Tezos XTZ
$0.88069 0.86%
Latest Updates
Updated at 20:52$864,542,052.81
#87
$48,839,875.12 60.55%
-$0.00755 0.86%
-$0.05287 6.00%
What about Tezos?
Tezos is a blockchain network that resembles Ethereum in some aspects: it is also based on smart contracts. XTZ is the blockchain’s native coin. Tezos was created by Arthur Breitman and launched in 2018. The name XTZ comes from the Greek letter τζ, the symbol for “tezos.” XTZ is unique in that it uses a formal verification system to verify the code of smart contracts. This makes XTZ more secure than other cryptocurrencies. Prominent companies have already begun to adopt Tezos, thus making it even more special. It was revealed in September 2020 that the dominant French bank Societe Generale intended to test out a central bank digital currency using this blockchain. XTZ is mined using a proof-of-stake consensus algorithm and can be bought and sold on cryptocurrency exchanges.
Buy Tezos Without Any Hassle
Tezos (XTZ) is a unique and innovative blockchain platform for assets and applications that can evolve through self-upgrades.
By utilizing self-amendment, Tezos avoids network forks, promotes community unity, and reduces coordination costs for protocol upgrades.
On-chain governance allows all stakeholders to participate in governing the protocol, enabling the adoption of improved governance mechanisms.
Tezos also encourages decentralized innovation by providing funding for protocol improvements and maintaining an active developer ecosystem.
The platform supports the creation of uncensorable smart contracts and decentralized applications, with an emphasis on formal verification for enhanced security.
Through its Proof-of-Stake (PoS) mechanism, Tezos ensures consensus among stakeholders while rewarding their contributions to network security.
Delegation is available for users who prefer not to directly participate in the consensus protocol.
How Did Tezos Start?
Tezos (XTZ) was conceptualized by Arthur Breitman and his wife Kathleen Breitman. He formerly worked as a research engineer at Google X and Waymo. She held positions at companies like Accenture, Bridgewater Associates, and R3, where she gained experience in finance and technology.
They aimed to create a blockchain platform that could address the challenges faced by other blockchains, such as scalability and governance issues. Together, they established a startup called Dynamic Ledger Solutions, which would write the code for the future Tezos protocol.
Tezos introduced a unique self-amendment mechanism, allowing the blockchain network to upgrade itself without requiring hard forks. This feature enables stakeholders to propose and vote on protocol upgrades, fostering a more democratic and decentralized governance model.
In 2017, Tezos launched an Initial Coin Offering (ICO) to fund its development, raising over $230 million. However, the project faced legal and governance disputes, delaying its launch. Finally, in September 2018, the Tezos mainnet was launched.
Since then, the Tezos protocol has seen continuous development and upgrades, including the implementation of various features, such as smart contracts and formal verification. These upgrades aim to enhance security, scalability, and overall performance. Tezos also introduced baking, a unique consensus mechanism similar to a staking process, which allows token holders to validate blocks and earn rewards.
Tezos has gained popularity within the blockchain community due to its focus on governance, upgradability, and on-chain self-amendment. Its ability to adapt and evolve has made it an appealing platform for developers, businesses, and individuals interested in building decentralized applications or participating in the network's governance process.
What Sets the Tezos Network Apart?
Tezos (XTZ) distinguishes itself from other blockchains through its unique ability to upgrade without the need for a hard fork. This flexibility allows the network to evolve seamlessly, meeting the demands of new technologies and user needs without jeopardizing stability or causing fragmentation.
The governance model of Tezos is also unparalleled. All stakeholders, including XTZ holders, have a say in the decision-making processes that shape the network's future. Through proposals and voting by bakers, various changes can be implemented, ranging from protocol modifications to consensus mechanism adjustments, enhancing the platform's adaptability.
A remarkable feature of Tezos is its utilization of formal verification. By subjecting the code to mathematical proofs, the smart contracts and components can be validated to function as intended, significantly reducing the occurrence of errors, bugs, and security vulnerabilities. This rigorous process ensures a higher level of security and reliability for Tezos.
