Tezos is a Proof of Stake protocol with on-chain governance and formal verification for smart contracts. It is a blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. Tezos offers a platform to build decentralized applications (dApps).
Visit the Tezos page on our website to learn more about getting started with Tezos.
Types of Tezos Nodes
Bakers carry out two activities: baking and endorsing.
Baking is the process of creating new blocks, while endorsing is the process of verifying blocks created by others to ensure that they were baked correctly.
A baker cannot steal the tokens delegated to them, but they can avoid paying out owed participatory rewards to their delegates. There is no set cadence for reward payouts, so it's important to delegate to a baker that consistently and regularly pays out rewards. Bison Trails always pays out rewards on our baker as well as on behalf of our customers’ bakers in a timely and regularly cadenced fashion.