What is Tezos, the Blockchain Platform in partnership with Manchester United (MU Club)
Tezos (XTZ) is a decentralized ledger that uses blockchain technology. Like Ethereum, Tezos is also designed using smart contracts. Ledger aims to be a growing network. The flexibility of the XTZ is often considered one of the most important aspects of its system. Because other crypto assets have little flexibility and scalability so that it burdens and makes it difficult for these crypto assets to grow.
One of the English football clubs, Manchester United (MU) partnered with blockchain platform, Tezos. After this agreement occurs, the Tezos logo and name will appear on the club's training equipment and on the jersey or training uniform of the Manchester United main squad.
Meanwhile, Edward Adlard, Head of Adoption and Business Development at Manchester United, said "Tezos will enable Manchester United to use blockchain and Web3 to transform the engagement of fans, players, teams and partners."
In addition to the Tezos logo and name appearing on the club's training equipment, the partnership will also include using the Tezos platform to support Manchester United's foundation for social causes.
Donations to the foundation will use Tezos' cryptocurrency, tez or XTZ, for training and education of young people in a community.
Like Bitcoin and Ethereum, Tezos is also a blockchain platform for conducting transactions between users in a decentralized manner.
Tezos also has a smart contract mechanism, which allows users to transact with other users without a third party. However, Tezos has a significant difference with Bitcoin and Ethereum.
Tezos prioritizes democratization of its network, meanwhile, most blockchain platforms rely on their development team and crypto mining community.
Tezos uses Proof-of-Stake to build that policy process into its own network of users.
Proof-of-Stake (PoS) is a mechanism that allows all users on Tezos to be able to reach one common decision about the status of the blockchain. As a result, Tezos provides space for user participation in its development process.
Therefore, Tezos dubs itself as an open source platform. With Tezos' PoS, the process of network development on the blockchain becomes more democratic, rather than relying on crypto miners and developers.
The sustainability of the Tezos blockchain network will be more decentralized, as all users have a voice in formulating policies. So, Tezos creates a lot of blockchain products, such as NFT art, games, and applications.
From a business perspective, previously Tezos has also partnered with various large companies, one of which is Red Bull Racing Honda in the development of blockchain and its NFT.
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