Tezos (XTZ) is a decentralized blockchain network that utilizes a unique form of governance through a formal process called formal verification. This allows for the creation and management of smart contracts and decentralized applications.Transactions on the Tezos network are validated by "bakers" (similar to miners in other blockchain networks) who are elected by token holders through a process called "staking". This process allows token holders to earn rewards for participating in the network's governance and maintenance.Tezos also uses a unique consensus algorithm called "Liquid Proof of Stake" which aims to increase network security and efficiency.