#StablecoinLaw Tezos (XTZ) is a unique blockchain platform known for its self-amending governance model, allowing it to upgrade without hard forks. This democratic approach enables XTZ holders to vote on proposed changes, fostering community-driven development. Tezos utilizes a Liquid Proof-of-Stake (LPoS) consensus mechanism, where users "bake" (stake) XTZ to validate transactions and earn rewards. This design aims for a secure and efficient network for decentralized applications (dApps) and smart contracts, emphasizing formal verification for enhanced security. Despite past challenges, Tezos continues to evolve, positioning itself as a robust platform in the competitive blockchain landscape.