0.3373USDT
3	XTZ-USDT XTZ_USDT	whitebit	BB	0.3258USDT	-0.93%	840,735.20XTZ	7,051	0.3289USDT	0.3366USDT
4	XTZ-USD XTZUSD	kraken	AA	0.3253USD	-1.11%	822,458.36XTZ	1,880	0.3289USD	0.3364USD
5	XTZ-USD xtzusd	bitstamp	AA	0.3259USD	-0.98%	638,336.32XTZ	491	0.3291USD	0.3398USD
6	XTZ-USDT XTZUSDT	bybit	A	0.3260USDT	-0.85%	574,661.14XTZ	2,285	0.3288USDT	0.3369USDT
7	XTZ-USD XTZ-USD	coinbase	AA	0.3260USD	-0.85%	459,331.42XTZ	2,807	0.3288USD	0.3368USD
8	XTZ-BTC XTZBTC	binance	AA	0.0₅3839BTC	-1.79%	337,811.60XTZ	620	0.0₅3910BTC	0.0₅4000BTC
9	XTZ-USDC XTZ_USDC	whitebit	BB	0.3249USDC	-1.33%	312,778.54XTZ	1,125	0.3293USDC	0.3361USDC
10	XTZ-EUR XTZEUR	kraken	AA	0.2857EUR	-1.11%	225,912.54XTZ	749	0.2890EUR	0.2954EUR
11	XTZ-USDC XTZUSDC	binance	AA	0.3256USDC	-1.00%	200,147.00XTZ	632	0.3289USDC	0.3374USDC
12	XTZ-USDT XTZ_USDT	gateio	A	0.3261USDT	-0.76%	171,387.70XTZ	1,377	0.3286USDT	0.3366USDT
13	XTZ-BTC XTZ_BTC	whitebit	BB	0.0₅3831BTC	-1.90%	169,687.80XTZ	441	0.0₅3905BTC	0.0₅3991BTC
14	XTZ-USDT XTZUSDT_SPBL	bitget	BB	0.3261USDT	-0.97%	113,195.10XTZ	460	0.3293USDT	0.3363USDT
15	XTZ-USDT XTZ-USDT	kucoin	BB	0.3253USDT	-0.91%	92,606.87XTZ	516	0.3283USDT	0.3366USDT
16	XTZ-TRY XTZTRY	binance	AA	15.88TRY	-1.06%	67,404.61XTZ	222	16.05TRY	16.39TRY
17	XTZ-EUR XTZ-EUR	coinbase	AA	0.2863EUR	-0.80%	65,075.40XTZ	335	0.2886EUR	0.2950EUR
18	XTZ-USDT XTZUSDT	kraken	AA	0.3255USDT	-0.97%	45,592.13XTZ	81	0.3287USDT	0.3348USDT
19	XTZ-USDC XTZUSDC	kraken	AA	0.3262USDC	-1.04%	29,988.73XTZ	67	0.3296USDC	0.3396USDC
20	XTZ-USDC XTZ-USDC	okex	A	0.3256USDC	-1.15%	22,521.44XTZ	70	0.3294USDC	0.3353USDC
21	XTZ-USD XTZ_USD	cryptodotcom	AA	0.3258USD	-0.94%	16,889.90XTZ	138	0.3289USD	0.3369USD
22	XTZ-USDT XTZ_USDT	cryptodotcom	AA	0.3240USDT	-1.64%	15,750.40XTZ	67	0.3294USDT	0.3361USDT
23	XTZ-BTC XTZ-BTC	coinbase	AA	0.0₅3820BTC	-1.80%	15,227.30XTZ	36	0.0₅3890BTC	0.0₅3980BTC
24	XTZ-EUR XTZ-EUR	okex	A	0.2859EUR	-1.14%	7,556.00XTZ	90	0.2893EUR	0.2949EUR
25	XTZ-EUR xtzeur	bitstamp	AA	0.2831EUR	-2.40%	3,507.23XTZ	3	0.2900EUR	0.2916EUR
26	XTZ-USD xtzusd	gemini	A	0.3363USD	0.75%	3,489.93XTZ	24	0.3338USD	0.3443USD
