Introduction to Tezos (XTZ)
Tezos (XTZ) is a decentralized blockchain platform designed for smart contracts and decentralized applications (dApps). As of the latest data:
- Current Price: $0.90
- 24h Trading Volume: $15.4 million
- Market Cap: ~$734 million (with 811M circulating supply)
- Exchange Listings: 31 exchanges with 46 active markets
Key Metrics
- Circulating Supply: 660,373,612 XTZ (82.4% of total supply)
- Total Supply: 801,312,599 XTZ
- Max Supply: 763,306,930 XTZ
- Consensus Mechanism: Delegated Proof-of-Stake (DPoS)
- Launch Date: July 30, 2017
👉 Discover how Tezos compares to other smart contract platforms
Technical Overview of Tezos
Self-Amending Blockchain Architecture
Tezos distinguishes itself through its self-upgradable protocol that avoids hard forks. Key features include:
- Formal Verification: Mathematical validation of transaction code
- Modular Network Shell: Separates blockchain operations from network tasks
- Interoperability: Can integrate functionalities from other blockchains
Governance Model
XTZ holders participate in on-chain governance through:
- Proposal submission
- Voting cycles
- Automatic protocol upgrades
Where to Buy XTZ Tokens
Top exchanges by trading volume:
- Kraken (Highest liquidity)
- CoinEx (Strong Asian market presence)
- MXC Exchange (Active altcoin trading)
👉 Learn the best practices for trading XTZ
Frequently Asked Questions
What makes Tezos different from Ethereum?
Tezos uses formal verification for enhanced smart contract security and features on-chain governance, allowing protocol upgrades without contentious hard forks.
How does Tezos' staking work?
Tezos operates on Liquid Proof-of-Stake (LPoS):
- Delegators can participate without running nodes
- Current annual yield: ~5-6%
- Baking (validation) requires 8,000 XTZ minimum
What's the utility of XTZ tokens?
XTZ serves three primary functions:
- Network governance participation
- Transaction fee payment
- Staking collateral for validators ("bakers")
Is Tezos environmentally friendly?
Compared to Proof-of-Work chains:
- Tezos consumes ~2.5M times less energy than Bitcoin
- Annual energy use equivalent to 17 global households
How do I store XTZ securely?
Recommended wallets:
- Hardware: Ledger Nano series
- Mobile: Kukai, Atomic Wallet
- Web: Temple Wallet (browser extension)
Future Developments
Tezos continues to evolve with:
- Upcoming protocol upgrades (focusing on scaling)
- Growing institutional adoption (NFT platforms, CBDC experiments)
- Ecosystem grants ($250M+ allocated for dApp development)
For official updates, visit the Tezos Foundation website.