In addition, Tezos adopts a proof-of-stake consensus model to achieve consensus, minimizing energy consumption and positioning itself as an environmentally friendly blockchain option. Through the baking process and optional delegation, stakeholders can engage in consensus without relinquishing control of their tokens. This "liquid" nature of Tezos' proof-of-stake implementation promotes scalability, incentivizes alignment, and mitigates the risk of 51% attacks.
Tezos originally launched in June 2018 as one of the pioneering Proof-of-Stake networks, standing as a testament to its commitment to innovative consensus mechanisms.
Tezos is a platform that provides smart contract functionality, enabling developers to create smart contracts and build decentralized applications (dapps). The platform enhances dapp security by employing mathematical proofs and formal verification to validate the integrity of both dapps and smart contracts. This approach protects against censorship or shutdowns by third parties, while also safeguarding dapps against potential bugs and security vulnerabilities.
Tezos Baking
Tezos achieves consensus through a process called Proof of Stake, where validators/bakers temporarily lock a portion of their tokens to create blocks. The baker, chosen randomly based on the number of tokens locked, receives a reward in Tez coins (XTZ) for their work.
Delegating is an option for Tez holders who either don't have enough tokens or don't want to set up the infrastructure for block creation. By delegating their coins to a baker, they increase the baker's chances of being selected to create and endorse blocks. Bakers share the additional revenue with delegators based on their participation, but they cannot spend or control the delegated Tez (XTZ coins).
In Tezos, participants in the validation process are called delegates. Delegates can act as bakers (creating and signing blocks) or endorsers (approving blocks through endorsements). Baking and endorsement rights are assigned randomly in advance to prevent dishonest behavior, and delegates must provide a security deposit to deter compromise attempts.
Prospective bakers must meet requirements, such as having a stable server, internet connection, RAM, and storage. They also need at least 6,000 XTZ tokens in their staking balance to increase their chances of earning block rewards.
Tezos coin holders can become bakers by possessing 6,000 Tezos tokens or delegate XTZ they possess to participate in consensus. Rewards received by bakers can be shared with those who delegated their Tez, incentivizing more delegation and increasing the baker's staking balance.
Liquid Proof-of-Stake (LPoS) allows Tez holders to retain ownership of their funds, while delegating their voting and baking rights. This differs from other blockchains where participants vote for a limited number of validators in a delegated Proof-of-Stake (DPoS) system.
Tezos Ecosystem
The Tezos ecosystem encompasses a wide range of applications, catering to diverse sectors such as NFTs, DeFi, gaming, enterprise, and government use cases.
NFTs have taken center stage in the blockchain space, and Tezos has emerged as a prominent platform for this digital asset class. With marketplaces like Objkt, FxHash, Teia, and DNS xyz, creators can mint and sell their artwork and music as NFTs, while users have the opportunity to collect and own these unique pieces verified on the blockchain.
Furthermore, other NFT-related projects like MoneyTrack make use of Tezos, utilizing NFTs to control directed payment flows.
Tezos Use Cases
Enterprises and governmental organizations have increasingly embraced Tezos for a range of purposes.
For example, the Information Center of the French Armies and Gendarmerie employs Tezos to verify and log judicial expenses incurred during investigations.
In the realm of Central Bank Digital Currencies (CBDCs), Société Générale conducted successful trials using Tezos to explore the potential of CBDCs. In September 2020, the bank announced the completion of a pilot program utilizing a customized version of the Tezos blockchain. This pilot aimed to simulate the issuance and circulation of CBDCs, testing the blockchain's capacity to handle transactions, enable payments, and settle transactions in a digital environment.
Taking advantage of Tezos capabilities, the California DMV has integrated the blockchain in its project to store car titles securely.
Sword Group, an international technology company, developed DigiSign on Tezos—an open-source tool that enables users to digitally sign, certify, and authenticate digital documents.
Tezos Gaming
Tezos has also made significant strides in the gaming industry. The Tezos SDK for Unity is specifically designed to streamline blockchain game development by offering web3 features. Players can link their accounts across games, trade in-game items and currencies, and showcase their achievements on public, on-chain leaderboards.
