Tezos is a blockchain network hosting the associated digital token Tez (XTZ), which is also known as tezzie. Like other cryptocurrency blockchains, Tezos facilitates user participation in decentralized finance (DeFi), decentralized applications and non-fungible token (NFT) projects.

In contrast with other blockchains, Tezos precludes hard forks, or blockchain splits, with a blockchain-based governance mechanism that adopts and implements protocol upgrades chosen by voting proportional to users' economic stake in Tezos