Exaion, EDF Group subsidiary, becomes a Tezos baker
EDF Group, through its subsidiary company Exaion, becomes the first French corporate to participate in the Tezos ecosystem as a corporate baker. Tezos is a third-generation decentralized blockchain dedicated to the creation and management of assets and distributed applications. By officially becoming a baker, Exaion will now validate transactions (blocks) and add them to the Tezos blockchain.
Created in January 2020 by EDF, Exaion is a start-up specializing in blockchain solutions and high-performance cloud computing. As digital is a highly energy-intensive industry, Exaion is committed to developing solutions to minimize the carbon footprint of its business and that of its customers. By providing an innovative liquid proof-of-stake consensus algorithm, Tezos technology reduces the energy required for its stability. This technical innovation results in a sustainable environmental performance in line with Exaion’s philosophy to offer its customers simplified and complete access to a stable, energy-efficient node as well as services based on the Tezos blockchain.
The Tezos blockchain uses a consensus algorithm based on a Liquid Proof-of-Stake mechanism (LPoS). Block creators, called “bakers”, fulfill the same role as “miners” in previous generation blockchains. Each block is created by a randomly selected baker, endorsed by other bakers, and validated by the rest of the network. Bakers put up their stake of tez (XTZ) as collateral to ensure that blocks are validated correctly, incentivizing network participation and ensuring network security.
By joining the Tezos community, Exaion is making a strategic decision to utilize a protocol anchored in French scientific research, responsible in energy use and whose implementation is facilitated both by its ope
« Our choice to use the Tezos blockchain came naturally. Baking on Tezos allows us to significantly reduce our energy consumption and is in line with our sustainable development policy while keeping a high-quality digital offering. »