Tezos Protocol Upgrades
Tezos has prioritized research on scaling solutions, solidifying its position as a pioneer in the blockchain field. With new technologies, such as smart rollups, Tezos has the potential to handle up to 1 million transactions per second (TPS). These smart rollups efficiently process transactions and utilize additional virtual machines that seamlessly integrate their state changes into the Tezos blockchain.
Another innovation under development of the Tezos platform is Epoxy. This validity rollup solution, also known as zk-rollups, enhances the scalability, speed, and versatility of Tezos. Epoxy's unique approach does not rely on fraud-proof mechanisms, making it even more resilient and robust.
These endeavors underscore the continuous commitment of Tezos to foster innovation within the blockchain industry.
Tezos Foundation
The Tezos Foundation looks to promote the Tezos protocol through grants and other forms of capital deployment. It provides resources, funding, and guidance for projects related to the blockchain development, adoption, and growth of Tezos community. The foundation manages a portion of the Tezos blockchain's funds, which are used to support ecosystem projects, research, education, and other initiatives. The foundation is governed by a board of directors, who oversee its operations and decision-making processes.
Since Tezos is not a company, it does not have a core team or employees. Tezos is an open-source software project and blockchain to which anybody may contribute code.
Tezos launched its position paper in August 2014 and the original whitepaper in September 2014.
The position paper outlined the vision and guiding principles, emphasizing the importance of security, on-chain governance, and self-amendment.
The original whitepaper delved into the technical aspects of Tezos, explaining its unique features such as the use of proof-of-stake consensus, formal verification, and the capability for decentralized protocol upgrades.
These papers laid the foundation for Tezos' development and provided an early glimpse into its innovative approach to blockchain technology.
Goals of the Tezos Blockchain
Tezos aims to achieve a decentralized, secure, and self-amending platform for building and running smart contracts and decentralized applications (dApps). It focuses on three key objectives: self-amendment, formal verification, and on-chain governance.
Tezos allows for automatic protocol upgrades without requiring hard forks, ensuring the network remains adaptable and up-to-date. It incorporates formal verification, a method of mathematically proving the correctness of smart contracts, enhancing security and reducing vulnerabilities.
Additionally, Tezos implements on-chain governance, so each XTZ token holder has the power to participate in decision-making and vote on proposed changes, fostering a democratic and community-driven approach.
These features make Tezos a unique and innovative blockchain that seeks to provide a secure and flexible environment for developers and users of smart contracts and dApps.
XTZ Coin
Tezos (XTZ) is the native cryptocurrency of the Tezos blockchain, a decentralized and self-amending smart contract platform. XTZ serves several utilities within the Tezos network.
It acts as the fuel for executing smart contracts and decentralized applications (dApps) on the platform. Every time a transaction or smart contract is executed, a small amount of XTZ is required as a fee, incentivizing network participants to validate and secure the blockchain.
XTZ holders have voting rights and can participate in the governance of the Tezos network. Tezos operates on a self-amending mechanism where stakeholders can propose, vote on, and implement protocol upgrades without the need for hard forks.
Different stakeholders can submit proposals, and XTZ holders can vote on these proposals using their tokens. The voting power of each XTZ holder is determined by the number of tokens they hold. This governance mechanism ensures that the Tezos blockchain remains adaptable, secure, and up-to-date.
Tezos Price Chart
If you are wondering what the Tezos price today is, Changelly, a reputable cryptocurrency exchange, offers an interactive XTZ price chart with a live Tezos price with real-time updates. With our comprehensive price chart, you can easily view the Tezos price history, which can assist you in creating your own Tezos price prediction.
The current price of Tezos today in USD, market cap (market capitalization), 24-hour trading volume, and price change within recent times are also shown by our interactive XTZ price chart.
Apart from these important figures, our real-time Tezos price chart lets you easily detect the lowest and highest price points of the crypto asset, as well as see how many XTZ tokens are currently in the circulating supply.
By leveraging our Tezos price indicators, investors can make informed decisions regarding their Tezos investments based on our precise and reliable data.