27	XTZ-GBP XTZ-GBP	coinbase	AA	0.2449GBP	-0.45%	2,656.49XTZ	6	0.2460GBP	0.2525GBP
28	XTZ-BTC XTZ-BTC	kucoin	BB	0.0₅3829BTC	-1.54%	2,567.08XTZ	37	0.0₅3890BTC	0.0₅3990BTC
29	XTZ-USD XTZ-USD	okex	A	0.3232USD	-0.95%	1,165.00XTZ	11	0.3264USD	0.3357USD
30	XTZ-GBP XTZGBP	cexio	BB	0.2473GBP	-0.93%	103.97XTZ	2	0.2496GBP	0.2496GBP
31	XTZ-USD XTZUSD	cexio	BB	0.3233USD	-1.38%	60.65XTZ	1	0.3278USD	0.3278USD
32	XTZ-EUR XTZEUR	cexio	BB	0.2894EUR	-0.50%	60.65XTZ	1	0.2908EUR	0.2908EUR
33	XTZ-USDT XTZUSDT	cexio	BB	0.3280USDT	-0.29%	51.98XTZ	1	0.3290USDT	0.3290USDT
34	XTZ-USDC XTZUSDC	cexio	BB	0.3217USDC	-1.64%	51.98XTZ	1	0.3270USDC	0.3270USDC
35	XTZ-USDT xtzusdt	huobipro	C	0.3255USDT	-0.85%	2,115,856.70XTZ	12,095	0.3283USDT	0.3369USDT
36	XTZ-KRW KRW-XTZ	upbit	B	442.00KRW	-1.34%	1,166,273.25XTZ	1,296	448.00KRW	455.00KRW
37	XTZ-USDT xtz_usdt	xtpub	-	0.3258USDT	-0.91%	756,303.10XTZ	4,679	0.3288USDT	0.3366USDT
38	XTZ-USDT xtz_usdt	lbank	C	0.3253USDT	-1.06%	729,446.10XTZ	2,449	0.3288USDT	0.3363USDT
39	XTZ-TRY XTZTRY	btcturk	E	15.85TRY	-0.94%	593,652.16XTZ	797	16.00TRY	16.95TRY
40	XTZ-USDT xtz_usdt	digifinex	D	0.3258USDT	-0.94%	509,867.90XTZ	13,542	0.3289USDT	0.3365USDT
41	XTZ-USDC XTZUSDC	bitrue	D	0.3255USDC	-1.09%	467,265.00XTZ	35,866	0.3291USDC	0.3367USDC
42	XTZ-USDT XTZUSDT	hitbtc	E	0.3253USDT	-1.12%	452,885.10XTZ	1,198	0.3290USDT	0.3360USDT
43	XTZ-USDT XTZUSDT	bequant	C	0.3253USDT	-1.12%	452,885.10XTZ	1,198	0.3290USDT	0.3360USDT
44	XTZ-USDT XTZUSDT	toobit	C	0.3258USDT	-0.94%	371,710.60XTZ	6,861	0.3289USDT	0.3365USDT
45	XTZ-USDT XTZUSDT	mexc	C	0.3249USDT	-1.10%	284,410.78XTZ	3,237	0.3285USDT	0.3358USDT
46	XTZ-EUR XTZEUR	bit2me	B	0.2857EUR	-1.11%	225,014.43XTZ	747	0.2890EUR	0.2954EUR
47	XTZ-USDT XTZ_USDT	bydfi	-	0.3260USDT	-0.91%	222,847.40XTZ	2,541	0.3290USDT	0.3370USDT
48	XTZ-USDT XTZ_USDT	bitunix	C	0.3259USDT	-0.91%	217,561.00XTZ	7,564	0.3289USDT	0.3366USDT
49	XTZ-USDT XTZ-USDT	bingx	D	0.3259USDT	-0.88%	135,920.66XTZ	6,045	0.3288USDT	0.3367USDT
50	XTZ-USDT XTZUSDT	latoken	D	0.3231USDT	-1.76%	124,771.30XTZ	2,062	0.3289USDT	0.3368USDT