Tezos is an open-source Proof-of-Stake (PoS) blockchain network enabling peer-to-peer transactions and smart contracts. Pioneering decentralized governance—now a preferred model in blockchain—Tezos launched its mainnet in September 2018 after a record-breaking $228 million ICO.
Dubbed the “self-amending blockchain,” Tezos empowers users to shape its governance. It also employs an eco-friendly consensus mechanism for transaction validation and governance activities.
How Tezos Governance Works
Participants (called “bakers”) stake at least 6,000 XTZ to propose or vote on upgrades. Each proposal undergoes:
1. Three voting rounds
2. Security testing on a testnet
3. Final implementation if approved
This system reduces fork risks and ensures decentralized decision-making.
👉 Explore Tezos Staking Rewards
XTZ Tokenomics: Supply, Inflation, and Burns
Key Metrics (2024)
| Metric | Value |
|---|---|
| Total Supply | ~930.5M XTZ |
| Circulating Supply | ~910M XTZ |
| Annual Inflation | ~5.4% |
| New XTZ Minted | 80/minute |
Inflation Control
To counter inflation, Tezos burns XTZ via:
– Slashing malicious bakers’ stakes
– KT1 account creation (delegation smart contracts)
Founders and Key Partnerships
The Breitmans
- Arthur Breitman: Ex-Morgan Stanley quant; math/CS background.
- Kathleen Breitman: Former hedge fund advisor.
Major Collaborations
- McLaren Racing (2021): NFTs for fan experiences.
- Manchester United (2022): $27M/year training kit sponsorship.
- Rarible (2021): Tezos NFT integration.
Tezos Upgrades and Ecosystem Growth
Tenderbake (Ithaca 2.0 – 2022)
- Faster block times (Tenderbake consensus)
- Lower baker requirement: 8,000 → 6,000 XTZ
- EVM/WebAssembly compatibility
NFT Expansion
- Rarible’s “Shining Future” NFT collection.
- Ubisoft gaming integrations.
FAQs
1. What makes Tezos unique?
Tezos’ self-amending governance allows upgrades without hard forks, voted on by stakeholders.
2. How does XTZ inflation affect prices?
Burning mechanisms and 80% staked supply help balance inflation’s impact.
3. Can I stake XTZ with fewer than 6,000 tokens?
Yes! Use exchanges or delegation services for smaller amounts.
4. Which sports teams partner with Tezos?
Manchester United, McLaren Racing, and the New York Mets.
5. Is Tezos eco-friendly?
Yes—its PoS model uses ~2 million times less energy than Bitcoin.
6. Where can I trade Tezos NFTs?
Rarible, Objkt, and Tezos-native marketplaces.
Tezos combines decentralized innovation with real-world adoption through sports, gaming, and NFTs. Stay updated on its evolving ecosystem!
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