You can also read our XTZ price prediction for the future years to get an understanding of potential price movements and make smart investment decisions. However, our XTZ prediction is not guaranteed due to the great volatility of the crypto market. It's crucial to conduct thorough Tezos price analysis and consider multiple factors before pouring hard-earned money into cryptocurrencies.
What Affects Tezos Price?
The highest price paid for the XTZ token was approximately $12.19, reached on May 7, 2021. The lowest price paid for XTZ was around $0.31, observed on December 7, 2018. These days, the average price Tezos is traded at is nearly $0.60 per XTZ coin.
Please note that cryptocurrency prices are highly volatile and can change rapidly. Seek investment advice from a financial expert and conduct a thorough research before dealing with any digital assets.
The total supply of Tezos is dynamic and increases through a process called "baking." Currently, the total supply is over 869 million XTZ coins.
The price of Tezos (XTZ) is influenced by several key factors.
Market Demand
Like any asset, the price of Tezos is affected by the basic principles of supply and demand. If many people believe that XTZ is a good investment and start buying it, this creates a high demand for the XTZ cryptocurrency, pushing the crypto price up. If people tend to sell Tezos rather than purchase crypto, the supply exceeds demand, so the price of the crypto asset may fall.
Overall Cryptocurrency Market
Tezos is part of the larger cryptocurrency market, so its current price can be influenced by market trends. If there is a bullish sentiment in the crypto market, it can have a positive impact on XTZs price.
Technology and Development
Tezos is a blockchain platform that emphasizes on-chain governance and smart contracts. Any positive developments, such as upgrades, new partnerships, or developments in the platform's technology, can increase investor confidence and drive XTZ’s price up.
Investor Sentiment
The perception and sentiment of investors towards Tezos can play a significant role in its price performance. Positive news coverage, community engagement, and overall sentiment can create a favorable environment, attracting more investors and potentially increasing the price.
Regulatory Environment
Government regulations and policies pertaining to cryptocurrencies can impact the price of Tezos. Changes in regulations, either positive or negative, can create uncertainty, leading to price volatility.
Economic Factors
Economic indicators and macroeconomic events can also influence the price of Tezos. Factors like inflation, interest rates, and global economic stability can impact investor behavior and, consequently, the price of Tezos.
How to Get Tezos Coins?
There are several ways to get Tezos tokens (XTZ).
Cryptocurrency Exchanges
You can buy Tezos directly from various crypto exchanges like Changelly, using traditional fiat currencies. Changelly offers a plethora of digital assets to purchase with local money like USD, EUR, and 80+ fiats. You can easily pay with a credit card, debit card, wire transfer, and many other payment methods.
Changelly is an utterly convenient cryptocurrency exchange platform that supports a wide range of payment schemes for seamless transactions with Tezos (XTZ) and other cryptocurrencies like Bitcoin Cash, Binance Coin, USD Coin, and more. Our exhaustive XTZ price statistics and the coin price forecast can also empower your investment decision.
Peer-to-Peer Trading
Many exchanges also offer a P2P trading capability that allows you to buy Tezos XTZ directly from other individuals who are willing to trade XTZ.
Staking
If you already hold Tezos, you can participate in the network's proof-of-stake consensus mechanism. By staking your XTZ, you earn additional coins as rewards for securing the network.
Earn Through Baking
Tezos utilizes a baking system where token holders can delegate their coins to bakers who validate transactions. By delegating your XTZ to a baker, you can earn additional XTZ as baking rewards.
Airdrops and Giveaways
Occasionally, Tezos developers or projects may distribute free XTZ as a promotional mechanism. Keep an eye on official announcements or community channels to participate in these opportunities.
Trending
+$0.00203 16.46%
+$0.49898 13.07%
+$0.00013 11.99%
+$0.00352 10.22%
+$0.000001829 8.89%
+$4.9744 5.15%
+$0.01176 4.94%
+$0.00087 4.63%
+$0.06185 4.48%
+$0.0002 4.40%
FAQ
What determines the price of Tezos?
What was the starting price of Tezos?
What was the highest price of Tezos?
What was the lowest price of Tezos?
Related articles about Tezos
Subscribe to our newsletter to get the latest crypto insights and price updates.