French energy company joins Tezos ecosystem

The French state-owned energy company EDF Group, via its Exaion division, has joined the Tezos blockchain platform as a baker.

CP Exaion x Tezos.en_vDEF by ForkLog on Scribd

Exaion specialises in blockchain solutions and high-performance cloud computing. The company aims to use distributed ledger technology to develop tools that reduce the environmental impact of the digital sector.

Tezos uses a consensus mechanism called liquid proof-of-stake (LPoS). Under the algorithm, a randomly selected participant creates new blocks, and 32 others approve them.

What is Tezos (XTZ)?

“Tezos allows us to significantly reduce energy consumption and aligns with our sustainability policy while maintaining a high-quality digital offering,” said Exaion co-founder Fatih Baleli.

Earlier, the Bank of France selected the Tezos blockchain platform for experiments with the national digital currency.

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