Tezos

Tezos (XTZ) is a blockchain platform launched in 2018 that supports smart contracts and decentralized applications. It is designed to be self-amending, allowing the protocol to upgrade itself without hard forks. Tezos uses a liquid proof-of-stake consensus mechanism, enabling token holders to participate in network validation and governance.

Tezos features on-chain governance, where XTZ holders can propose and vote on protocol upgrades. This process is formalized through a series of stages: proposal, selection, testing, and promotion. This allows the network to evolve smoothly without splitting into competing chains, as upgrades are automatically implemented if approved by the community.

XTZ is the native cryptocurrency of the Tezos network. It is used for transaction fees, staking (baking) to secure the network, and participating in governance decisions. Token holders can delegate their XTZ to bakers to earn rewards without running a node themselves.

Unlike many blockchains that require hard forks for upgrades, Tezos uses a self-amending ledger with formal verification of smart contracts. Its liquid proof-of-stake model allows any token holder to participate in consensus and governance, promoting decentralization. Tezos also emphasizes security and formal methods to reduce bugs in smart contracts.

Tezos is currently priced at $0.2987, down 1.42% in the last 24 hours. It is ranked #107 by market capitalization. Over the past 7 days, XTZ is down 6.73%.

Tezos has a market capitalization of $328.07M. The 24-hour trading volume is $11.79M, reflecting the total value of XTZ traded across all exchanges in the last day.

There are currently 1.10B XTZ in circulation. The total supply is 1.12B XTZ.