XTZ icon Tezos price (XTZ)

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What is Tezos?

Tezos is a blockchain network associated with the digital coin XTZ. The network works through Proof-of-Stake, a consensus mechanism whereby tokens are staked. The purpose of the coin is to develop and manage applications and assets. Tezos can be used to develop dApps & smart contracts and to make transactions. The idea of the coin was born out of the problems of other cryptocurrencies such as Bitcoin and Ethereum. But what does Tezos have that Bitcoin and Ethereum do not?

Democratic decision-making

XTZ owners have the opportunity to vote for or against changes in the cryptocurrency.

Tezos Foundation

The Tezos Foundation was established in 2017 after an ICO raised up to $232 million. Tezos' co-inventor, Arthur Breitman, is currently still a member of the foundation's board of directors.

DeFiSmart Contracts

Among other things, Tezos allows you to create smart contracts that are stored on the blockchain.

When is a good time to get in?

Tezos statistics from the last 24 hours

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More about Tezos

Tezos price history

Tezos was conceived in 2014 by a married couple named Arthur and Kathleen Breitman. Their ideas about Tezos received positive attention from many people, which led them to launch an Initial coin offering in 2017 that (at the time) made them the largest ICO ever: $232 million. The official launch of XTZ took place in June 2018.

Tezos has no maximum number of XTZ tokens. As of October 2022, there are more than 910 million XTZ tokens in circulation.

Proof-of-stake

Tezos uses the Proof-of-stake consensus mechanism. This allows people in possession of at least 8,000 XTZ to put their shares aside and receive interest on them. People who do this are called bakers. In addition, you can also earn Tezos on a lower scale; you do this by lending tokens to a larger baker, thereby hitching a ride on that person.

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