Tezos (XTZ) is a self-amending blockchain launched in 2014, prioritizing governance for XTZ holders who vote on proposals and participate in on-chain upgrades. Currently ranked as the 42nd largest cryptocurrency by market cap, Tezos combines smart contract functionality with a unique liquid proof-of-stake consensus mechanism.
Key Metrics: Tezos (XTZ) at a Glance
| Metric | Value |
|---|---|
| Current Price | $0.538 |
| Market Cap | $564.76 million |
| Circulating Supply | 892,894,719.93 XTZ |
| All-Time High | $8.70 (March 2021) |
How Tezos (XTZ) Works
Liquid Proof-of-Stake (LPoS)
XTZ holders "bake" (stake) tokens to validate transactions and vote on protocol upgrades. This process involves two code layers:
- Shell: Administers transactions and implements voter-approved changes.
- Protocol: Submits upgrade proposals for review.
Governance & Incentives
Holders govern Tezos through:
- On-chain voting for upgrades.
- Earning rewards via staking ("baking").
- Smart contract interactions for DeFi applications.
Use Cases for Tezos (XTZ)
- Governance: Vote on network proposals.
- DeFi: Earn yields through dApps.
- Trading: Capitalize on price volatility.
- Staking: Earn rewards via exchanges or private wallets.
Where to Buy Tezos (XTZ)
XTZ is available on major exchanges like Binance, Coinbase, and KuCoin. For secure storage, consider hardware wallets like Ledger or software wallets listed on Tezos' official site.
👉 Buy XTZ with low fees on OKX
Controversies & Challenges
- Internal Conflicts: Disputes among founders post-ICO.
- Securities Lawsuit: Dismissed but damaged reputation.
- Competition: Rivals like Solana and Avalanche offer similar features.
Future of Tezos
- Reduced barriers for "bakers" (25% lower staking thresholds).
- Ongoing ecosystem expansion for dApps.
- Focused on scalability and energy efficiency.
FAQs
1. Can Tezos (XTZ) be mined?
No. Tezos uses LPoS; tokens are earned through staking ("baking").
2. What’s the max supply of XTZ?
Total supply is 914,508,894 XTZ.
3. Is Tezos energy-efficient?
Yes. LPoS consumes less power than proof-of-work blockchains.
4. How do I stake XTZ?
Use exchanges or wallets supporting Tezos staking.
5. What’s the biggest risk for Tezos?
Competition from newer blockchains with enhanced utility.
Pros & Cons Summary
Pros
✅ Energy-efficient
✅ Governance rights
✅ Smart contract support
Cons
❌ Past legal issues
❌ Strong competitors