It uses a broadsword-style attack pattern and is able to attack continuously (moonwalking included). A flaming particle effect is shown when the sword is swung, similar to that of the Meteor Armor. The sword has a chance to inflict the debuff "Bleeding" on the target.
Tizona is the name of the sword carried by Rodrigo Díaz de Vivar, El Cid, which was used to fight the Moors in Spain according to the Cantar de Mio Cid. The name Tizón translates to "burning stick", or "firebrand".
Before 1.2, the sprite was a green and purple recolor of the Excalibur.
Since no enemies regenerate health, the debuff this sword inflicts is only useful for PvP.