What Is Tezos (XTZ)?
Tezos (XTZ) is an open-source platform for assets and applications that evolves through self-amendment. Launched on October 2, 2017, it operates on a Proof-of-Stake (PoS) consensus mechanism, focusing on smart contracts and decentralized governance.
Key Features of Tezos
- Self-Upgradable Blockchain: Eliminates hard forks by allowing on-chain governance.
- Energy-Efficient PoS: Reduces environmental impact compared to Proof-of-Work.
- Smart Contract Flexibility: Supports formal verification for secure dApp development.
👉 Discover how Tezos compares to other smart contract platforms
Tezos (XTZ) Price and Market Data
| Metric | Value |
|---|---|
| Current Price | $0 (Data Pending) |
| 24H Change | -3.38% |
| Circulating Supply | 958M XTZ (100% of total) |
| All-Time High | $9.18 (2017) |
Historical Performance
Tezos has shown resilience in volatile markets, with its price influenced by:
– Adoption in DeFi and NFT projects.
– Protocol upgrades like Mumbai and Nairobi.
Where to Trade Tezos (XTZ)
While CoinEx offers XTZ trading pairs, consider these factors when choosing an exchange:
– Liquidity: Higher volumes reduce slippage.
– Security: Look for platforms with two-factor authentication (2FA).
👉 Explore secure trading platforms for XTZ
Risks and Considerations
Investing in cryptocurrencies like XTZ involves:
– Market Volatility: Prices can fluctuate rapidly.
– Regulatory Uncertainty: Policies may impact asset valuation.
Always conduct independent research or consult a financial advisor before investing.
Frequently Asked Questions (FAQs)
1. How does Tezos’ self-amendment work?
Tezos stakeholders vote on protocol upgrades, enabling seamless updates without forks.
2. What is staking XTZ?
By “baking” XTZ, holders earn rewards while securing the network via PoS.
3. Where can I store XTZ securely?
Use official wallets like Temple Wallet or hardware options like Ledger.
4. Why is Tezos considered eco-friendly?
Its PoS system consumes 2M times less energy than Bitcoin’s PoW.
5. Can Tezos support NFTs?
Yes, platforms like Hic et Nunc (now Teia) pioneered NFTs on Tezos.
6. What’s the inflation rate of XTZ?
Approximately 3.5% annually, offset by staking rewards.
Final Thoughts
Tezos combines innovation with sustainability, making it a standout in the smart contract arena. Stay updated with real-time charts and diversify your portfolio cautiously.
For the latest XTZ price alerts, bookmark reliable tracking tools.