The current price of Tezos (XTZ) is $0.5363 USD**, with a 24-hour trading volume of **$14.68 million. Over the past 24 hours, XTZ has seen a 0.00% price change. The circulating supply of XTZ tokens stands at 1.05 billion.
What Is Tezos?
Tezos is a decentralized platform for smart contracts and dApps. Its block creation process, known as "baking", allows token holders who stake XTZ to earn rewards for validating transactions. The native cryptocurrency, XTZ (also called tez or tezzie), powers the Tezos blockchain.
Key Features of Tezos
- Liquid Proof-of-Stake (LPoS): A more flexible variant of traditional PoS.
- On-Chain Governance: Token holders vote on protocol upgrades.
- Formal Verification: Mathematical proofing enhances security for smart contracts.
History of Tezos
Founded in 2014 by Arthur and Kathleen Breitman, Tezos gained traction after its 2017 ICO, raising $232 million—one of the largest fundraising events at the time. The name "Tezos" derives from Ancient Greek, meaning "smart contract."
Despite early legal challenges, Tezos peaked in value between October 2019 and February 2020. By 2021, it ranked among the top 40 cryptocurrencies by market cap.
Audits & Security
In 2019, Least Authority published audits confirming Tezos’ resistance to:
- Chain reorganizations
- Selfish-baking attacks
- Selfish-endorsing exploits
The protocol was adjusted to further reduce profitability for malicious actors.
How Does Tezos Work?
Tezos’ architecture splits into three layers:
- Network Protocol: Discovers blocks and broadcasts transactions.
- Transaction Protocol: Validates transaction rules.
- Consensus Protocol: Achieves agreement on the chain.
Baking vs. Staking
- Users must stake 8,000 XTZ to become a baker.
- Bakers validate blocks and vote on governance proposals.
- Voting cycles last 92 days (4×23-day phases).
👉 Learn more about staking rewards
Use Cases for Tezos
- Smart Contracts: Like Ethereum, but with formal verification.
- Governance: Decentralized voting for protocol upgrades.
- dApps: Censorship-resistant decentralized applications.
Tezos’ self-amending blockchain allows stakeholders to directly influence network rules without hard forks.
FAQ
What makes Tezos unique?
Its LPoS consensus and on-chain governance enable seamless upgrades and high security.
How do I buy XTZ?
Purchase XTZ on exchanges like Crypto.com or OKX using USD or BTC pairs.
Is Tezos a good investment?
While XTZ has strong tech, always research market trends and risks.