Tezos (XTZ) Price

Name: Tezos
Brand: Cryptocurrency
SKU: XTZ
Price: 0.99686 USD
Availability: InStock
Rating: 4,1 (6 reviews)

XTZ

Tezos

4,1

★

$0.99686

-0.56%

Today's Current Price in US Dollar

Market cap

977,111,561.0

Total volume

31,315,483

Circulating supply

979,706,686

Total supply

1,000,272,932

Buy / Long

Sell / Short

Exploring Tezos (XTZ)

Tezos stands as a blockchain of high performance and an open-source framework dedicated to assets and apps, prioritizing secure coding, on-chain governance, and a decentralized structure. The forthcoming Tezos 2.0 plans to enhance its scalability (through layer 2 solutions), interoperability, and the incorporation of widely-used programming languages such as Javascript, Typescript, Python, amongst others.

Designed from the outset to leverage formal verification, the Tezos protocol empowers developers to forge smart contracts free from vulnerabilities, catering especially to projects needing robust security and reliability.

The unique LPoS (Liquid Proof-of-Stake) consensus model of Tezos invites all stakeholders to engage, either directly or via delegation, in the consensus process, offering rewards for their contribution to network security. Distinctively, Tezos features an on-chain governance mechanism that allows its user base to propose, debate, and enact upgrades to the protocol. This innovative approach fosters a protocol that can evolve and refine autonomously without the disruptions of blockchain forks, encouraging community-led progress without hindering innovation.

Debuted in 2018 following a proposal in 2014, the Tezos Mainnet boasts an uninterrupted operation, gaining acclaim for its technical prowess and fostering a vibrant supporting community.

The Minds Behind Tezos
Arthur and Kathleen Breitman brought Tezos into existence, inspired by a 2014 white paper penned under the moniker L.M. Goodman - a tribute to Satoshi Nakamoto that alludes to a journalist wrongly pointing to the Bitcoin inventor.

Prior discussions by the Breitmans critiqued Bitcoin's notable flaws, including its absence of a governance model engaging its user community, inefficiencies and centralized tendencies birthed by its proof-of-work mechanism, a limited programming language that restricted smart contract capabilities, and overarching security concerns.